Consolidated Statement of Operations (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
INVESTMENT INCOME
Interest income	$ 16,651,827	$ 10,798,629	$ 32,500,608	$ 22,715,250
EXPENSES
Base management fee	1,448,633	1,107,969	2,929,606	2,212,252
Incentive fee			612,192	482,715
Share-based LTIP expense	37,926	774,037	75,435	1,500,200
Interest expense	1,602,593	872,609	3,145,865	1,679,404
Professional fees	358,126	491,267	911,576	902,136
Compensation expense	403,817	210,000	651,367	500,000
Insurance expense	190,564	285,000	357,127	560,000
Agency and administration fees	249,377	175,024	489,006	346,195
Custody and other fees	220,363	153,132	515,764	258,923
Directors' fees and expenses	66,747	52,581	140,735	133,386
Total expenses	4,578,146	4,121,619	9,828,673	8,575,211
NET INVESTMENT INCOME (LOSS)	12,073,681	6,677,010	22,671,935	14,140,039
Net realized gain (loss) on:
Investments	(11,021,007)	8,525,150	(2,785,296)	12,315,083
Swaps	7,452,698	(788,380)	11,191,970	7,219,852
Futures	(347,432)	(288,200)	(718,908)	(1,025,880)
Purchased options				(580,860)
Total net realized gain (loss) on investments and financial derivatives	(3,915,741)	7,448,570	7,687,766	17,928,195
Change in net unrealized gain (loss) on:
Investments	(4,301,806)	(7,269,056)	(13,552,278)	(7,053,478)
Swaps	(5,380,002)	(2,655,407)	(7,542,971)	(12,881,161)
Futures	202,288	(469,987)	521,138	(1,348,675)
Purchased options				541,668
Total net unrealized gain (loss) on investments and financial derivatives	(9,479,520)	(10,394,450)	(20,574,111)	(20,741,646)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FINANCIAL DERIVATIVES	(13,395,261)	(2,945,880)	(12,886,345)	(2,813,451)
NET INCREASE (DECREASE) IN SHAREHOLDERS' EQUITY RESULTING FROM OPERATIONS	$ (1,321,580)	$ 3,731,130	$ 9,785,590	$ 11,326,588
NET INCREASE (DECREASE) IN SHAREHOLDERS' EQUITY RESULTING FROM OPERATIONS PER SHARE:
Basic and Diluted	$ (0.08)	$ 0.30	$ 0.58	$ 0.92