Organization

6 Months Ended

Jun. 30, 2011

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

(1) Organization

As of November 1, 2008, AlphaMetrix, LLC (the “Sponsor” or “AlphaMetrix”) is the sponsor of AlphaMetrix Managed Futures LLC (the “Platform” or the “Fund”). The Sponsor is registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a commodity pool operator and commodity trading advisor, with the U.S. Securities and Exchange Commission (“SEC”) as a Registered Investment Advisor (“RIA”) and Registered Transfer Agent (“RTA”), and is a member of the National Futures Association (“NFA”). The Platform was formed on July 25, 2006 as a Delaware series limited liability company pursuant to the Delaware Limited Liability Company Act. AlphaMetrix Managed Futures LLC (Aspect Series) (the “Aspect Series” or “Series”) is the only “segregated series” of the Platform. Since the Aspect Series is the Platform’s only segregated series, references to the Aspect Series also include the Platform unless otherwise noted. On November 1, 2008, the Sponsor was assigned sponsorship in the Platform and managerial interest in the Aspect Series from the former sponsor of the Platform, UBS Managed Fund Services, Inc. (“UBS MFS” or the “former sponsor”) and the name of the Platform and Aspect Series were changed from UBS Managed Futures LLC and UBS Managed Futures LLC (Aspect Series) to AlphaMetrix Managed Futures LLC and AlphaMetrix Managed Futures LLC (Aspect Series), respectively. The Platform and Aspect Series are governed in accordance with the Confidential Disclosure Document dated January 31, 2011 (the “Confidential Disclosure Document”). All capitalized terms used but not defined herein are defined in the Confidential Disclosure Document.

The Aspect Series invests substantially all of its assets in AlphaMetrix Managed Futures (Aspect) LLC, previously UBS Managed Futures (Aspect) LLC (the “Trading Fund”). The Trading Fund then invests a substantial portion of its assets in AlphaMetrix Aspect Fund – MT0001 (the “Master Fund”) which is advised by Aspect Capital Limited (the “Trading Advisor”). On August 30, 2009, the Trading Fund ceased operations and as of September 1, 2009, the Aspect Series invested directly into the Master Fund. Prior to December 31, 2010, the Aspect Series and the Master Fund were consolidated in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, Consolidation (“ASC 810”). As of December 1, 2009, another fund operated by the Sponsor invested in the Master Fund. As of the year ended December 31, 2010, the Aspect Series and Master Fund are no longer consolidated. As of June 30, 2011 and 2010, the Aspect Series held an interest in the Master Fund of approximately 87% and 97%, respectively.

The Master Fund engages in the speculative trading of bonds, currencies, interest rates, equities, equity indices, debt securities and selected physical commodities and derivatives. Until October 1, 2009, UBS Securities LLC was the Series’ futures clearing broker (the “Clearing Broker”) and until October 13, 2009, UBS AG was the foreign exchange clearing broker of the Master Fund, although the Master Fund may execute foreign exchange trades through other foreign exchange clearing brokers at any time. On and after October 1, 2009 for general futures clearing brokerage, excluding foreign currency, and on and after October 13, 2009 including foreign currency, Credit Suisse Securities (USA) LLC acts as the Master Fund’s clearing broker (reference to the “Clearing Broker” shall be UBS Securities LLC if involving matters prior to October 1, 2009 and to Credit Suisse Securities (USA) LLC for matters on or after October 1, 2009). The Sponsor, over time, intends to offer investors a selection of different trading advisors, each managing a different segregated series of the Platform. There can be no assurance, however, that any series other than the Series will be offered or that the Series will continue to be offered. The Series was organized on October 26, 2006 and commenced trading on March 16, 2007. The Series filed a Form 10, under the Securities Exchange Act of 1934, as amended, with the SEC to register the units of limited liability company interest (“Units”), which registration became effective October 17, 2006.

The accompanying unaudited condensed financial statements, in the opinion of management, include all adjustments necessary for a fair presentation of the Series’ financial condition as of June 30, 2011 (unaudited) and December 31, 2010 and the results of its operations and its changes in members’ capital for the three and six months ended June 30, 2011 and 2010 (unaudited). These condensed financial statements present the results of interim periods and do not include all disclosures normally provided in annual financial statements. It is suggested that these unaudited condensed financial statements be read in conjunction with the audited financial statements and notes included in the Series’ annual report on Form 10-K filed with the SEC for the year ended December 31, 2010. The December 31, 2010 information has been derived from the audited financial statements as of December 31, 2010.

