XML 31 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financial Highlights
12 Months Ended
Dec. 31, 2012
Financial Highlights
6. Financial Highlights:

Changes in the net asset value per unit for the years ended December 31, 2012, 2011 and 2010 were as follows:

 

     2012     2011     2010  

Net realized and unrealized gains (losses)*

   $ (40.00   $ 564.90      $ (606.96

Interest income allocated from Master

     4.20        2.32        6.76   

Expenses and allocation to Special Limited Partner**

     (217.03     (215.14     (224.08
  

 

 

   

 

 

   

 

 

 

Increase (decrease) for the year

     (252.83     352.08        (824.28

Net asset value per unit, beginning of year

     10,524.14        10,172.06        10,996.34   
  

 

 

   

 

 

   

 

 

 

Net asset value per unit, end of year

  

$

10,271.31

  

  $ 10,524.14      $ 10,172.06   
  

 

 

   

 

 

   

 

 

 

 

* Includes brokerage commissions and clearing fees allocated from Master.

 

** Excludes brokerage commissions, clearing fees allocated from Master and includes allocation to Special Limited Partner.

 

          2012               2011               2010***       

Ratios to average net assets:

      

Net investment income (loss)

     (3.8 )%      (3.4 )%      (3.7 )% 

Allocation to Special Limited Partner

            
  

 

 

   

 

 

   

 

 

 

Net investment income (loss) before allocation to Special Limited Partner****

     (3.8 )%      (3.4 )%      (3.7 )% 
  

 

 

   

 

 

   

 

 

 

Operating expenses

     3.8     3.4     3.7

Allocation to Special Limited Partner

            
  

 

 

   

 

 

   

 

 

 

Total expenses and allocation to Special Limited Partner

     3.8     3.4     3.7
  

 

 

   

 

 

   

 

 

 

Total return:

      

Total return before allocation to Special Limited Partner

     (2.4 )%      3.5     (7.5 )% 

Allocation to Special Limited Partner

            
  

 

 

   

 

 

   

 

 

 

Total return after allocation to Special Limited Partner

     (2.4 )%      3.5     (7.5 )% 
  

 

 

   

 

 

   

 

 

 

 

*** The ratios are shown net and gross of allocation to Special Limited Partner to conform to current year presentation.
**** Interest income allocated from Master less total expenses.

The above ratios may vary for individual investors based on the timing of capital transactions during the year. Additionally, these ratios are calculated for the limited partner class using the limited partners’ share of income, expenses and average net assets.