10-Q/A

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 10-Qa
Quarterly report pursuant to Section 12(b) or (g) of the
                   Securities Exchange Act of 1934

              For the quarterly period ended March 31, 2015

                    Commission File Number 0-17555
                        THE EVEREST FUND, L.P.
          (Exact name of registrant as specified in its charter)
        Iowa                                                 42-1318186
        State or other jurisdiction of               (I.R.S. Employer
        incorporation or organization)              Identification No.)

        1100 North 4th Street, Suite 143, Fairfield, Iowa   52556
        (Address of principal executive offices)          (Zip Code)

Registrant's telephone number, including area code:  (641) 472-5500


Not Applicable
(Former name, former address and former fiscal year, if
changed since last report.)

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.

Yes     X        No

Indicate by check mark whether the registrant is a large accelerated filer,
an accelerated filer, or a non-accelerated filer. See definition of
accelerated filer and large accelerated filer  in Rule 12b-2 of the Exchange
Act. (Check one):
Large accelerated filer	             Accelerated filer
Non-accelerated filer                Small Reporting Company Filer  X

Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Act).

Yes     No  X




EXPLANATORY NOTE

This Amendment on Form 10-Q/A (the "Amendment") amends the XBRL filing
part of Quarterly report Form 10-Q filed by The Everest Fund, L.P.,
for the 1st quarter ended March 31, 2015, originally filed with
the SEC on May 14, 2015 (the "Original Filing"). This amendment is
being filed in order to satisfy XBRL filing requirement because the
Original filing was filed with warnings from Edgar system about mixed
XBRL exhibits.  In this filing we have selected correct exhibits on
Edgar filing system for the attached XBRL files as follows:

EX-101.INS - XBRL Instance document.xml
EX-101.SCH - XBRL Taxonomy Extension Schema document.xsd
EX-101.CAL - XBRL Taxonomy Extension Calculation Linkbase document.xml
EX-101.DEF - XBRL Taxonomy Extension Definition Linkbase document.xml
EX-101.LAB - XBRL Taxonomy Extension Labels Linkbase document.xml
EX-101.PRE - XBRL Taxonomy Extension Presentation Linkbase document.xml

Except as described above, no other changes have been made to the
Original Filing of the Everest Fund, L.P. , it's disclosures or it's
financial statements for 1st quarter form 10Q ended March 31, 2015.
Therefore they have not been included in this Amendment. Accordingly,
this Amendment should be read in conjunction with the Original Filing
and the Company's other filings made with the SEC on or subsequent
to May 14, 2015.











SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned and thereunto duly authorized.

                                EVEREST FUND, L.P.
Date: May 20, 2015     By:  Everest Asset Management, Inc.,
                            its General Partner

By:   /s/ Peter Lamoureux



Peter Lamoureux
President

EX-31

EXHIBIT 31

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND
PRINCIPAL FINANCIAL OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED
PURSUANT TOSECTION 302 OF THE SARBANES-
OXLEY ACT OF 2002

I, Peter Lamoureux, certify that:

1. I have reviewed this quarterly report on Form 10-Qa
of the Everest Fund, L.P.;

2. Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the
circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present
in all material respects the financial condition, results of
operations and cash flows of the registrant as of, and for, the
periods presented in this report;

4. I am responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the
registrant and have:

(a) Designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under
our supervision, to ensure that material information relating
to the registrant, including its consolidated subsidiaries, is
made known to us by others within those entities, particularly
during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or
caused such internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in
accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure
controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls
and procedures, as of the end of the period covered by this
report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's
internal control over financial reporting that occurred during
the registrant's most recent fiscal quarter (the registrant's
fourth fiscal quarter in the case of an annual report) that
has materially affected, or is reasonably likely to materially
affect, the registrant's internal control over financial
reporting; and


                                           E-1








5. I have disclosed, based on our most recent evaluation of
internal control over financial reporting, to the registrant's
auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in
the design or operation of internal control over financial
reporting which are reasonably likely to adversely affect the
registrant's ability to record, process, summarize and report
 financial information; and

(b) Any fraud, whether or not material, that involves
management or other employees who have a significant role
in the registrant's internal control over financial reporting.