On March 16, 2007, the Series issued 5,000.00 Units to the Trading Advisor for $5,000,000 (the “Trading Advisor Investment”) and issued 2,760.62 Units for $2,760,620 to third parties. On April 1, 2007, the Series issued 9.94 Units to the former sponsor, UBS MFS, for $10,000. On December 31, 2007, the Trading Advisor redeemed the full value of the Trading Advisor Investment. On October 31, 2008, UBS MFS redeemed the full value of their Units in conjunction with the assignment of the Sponsor and on November 1, 2008, the Series issued 8.12 Units to the Sponsor for $10,000.

At the sole discretion of the Sponsor, the Series may terminate for any reason (for the avoidance of doubt, the Sponsor shall be entitled, without any violation of any contractual or fiduciary obligation to any investor in the Series (a “Member”), to dissolve the Series at any time).

Change in Accounting Methodology

Prior to December 31, 2010, the Aspect Series consolidated the Master Fund for financial reporting purposes. During the fourth quarter of 2010, the Sponsor concluded that a change in accounting principle was appropriate. Pursuant to this change, the Aspect Series no longer consolidates the non wholly owned Master Fund over which it has a controlling financial interest. Rather, Aspect Series applies investment company master-feeder financial statement presentation, as described in FASB ASC 946, Financial Services – Investment Companies (“ASC 946”), to its interest in the Master Fund, the only non wholly owned Master Fund over which it currently has a controlling financial interest.

The Sponsor acquired the Aspect Series on November 1, 2008. Prior to the Aspect Series’ acquisition by the Sponsor, the Aspect Series was the sole Feeder Fund (and thus the sole owner) of the Master Fund, and there was no expectation by the former sponsor to have any other investors in the Master Fund. The Aspect Series did not hold any investments other than its investment in the Master Fund. On December 1, 2009, subsequent to acquiring the Aspect Series, the Sponsor established a second fund to serve as a feeder to the Master Fund. Furthermore, the Sponsor believes that the establishment of additional segregated series (feeder funds) for the Platform was likely. Although the Aspect Series continues to maintain a significant controlling financial interest in the Master Fund, and thus consolidation of the Master Fund remains appropriate, the Sponsor believes the presentation for a Master fund-Feeder fund structure described in ASC 946 is preferable to such consolidated presentation. Specifically, the Sponsor observes that it is industry practice to follow the presentation prescribed for a Master Fund-Feeder fund structure in ASC 946 in instances in which a Master Fund is owned by more than one Feeder Fund and that such presentation provides users of the Aspect Series with a clearer depiction of its investment in the Master Fund. Furthermore, such presentation is consistent with the presentation method used by the Sponsor for all other Master fund-Feeder fund structures in which a Master Fund is not wholly owned by the Feeder Fund and for which it is the Sponsor.

While for the financial statements as of and for the year ended December 31, 2010, the Aspect Series did not consolidate the Master Fund, the Aspect Series did consolidate the Master Fund for the unaudited financial statements as of and for the six months ended June 30, 2010. Consistent with the requirements of ASC 250, Accounting Changes and Error Corrections, for the unaudited financial statements as of and for the six months ended June 30, 2010, to be comparable to the unaudited financial statements as of and for the six months ended June 30, 2011 this change in accounting principle is being applied retrospectively as of January 1, 2010. Thus, the unaudited financial statements as of and for the six months ended June 30, 2010 have been restated and are presented under a Master fund-Feeder fund presentation. The impact of this change in accounting principle is described in the following paragraphs.

The effects of the changes upon the unaudited Statements of Financial Condition are as follows:

