Fair Value Measurements and Disclosures (Tables)

6 Months Ended

Jun. 30, 2013

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, 2013	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		9,267,211		–			n/a		9,267,211
Forwards		–		553,752			n/a		553,752
Total Assets		9,267,211		553,752			n/a		9,820,963
Liabilities
Futures		3,267,000		–			n/a		3,267,000
Forwards		–		608,868			n/a		608,868
Total Liabilities		3,267,000		608,868			n/a		3,875,868
Unrealized currency loss									(1,192,532	)
									*
* Net fair value		6,000,211		(55,116	)		n/a		4,752,563

December 31, 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		7,876,474		–		n/a		7,876,474
Forwards		–		619,732		n/a		619,732
Total Assets		7,876,474		619,732		n/a		8,496,206
Liabilities
Futures		4,169,335		–		n/a		4,169,335
Forwards		–		571,652		n/a		571,652
Total Liabilities		4,169,335		571,652		n/a		4,740,987
Unrealized currency loss								(1,203,865	)
* Net fair value		3,707,139		48,080		n/a		2,551,354

* This amount comprises the “Net unrealized gain on open contracts” on the Statements of Financial Condition.