Fair Value Measurements and Disclosures (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Measurements and 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.

June 30, 2012	Unadjusted Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
	$			$			$		$
Assets
Futures		646,738			-			n/a		646,738
Total Assets		646,738			-			n/a		646,738
Liabilities
Futures		1,334,476			-			n/a		1,334,476
Forwards		-			925,341			n/a		925,341
Total Liabilities		1,334,476			925,341			n/a		2,259,817
Unrealized currency loss										(2,404,698	)
*Net fair value		(687,738	)		(925,341	)		n/a		(4,017,777	)

December 31, 2011	Unadjusted Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	$		$		$		$
Assets
Futures		1,856,568		-		n/a		1,856,568
Forwards		-		1,386,487		n/a		1,386,487
Total Assets		1,856,568		1,386,487		n/a		3,243,055
Liabilities
Futures		704,278		-		n/a		704,278
Forwards		-		56,077		n/a		56,077
Total Liabilities		704,278		56,077		n/a		760,355
Unrealized currency loss								(2,392,751	)
*Net fair value		1,152,290		1,330,410		n/a		89,949

* This amount comprises the "Total net unrealized gain (loss) on open contracts" on the Statements of Financial Condition.