Derivatives and Hedging (Tables)

6 Months Ended

Jun. 30, 2013

Derivatives and Hedging [Abstract]

Offsetting Of Derivative Assets And Liabilities

The following tables summarize the valuation of the Partnership’s investments as of June 30, 2013 and December 31, 2012, respectively.

Offsetting of Derivative Assets and Liabilities as of June 30, 2013:

	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Condition			Net Amounts Presented in the Statement of Financial Condition
		$		$			$
Assets
Futures		641,636		(1,847,841	)		(1,206,205	)
Forwards		420		(506,826	)		(506,406	)
Total Assets		642,056		(2,354,667	)		(1,712,611	)
Liabilities
Futures		8,625,575		(1,419,159	)		7,206,416
Forwards		553,332		(102,042	)		451,290
Total Liabilities		9,178,907		(1,521,201	)		7,657,706
Unrealized currency loss							(1,192,532	)
Total net unrealized gain on
open contracts							4,752,563

Offsetting of Derivative Assets and Liabilities as of December 31, 2012:

	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Condition			Net Amounts Presented in the Statement of Financial Condition
		$		$			$
Assets
Futures		4,891,012		(2,689,281	)		2,201,731
Forwards		353,745		(479,152	)		(125,407	)
Total Assets		5,244,757		(3,168,433	)		2,076,324
Liabilities
Futures		2,985,462		(1,480,054	)		1,505,408
Forwards		265,987		(92,500	)		173,487
Total Liabilities		3,251,449		(1,572,554	)		1,678,895
Unrealized currency loss							(1,203,865	)
Net unrealized gain on
open contracts							2,551,354

Schedule of Effect of Trading Activities on the Statements of Financial Condition

The Effect of Trading Activities on the Statements of Financial Condition as of June 30, 2013:

Futures and Forward Contracts	Long Unrealized Gain		Long Unrealized Loss			Short Unrealized Gain		Short Unrealized Loss			Net Unrealized  Gain/(Loss)			Average number of contracts outstanding for the six months (absolute quantity)
		$		$			$		$		$
Commodity		368,205		(854,248	)		5,588,283		(758,158	)		4,344,082			3,997
Equity		55,009		(440,919	)		129,025		(299,563	)		(556,448	)		1,852
Foreign currency		108,272		(824,334	)		1,064,870		(279,571	)		69,237			3,829
Interest rate		110,570		(235,166	)		2,396,729		(183,909	)		2,088,224			5,907
Total		642,056		(2,354,667	)		9,178,907		(1,521,201	)		5,945,095
Unrealized currency loss												(1,192,532	)
Net unrealized gain on open contracts												4,752,563

The Effect of Trading Activities on the Statements of Financial Condition as of December 31, 2012:

Futures and Forward Contracts	Long Unrealized Gain		Long Unrealized Loss			Short Unrealized Gain		Short Unrealized Loss			Net Unrealized  Gain/(Loss)			Average number of contracts outstanding for the year (absolute quantity)
		$		$			$		$		$
Commodity		763,693		(1,021,268	)		1,051,860		(1,134,848	)		(340,563	)		4,025
Equity		1,842,840		(517,175	)		–		(36,283	)		1,289,382			1,915
Foreign currency		1,878,922		(1,022,609	)		2,196,364		(253,560	)		2,799,117			5,689
Interest rate		759,302		(607,381	)		3,225		(147,863	)		7,283			9,810
Total		5,244,757		(3,168,433	)		3,251,449		(1,572,554	)		3,755,219
Unrealized currency loss												(1,203,865	)
Net unrealized gain on open contracts												2,551,354

Schedule of Effect of Trading Activities on the Statements of Income and Expenses

The Effect of Trading Activities on the Statements of Income and Expenses for the Three and Six Months Ended June 30, 2013 included in Total Trading Results:

	For the Three Months			For the Six Months
	Ended June 30, 2013			Ended June 30, 2013
Type of Instrument	$				$
Commodity		4,738,141			1,571,415
Equity		283,521			9,453,363
Foreign currency		(4,394,227	)		(1,415,311	)
Interest rate		(1,191,293	)		(1,912,407	)
Unrealized currency gain		1,338			11,333
Total		(562,520	)		7,708,393

Line Items on the Statements of Income and Expenses for the Three and Six Months Ended June 30, 2013:

	For the Three Months			For the Six Months
	Ended June 30, 2013			Ended June 30, 2013
Trading Results	$				$
Net realized		(3,371,881	)		5,507,184
Net change in unrealized		2,809,361			2,201,209
Total Trading Results		(562,520	)		7,708,393

The Effect of Trading Activities on the Statements of Income and Expenses for the Three and Six Months Ended June 30, 2012 included in Total Trading Results:

	For the Three Months			For the Six Months
	Ended June 30, 2012			Ended June 30, 2012
Type of Instrument	$				$
Commodity		(861,207	)		3,423,017
Equity		(8,143,567	)		3,061,766
Foreign currency		(1,014,291	)		(5,834,615	)
Interest rate		12,505,129			6,054,065
Unrealized currency gain		93,283			81,666
Total		2,579,347			6,785,899

Line Items on the Statements of Income and Expenses for the Three and Six Months Ended June 30, 2012:

	For the Three Months			For the Six Months
	Ended June 30, 2012			Ended June 30, 2012
Trading Results	$				$
Net realized		6,374,875			13,428,053
Net change in unrealized		(3,795,528	)		(6,642,154	)
Total Trading Results		2,579,347			6,785,899