EVEREST FUND, L.P.
Date:  May 20, 2015     By:  Everest Asset Management, Inc.,
                                 its General Partner


By: /s/ Peter Lamoureux


Peter Lamoureux
Director, President, and Treasurer


                                            E-2

EX-32

EXHIBIT 32

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND
PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 906
OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of the Everest Fund, L.P.
(the "Partnership"), for the quarter ended March 31, 2015,
as filed with the U.S. Securities and Exchange Commission
on the date hereof (the "Report"), I, Peter Lamoureux, President
of Everest Asset Management, Inc., the general partner of
the Everest Fund, L.P. (the "Fund"), hereby certify, pursuant
to 18 U.S.C. Section 1350, as adopted pursuant to Section
906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Report fully complies with the requirements
of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934; and

(2)	The information contained in the Report fairly
presents, in all material respects, the financial
condition and results of operations of the Fund.


By: /s/ Peter Lamoureux


Name: Peter Lamoureux
Title: Director, President and Treasurer

Date: May 20, 2015



                      E-3

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8. Financial Highlights (Details) (Class A)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Class A
Total return before distributions	0.92%	(10.05%)
Ratio to average net assets:
Net investment Income (loss)	(8.97%)	(8.16%)
Management fees	5.82%	5.25%
Incentive fees	0.00%	0.00%
Other expenses	3.16%	2.92%
Total expenses	8.98%	8.17%

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1. GENERAL INFORMATION AND SUMMARY

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

1. GENERAL INFORMATION AND SUMMARY

The Everest Fund, L.P., formerly Everest Futures Fund, L.P. (an Iowa Limited Partnership), (the “Partnership”) is a limited partnership organized in June 1988, under the Iowa Uniform Limited Partnership Act (the “Act”) for the purpose of engaging in the speculative trading of commodity futures and options thereon and forward contracts (collectively referred to as “Commodity Interests”). The sole General Partner of the Partnership is Everest Asset Management, Inc. (the “General Partner”).

On July 1, 1995, the Partnership recommenced its offering under a Regulation D, Rule 506 private placement. The private placement offering is continuing at a gross subscription price per unit equal to net asset value (NAV) per unit, plus an organization and offering cost reimbursement fee payable to the General Partner, and an ongoing compensation fee equal to 3% of the net asset value of Class A Units sold. The Class A Units (retail shares) continue to be charged an initial 1% Offering and Organization fee as a reduction to capital.

Currently, R.J. O’Brien and Associates, LLC (“RJO”), 222 South Riverside Plaza, Suite 900, Chicago, Illinois 60606, serves as the Fund’s clearing broker to execute and clear Fund’s futures and equities transactions and provide other brokerage-related services. RJO Professional FX is a division of RJO. RJO Professional FX may execute foreign exchange or other over the counter transaction with the Fund as principal. RJO is a subsidiary of R.J. O’Brien Holdings Corporation. RJO is registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a Futures Commission Merchant (“FCM”) and is a member of the National Futures Association (“NFA”) in several capacities, including as a Forex Dealer Member (“FDM”) and is a member of certain principal U.S. contracts markets. RJO is a full clearing member of the CME Group, the Intercontinental Exchange, NYSE Liffe U.C., and the CBOE Futures Exchange (“CFE”).

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Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from (for) operating activities
Net income (loss)	$ 62,670	$ (634,338)
Net changes to reconcile net income (loss) to net cash provided (used) by operating activities:
Unrealized gain (loss) on open contracts	157,043	189,625
Interest receivable	93	(23)
Incentive fees payable	0	0
General partner fees payable	1,452	(805)
Redemption payable	246,051	(383,717)
Management fees payable	25	(1,843)
Accounts payable & accrued expenses	(967)	(22,097)
Net cash provided (used) in operating activities	466,367	(853,198)
Cash flows from (for) financing activities:
Redemptions paid	(293,510)	(69,351)
Partner additions, net of offering costs	0	0
Net cash provided (used) by financing activities	(293,510)	(69,351)
Net increase (decrease) in cash and cash equivalents	172,857	(922,549)
Cash and cash equivalents Beginning of period	6,581,368	6,445,086
Cash & investment in marketable securities consist of:
Cash in banks	17,868	21,603
Cash in broker trading accounts	6,736,357	1,517,175
Cash and cash equivalents	0	3,983,759
Cash and cash equivalents End of period	$ 6,754,225	$ 5,522,537

