Financial Highlights

6 Months Ended

Jun. 30, 2011

Financial Highlights Disclosure [Text Block]

(6) Financial Highlights

The following financial highlights show the Series’ financial performance for the six months ended June 30, 2011 and 2010, respectively, in the table below. All performance returns noted are calculated based on the net asset value per Unit for financial reporting, with organizational costs incurred prior to issuance of Units being expensed at the commencement of the operations of the Series. Total return is calculated as the change in a theoretical Member’s investment over the entire period-a percentage change in the Member’s capital value for the period. The information has been derived from information presented in the condensed financial statements.

          Regarding the information shown in the table below:

• Per Unit operating performance is computed based upon the weighted-average net Units for the periods ended June 30, 2011 and 2010. Total return is calculated as the change in the net asset value per Unit for the six months ended June 30, 2011 and 2010 and is not annualized.

• The net investment loss and total expense ratios are computed based upon the weighted average net assets for the six months ended June 30, 2011 and 2010. Weighted average net assets include the performance fee and are computed using month-end net assets. Net investment loss and expenses include the Series proportionate share of the Master Fund’s investment income (loss) and expenses, respectively. Such ratios have been annualized, with the exception of the performance fee.

An individual member’s total return and ratios may vary from those below based on the timing of capital transactions.

	Six Months Ended June 30, 2011			Six Months Ended June 30, 2010
Members’ capital per Unit at beginning of period	$	1,269.739		$	1,136.609
Per Unit data (for a unit outstanding throughout the period)
Net investment loss		(35.105	)		(31.061	)
Net realized and unrealized gain on investments		(17.848	)		52.059
Total from investment operations		(52.953	)		20.998
Members’ capital per Unit at end of period	$	1,216.786		$	1,157.607
Total return:
Total return before performance fee		(4.07	%)		1.85	%
Performance fee		(0.10	%)		0.00	%
Total return after performance fee		(4.17	%)		1.85	%
Ratios to average Members’ capital
Net investment loss		(5.46	%)		(5.41	%)
Expenses:
Expenses		5.36	%		5.42	%
Performance fee		0.10	%		0.00	%
Total expenses		5.46	%		5.42	%