	June 30, 2010
	As Originally Stated		As Adjusted		Effect of Change
ASSETS
Equity in commodity trading account at clearing broker
Cash	$	59,806,299	$	—	$	(59,806,299	)
Investments representing unrealized appreciation/(depreciation) on open contracts, net		1,672,849		—		(1,672,849	)
Investment in AlphaMetrix Aspect Fund - MT0001, at fair value		—		57,379,479		57,379,479
Cash at bank		2,554,404		2,153,096		(401,308	)
Total Assets	$	64,033,552	$	59,532,575	$	(4,500,977	)
LIABILITIES
REDEMPTIONS PAYABLE	$	362,725	$	362,725	$	—
SUBSCRIPTIONS RECEIVED IN ADVANCE		261,728		261,728		—
PAYABLES:
Accrued brokerage commissions		5,006		5,006		—
Accrued sales commission		98,620		98,620		—
Accrued sponsor’s fee		24,655		24,655		—
Accrued management fee		98,786		—		(98,786	)
Accrued operating costs		206,072		206,072		—
Interest payable, net		1,875		—		(1,875	)
Total Liabilities		1,059,467		958,806		(100,661	)
MEMBERS’ CAPITAL
Members		58,564,369		58,564,369		—
Sponsor		9,400		9,400		—
Total Aspect Series members’ capital		58,573,769		58,573,769		—
Noncontrolling interest		4,400,316		—		(4,400,316	)
Total Members’ Capital		62,974,085		58,573,769		(4,400,316	)
Total Liabilities and Members’ Capital	$	64,033,552	$	59,532,575	$	(4,500,977	)

	June 30, 2011
	As Reported		As If Consolidated		Effect of Change
ASSETS
Equity in commodity trading account at clearing broker
Cash	$	—	$	65,044,634	$	65,044,634
Investments representing unrealized appreciation/(depreciation) on open contracts, net		—		101,180		101,180
Investment in AlphaMetrix Aspect Fund - MT0001, at fair value		58,996,602		—		(58,996,602	)
Cash at bank		14,132,425		16,938,935		2,806,510
Total Assets	$	73,129,027	$	82,084,749	$	8,955,722
LIABILITIES
REDEMPTIONS PAYABLE	$	976,921	$	976,921	$	—
SUBSCRIPTIONS RECEIVED IN ADVANCE		1,758,938		1,758,938		—
PAYABLES:
Accrued sales commission		118,772		118,772		—
Accrued sponsor’s fee		29,693		29,693		—
Accrued operating costs		153,477		156,096		2,619
Payable to broker		—		300,000		300,000
Payable to trading advisor		—		140,532		140,532
Total Liabilities		3,037,801		3,480,952		443,151
MEMBERS’ CAPITAL
Members		70,081,347		70,081,347		—
Sponsor		9,879		9,879		—
Total Aspect Series members’ capital		70,091,226		70,091,226		—
Noncontrolling interest		—		8,512,571		8,512,571
Total Members’ Capital		70,091,226		78,603,797		8,512,571
Total Liabilities and Members’ Capital	$	73,129,027	$	82,084,749	$	8,955,722

An unaudited Condensed Schedule of Investments was included in the financial statements prior to the restatement. However, subsequent to the change in accounting policy, an unaudited Condensed Schedule of Investments is not required as the investments are held by the Master Fund. The effects of the changes upon the unaudited Schedules of Investments are as follows:

	As Originally Reported								June 30, 2010 As Adjusted							Effect of Change
	% of Members’ Capital			Number of Contracts		Net Unrealized Appreciation / (Depreciation) on Open Contracts			% of Members’ Capital			Number of Contracts		Net Unrealized Appreciation / (Depreciation) on Open Contracts		% of Members’ Capital			Number of Contracts			Net Unrealized Appreciation / (Depreciation) on Open Contracts
FUTURES CONTRACTS:
Long contracts
Domestic
Agriculture		0.01	%		71	$	3,513			0.00	%		—	$	—		(0.01	)%		(71	)	$	(3,513	)
Energy		0.00			—		—			0.00			—		—		0.00			—			—
Interest Rates		1.31			775		827,568			0.00			—		—		(1.31	)		(775	)		(827,568	)
Metals		0.15			26		95,275			0.00			—		—		(0.15	)		(26	)		(95,275	)
Indices		(0.01	)		1		(3,585	)		0.00			—		—		0.01			(1	)		3,585
Foreign
Agriculture		0.03			45		16,502			0.00			—		—		(0.03	)		(45	)		(16,502	)
Indices		(0.14	)		89		(87,083	)		0.00			—		—		0.14			(89	)		87,083
Interest Rates		1.90			1,622		1,194,773			0.00			—		—		(1.90	)		(1,622	)		(1,194,773	)
Metals		0.00			10		(2,800	)		0.00			—		—		0.00			(10	)		2,800
		3.25					2,044,163			0.00					—		(3.25	)					(2,044,163	)
Short contracts
Domestic
Agriculture		0.00			216		(2,925	)		0.00			—		—		0.00			(216	)		2,925
Energy		0.39			87		247,039			0.00			—		—		(0.39	)		(87	)		(247,039	)
Indices		0.07			21		42,275			0.00			—		—		(0.07	)		(21	)		(42,275	)
Metals		0.01			2		3,393			0.00			—		—		(0.01	)		(2	)		(3,393	)
Foreign
Agriculture		0.00			4		(156	)		0.00			—		—		0.00			(4	)		156
Indices		0.29			74		183,993			0.00			—		—		(0.29	)		(74	)		(183,993	)
Interest Rates		(0.03	)		66		(18,312	)		0.00			—		—		0.03			(66	)		18,312
Metals		(0.11	)		48		(67,321	)		0.00			—		—		0.11			(48	)		67,321
		0.62					387,986			0.00					—		(0.62	)					(387,986	)
Total futures contracts		3.87					2,432,149			0.00					—		(3.87	)					(2,432,149	)
FORWARD CURRENCY CONTRACTS:
Total forward currency contracts long		(0.94	)				(594,452	)		0.00					—		0.94						594,452
Total forward currency contracts short		(0.26	)				(164,848	)		0.00					—		0.26						164,848
Total forward currency contracts		(1.20	)				(759,300	)		0.00					—		1.20						759,300
Net unrealized appreciation/(depreciation) on open contracts		2.67	%			$	1,672,849			0.00	%			$	—		(2.67	)%				$	(1,672,849	)

