Fair Value Measurements and Disclosures (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Measurements and Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The Partnership's assets and liabilities measured at fair value on a recurring basis are summarized in the following tables by the type of inputs applicable to the fair value measurements.

June 30, 2012	Unadjusted Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
		$		$			$		$
Assets
Futures		6,531,804		-			n/a		6,531,804
Forwards		-		286,672			n/a		286,672
Total Assets		6,531,804		286,672			n/a		6,818,476
Liabilities
Futures		5,131,878		-			n/a		5,131,878
Forwards		-		704,930			n/a		704,930
Total Liabilities		5,131,878		704,930			n/a		5,836,808
Unrealized currency loss									(1,221,923	)
*Net fair value		1,399,926		(418,258	)		n/a		(240,255	)

December 31, 2011	Unadjusted Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
		$		$		$		$
Assets
Futures		11,006,486		-		n/a		11,006,486
Forwards		-		729,350		n/a		729,350
Total Assets		11,006,486		729,350		n/a		11,735,836
Liabilities
Futures		3,707,388		-		n/a		3,707,388
Forwards		-		322,961		n/a		322,961
Total Liabilities		3,707,388		322,961		n/a		4,030,349
Unrealized currency loss								(1,303,588	)
*Net fair value		7,299,098		406,389		n/a		6,401,899

* This amount comprises the "Total net unrealized gain (loss) on open contracts" on the Statements of Financial Condition.