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Derivatives and Hedging (Tables)
 6 Months Ended
Jun. 30, 2014
Derivatives and Hedging [Abstract]  
Offsetting of Derivative Assets and Liabilities
Offsetting of Derivative Assets and Liabilities as of June 30, 2014:
 
 
 
Gross Amounts
Recognized
  
Gross Amounts
Offset in the Statements of Financial
Condition
  
Net Amounts
Presented in the Statements of
Financial
Condition
 
 
 
$
  
$
  
$
 
Assets
            
Futures
  
797,979
   
(399,579
)
  
398,400
 
Forwards
  
1,580,161
   
(1,140,739
)
  
439,422
 
 
            
Total Assets
  
2,378,140
   
(1,540,318
)
  
837,822
 
 
            
Liabilities
            
Futures
  
(399,579
)
  
399,579
   
–
 
Forwards
  
(1,140,739
)
  
1,140,739
   
–
 
 
            
Total Liabilities
  
(1,540,318
)
  
1,540,318
   
–
 
 
            
Unrealized currency loss
          
(2,387,400
)
 
            
Total net unrealized loss on open contracts
          
(1,549,578
)
 
Offsetting of Derivative Assets and Liabilities as of December 31, 2013:

 
 
Gross Amounts
Recognized
  
Gross Amounts
Offset in the Statements of Financial
Condition
  
Net Amounts
Presented in the Statements of
Financial
Condition
 
 
 
$
  
$
  
$
 
Assets
           
Futures
  
1,306,032
   
(374,233
)
  
931,799
 
Forwards
  
528,118
   
(296,785
)
  
231,333
 
 
            
Total Assets
  
1,834,150
   
(671,018
)
  
1,163,132
 
 
            
Liabilities
            
Futures
  
(374,233
)
  
374,233
   
–
 
Forwards
  
(296,785
)
  
296,785
   
–
 
 
            
Total Liabilities
  
(671,018
)
  
671,018
   
–
 
 
            
Unrealized currency loss
          
(2,388,713
)
 
            
Total net unrealized loss on open contracts
          
(1,225,581
)
 
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 June 30, 2014:
 
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 six months (absolute quantity)
 
 
 
$
  
$
  
$
  
$ 
  
$
  
 
  
Commodity
  
455,823
   
(245,472
)
  
165,705
   
(246,036
)
  
130,020
   
1,092
 
Equity
  
192,966
   
(106,360
)
  
18,330
   
–
   
104,936
   
414
 
Foreign currency
  
1,124,693
   
(91,954
)
  
72,714
   
(811,658
)
  
293,795
   
498
 
Interest rate
  
343,738
   
(13,346
)
  
4,171
   
(25,492
)
  
309,071
   
1,113
 
Total
  
2,117,220
   
(457,132
)
  
260,920
   
(1,083,186
)
  
837,822
     
 
                        
Unrealized currency loss
                  
(2,387,400
)
    
Total net unrealized loss on open contracts
                  
(1,549,578
)
    
 
The effect of Trading Activities on the Statements of Financial Condition as of December 31, 2013:
 
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
  
8,370
   
(210,864
)
  
205,290
   
(23,930
)
  
(21,134
)
  
662
 
Equity
  
968,426
   
–
   
5,650
   
(9,857
)
  
964,219
   
549
 
Foreign currency
  
73,963
   
(26,337
)
  
454,118
   
(270,448
)
  
231,296
   
5,227
 
Interest rate
  
41
   
(128,798
)
  
118,292
   
(784
)
  
(11,249
)
  
1,357
 
Total
  
1,050,800
   
(365,999
)
  
783,350
   
(305,019
)
  
1,163,132
     
 
                        
Unrealized currency loss
                  
(2,388,713
)
    
Total net unrealized loss on open contracts
                  
(1,225,581
)
    
 
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 Three and Six Months Ended June 30, 2014 included in Total Trading Results:
 
 
 
For the Three Months
  
For the Six Months
 
 
 
Ended June 30, 2014
  
Ended June 30, 2014
 
Type of Instrument
 
$
  
$ 
 
 
       
Commodity
  
(52,928
)
  
(1,354,303
)
Equity
  
807,167
   
(821,672
)
Foreign currency
  
(148,898
)
  
(661,898
)
Interest rate
  
886,241
   
1,041,288
 
Unrealized currency gain/(loss)
  
(1,527
)
  
1,313
 
Total
  
1,490,055
   
(1,795,272
)

Line items on the Statements of Income and Expenses for the Three and Six Months Ended June 30, 2014:
 
 
 
For the Three Months
  
For the Six Months
 
 
 
Ended June 30, 2014
  
Ended June 30, 2014
 
Trading Results
 
$
  
$
 
 
        
Net realized
  
1,054,346
   
(1,471,275
)
Net change in unrealized
  
435,709
   
(323,997
)
Total Trading Results
  
1,490,055
   
(1,795,272
)
 
The Effect of Trading Activities on the Statements of Income and Expenses for the Three and Six Months Ended June 30, 2013 included in Total Trading Results:

 
 
For the Three Months
  
For the Six Months
 
 
 
Ended June 30, 2013
  
Ended June 30, 2013
 
Type of Instrument
 
$
  
$
 
 
        
Commodity
  
2,634,290
   
3,292,498
 
Equity
  
423,271
   
2,158,877
 
Foreign currency
  
(52,923
)
  
1,670,702
 
Interest rate
  
(331,403
)
  
(1,294,597
)
Unrealized currency gain
  
24,235
   
2,094
 
Total
  
2,697,470
   
5,829,574
 
 
Line Items on the Statements of Income and Expenses for the Three and Six Months Ended June 30, 2013:
 
 
 
For the Three Months
  
For the Six Months
 
 
 
Ended June 30, 2013
  
Ended June 30, 2013
 
Trading Results
 
$
  
$
 
 
        
Net realized
  
3,321,823
   
6,699,764
 
Net change in unrealized
  
(624,353
)
  
(870,190
)
Total Trading Results
  
2,697,470
   
5,829,574