	As Reported					June 30, 2011 As if Consolidated						Effect of Change
	% of Members’ Capital		Number of Contracts	Net Unrealized Appreciation / (Depreciation) on Open Contracts		% of Members’ Capital		Number of Contracts	Net Unrealized Appreciation / (Depreciation) on Open Contracts			% of Members’ Capital		Number of Contracts	Net Unrealized Appreciation / (Depreciation) on Open Contracts
FUTURES CONTRACTS:
Long contracts
Domestic
Futures Contracts
Agriculture	0.00	%	—	$	—	0.00	%	120	$	3,587		0.00	%	120	$	3,587
Currency	0.00		—		—	0.00		31		2,328		0.00		31		2,328
Energy	0.00		—		—	0.03		52		20,065		0.03		52		20,065
Indices	0.00		—		—	0.10		74		79,736		0.10		74		79,736
Interest Rates	0.00		—		—	0.41		1,102		324,425		0.41		1,102		324,425
Metals	0.00		—		—	(0.05	)	24		(43,033	)	(0.05	)	24		(43,033	)
Foreign
Futures Contracts
Agriculture	0.00		—		—	(0.03	)	14		(19,668	)	(0.03	)	14		(19,668	)
Indices	0.00		—		—	0.09		56		74,248		0.09		56		74,248
Interest Rates	0.00		—		—	0.38		3,222		294,832		0.38		3,222		294,832
Metals	0.00		—		—	(0.02	)	83		(19,397	)	(0.02	)	83		(19,397	)
	0.00				—	0.91				717,123		0.91				717,123
Short contracts
Domestic
Futures Contracts
Agriculture	0.00		—		—	0.08		39		59,333		0.08		39		59,333
Energy	0.00		—		—	(0.01	)	80		(9,590	)	(0.01	)	80		(9,590	)
Indices	0.00		—		—	0.01		3		4,800		0.01		3		4,800
Metals	0.00		—		—	(0.01	)	3		(4,680	)	(0.01	)	3		(4,680	)
Foreign
Futures Contracts
Agriculture	0.00		—		—	(0.06	)	19		(40,388	)	(0.06	)	19		(40,388	)
Indices	0.00		—		—	(0.09	)	35		(74,464	)	(0.09	)	35		(74,464	)
Metals	0.00		—		—	(0.18	)	49		(142,899	)	(0.18	)	49		(142,899	)
	0.00				—	(0.26	)			(207,888	)	(0.26	)			(207,888	)
Total futures contracts	0.00				—	0.65				509,235		0.65				509,235
FORWARD CURRENCY CONTRACTS:
Total forward currency contracts long	0.00				—	(0.31	)			(240,227	)	(0.31	)			(240,227	)
Total forward currency contracts short	0.00				—	(0.21	)			(167,828	)	(0.21	)			(167,828	)
Total forward currency contracts	0.00				—	(0.52	)			(408,055	)	(0.52	)			(408,055	)
Net unrealized appreciation/(depreciation) on open contracts	0.00	%		$	—	0.13	%		$	101,180		0.13	%		$	101,180