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Statements of Financial Condition (USD $)	Mar. 31, 2015	Dec. 31, 2014
Equity in broker trading accounts:
Cash and investments in marketable securities	$ 17,868	$ 15,571
Cash in broker trading accounts	6,736,357	6,565,795
Net unrealized gain (loss) on open contracts	159,314	316,358
Total cash & equity in broker trading accounts	6,913,539	6,897,724
Other assets:
Investments in marketable securities	0	0
Interest receivable	3	96
Total Assets	6,913,542	6,897,820
LIABILITIES
Management fees payable	11,395	11,369
General partner fees payable	32,092	30,640
Redemptions payable	246,051	0
Incentive fee payable	0	0
Accounts payable & accrued expenses	44,637	45,604
Total Liabilities	334,175	87,613
Limited partners, A shares: 2,797.98 and 3,072.20 units outstanding	6,579,367	6,810,207
Total Partners' Capital	6,579,367	6,810,207
Total Liabilities & Partners' Capital	$ 6,913,542	$ 6,897,820

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STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (USD $)	Unit A Shares	Limited Ptrs A Shares	Total
BEGINNING PARTNERS' CAPITAL,Unit at Dec. 31, 2013	3,072.20	6,331,720	6,331,720
Additions, unit	0	0	0
Redemptions, unit	(36.47)	(69,351)	(69,351)
Offering costs		$ 0	$ 0
Net income (loss)		(634,338)	(634,338)
ENDING PARTNERS' CAPITAL,Unit at Mar. 31, 2014	3,035.73	5,628,031	5,628,031
BEGINNING PARTNERS' CAPITAL,Unit at Dec. 31, 2014	2,797.98	6,810,207	6,810,207
Additions, unit	0	0	0
Redemptions, unit	(119.469)	(293,510)	(293,510)
Offering costs		0	0
Net income (loss)		$ 62,670	$ 62,670
ENDING PARTNERS' CAPITAL,Unit at Mar. 31, 2015	2,678.52	6,579,367	6,579,367

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6. DERIVATIVE INSTRUMENTS (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Net unrealized gain (loss) on open contracts	$ 159,314		$ 316,358
Net realized trading gains (losses)	372,961	(355,348)
Change in unrealized gains (losses)	(153,066)	(144,122)
Futures Contracts
Net unrealized gain (loss) on open contracts	159,314		241,456
Net realized trading gains (losses)	368,631	(368,201)
Change in unrealized gains (losses)	$ (153,066)	$ (144,122)

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6. DERIVATIVE INSTRUMENTS (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Derivative Instruments Details 2
Trading Revenue Realized	$ 368,631	$ (368,201)
Trading Revenue Change in unrealized	(153,066)	(144,122)
Trading Revenue	215,565	(512,322)
Total	215,565	(368,201)
Total average of futures contracts bought and sold	$ 122,877	$ (122,734)

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STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Net Asset Value Per Unit
Class A	$ 2,456.35	$ 2,433.97
Net profit (loss) per unit	$ 22.38

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Statements of Financial Condition (Parenthetical)	Mar. 31, 2015	Dec. 31, 2014
Partners Capital
Limited Partners Class A, units outstanding	2,675.5155	2,797.98423

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2. Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Revenue Recognition

Commodity futures contracts, forward contracts, physical commodities, and related options are recorded on the trade-date basis and realized gains or losses are recognized when contracts are liquidated. All such transactions are recorded on the identified cost basis and marked to market daily. Unrealized gains or losses on open contracts (the difference between contract trade price and market price) are reported in the statement of financial condition as a net unrealized gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with the Financial Accounting Standards Board Interpretation No. 39 - “Offsetting of Amounts Related to Certain Contracts.” Any change in net unrealized gain or loss from the preceding period is reported in the statement of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices.

Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the Interbank market.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash equivalents represent short-term highly liquid investments with maturities of 90 days or less at the date of acquisition. The Partnership maintains deposits with high quality financial institutions in amounts that are in excess of federally insured limits; however, the Partnership does not believe it is exposed to any significant credit risk.

Redemptions Payable

Pursuant to the provisions of FASB ASC 480, Distinguishing Liabilities from Equity, redemptions approved by the General Partner prior to month end with a fixed effective date and fixed amount are recorded as redemptions payable as of month end.

