Investment in the Funds (Tables)

12 Months Ended

Dec. 31, 2018

Assets, Liabilities and Partners' Members' Capital of Funds

Summarized information reflecting the total assets, liabilities and partners’ members’ capital of the Funds is shown in the following tables:


	December 31, 2018
	Total Assets		Total Liabilities		Total Capital
Winton Master	$	352,978,637	$	13,779,023	$	339,199,614
Transtrend Master		150,331,839		533,135		149,798,704
Willowbridge Master		192,211,165		43,829,178		148,381,987
FORT Contrarian Master		180,042,210		1,648,773		178,393,437

	December 31, 2017
	Total Assets		Total Liabilities		Total Capital
Winton Master	$	408,725,040	$	11,076,733	$	397,648,307
Transtrend Master		217,045,353		15,335,906		201,709,447
Willowbridge Master		336,101,673		39,096,772		297,004,901

Net Investment Income (Loss), Trading Results and Net Income (Loss) of Funds

Summarized information reflecting the net investment income (loss), total trading results and net income (loss) of the Funds is shown in the following tables:


	For the year ended December 31, 2018
	Net Investment Income (Loss)			Total Trading Results			Net Income (Loss)
Winton Master	$	5,588,690		$	(7,829,505	)	$	(2,240,815	)
Transtrend Master		(299,102	)		(17,683,526	)		(17,982,628	)
Willowbridge Master		906,473			(4,843,521	)		(3,937,048	)
FORT Contrarian Master ^(a)		2,172,289			(12,008,806	)		(9,836,517	)

	For the year ended December 31, 2017
	Net Investment Income (Loss)			Total Trading Results			Net Income (Loss)
Winton Master	$	2,498,543		$	41,177,241		$	43,675,784
Transtrend Master		(2,170,265	)		(2,700,598	)		(4,870,863	)
Willowbridge Master		1,244,821			(27,512,190	)		(26,267,369	)

Partnership's Investments in, and Partnership's Pro Rata Share of Results of Operations of Funds

Summarized information reflecting the Partnership’s investments in and the Partnership’s pro-rata share of the results of operations of the Funds are shown in the following tables:


	December 31, 2018					For the year ended December 31, 2018
	% of								Expenses								Net
	Partners’					Income			Clearing		Professional		Management		Incentive		Income			Investment		Redemptions
Funds	Capital			Fair Value		(Loss)			Fees		Fees		Fees		Fee		(Loss)			Objective		Permitted
Winton Master		25.30	%	$	153,304,033	$	241,406		$	214,137	$	30,606	$	—	$	—	$	(3,337	)		Commodity Portfolio		Monthly
Transtrend Master		24.51	%		148,573,425		(15,288,450	)		1,039,887		274		1,449,384		47,039		(17,825,034	)		Commodity Portfolio		Monthly
Willowbridge Master		24.53	%		148,663,921		(825,674	)		2,381,900		64,577		—		—		(3,272,151	)		Commodity Portfolio		Monthly
FORT Contrarian Master (a)		25.75	%		156,038,134		(7,949,280	)		398,224		52,933		—		—		(8,400,437	)		Commodity Portfolio		Monthly

Total				$	606,579,513	$	(23,821,998	)	$	4,034,148	$	148,390	$	1,449,384	$	47,039	$	(29,500,959	)


	December 31, 2017					For the year ended December 31, 2017
	% of								Expenses								Net
	Partners’					Income			Clearing		Professional		Management		Incentive		Income			Investment		Redemptions
Funds	Capital			Fair Value		(Loss)			Fees		Fees		Fees		Fee		(Loss)			Objective		Permitted
Winton Master		23.38	%	$	186,666,465	$	20,307,233		$	235,397	$	29,118	$	—	$	—	$	20,042,718			Commodity Portfolio		Monthly
Transtrend Master		25.26	%		201,709,447		(857,440	)		1,529,471		839		1,961,681		25,157		(4,374,588	)		Commodity Portfolio		Monthly
Willowbridge Master		33.58	%		268,119,462		(19,867,278	)		1,170,473		55,300		—		—		(21,093,051	)		Commodity Portfolio		Monthly

Total				$	656,495,374	$	(417,485	)	$	2,935,341	$	85,257	$	1,961,681	$	25,157	$	(5,424,921	)

(a)	From February 1, 2018, the date the Partnership invested into FORT Contrarian Master, through December 31, 2018.