Fair Value Measurements (Tables)

9 Months Ended

Sep. 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.

September 30, 2015	Level 1		Level 2		Level 3		Total
Assets
Investments in U.S. Treasury bills	$	-	$	27,950,479	$	-	$	27,950,479
Futures		5,256,807		-		-		5,256,807
Forwards		828,557		242,470		-		1,071,027
Total Assets		6,085,364		28,192,949		-		34,278,313
Liabilities
Futures		1,610,752		-		-		1,610,752
Forwards		1,039,692		321,853		-		1,361,545
Total Liabilities		2,650,444		321,853		-		2,972,297
*Net Fair Value	$	3,434,920	$	27,871,096	$	-	$	31,306,016
December 31, 2014	Level 1		Level 2		Level 3		Total
Assets
Futures	$	7,228,527	$	-	$	-	$	7,228,527
Forwards		1,699,736		646,289		-		2,346,025
Total Assets		8,928,263		646,289		-		9,574,552
Liabilities
Futures		1,519,724		-		-		1,519,724
Forwards		1,441,911		150,435		-		1,592,346
Total Liabilities		2,961,635		150,435		-		3,112,070
*Net Fair Value	$	5,966,628	$	495,854	$	-	$	6,462,482

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