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Note 6: Related Party Transactions
3 Months Ended
Sep. 30, 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 Nine Months Ended September 30,

2011

2010

Corporate General Partner

 $             283,888

 $             362,064

Futures Investment Company

                446,300

                607,025

Total related party expenses

 $             730,188

 $             969,089

Commissions included in accrued expenses:

September 30,

December 31,

2011

2010

Corporate General Partner

 $                     942

 $                 6,173

Futures Investment Company

                     5,281

                  30,118

Total accrued commissions payable to related parties

 $                 6,223

 $               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.