Subsequent Events

6 Months Ended

Jun. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

8.  Subsequent Events

Management of Ceres performed its evaluation of subsequent events through the date of filing, and has determined that there were no subsequent events requiring adjustment of or disclosure in the financial statements other than these disclosed below.

Effective July 1, 2011, the management fee payable by the Partnership to Rotella was reduced from a monthly management fee equal to 1/12 of 2% (a 2% annual rate to 1% annual rate) to a monthly management fee equal to 1/12 of 1% (a 1% annual rate).