Fair Value of Financial Instruments

The financial instruments held by the Company are reported in the statements of financial condition at fair value, or at carrying amounts that approximate fair value, due to their highly liquid nature and short-term maturity.

Foreign Currency Translation

The Partnership’s functional currency is the U.S. dollar, however, it transacts business in currencies other than the U.S. dollar. Assets and liabilities denominated in foreign currencies are translated at the prevailing exchange rates as of the date of the statement of financial conditions. Gains and losses on investment activity are translated at the prevailing exchange rate on the date of each respective transaction while period end balances are translated at the period end currency rates. Realized and unrealized foreign exchange gains or losses are included in trading income or loss in the statements of operations.

Income Taxes

No provision for income taxes has been made in the accompanying financial statements as each partner is responsible for reporting income (loss) based upon the pro rata share of the profits or losses of the Partnership.

The Partnership files U.S. federal and state tax returns.

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Document and Entity Information	3 Months Ended
	Mar. 31, 2015	May 13, 2015
Document And Entity Information
Entity Registrant Name	EVEREST FUND L P
Entity Central Index Key	0000837919
Document Type	10-Q
Document Period End Date	Mar. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		0
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

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3. Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Of Financial Instruments Tables

Fair Value Measurement

The table below demonstrates the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2015 and March 31, 2014:

	Level 1		Level 2		Level 3
Assets at March 31, 2015:
Open positions in futures and option contracts	$	159,314
Total assets at fair value	$	159,314	$	0	$	0
	Level 1		Level 2		Level 3
Assets at March 31, 2014:
Open positions in futures and option contracts	$	241,456
Total assets at fair value	$	241,456	$	0	$	0

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CONDENSED SCHEDULES OF INVESTMENTS (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Currencies | Forward positions
Market value		$ 57,949
% of Partners' Capital		0.85%
LONG
Market value		175,489
% of Partners' Capital		2.58%
SHORT
Market value		316,358
% of Partners' Capital		4.65%
Futures contracts
% of Partners' Capital	2.42%
Futures contracts | LONG
Market value	128,104	117,539
% of Partners' Capital	1.95%	1.73%
Futures contracts | LONG | Interest rates
Number of contracts	318	213
Market value	122,262	92,900
% of Partners' Capital	1.86%	1.36%
Futures contracts | LONG | Metals [Member]
Number of contracts	2	2
Market value	7,388	(7,250)
% of Partners' Capital	0.11%	(0.11%)
Futures contracts | LONG | Agriculture
Number of contracts	1	12
Market value	(2,040)	(4,130)
% of Partners' Capital	(0.03%)	(0.06%)
Futures contracts | LONG | Currencies
Number of contracts	29
Market value	0
% of Partners' Capital	0.00%
Futures contracts | LONG | Indices [Member]
Number of contracts	54	56
Market value	494	36,019
% of Partners' Capital	0.01%	0.53%
Futures contracts | SHORT
Market value	31,210	155,789
% of Partners' Capital	0.47%	2.29%
Futures contracts | SHORT | Metals [Member]
Number of contracts	25	12
Market value	(23,389)	28,422
% of Partners' Capital	(0.36%)	0.42%
Futures contracts | SHORT | Agriculture
Number of contracts	31	34
Market value	36,171	21,018
% of Partners' Capital	0.55%	0.31%
Futures contracts | SHORT | Currencies
Number of contracts	26	48
Market value	18,428	32,489
% of Partners' Capital	0.28%	0.48%
Futures contracts | SHORT | Indices [Member]
Number of contracts		3
Market value		(9,554)
% of Partners' Capital		(0.14%)
Futures contracts | SHORT | Energy [Member]
Number of contracts		12
Market value		83,414
% of Partners' Capital		1.22%
Forward positions | SHORT | Currencies [Member]
Market value		$ (14,919)
% of Partners' Capital		(0.22%)

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4. Limited Partner Agreement

3 Months Ended

Mar. 31, 2015

Notes to Financial Statements

4. Limited Partner Agreement

The Limited Partners and General Partner share in the profits and losses of the Partnership in proportion to the number of units or unit equivalents held by each. However, no Limited Partner is liable for obligations of the Partnership in excess of their capital contribution and profits, if any, and such other amounts as they may be liable for pursuant to the Act. Distributions of profits are made solely at the discretion of the General Partner.

Responsibility for managing the Partnership is vested solely in the General Partner. The General Partner has delegated complete trading authority to an unrelated party (see Note 5).

