Fair Value Measurements and Disclosures (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Measurements and Disclosures, Disclosure [Line Items]

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.

September 30, 2013	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		373,842			–			n/a		373,842
Forwards		–			641,426			n/a		641,426
Total Assets		373,842			641,426			n/a		1,015,268
Liabilities
Futures		862,003			–			n/a		862,003
Forwards		–			658,041			n/a		658,041
Total Liabilities		862,003			658,041			n/a		1,520,044
Unrealized currency loss										(2,377,397	)
*Net fair value		(488,161	)		(16,615	)		n/a		(2,882,173	)

December 31, 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		799,204		–		n/a		799,204
Forwards		–		1,179,980		n/a		1,179,980
Total Assets		799,204		1,179,980		n/a		1,979,184
Liabilities
Futures		420,203		–		n/a		420,203
Forwards		–		274,802		n/a		274,802
Total Liabilities		420,203		274,802		n/a		695,005
Unrealized currency loss								(2,389,680	)
*Net fair value		379,001		905,178		n/a		(1,105,501	)

* This amount comprises the “Net unrealized loss on open contracts” on the Statements of Financial Condition.