XML 34 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivatives and Hedging (Tables)
 12 Months Ended
Dec. 31, 2012
Derivative Instruments and Hedging Activities, Disclosures [Line Items]  
Schedule of Effect of Trading Activities on the Statements of Financial Condition
The Effect of Trading Activities on the Statements of Financial Condition as of December 31, 2012 and 2011:

December 31, 2012

Futures and Forward Contracts
 
Long
Unrealized
Gain
 
 
Long
Unrealized
Loss
 
 
Short
Unrealized
Gain
 
 
Short
Unrealized
Loss
 
 
Net
Unrealized
Gain/(Loss)
 
 
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
 
$
 
 
$
 
 
$
 
 
$
 
 
$
 
 
 
 
 
Commodity
 
 
101,521
 
 
 
(62,923
)
 
 
147,045
 
 
 
(47,790
)
 
 
137,853
 
 
 
531
 
Equity
 
 
378,456
 
 
 
(157,913
)
 
 
–
 
 
 
(12,055
)
 
 
208,488
 
 
 
464
 
Foreign currency
 
 
142,465
 
 
 
(206,669
)
 
 
1,037,514
 
 
 
(68,152
)
 
 
905,158
 
 
 
4,815
 
Interest rate
 
 
172,068
 
 
 
(66,131
)
 
 
115
 
 
 
(73,372
)
 
 
32,680
 
 
 
2,003
 
Total
 
 
794,510
 
 
 
(493,636
)
 
 
1,184,674
 
 
 
(201,369
)
 
 
1,284,179
 
 
 
 
 
Unrealized currency loss
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2,389,680
)
 
 
 
 
Total net unrealized loss on open contracts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1,105,501
)
 
 
 
 

December 31, 2011

Futures and Forward Contracts
 
Long
Unrealized
Gain
 
 
Long
Unrealized
Loss
 
 
Short
Unrealized
Gain
 
 
Short
Unrealized
Loss
 
 
Net
Unrealized
Gain/(Loss)
 
 
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
 
$
 
 
$
 
 
$
 
 
$
 
 
$
 
 
 
 
 
Commodity
 
 
27,760
 
 
 
(35,100
)
 
 
554,382
 
 
 
(553,530
)
 
 
(6,488
)
 
 
530
 
Equity
 
 
153,472
 
 
 
(2,078
)
 
 
75,465
 
 
 
(5,440
)
 
 
221,419
 
 
 
383
 
Foreign currency
 
 
183,838
 
 
 
(32,663
)
 
 
1,202,671
 
 
 
(23,414
)
 
 
1,330,432
 
 
 
7,864
 
Interest rate
 
 
1,031,489
 
 
 
(86,417
)
 
 
13,978
 
 
 
(21,713
)
 
 
937,337
 
 
 
2,111
 
Total
 
 
1,396,559
 
 
 
(156,258
)
 
 
1,846,496
 
 
 
(604,097
)
 
 
2,482,700
 
 
 
 
 
Unrealized currency loss
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2,392,751
)
 
 
 
 
Total net unrealized gain on open contracts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
89,949
 
 
 
 
 

 
 
 
 
 
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
Option Contracts at Fair Value
 
 
 
 
 
$
 
 
 
 
 
Options purchased
 
 
–
 
 
 
2
 
Options written
 
 
–
 
 
 
1
 
Schedule of Effect of Trading Activities on the Statements of Income and Expenses
The Effect of Trading Activities on the Statements of Income and Expenses for the years ended December 31, 2012, 2011, and 2010, included in Total Trading Results:

   
December 31,
 
   
2012
  
2011
  
2010
 
Type of Instrument
 $  $  $ 
Commodity
  (78,186)  (4,324,493)  2,623,618 
Equity
  1,698,887   (5,133,663)  (2,142,624)
Foreign currency
  588,805   (2,468,048)  2,490,889 
Interest rate
  2,058,201   12,229,439   9,927,453 
Unrealized currency gain (loss)
  3,072   (24,198)  (74,383)
Proceeds from Litigation
  –   80   6,177 
Total
  4,270,779   279,117   12,831,130 

Line Items on the Statements of Income and Expenses for the years ended December 31, 2012, 2011, and 2010:

   
December 31,
 
   
2012
  
2011
  
2010
 
Trading Results
 $  $  $ 
Net realized
  5,466,229   320,492   9,247,401 
Net change in unrealized
  (1,195,450)  (41,455)  3,577,552 
Proceeds from Litigation
  –   80   6,177 
Total Trading Results
  4,270,779   279,117   12,831,130 
Morgan Stanley Smith Barney Charter Aspect L.P. [Member]
  