Although the Agreement does not permit redemptions for the first six months following a Limited Partner’s admission to the Partnership, the Agreement does permit the Partnership to declare additional regular redemption dates.

The Partnership will be dissolved on December 31, 2020, or upon the occurrence of certain events, as specified in the Limited Partnership agreement.

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3. Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

3. Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Financial Accounting Standards Board has defined a hierarchy for fair value measurements. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1. Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

Level 2. Inputs other than quoted prices within Level 1 that are observable for the asset or liability, either directly or indirectly; and fair value is determined through the use of models or other valuation methodologies. A significant adjustment to a Level 2 input could result in the Level 2 measurement becoming a Level 3 measurement.

Level 3. Inputs are unobservable for the asset or liability and include situations where there is little, if any, market activity for the asset or liability. The inputs into the determination of fair value are based upon the best information in the circumstances and may require significant management judgment or estimation.

The table below demonstrates the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2015 and March 31, 2014:

	Level 1		Level 2		Level 3
Assets at March 31, 2015:
Open positions in futures and option contracts	$	159,314
Total assets at fair value	$	159,314	$	0	$	0
	Level 1		Level 2		Level 3
Assets at March 31, 2014:
Open positions in futures and option contracts	$	241,456
Total assets at fair value	$	241,456	$	0	$	0

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6. Derivative Instruments (Details 1) (USD $)	Mar. 31, 2015 Integer
Net unrealized trading gains on open contracts, asset derivative, fair value	$ 128,104
Number of contracts	404
Net unrealized trading gains on open contracts, liability derivative, fair value	31,210
Net unrealized trading gains on open contracts, liability derivative, net	159,314
Agricultural
Net unrealized trading gains on open contracts, asset derivative, fair value	(2,040)
Number of contracts	1
Net unrealized trading gains on open contracts, liability derivative, fair value	36,171
Net unrealized trading gains on open contracts, liability derivative, net	34,131
Currencies
Net unrealized trading gains on open contracts, asset derivative, fair value	0
Number of contracts	29
Net unrealized trading gains on open contracts, liability derivative, fair value	18,428
Net unrealized trading gains on open contracts, liability derivative, net	18,428
Energy [Member]
Net unrealized trading gains on open contracts, liability derivative, fair value	0
Net unrealized trading gains on open contracts, liability derivative, net	0
Metals
Net unrealized trading gains on open contracts, asset derivative, fair value	7,388
Number of contracts	2
Net unrealized trading gains on open contracts, liability derivative, fair value	(23,389)
Net unrealized trading gains on open contracts, liability derivative, net	(16,001)
Interest rates
Net unrealized trading gains on open contracts, asset derivative, fair value	122,262
Number of contracts	318
Net unrealized trading gains on open contracts, liability derivative, fair value	0
Net unrealized trading gains on open contracts, liability derivative, net	122,262
Indices
Net unrealized trading gains on open contracts, asset derivative, fair value	494
Number of contracts	54
Net unrealized trading gains on open contracts, liability derivative, fair value	0
Net unrealized trading gains on open contracts, liability derivative, net	$ 494

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6. DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments Tables

Fair Value of Derivative Instruments

Fair Value of Derivative Instruments

		2015		2014
Speculative Instruments	Location- Statement of Financial Condition	Fair Value		Fair Value
Futures Contracts	Net unrealized gain (loss) on open contracts	$	159,314	$	241,456

		2015		2014
Speculative Instruments	Location- Statement of Operations	Fair Value		Fair Value
Futures Contracts	Net realized trading gains (losses)	$	368,631	$	-368,201
Futures Contracts	Change in unrealized gains (losses)	$	-153,066	$	-144,122

Asset Derivatives

Balance Sheet Location	Fair Value		#of contracts
Agricultural
Net unrealized trading gains on open contracts		-2,040		1
Currencies
Net unrealized trading gains on open contracts		0		29
Metals
Net unrealized trading gains on open contracts		7,388		2
Interest rates
Net unrealized trading gains on open contracts		122,262		318
Indices
Net unrealized trading gains on open contracts		494		54
		128,104		404
Liability Derivatives
Balance Sheet Location	Fair Value		#of contracts		Net
Agricultural
Net unrealized trading gains on open contracts		36,171		31		34,131
Currencies
Net unrealized trading gains on open contracts		18,428		26		18,428
Energy
Net unrealized trading gains on open contracts		0		0		0
Metals
Net unrealized trading gains on open contracts		-23,389		25		-16,001
Interest rates
Net unrealized trading gains on open contracts		0		0		122,262
Indices
Net unrealized trading gains on open contracts		0		0		494
		31,210		82		159,314

