Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Realized and unrealized gain (loss) on investments--Note B
Realized gains (losses) on investments	$ (3,294,790)	$ 8,488,214	$ 7,972,332
Unrealized gains (losses) on investments	(4,270,563)	2,228,689	(15,075,898)
Net realized and unrealized gains (losses) on investments	(7,565,353)	10,716,903	(7,103,566)
Interest Income	0	0	653
Net investment income (loss)	(7,565,353)	10,716,903	(7,102,913)
Operating expenses -- Note D
Management and incentive fees	875,935	916,185	914,851
Administrative fees	328,178	360,425	503,901
Managed account fees	1,791,002	1,146,510	492,194
Miscellaneous operating expenses	256,184	201,068	122,029
Trailing commissions	286,491	265,655	155,936
Total operating expenses	3,537,790	2,889,843	2,188,911
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$ (11,103,143)	$ 7,827,060	$ (9,291,824)