Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS	$ (5,806,380)	$ 2,182,650
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Purchase of net investments	(8,500,000)	(53,790,577)
Proceeds from disposition of investments	9,853,648	52,855,419
Realized gains	493,679	(2,402,287)
Unrealized loss on investments	2,432,946	(1,650,808)
Decrease (increase) in redemptions receivable	29,645,432	1,000,000
Decrease in interest receivable	250	0
Decrease (increase) in investments in transit	16,600,000	1,500,000
Increase in commissions payable	870	9,813
Decrease in accrued operating expense	19,657	12,361
Decrease in managed accounts fee payable	53,085	189,922
Increase in management, incentive and administrative fees payable	(3,622)	(1,703)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	44,789,566	(95,210)
CASH FLOWS FROM FINANCING ACTIVITIES
Capital contributions received from members	18,707,944	24,008,194
Membership redemptions	(19,643,717)	(16,008,966)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(935,773)	7,999,228
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	43,853,793	7,904,018
Cash and cash equivalents at beginning of period	23,358,269	26,038,161
CASH AND CASH EQUIVALENTS AT END OF PERIOD	67,212,062	33,942,179
Cash paid for interest	0	0
Cash paid for taxes	$ 0	$ 0