6. Related Party Transactions

3 Months Ended

Mar. 31, 2013

Notes

6. Related Party Transactions

6.  Related Party Transactions

The Fund pays commissions to the Corporate General Partner and FIC, the introducing broker.  These related parties are 100% and 50%, respectively, owned by Michael Pacult. The Fund shares operating expenses with FIC. Related party transactions were as follows:

Commissions included in expenses:
	For The Three Months Ended March 31,
	2013	2012
Corporate General Partner	$ 61,355	$ 53,586
FIC	40,819	83,931
Commissions included in accrued expenses:
	March 31,	December 31,
	2013	2012
Corporate General Partner	$ 12,883	$ 15,947
FIC	20,458	5,646
Accrued operating expenses shared with related party:
	March 31,	December 31,
	2013	2012
FIC	$ -	$ 1,641

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.