Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value 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.

September 30, 2015	Level 1		Level 2		Level 3		Total
	$		$		$		$
Assets
Investment in U.S. Treasury bills		-		14,970,257		-		14,970,257
Futures		408,200		-		-		408,200
Forwards		191,214		794,054		-		985,268
Total Assets		599,414		15,764,311		-		16,363,725
Liabilities
Futures		145,676		-		-		145,676
Forwards		134,959		770,263		-		905,222
Total Liabilities		280,635		770,263		-		1,050,898
*Net fair value		318,779		14,994,048		-		15,312,827

December 31, 2014	Level 1		Level 2		Level 3		Total
	$		$		$		$
Assets
Futures		873,317		-		-		873,317
Forwards		111,529		1,424,500		-		1,536,029
Total Assets		984,846		1,424,500		-		2,409,346
Liabilities
Futures		134,615		-		-		134,615
Forwards		75,657		905,831		-		981,488
Total Liabilities		210,272		905,831		-		1,116,103
*Net fair value		774,574		518,669		-		1,293,243

* This amount comprises the “Net unrealized gain on open contracts” and “Investment in U.S. Treasury bills” on the Statements of Financial Condition.