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Financial Highlights (Tables)
6 Months Ended
Jun. 30, 2017
Text Block [Abstract]  
Financial Highlights

Financial highlights for the limited partner class as a whole for the three and six months ended June 30, 2017 and 2016 were as follows:

 

                                                                           
     For the Three Months Ended      For the Six Months Ended  
     June 30,      June 30,  
     2017      2016      2017      2016  

Per Unit Performance (for a unit outstanding throughout the period): *

           

Net realized and unrealized gains (losses)

     $ (0.68)         $ (0.14)         $ (0.96)         $ (0.48)   

Net investment loss

     (0.29)         (0.36)         (0.60)         (0.74)   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) for the period

     (0.97)         (0.50)         (1.56)         (1.22)   

Net asset value per Unit, beginning of period

     22.95          27.21          23.54          27.93    
  

 

 

    

 

 

    

 

 

    

 

 

 

Net asset value per Unit, end of period

     $         21.98          $         26.71          $         21.98          $         26.71    
  

 

 

    

 

 

    

 

 

    

 

 

 
     For the Three Months Ended      For the Six Months Ended  
     June 30,      June 30,  
     2017      2016      2017      2016  

Ratios to Average Limited Partners’ Capital: **

           

Net investment loss ***

     (5.2)%         (5.4)%         (5.3)%         (5.5)%   
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating expenses before incentive fees

     5.8%         5.6%         5.8%         5.6%   

Incentive fees

     - %         - %         - %         - %   
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating expenses after incentive fees

     5.8%         5.6%         5.8%         5.6%   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total return:

           

Total return before incentive fees

     (4.2)%         (1.8)%         (6.6)%         (4.4)%   

Incentive fees

     - %         - %         - %         - %   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total return after incentive fees

     (4.2)%         (1.8)%         (6.6)%         (4.4)%   
  

 

 

    

 

 

    

 

 

    

 

 

 

*       Net investment loss per Unit is calculated by dividing the interest income less total expenses by the average number of Units outstanding during the period. The net realized and unrealized gains (losses) per Unit is a balancing amount necessary to reconcile the change in net asset value per Unit with the other per unit information.

**     Annualized (except for incentive fees, if applicable).

***   Interest income less total expenses.