Trading Companies (Tables)

12 Months Ended

Dec. 31, 2012

Trading Companies [Abstract]

Partnership's investments in affiliated trading companies

The following tables summarize the Partnership's investments in affiliated Trading Companies as of December 31, 2012 and 2011.  Each Trading Company pays each Trading Advisor a monthly management fee and a quarterly incentive fee equal to 20% of the trading profits earned (refer to Note 5. Trading Advisors to the Trading Companies) for further information.

December 31, 2012

Investment	% of LV's Partners' Capital		Fair Value		LV's  pro rata Net Income/(Loss)			LV's Management Fees		LV's Incentive Fees		LV's Administrative Fees
			$		$			$		$		$
TT II, LLC		37.0		12,246,448		(23,003	)		247,227		4,069		49,445
WNT I, LLC		21.4		7,072,401		(401,771	)		124,221		232		28,985
Chesapeake I, LLC		13.3		4,408,930		(1,151,518	)		99,845		–		17,473
Rotella I, LLC		10.2		3,383,788		(218,126	)		44,554		–		15,594
Kaiser I, LLC		9.6		3,186,918		(74,042	)		73,604		–		15,863
Augustus I, LLC		7.4		2,433,314		281,992			49,184		–		11,476
GLC I, LLC		7.1		2,359,140		154,061			51,848		–		12,098

December 31, 2011

Investment	% of LV's Partners' Capital		Fair Value		LV's  pro rata Net Income/(Loss)			LV's Management Fees		LV's Incentive Fees		LV's Administrative Fees
			$		$			$		$		$
TT II, LLC		28.5		14,111,867		(1,664,435	)		273,205		1,319		51,306
Kaiser I, LLC		21.4		10,573,213		(820,064	)		301,052		–		52,684
WNT I, LLC		18.1		8,959,457		302,748			107,555		81,715		18,822
Augustus I, LLC		10.3		5,112,295		(516,309	)		86,378		1,718		20,155
Rotella I, LLC		10.3		5,082,011		(253,281	)		120,017		19,966		25,533
Chesapeake I, LLC		9.9		4,910,449		(753,265	)		94,741		103,139		16,580
GLC I, LLC		8.0		3,942,919		(381,969	)		71,600		–		16,707
DKR I, LLC		–		–		(496,954	)		102,838		4,110		18,333