Fair Value Measurements and Disclosures (Tables)

6 Months Ended

Jun. 30, 2014

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, 2014	Unadjusted Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)			Total
		$		$		$			$
Assets
Futures		8,291,961		–		n/	a		8,291,961
Forwards		1,389,536		626,514		n/	a		2,016,050
Total Assets		9,681,497		626,514		n/	a		10,308,011
Liabilities
Futures		2,173,996		–		n/	a		2,173,996
Forwards		1,437,694		281,324		n/	a		1,719,018
Total Liabilities		3,611,690		281,324		n/	a		3,893,014
Unrealized currency loss									(659,250	)
*Net fair value		6,069,807		345,190		n/	a		5,755,747

December 31, 2013	Unadjusted Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)			Total
		$		$		$			$
Assets
Futures		9,894,085		–		n/	a		9,894,085
Forwards		–		528,063		n/	a		528,063
Total Assets		9,894,085		528,063		n/	a		10,422,148
Liabilities
Futures		3,011,012		–		n/	a		3,011,012
Forwards		–		69,127		n/	a		69,127
Total Liabilities		3,011,012		69,127		n/	a		3,080,139
Unrealized currency loss									(689,577	)
*Net fair value		6,883,073		458,936		n/	a		6,652,432

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