Fair Value Measurements and Disclosures (Tables)

9 Months Ended

Sep. 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.

September 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		6,191,960		–		n/a		6,191,960
Forwards		–		827,590		n/a		827,590
Total Assets		6,191,960		827,590		n/a		7,019,550
Liabilities
Futures		5,725,222		–		n/a		5,725,222
Forwards		–		492,410		n/a		492,410
Total Liabilities		5,725,222		492,410		n/a		6,217,632
Unrealized currency loss								(624,412	)
*Net fair value		466,738		335,180		n/a		177,506

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.