The effects of the changes upon the unaudited Statements of Operations are as follows:

	Three Months Ended June 30, 2010
	As Originally Reported			As Adjusted			Effect of Change
NET INVESTMENT INCOME ALLOCATED FROM ALPHAMETRIX ASPECT FUND - MT0001:
Trading costs	$	—		$	(29,001	)	$	(29,001	)
Interest expense		—			(4,523	)		(4,523	)
Net investment income allocated from AlphaMetrix Aspect Fund - MT0001		—			(33,524	)		(33,524	)
Trading gains (losses):
Net realized gain (loss)		1,298,682			—			(1,298,682	)
Net change in unrealized appreciation (depreciation) on open contracts		(1,010,304	)		—			1,010,304
Brokerage commission		(30,903	)		—			30,903
Net trading gains (losses)		257,475			—			(257,475	)
SERIES NET INVESTMENT INCOME/(LOSS):
Interest income		1,905			1,905			—
Operating costs		(103,793	)		(103,793	)		—
Management fee		(305,564	)		(305,564	)		—
Sales commission		(305,051	)		(305,051	)		—
Sponsor’s fee		(76,263	)		(76,263	)		—
Interest expense		(4,818	)		—			4,818
Net investment income (loss)		(793,584	)		(788,766	)		4,818
REALIZED AND UNREALIZED GAIN (LOSS) ALLOCATED FROM ALPHAMETRIX ASPECT FUND - MT0001
Net realized gain/(loss)		—			1,232,816			1,232,816
Net increase/(decrease) in unrealized appreciation/(depreciation)		—			(958,223	)		(958,223	)
Total realized and unrealized gain/(loss) allocated from AlphaMetrix Aspect Fund - MT0001		—			274,593			274,593
		(536,109	)		—			536,109
Less: Net income (loss) attributable to noncontrolling interest		11,588			—			(11,588	)
Net income (loss) attributable to Aspect Series	$	(547,697	)	$	—		$	547,697
Net increase/(decrease) in net assets resulting from operations	$	—		$	(547,697	)	$	(547,697	)

	Six Months Ended June 30, 2010
	As Originally Reported			As Adjusted			Effect of Change
NET INVESTMENT INCOME ALLOCATED FROM ALPHAMETRIX ASPECT FUND - MT0001:
Interest income	$	—		$	200		$	200
Trading costs		—			(56,458	)		(56,458	)
Interest expense		—			(8,737	)		(8,737	)
Bank fees		—			(138	)		(138	)
Net investment income allocated from AlphaMetrix Aspect Fund - MT0001		—			(65,133	)		(65,133	)
Trading gains (losses):
Net realized gain (loss)		1,006,726			—			(1,006,726	)
Net change in unrealized appreciation (depreciation) on open contracts		1,958,340			—			(1,958,340	)
Brokerage commission		(59,788	)		—			59,788
Net trading gains (losses)		2,905,278			—			(2,905,278	)
SERIES NET INVESTMENT INCOME/(LOSS):
Interest income		2,857			4,265			1,408
Operating costs		(206,954	)		(206,808	)		146
Management fee		(609,483	)		(609,483	)		—
Sales commission		(608,460	)		(608,460	)		—
Sponsor’s fee		(152,115	)		(152,115	)		—
Interest expense		(7,620	)		—			7,620
Net investment income (loss)		(1,581,775	)		(1,572,601	)		9,174
REALIZED AND UNREALIZED GAIN (LOSS) ALLOCATED FROM ALPHAMETRIX ASPECT FUND - MT0001
Net realized gain/(loss)		—			945,020			945,020
Net increase/(decrease) in unrealized appreciation/(depreciation)		—			1,857,551			1,857,551
Total realized and unrealized gain/(loss) allocated from AlphaMetrix Aspect Fund - MT0001		—			2,802,571			2,802,571
		1,323,503			—			(1,323,503	)
Less: Net income (loss) attributable to noncontrolling interest		158,666			—			(158,666	)
Net income (loss) attributable to Aspect Series	$	1,164,837		$	—		$	(1,164,837	)
Net increase/(decrease) in net assets resulting from operations	$	—		$	1,164,837		$	1,164,837