Trading Revenue for the Three Months Ended March 31, 2015

Line Item in Income Statement

Realized	$	368,631
Change in unrealized	$	-153,066
	$	215,565
Includes net foreign currency translation gain (loss)

Trading Revenue for the Three Months Ended March 31, 2014

Line Item in Income Statement

Realized	$	-368,201
Change in unrealized	$	-144,122
	$	-512,322

Includes net foreign currency translation gain (loss)

Total average of futures contracts bought and sold

Three months ended March 31, 2015

Total	$	215,565
3 month average	$	122,877

Total average of futures contracts bought and sold

Three months ended March 31, 2014

Total	$	-368,201
3 month average	$	-122,734

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7. FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

7. FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND CONTINGENCIES

The Partnership engages in the speculative trading of U.S. and foreign futures contracts, options on U.S. and foreign futures contracts, and forward contracts (“collectively derivatives”). These derivatives include both financial and non-financial contracts held as part of a diversified trading strategy. The Partnership is exposed to both market risk, the risk arising from changes in the market value of the contracts; and credit risk, the risk of failure by another party to perform according to the terms of a contract.

The purchase and sale of futures and options on futures contracts requires margin deposits with a Futures Commission Merchant (“FCM”). Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property such as U.S. Treasury Bills, deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited.

For derivatives, risks arise from changes in the market value of the contracts. Theoretically, the Partnership is exposed to a market risk equal to the value of futures and forward contracts purchased and unlimited liability on such contracts sold short. As both a buyer and seller of options, the Partnership pays or receives a premium at the outset and then bears the risk of unfavorable changes in the price of the contract underlying the option.

In the case of forward contracts, over-the-counter options contracts or swap contracts, which are traded on the interbank or other institutional market rather than on exchanges, the counterparty is generally a single bank or other financial institution, rather than a clearinghouse backed by a group of financial institutions; thus, there likely will be greater counterparty credit risk. The Partnership trades only with those counterparties that it believes to be creditworthy. All positions of the Partnership are valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to the Partnership.

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5. Agreements and Related Party Transactions

3 Months Ended

Mar. 31, 2015

Related Party Transactions [Abstract]

5. Agreements and Related Party Transactions

EMC Capital Management, Inc. (EMC), 2201 Waukegan Road, Suite West 240, Bannockburn, IL 60015; telephone: 847-267-8700, serves as the Partnership’s Commodity Trading Advisor (CTA).

EMC receives a monthly management fee equal to 0.167% (2% annually) of the Partnership’s month-end net asset value, (as defined),and a quarterly incentive fee of 20% of the Partnership’s new net trading profits. The incentive fee is retained by EMC even though trading losses may occur in subsequent quarters; however, no further incentive fees are payable until any such trading losses (other than losses attributable to redeemed units and losses attributable to assets reallocated to another advisor) are recouped by the Partnership.

Effective November 2003, the General Partner charges the Partnership a monthly management fee equal to 0.50% of the Partnership’s Class A beginning-of-month net asset value.

From the monthly management fee the General Partner deducts the round turn trading costs and related exchange fees (between $5.80 to $10.70 per round turn trade on domestic exchanges, and higher for foreign exchanges) and pays the selling agents and certain other parties, if any, up to 50% of the fee retained by the General Partner. The General Partner may replace or add trading advisors at any time.

The clearing agreements with the clearing brokers provide that the clearing brokers charge the Partnership brokerage commissions at the rate of between $5.80 to $10.70 per round-turn trade, plus applicable exchange, give up fees and National Futures Association fees for futures contracts and options on futures contracts executed on domestic exchanges and over the counter markets. For trades on certain foreign exchanges, the rates may be higher.

The Partnership also reimburses the clearing brokers for all delivery, insurance, storage or other charges incidental to trading and paid to third parties.

The Partnership earns interest on 95% of the Partnership’s average monthly cash balance on deposit with its clearing brokers at a rate equal to the average 91-day Treasury Bill rate during that month.

