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Financial Highlights (Tables)
3 Months Ended
Mar. 31, 2016
Text Block [Abstract]  
Financial Highlights for Limited Partner Class

Financial highlights for the limited partner class for the three months ended March 31, 2016 and 2015 were as follows:

 

                                                         
     For the Three Months  
     Ended March 31,  
             2016                      2015          

Per Unit Performance (for unit outstanding throughout the period):*

     

Net realized and unrealized gains (losses)

     $ 0.12           $ 1.30     

Net investment loss

     (0.17)          (0.18)    
  

 

 

    

 

 

 

Increase (decrease) for the period

     (0.05)          1.12     

Net asset value per Unit, beginning of period

     12.08           12.72     
  

 

 

    

 

 

 

Net asset value per Unit, end of period

     $ 12.03           $ 13.84     
  

 

 

    

 

 

 
     For the Three Months  
     Ended March 31,  
     2016      2015  

Ratios to Average Limited Partners’ Capital:**

     

Net investment loss***

     (5.4) %          (5.5) %    
  

 

 

    

 

 

 

Operating expenses before incentive fees

     5.6  %          5.5  %    

Incentive fees

     -                  -           
  

 

 

    

 

 

 

Operating expenses after incentive fees

     5.6  %          5.5  %    
  

 

 

    

 

 

 

Total return:

     

Total return before incentive fees

     (0.4)  %         8.8  %    

Incentive fees

     -                 -           
  

 

 

    

 

 

 

Total return after incentive fees

     (0.4)  %         8.8  %    
  

 

 

    

 

 

 

 

*

Net investment loss per Unit is calculated by dividing the expenses net of interest income by average number of Units outstanding during the period. The net realized and unrealized gains (losses) per Unit is balancing amount necessary to reconcile the change in net asset value per Unit with the other per unit information.

 

**

Annualized (other than incentive fees).

 

***

Interest income less total expense.