	Three Months Ended June 30, 2011
	As Reported			As if Consolidated			Effect of Change
NET INVESTMENT INCOME ALLOCATED FROM ALPHAMETRIX ASPECT FUND - MT0001:
Interest income	$	—		$	—		$	—
Trading costs		(29,368	)		—			29,368
Interest expense		(7,315	)		—			7,315
Bank fees		—			—			—
Net investment income allocated from AlphaMetrix Aspect Fund - MT0001		(36,683	)		—			36,683
Trading gains (losses):
Net realized gain (loss)		—			(901,073	)		(901,073	)
Net change in unrealized appreciation (depreciation) on open contracts		—			(1,207,870	)		(1,207,870	)
Brokerage commission		—			(33,638	)		(33,638	)
Net trading gains (losses)		—			(2,142,581	)		(2,142,581	)
SERIES NET INVESTMENT INCOME/(LOSS)
Interest income		—			—			—
Operating costs		(104,854	)		(104,854	)		—
Management fee		(365,084	)		(365,084	)		—
Performance fee		(4,391	)		(4,391	)		—
Sales commission		(364,468	)		(364,468	)		—
Sponsor’s fee		(91,117	)		(91,117	)		—
Interest expense		—			(8,378	)		(8,378	)
Net investment income (loss)		(929,914	)		(938,292	)		(8,378	)
REALIZED AND UNREALIZED GAIN (LOSS) ALLOCATED FROM ALPHAMETRIX ASPECT FUND - MT0001
Net realized gain/(loss)		(788,718	)		—			788,718
Net increase/(decrease) in unrealized appreciation/(depreciation)		(1,056,944	)		—			1,056,944
Total realized and unrealized gain/(loss) allocated from AlphaMetrix Aspect Fund - MT0001		(1,845,662	)		—			1,845,662
		—			(3,080,873	)		(3,080,873	)
Less: Net income (loss) attributable to noncontrolling interest		—			(268,614	)		(268,614	)
Net income (loss) attributable to Aspect Series	$	—		$	(2,812,259	)	$	(2,812,259	)
Net increase/(decrease) in net assets resulting from operations	$	(2,812,259	)	$	—		$	2,812,259

	Six Months Ended June 30, 2011
	As Reported			As if Consolidated			Effect of Change
NET INVESTMENT INCOME ALLOCATED FROM ALPHAMETRIX ASPECT FUND - MT0001:
Interest income	$	—		$	—		$	—
Trading costs		(54,653	)		—			54,653
Interest expense		(14,448	)		—			14,448
Bank fees		(103	)		—			103
Net investment income allocated from AlphaMetrix Aspect Fund - MT0001		(69,204	)		—			69,204
Trading gains (losses):
Net realized gain (loss)		—			2,221,185			2,221,185
Net change in unrealized appreciation (depreciation) on open contracts		—			(3,549,583	)		(3,549,583	)
Brokerage commission		—			(62,407	)		(62,407	)
Net trading gains (losses)		—			(1,390,805	)		(1,390,805	)
SERIES NET INVESTMENT INCOME/(LOSS)
Interest income		—			—			—
Operating costs		(207,908	)		(208,025	)		(117	)
Management fee		(710,562	)		(710,562	)		—
Performance fee		(70,642	)		(70,642	)		—
Sales commission		(709,260	)		(709,260	)		—
Sponsor’s fee		(177,315	)		(177,315	)		—
Interest expense		—			(16,494	)		(16,494	)
Net investment income (loss)		(1,875,687	)		(1,892,298	)		(16,611	)
REALIZED AND UNREALIZED GAIN (LOSS) ALLOCATED FROM ALPHAMETRIX ASPECT FUND - MT0001
Net realized gain/(loss)		1,955,789			—			(1,955,789	)
Net increase/(decrease) in unrealized appreciation/(depreciation)		(3,113,829	)		—			3,113,829
Total realized and unrealized gain/(loss) allocated from AlphaMetrix Aspect Fund - MT0001		(1,158,040	)		—			1,158,040
		—			(3,283,103	)		(3,283,103	)
Less: Net income (loss) attributable to noncontrolling interest		—			(180,172	)		(180,172	)
Net income (loss) attributable to Aspect Series	$	—		$	(3,102,931	)	$	(3,102,931	)
Net increase/(decrease) in net assets resulting from operations	$	(3,102,931	)	$	—		$	3,102,931

The effects of the changes upon the unaudited Statements of Changes in Members’ Capital are as follows:

Six Months Ended June 30, 2010

	As Originally Reported
	AlphaMetrix Managed Futures LLC (Aspect Series)																			AlphaMetrix Managed Futures LLC
	Members						Sponsor				Noncontrolling interest			Total
	Amount			Units			Amount		Units		Amount		Units	Amount			Units			Amount			Units
Members capital at January 1, 2010	$	59,498,830			52,347.66		$	9,231		8.12	$	1,896,908	n/a	$	61,404,969			52,355.78		$	61,404,969			52,355.78
Members’ subscriptions		3,234,075			2,839.63			—		—		—	n/a		3,234,075			2,839.63			3,234,075			2,839.63
Members’ redemptions		(5,333,204	)		(4,596.42	)		—		—		—	n/a		(5,333,204	)		(4,596.42	)		(5,333,204	)		(4,596.42	)
Noncontrolling interest		—			—			—		—		2,344,742	n/a		2,344,742			—			2,344,742			—
Net income/(loss)		1,164,668			—			169		—		158,666	n/a		1,323,503			—			1,323,503			—
Members’ capital at June 30, 2010	$	58,564,369			50,590.87		$	9,400		8.12	$	4,400,316	n/a	$	62,974,085			50,598.99		$	62,974,085			50,598.99
Net asset value per unit at January 1, 2010	$	1,136.609					$	1,136.609
Change in net asset value per unit		20.998						20.998
Net asset value per unit at June 30, 2010	$	1,157.607					$	1,157.607

	As Adjusted
	AlphaMetrix Managed Futures LLC (Aspect Series)																	AlphaMetrix Managed Futures LLC
	Members						Sponsor					Total
	Amount			Units			Amount			Units		Amount			Units			Amount			Units
Members capital at January 1, 2010	$	59,498,830			52,347.66		$	9,231			8.12	$	59,508,061			52,355.78		$	59,508,061			52,355.78
Members’ subscriptions		3,234,075			2,839.63			—			—		3,234,075			2,839.63			3,234,075			2,839.63
Members’ redemptions		(5,333,204	)		(4,596.42	)		—			—		(5,333,204	)		(4,596.42	)		(5,333,204	)		(4,596.42	)
Net investment income/(loss)		(1,637,479	)		—			(255	)		—		(1,637,734	)		—			(1,637,734	)		—
Net realized and unrealized gain/(loss) allocated from AlphaMetrix Aspect Fund - MT0001		2,802,147			—			424			—		2,802,571			—			2,802,571			—
Members’ capital at June 30, 2010	$	58,564,369			50,590.87		$	9,400			8.12	$	58,573,769			50,598.99		$	58,573,769			50,598.99
Net asset value per unit at January 1, 2010	$	1,136.609					$	1,136.609
Change in net asset value per unit		20.998						20.998
Net asset value per unit at June 30, 2010	$	1,157.607					$	1,157.607

	Effect of Change
	AlphaMetrix Managed Futures LLC (Aspect Series)
																				AlphaMetrix Managed
	Members					Sponsor					Noncontrolling interest				Total					Futures LLC
	Amount			Units		Amount			Units		Amount			Units	Amount			Units		Amount			Units
Members capital at January 1, 2010		—			—	$	—			—	$	(1,896,908	)	n/a	$	(1,896,908	)		—	$	(1,896,908	)		—
Members’ subscriptions		—			—		—			—		—		n/a		—			—		—			—
Members’ redemptions		—			—		—			—		—		n/a		—			—		—			—
Noncontrolling interest		—			—		—			—		(2,344,742	)	n/a		(2,344,742	)		—		(2,344,742	)		—
Net investment income/(loss)		(1,637,479	)		—		(255	)		—		—		n/a		(1,637,734	)		—		(1,637,734	)		—
Net realized and unrealized gain/(loss) allocated from AlphaMetrix Aspect Fund - MT0001		2,802,147			—		424			—		—		n/a		2,802,571			—		2,802,571			—
Net income/(loss)		(1,164,668	)		—		(169	)		—		(158,666	)	n/a		(1,323,503	)		—		(1,323,503	)		—
Members’ capital at June 30, 2010	$	—			—	$	—			—	$	(4,400,316	)	n/a	$	(4,400,316	)		—	$	(4,400,316	)		—
Net asset value per unit at January 1, 2010	$	—				$	—
Change in net asset value per unit		—					—
Net asset value per unit at June 30, 2010	$	—				$	—