A substantial portion of the Partnership’s assets are held in a cash account a Everest’s futures broker R.J. O’Brien, the FCM. As is standard in the industry Everest receives 90% of the 3 month T-bill rate on its cash that is unused for trading. The Partnership’s assets at RJO cash account are subject to potential loss resulting from interest rate fluctuations and default.

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6. DERIVATIVE INSTRUMENTS

3 Months Ended

Mar. 31, 2015

Derivative Instruments

6. DERIVATIVE INSTRUMENTS

In the normal course of business, the Partnership engages in trading derivatives by purchasing and selling futures contracts and options on future contracts for its own account. All such trading is effectuated as speculative as opposed to hedging. Effective January 1, 2009, the Partnership adopted the provisions of Accounting Standards Codification 815, Derivatives & Hedging, which requires enhanced disclosures about the objectives and strategies for using derivatives and quantitative disclosures about the fair value amounts, and gains and losses on derivatives.

See below for such disclosures.

Fair Value of Derivative Instruments

		2015		2014
Speculative Instruments	Location- Statement of Financial Condition	Fair Value		Fair Value
Futures Contracts	Net unrealized gain (loss) on open contracts	$	159,314	$	241,456

		2015		2014
Speculative Instruments	Location- Statement of Operations	Fair Value		Fair Value
Futures Contracts	Net realized trading gains (losses)	$	368,631	$	-368,201
Futures Contracts	Change in unrealized gains (losses)	$	-153,066	$	-144,122

Asset Derivatives

Balance Sheet Location	Fair Value		#of contracts
Agricultural
Net unrealized trading gains on open contracts		-2,040		1
Currencies
Net unrealized trading gains on open contracts		0		29
Metals
Net unrealized trading gains on open contracts		7,388		2
Interest rates
Net unrealized trading gains on open contracts		122,262		318
Indices
Net unrealized trading gains on open contracts		494		54
		128,104		404
Liability Derivatives
Balance Sheet Location	Fair Value		#of contracts		Net
Agricultural
Net unrealized trading gains on open contracts		36,171		31		34,131
Currencies
Net unrealized trading gains on open contracts		18,428		26		18,428
Energy
Net unrealized trading gains on open contracts		0		0		0
Metals
Net unrealized trading gains on open contracts		-23,389		25		-16,001
Interest rates
Net unrealized trading gains on open contracts		0		0		122,262
Indices
Net unrealized trading gains on open contracts		0		0		494
		31,210		82		159,314

Trading Revenue for the Three Months Ended March 31, 2015

Line Item in Income Statement

Realized	$	368,631
Change in unrealized	$	-153,066
	$	215,565
Includes net foreign currency translation gain (loss)

Trading Revenue for the Three Months Ended March 31, 2014

Line Item in Income Statement

Realized	$	-368,201
Change in unrealized	$	-144,122
	$	-512,322

Includes net foreign currency translation gain (loss)

Total average of futures contracts bought and sold

Three months ended March 31, 2015

Total	$	215,565
3 month average	$	122,877

Total average of futures contracts bought and sold

Three months ended March 31, 2014

Total	$	-368,201
3 month average	$	-122,734

For the three months ended March 31, 2015, the monthly average of futures contracts bought and sold was approximately $122,877.

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8. Financial Highlights

3 Months Ended

Mar. 31, 2015

Notes to Financial Statements

8. Financial Highlights

The following financial highlights show the Partnership’s financial performance for the three months ended March 31, 2015 and March 31, 2014.

	March 31, 2015			March 31, 2014
	Class A			Class A
Total return before distributions*		0.92	%		-10.05	%
Ratio to average net assets:
Net investment Income (loss)**		-8.97	%		-8.16	%
Management fees		5.82	%		5.25	%
Incentive fees		0.00	%		0.00	%
Other expenses		3.16	%		2.92	%
Total expenses**		8.98	%		8.17	%

*Not annualized

**Annualized

Interim Financial Statements

The statements of financial condition, including the consolidated schedule of investments, as of March 31, 2015, the statements of operations for the three months ended March 31, 2015 and 2014, the statements of cash flows and changes in partners’ capital (net asset value) for the three months ended March 31, 2015 and 2014 and the accompanying notes to the financial statements are unaudited.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles may be omitted pursuant to such rules and regulations. In the opinion of management, such financial statements and accompanying disclosures reflect all adjustments, which were of a normal and recurring nature, necessary for a fair presentation of financial position as of March 31, 2015, results of operations for the three months ended March 31, 2015 and 2014, cash flows and changes in partners’ capital (net asset value) for the three months ended March 31, 2015 and 2014. The results of operations for the full three months ended March 31, 2015 and 2014 are not necessarily indicative of the results to be expected for the full year or any other period. These financial statements should be read in conjunction with the audited financial statements and the notes thereto included in our form 10-k as filed with the Securities and Exchange Commission.

