Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

Morgan Stanley Smith Barney Spectrum Select L.P. [Member]

Summary of Assets and Liabilities Measured at Fair Value

The following tables present information about Spectrum Select’s and Spectrum Technical’s assets and liabilities measured at fair value as of December 31, 2016 and 2015:

  Spectrum Select

December 31, 2016	Total		Level 1		Level 2		Level 3
Assets
U.S. Treasury bills	$	12,994,751	$	-	$	12,994,751	$	-
Futures		2,203,401		2,203,401		-		-
Forwards		1,069,028		370,551		698,477		-
Total assets	$	16,267,180	$	2,573,952	$	13,693,228	$	-
Liabilities
Futures	$	827,990	$	827,990	$	-	$	-
Forwards		1,116,899		534,709		582,190		-
Total liabilities	$	1,944,889	$	1,362,699	$	582,190	$	-
December 31, 2015	Total		Level 1		Level 2		Level 3
Assets
U.S. Treasury bills	$	55,493,206	$	-	$	55,493,206	$	-
Futures		3,831,162		3,831,162		-		-
Forwards		1,168,919		740,942		427,977		-
Total assets	$	60,493,287	$	4,572,104	$	55,921,183	$	-
Liabilities
Futures	$	2,431,726	$	2,431,726	$	-	$	-
Forwards		1,125,088		954,788		170,300		-
Total liabilities	$	3,556,814	$	3,386,514	$	170,300	$	-

Morgan Stanley Smith Barney Spectrum Technical L.P. [Member]

Summary of Assets and Liabilities Measured at Fair Value

Spectrum Technical

December 31, 2016	Total		Level 1		Level 2		Level 3
Assets
Futures	$	1,051,049	$	1,051,049	$	-	$	-
Forwards		665,811		58,919		606,892		-
Total assets	$	1,716,860	$	1,109,968	$	606,892	$	-
Liabilities
Futures	$	756,615	$	756,615	$	-	$	-
Forwards		730,361		293,032		437,329		-
Total liabilities	$	1,486,976	$	1,049,647	$	437,329	$	-
December 31, 2015	Total		Level 1		Level 2		Level 3
Assets
U.S. Treasury bills	$	21,747,370	$	-	$	21,747,370	$	-
Futures		1,246,261		1,246,261		-		-
Forwards		1,901,957		156,179		1,745,778		-
Total assets	$	24,895,588	$	1,402,440	$	23,493,148	$	-
Liabilities
Futures	$	1,548,907	$	1,548,907	$	-	$	-
Forwards		1,988,889		366,155		1,622,734		-
Total liabilities	$	3,537,796	$	1,915,062	$	1,622,734	$	-