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Derivatives and Hedging (Tables)
 9 Months Ended
Sep. 30, 2014
Derivatives and Hedging [Abstract]  
Offsetting of Derivative Assets and Liabilities
The following tables summarize the valuation of the Partnership’s investments as of September 30, 2014 and December 31, 2013, respectively.
 
Offsetting of Derivative Assets and Liabilities as of September 30, 2014:

  
Gross Amounts
Recognized
  
Gross Amounts
Offset in the
Statements of
Financial
Condition
  
Net Amounts
Presented in the
Statements of
Financial
Condition
 
  
$
  
$
  
$
 
Assets
            
Futures
  
8,325,940
   
(1,457,292
)
  
6,868,648
 
Forwards
  
4,354,204
   
(3,113,482
)
  
1,240,722
 
             
Total Assets
  
12,680,144
   
(4,570,774
)
  
8,109,370
 
             
Liabilities
            
Futures
  
(1,457,292
)
  
1,457,292
   
–
 
Forwards
  
(3,113,482
)
  
3,113,482
   
–
 
             
Total Liabilities
  
(4,570,774
)
  
4,570,774
   
–
 
             
Unrealized currency loss
          
(717,886
)
             
Total net unrealized gain on open contracts
          
7,391,484
 

Offsetting of Derivative Assets and Liabilities as of December 31, 2013:

  
Gross Amounts
Recognized
  
Gross Amounts
Offset in the
Statements of
Financial
Condition
  
Net Amounts
Presented in the
Statements of
Financial
Condition
 
  
$
  
$
  
$
 
Assets
            
Futures
  
9,894,085
   
(3,011,012
)
  
6,883,073
 
Forwards
  
528,063
   
(69,127
)
  
458,936
 
             
Total Assets
  
10,422,148
   
(3,080,139
)
  
7,342,009
 
             
Liabilities
            
Futures
  
(3,011,012
)
  
3,011,012
   
–
 
Forwards
  
(69,127
)
  
69,127
   
–
 
             
Total Liabilities
  
(3,080,139
)
  
3,080,139
   
–
 
             
Unrealized currency loss
          
(689,577
)
             
Net unrealized gain on open contracts
          
6,652,432
 
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 September 30, 2014:

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 nine
months
(absolute
quantity)
 
  
$
  
$
  
$
  
$
  
$
    
                       
Commodity
  
286,131
   
(2,359,874
)
  
7,003,676
   
(335,500
)
  
4,594,433
   
4,495
 
Equity
  
527,726
   
(595,758
)
  
102,085
   
(7,838
)
  
26,215
   
1,243
 
Foreign currency
  
501,286
   
(973,183
)
  
3,401,358
   
(113,388
)
  
2,816,073
   
1,928
 
Interest rate
  
820,493
   
(166,179
)
  
37,389
   
(19,054
)
  
672,649
   
4,651
 
Total
  
2,135,636
   
(4,094,994
)
  
10,544,508
   
(475,780
)
  
8,109,370
     
                         
Unrealized currency loss
                  
(717,886
)
    
Net unrealized gain on open contracts
                  
7,391,484
     
 
The effect of Trading Activities on the Statements of Financial Condition as of December 31, 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 year
(absolute
quantity)
 
  
$
   
$
   
$
   
$
   
  $  
                       
Commodity
  
561,914
   
(1,776,263
)
  
2,430,029
   
(322,157
)
  
893,523
   
4,153
 
Equity
  
3,462,235
   
–
   
36,105
   
(3,696
)
  
3,494,644
   
1,717
 
Foreign currency
  
1,474,046
   
(124,132
)
  
986,884
   
(59,129
)
  
2,277,669
   
3,214
 
Interest rate
  
61,862
   
(636,034
)
  
1,409,073
   
(158,728
)
  
676,173
   
5,741
 
Total
  
5,560,057
   
(2,536,429
)
  
4,862,091
   
(543,710
)
  
7,342,009
     
                         
Unrealized currency loss
                  
(689,577
)
    
Net unrealized gain on open contracts
                  
6,652,432
     
 
    
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
Option Contracts at Fair Value
$   
  
    
Options purchased
  
–
   
3
 
Options written
  
–
   
2
 
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 Nine Months Ended September 30, 2014 included in Total Trading Results:

  
For the Three Months
  
For the Nine Months
 
  
Ended September 30, 2014
  
Ended September 30, 2014
 
Type of Instrument
 
$
   
$
  
         
Commodity
  
4,004,766
   
4,169,820
 
Equity
  
13,041
   
(1,899,782
)
Foreign currency
  
4,567,296
   
1,555,532
 
Interest rate
  
1,113,909
   
2,536,244
 
Unrealized currency loss
  
(58,636
)
  
(28,311
)
Total
  
9,640,376
   
6,333,503
 
 
Line items on the Statements of Income and Expenses for the Three and Nine Months Ended September 30, 2014:
 
  
For the Three Months
  
For the Nine Months
 
  
Ended September 30, 2014
  
Ended September 30, 2014
 
Trading Results
 
$
   
$
  
         
Net realized
  
8,004,639
   
5,594,451
 
Net change in unrealized
  
1,635,737
   
739,052
 
Total Trading Results
  
9,640,376
   
6,333,503
 
The effect of Trading Activities on the Statements of Income and Expenses for the Three and Nine Months Ended September 30, 2013 included in Total Trading Results:

  
For the Three Months
  
For the Nine Months
 
  
Ended September 30, 2013
  
Ended September 30, 2013
 
Type of Instrument
 
$
   
$
  
         
Commodity
  
(7,566,747
)
  
(5,995,332
)
Equity
  
858,668
   
10,312,031
 
Foreign currency
  
(953,057
)
  
(2,368,368
)
Interest rate
  
(1,263,761
)
  
(3,176,168
)
Unrealized currency gain
  
568,120
   
579,453
 
Total
  
(8.356,777
)
  
(648,384
)
 
Line items on the Statements of Income and Expenses for the Three and Nine Months Ended September 30, 2013:
 
  
For the Three Months
  
For the Nine Months
 
  
Ended September 30, 2013
  
Ended September 30, 2013
 
Trading Results
 
$
   
$
  
         
Net realized
  
(3,781,720
)
  
1,725,464
 
Net change in unrealized
  
(4,575,057
)
  
(2,373,848
)
Total Trading Results
  
(8,356,777
)
  
(648,384
)