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Note 6: Related Party Transactions
12 Months Ended
Dec. 31, 2011
Related Party Disclosures:  
Related Party Transactions Disclosure

6.  Related Party Transactions

The Fund pays commissions to the Corporate General Partner and Futures Investment Company, the introducing broker.  These related parties are 100% and 50%, respectively, owned by Michael Pacult.  Related party commissions were as follows:

Commissions included in expenses:

For The Years Ended December 31,

2011

2010

2009

Corporate General Partner

 $             352,405

 $             470,434

 $             766,090

Futures Investment Company

                560,082

                792,054

             1,251,360

Total related party commissions

 $             912,487

 $          1,262,488

 $          2,017,450

Operating expenses included in expenses:

December 31,

2011

Futures Investment Company

 $                 5,618

Total related party operating expenses

 $                 5,618

Commissions included in accrued expenses:

December 31,

December 31,

2011

2010

Corporate General Partner

 $                 4,144

 $                 6,173

Futures Investment Company

                     6,425

                  30,118

Total accrued commissions payable to related parties

 $               10,569

 $               36,291

In the normal course of business, the Fund has provided general indemnifications to the General Partner, its CTA and others when they act, in good faith, in the best interests of the Fund. The Fund is unable to develop an estimate for future payments resulting from hypothetical claims, but expects the risk of having to make any payments under these indemnifications to be remote.