Six Months Ended June 30, 2011

	As Reported
	AlphaMetrix Managed Futures LLC (Aspect Series)																	AlphaMetrix Managed Futures LLC
	Members						Sponsor					Total
	Amount			Units			Amount			Units		Amount			Units			Amount			Units
Members capital at January 1, 2011	$	63,839,812			50,277.92		$	10,310			8.12	$	63,850,122			50,286.04		$	63,850,122			50,286.04
Members’ subscriptions		13,669,211			10,758.32			—			—		13,669,211			10,758.32			13,669,211			10,758.32
Members’ redemptions		(4,325,176	)		(3,440.77	)		—			—		(4,325,176	)		(3,440.77	)		(4,325,176	)		(3,440.77	)
Noncontrolling interest		—			—			—			—		—			—			—			—
Net investment income/(loss)		(1,944,607	)		—			(284	)		—		(1,944,891	)		—			(1,944,891	)		—
Net realized and unrealized gain/(loss) allocated from AlphaMetrix Aspect Fund - MT0001		(1,157,893	)		—			(147	)		—		(1,158,040	)		—			(1,158,040	)		—
Members’ capital at June 30, 2011	$	70,081,347			57,595.47		$	9,879			8.12	$	70,091,226			57,603.59		$	70,091,226			57,603.59
Net asset value per unit at January 1, 2011	$	1,269.739					$	1,269.739
Change in net asset value per unit		(52.953	)					(52.953	)
Net asset value per unit at June 30, 2011	$	1,216.786					$	1,216.786

	As if Consolidated
	AlphaMetrix Managed Futures LLC (Aspect Series)																					AlphaMetrix Managed Futures LLC
	Members						Sponsor					Noncontrolling interest				Total
	Amount			Units			Amount			Units		Amount			Units	Amount			Units			Amount			Units
Members capital at January 1, 2011	$	63,839,812			50,277.92		$	10,310			8.12	$	8,236,721		n/a	$	72,086,843			50,286.04		$	72,086,843			50,286.04
Members’ subscriptions		13,669,211			10,758.32			—			—		—		n/a		13,669,211			10,758.32			13,669,211			10,758.32
Members’ redemptions		(4,325,176	)		(3,440.77	)		—			—		—		n/a		(4,325,176	)		(3,440.77	)		(4,325,176	)		(3,440.77	)
Noncontrolling interest		—			—			—			—		456,022		n/a		456,022			—			456,022			—
Net investment income/(loss)		(1,944,607	)		—			(284	)		—		(9,814	)	n/a		(1,954,705	)		—			(1,954,705	)		—
Net realized and unrealized gain/(loss) allocated from AlphaMetrix Aspect Fund - MT0001		(1,157,893	)		—			(147	)		—		(170,358	)	n/a		(1,328,398	)		—			(1,328,398	)		—
Members’ capital at June 30, 2011	$	70,081,347			57,595.47		$	9,879			8.12	$	8,512,571		n/a	$	78,603,797			57,603.59		$	78,603,797			57,603.59
Net asset value per unit at January 1, 2011	$	1,269.739					$	1,269.739
Change in net asset value per unit		(52.953	)					(52.953	)
Net asset value per unit at June 30, 2011	$	1,216.786					$	1,216.786

	Effect of Change
	AlphaMetrix Managed Futures LLC (Aspect Series)																	AlphaMetrix Managed Futures LLC
	Members				Sponsor				Noncontrolling interest				Total
	Amount		Units		Amount		Units		Amount			Units	Amount			Units		Amount			Units
Members capital at January 1, 2011	$	—		—	$	—		—	$	8,236,721		n/a	$	8,236,721			—	$	8,236,721			—
Members’ subscriptions		—		—		—		—		—		n/a		—			—		—			—
Members’ redemptions		—		—		—		—		—		n/a		—			—		—			—
Noncontrolling interest		—		—		—		—		456,022		n/a		456,022			—		456,022			—
Net investment income/(loss)		—		—		—		—		(9,814	)	n/a		(9,814	)		—		(9,814	)		—
Net realized and unrealized gain/(loss) allocated from AlphaMetrix Aspect Fund - MT0001		—		—		—		—		(170,358	)	n/a		(170,358	)		—		(170,358	)		—
Members’ capital at June 30, 2011	$	—		—	$	—		—	$	8,512,571		n/a	$	8,512,571			—	$	8,512,571			—
Net asset value per unit at January 1, 2011	$	—			$	—
Change in net asset value per unit		—				—
Net asset value per unit at June 30, 2011	$	—			$	—