Derivative Instruments and Hedging Activities, Disclosures [Line Items]  
Schedule of Effect of Trading Activities on the Statements of Financial Condition
The Effect of Trading Activities on the Statements of Financial Condition as of December 31, 2012 and 2011:

December 31, 2012

Futures and Forward Contracts
 
Long
Unrealized
Gain
 
 
Long
Unrealized
Loss
 
 
Short
Unrealized
Gain
 
 
Short
Unrealized
Loss
 
 
Net
Unrealized
Gain/(Loss)
 
 
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
 
$
 
 
$
 
 
$
 
 
$
 
 
$
 
 
 
 
 
Commodity
 
 
146,738
 
 
 
(309,360
)
 
 
497,636
 
 
 
(366,534
)
 
 
(31,520
)
 
 
858
 
Equity
 
 
731,889
 
 
 
(35,125
)
 
 
–
 
 
 
(7,075
)
 
 
689,689
 
 
 
592
 
Foreign currency
 
 
215,614
 
 
 
(357,045
)
 
 
448,109
 
 
 
(187,096
)
 
 
119,582
 
 
 
936
 
Interest rate
 
 
410,678
 
 
 
(367,000
)
 
 
1,320
 
 
 
(8,248
)
 
 
36,750
 
 
 
2,731
 
Total
 
 
1,504,919
 
 
 
(1,068,530
)
 
 
947,065
 
 
 
(568,953
)
 
 
814,501
 
 
 
 
 
Unrealized currency gain
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
802,973
 
 
 
 
 
Total net unrealized gain on open contracts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,617,474
 
 
 
 
 

December 31, 2011

Futures and Forward Contracts
 
Long
Unrealized
Gain
 
 
Long
Unrealized
Loss
 
 
Short
Unrealized
Gain
 
 
Short
Unrealized
Loss
 
 
Net
Unrealized
Gain
 
 
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
 
$
 
 
$
 
 
$
 
 
$
 
 
$
 
 
 
 
 
Commodity
 
 
85,884
 
 
 
(342,624
)
 
 
976,621
 
 
 
(401,199
)
 
 
318,682
 
 
 
673
 
Equity
 
 
59,202
 
 
 
(15,408
)
 
 
183,235
 
 
 
(23,702
)
 
 
203,327
 
 
 
407
 
Foreign currency
 
 
59,707
 
 
 
(3,322
)
 
 
175,112
 
 
 
(141,973
)
 
 
89,524
 
 
 
974
 
Interest rate
 
 
1,708,363
 
 
 
(185,840
)
 
 
–
 
 
 
(6,585
)
 
 
1,515,938
 
 
 
3,152
 
Total
 
 
1,913,156
 
 
 
(547,194
)
 
 
1,334,968
 
 
 
(573,459
)
 
 
2,127,471
 
 
 
 
 
Unrealized currency gain
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
848,606
 
 
 
 
 
Total net unrealized gain on open contracts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2,976,077
 
 
 
 
 
Schedule of Effect of Trading Activities on the Statements of Income and Expenses
The Effect of Trading Activities on the Statements of Income and Expenses for the years ended December 31, 2012, 2011, and 2010, included in Total Trading Results:

   
December 31,
 
   
2012
  
2011
  
2010
 
Type of Instrument
 $  $  $ 
Commodity
  (4,929,264)  (2,318,060)  1,170,080 
Equity
  (2,163,493)  (2,222,271)  (2,549,288)
Foreign currency
  (1,694,971)  (280,415)  4,924,389 
Interest rate
  3,085,699   13,845,290   15,903,498 
Unrealized currency gain (loss)
  (45,631)  139,004   67,332 
Proceeds from Litigation
  –   –   40,052 
Total
  (5,747,660)  9,163,548   19,556,063 

Line Items on the Statements of Income and Expenses for the years ended December 31, 2012, 2011, and 2010:

   
December 31,
 
   
2012
  
2011
  
2010
 
Trading Results
 $  $  $ 
Net realized
  (4,389,057)  12,254,509   13,688,766 
Net change in unrealized
  (1,358,603)  (3,090,961)  5,827,245 
Proceeds from Litigation
  –   –   40,052 
Total Trading Results
  (5,747,660)  9,163,548   19,556,063 
Morgan Stanley Smith Barney Charter WNT L.P. [Member]
  
Derivative Instruments and Hedging Activities, Disclosures [Line Items]  
Schedule of Effect of Trading Activities on the Statements of Financial Condition
The Effect of Trading Activities on the Statements of Financial Condition as of December 31, 2012 and 2011:

December 31, 2012

Futures and Forward Contracts
 
Long
Unrealized
Gain
 
 
Long
Unrealized
Loss
 
 
Short
Unrealized
Gain
 
 
Short
Unrealized
Loss
 
 
Net
Unrealized
Gain/(Loss)
 
 
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
 
 
 
 
$
 
 
$
 
 
$
 
 
$
 
 
 
 
 
Commodity
 
 
31,952
 
 
 
(333,393
)
 
 
76,513
 
 
 
(259,084
)
 
 
(484,012
)
 
 
523
 
Equity
 
 
428,624
 
 
 
(226,638
)
 
 
–
 
 
 
(1,063
)
 
 
200,923
 
 
 
445
 
Foreign currency
 
 
260,280
 
 
 
(213,183
)
 
 
821,252
 
 
 
(41,892
)
 
 
826,457
 
 
 
736
 
Interest rate
 
 
359,182
 
 
 
(166,099
)
 
 
100
 
 
 
(5,648
)
 
 
187,535
 
 
 
2,409
 
Total
 
 
1,080,038
 
 
 
(939,313
)
 
 
897,865
 
 
 
(307,687
)
 
 
730,903
 
 
 
 
 
Unrealized currency loss
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(43,191
)
 
 
 
 
Total net unrealized gain on open contracts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
687,712
 
 
 
 
 

 
 
 
 
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
Option Contracts at Fair Value
 
 
 
 
 
$
 
 
 
 
 
Options purchased
 
 
–
 
 
 
7
 
Options written
 
 
–
 
 
 
7
 

December 31, 2011

Futures and Forward Contracts
 
 
 
 
Long
Unrealized
Gain
 
 
 
 
 
Long
Unrealized
Loss
 
 
 
 
 
Short
Unrealized
Gain
 
 
 
 
 
Short
Unrealized
Loss
 
 
 
 
 
Net
Unrealized
Gain/(Loss)
 
 
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
 
$
 
 
$
 
 
$
 
 
$
 
 
$
 
 
 
 
 
Commodity
 
 
53,417
 
 
 
(311,649
)
 
 
393,065
 
 
 
(290,803
)
 
 
(155,970
)
 
 
382
 
Equity
 
 
66,968
 
 
 
(853
)
 
 
24,716
 
 
 
(23,666
)
 
 
67,165
 
 
 
221
 
Foreign currency
 
 
207,275
 
 
 
(4,171
)
 
 
595,829
 
 
 
(37,164
)
 
 
761,769
 
 
 
405
 
Interest rate
 
 
908,073
 
 
 
(52,740
)
 
 
4,925
 
 
 
(6,788
)
 
 
853,470
 
 
 
1,128
 
Total
 
 
1,235,733
 
 
 
(369,413
)
 
 
1,018,535
 
 
 
(358,421
)
 
 
1,526,434
 
 
 
 
 
Unrealized currency loss
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(49,877
)
 
 
 
 
Total net unrealized gain on open contracts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,476,557
 
 
 
 
 

 
 
 
 
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
Option Contracts at Fair Value
 
 
 
 
 
$
 
 
 
 
 
Options purchased
 
 
1,720
 
 
 
6
 
Options written
 
 
(3,973
)
 
 
6
 
Schedule of Effect of Trading Activities on the Statements of Income and Expenses
The Effect of Trading Activities on the Statements of Income and Expenses for the years ended December 31, 2012, 2011, and 2010, included in Total Trading Results:
 
   
December 31,
 
   
2012
  
2011
  
2010
 
Type of Instrument
 $  $  $ 
Commodity
  (4,329,868)  1,377,994   2,629,176 
Equity
  465,473   (1,384,478)  (745,185)
Foreign currency
  (2,691,759)  167,453   3,756,154 
Interest rate
  4,629,105   6,968,653   8,508,553 
Unrealized currency gain (loss)
  6,686   (37,121)  1,756 
Proceeds from Litigation
  –   –   40,150 
Total
  (1,920,363)  7,092,501   14,190,604 

Line Items on the Statements of Income and Expenses for the years ended December 31, 2012, 2011, and 2010:

   
December 31,
 
   
2012
  
2011
  
2010
 
Trading Results
 $  $  $ 
Net realized
  (1,128,261)  8,058,605   12,177,274 
Net change in unrealized
  (792,102)  (966,104)  1,973,180 
Proceeds from Litigation
  –   –   40,150 
Total Trading Results
  (1,920,363)  7,092,501   14,190,604