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3. Fair Value of Financial Instruments (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Level 1
Assets	$ 159,314	$ 241,456
Level 1 | Open positions in futures and option contracts
Assets	159,314	241,456
Level 2
Assets	0	0
Level 2 | Open positions in futures and option contracts
Assets	0	0
Level 3
Assets	0	0
Level 3 | Open positions in futures and option contracts
Assets	$ 0	$ 0

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Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Net realized trading gains (loss)	$ 372,961	$ (355,348)
Change in unrealized gain (loss)	(153,066)	(144,122)
Brokerage commissions	(4,330)	(12,853)
NET TRADING INCOME (LOSS)	215,565	(512,322)
Interest income, net of cash management fees	134	173
Total income	215,699	(512,149)
General partner management fees	99,109	78,587
Advisor Management fees	34,642	29,472
Incentive fees	0	0
Professional fees	18,184	13,393
Administrative expenses	1,094	737
TOTAL EXPENSES	153,029	122,189
Net income	$ 62,670	$ (634,338)
Net income (loss) per unit of partner interest	$ 23.4	$ (208.96)

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2. Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

2. Summary of Significant Accounting Policies

Revenue Recognition

Commodity futures contracts, forward contracts, physical commodities, and related options are recorded on the trade-date basis and realized gains or losses are recognized when contracts are liquidated. All such transactions are recorded on the identified cost basis and marked to market daily. Unrealized gains or losses on open contracts (the difference between contract trade price and market price) are reported in the statement of financial condition as a net unrealized gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with the Financial Accounting Standards Board Interpretation No. 39 - “Offsetting of Amounts Related to Certain Contracts.” Any change in net unrealized gain or loss from the preceding period is reported in the statement of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices.

Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the Interbank market.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash equivalents represent short-term highly liquid investments with maturities of 90 days or less at the date of acquisition. The Partnership maintains deposits with high quality financial institutions in amounts that are in excess of federally insured limits; however, the Partnership does not believe it is exposed to any significant credit risk.

Redemptions Payable

Pursuant to the provisions of FASB ASC 480, Distinguishing Liabilities from Equity, redemptions approved by the General Partner prior to month end with a fixed effective date and fixed amount are recorded as redemptions payable as of month end.

Fair Value of Financial Instruments

The financial instruments held by the Company are reported in the statements of financial condition at fair value, or at carrying amounts that approximate fair value, due to their highly liquid nature and short-term maturity.

Foreign Currency Translation The Partnership’s functional currency is the U.S. dollar, however, it transacts business in currencies other than the U.S. dollar. Assets and liabilities denominated in foreign currencies are translated at the prevailing exchange rates as of the date of the statement of financial conditions. Gains and losses on investment activity are translated at the prevailing exchange rate on the date of each respective transaction while period end balances are translated at the period end currency rates. Realized and unrealized foreign exchange gains or losses are included in trading income or loss in the statements of operations.

Income Taxes

No provision for income taxes has been made in the accompanying financial statements as each partner is responsible for reporting income (loss) based upon the pro rata share of the profits or losses of the Partnership.

The Partnership files U.S. federal and state tax returns.

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8. Financial Highlights (Tables)

3 Months Ended

Mar. 31, 2015

Notes to Financial Statements

Return summary

The following financial highlights show the Partnership’s financial performance for the three months ended March 31, 2015 and March 31, 2014.

	March 31, 2015			March 31, 2014
	Class A			Class A
Total return before distributions*		0.92	%		-10.05	%
Ratio to average net assets:
Net investment Income (loss)**		-8.97	%		-8.16	%
Management fees		5.82	%		5.25	%
Incentive fees		0.00	%		0.00	%
Other expenses		3.16	%		2.92	%
Total expenses**		8.98	%		8.17	%

*Not annualized

**Annualized