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STATEMENTS OF FINANCIAL CONDITION (Unaudited) (USD $)
Jun. 30, 2011
Dec. 31, 2010
Trading Equity:    
Unrestricted cash $ 40,720,903 $ 47,835,799
Restricted cash 462,289 88,858
Total cash 41,183,192 47,924,657
Net unrealized gain (loss) on open contracts (MS&Co.) (26,609) 1,118,436
Options purchased (premiums paid $54,457 and $2,239, respectively) 24,963 4,459
Total Trading Equity 41,181,546 49,047,552
Interest receivable (MSSB) 382 3,168
Total Assets 41,181,928 49,050,720
Liabilities:    
Redemptions payable 688,810 765,167
Accrued brokerage fees (MS&Co.) 157,983 183,824
Accrued management fees 68,688 79,923
Options written (premiums received $62,557 and $0, respectively) 24,963 0
Total Liabilities 940,444 1,028,914
Partners' Capital:    
Limited Partners (4,502,441.572 and 4,966,477.604 Units, respectively) 39,813,147 47,504,374
General Partner (48,440.343 and 54,096.343 Units, respectively) 428,337 517,432
Total Partners' Capital 40,241,484 48,021,806
Total Liabilities and Partners' Capital $ 41,181,928 $ 49,050,720
NET ASSET VALUE PER UNIT (in dollars per unit) $ 8.84 $ 9.57