Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value 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, 2015	(Level 1)			(Level 2)		(Level 3)		Total
	$			$		$		$
Assets
Investments in U.S. Treasury bills		—			77,949,255		n/a		77,949,255
Futures		3,530,627			—		n/a		3,530,627
Forwards		1,719,997			461,288		n/a		2,181,285
Total Assets		5,250,624			78,410,543		n/a		83,661,167
Liabilities
Futures		5,123,351			—		n/a		5,123,351
Forwards		2,640,308			329,741		n/a		2,970,049
Total Liabilities		7,763,659			329,741		n/a		8,093,400
Unrealized currency loss									(776,400	)
*Net fair value		(2,513,035	)		78,080,802		n/a		74,791,367
December 31, 2014	(Level 1)			(Level 2)		(Level 3)		Total
	$			$		$		$
Assets
Futures		7,228,527			—		n/a		7,228,527
Forwards		1,699,736			646,289		n/a		2,346,025
Total Assets		8,928,263			646,289		n/a		9,574,552
Liabilities
Futures		1,519,724			—		n/a		1,519,724
Forwards		1,441,911			150,435		n/a		1,592,346
Total Liabilities		2,961,635			150,435		n/a		3,112,070
Unrealized currency loss									(669,947	)
*Net fair value		5,966,628			495,854		n/a		5,792,535

* This amount comprises the “Net unrealized gain (loss) on open contracts” and “Investment in U.S. Treasury bills” on the Statements of Financial Condition.