XML 33 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Measurements and Disclosures (Tables)
 9 Months Ended
Sep. 30, 2013
Fair Value Measurements and Disclosures [Abstract]  
Summary of assets and liabilities measured at fair value on a recurring basis
The Partnership’s assets and liabilities measured at fair value on a recurring basis are summarized in the following tables by the type of inputs applicable to the fair value measurements.

September 30, 2013
 
 
 
 
Assets
 
Unadjusted
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
  
 
Significant Other
Observable
Inputs
(Level 2)
  
 
Significant
Unobservable
Inputs
(Level 3)
  
 
 
 
 
Total
 
 
$
$
Investment in TT II, LLC
 –   
7,128,880
   –   
7,128,880
 
Investment in Augustus I, LLC
 –   
4,919,606
   –   
4,919,606
 
Investment in WNT I, LLC
  –   
4,140,734
   –   
4,140,734
 
Investment in Rotella I, LLC
 –   
3,934,439
   –   
3,934,439
 
Investment in Boronia I, LLC
  –   
2,177,295
   –   
2,177,295
 
Investment in Kaiser I, LLC
  –   
1,852,358
   –   
1,852,358
 
 
December 31, 2012
 
 
 
 
Assets
 
Unadjusted
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
  
 
Significant Other
Observable
Inputs
(Level 2)
  
 
Significant
Unobservable
Inputs
(Level 3)
  
 
 
 
 
Total
 
 
$ 
$ 
Investment in TT II, LLC
  –   
12,246,448
   –   
12,246,448
 
Investment in WNT I, LLC
  –   
7,072,401
   –   
7,072,401
 
Investment in Chesapeake I, LLC
  –   
4,408,930
   –   
4,408,930
 
Investment in Rotella I, LLC
  –   
3,383,788
   –   
3,383,788
 
Investment in Kaiser I, LLC
  –   
3,186,918
   –   
3,186,918
 
Investment in Augustus I, LLC
  –   
2,433,314
   –   
2,433,314
 
Investment in GLC I, LLC
  –   
2,359,140
   –   
2,359,140
 
 
Summary of income statement
The tables below represent summarized Income Statement information for the Trading Companies that the Partnership invests in for the three and nine months ended September 30, 2013 and 2012, respectively, in accordance with Rule 3-09 of Regulation S-X, as follows:

For the Three Months
Ended September 30, 2013
 
Investment
Income/(Loss)
  
Net
Investment Loss
  
Total Trading
Results
  
Net Loss
 
 
 
 $  
$
  
$
  
$
 
TT II, LLC
  
–
   
(2,643,512
)
  
(14,467,982
)
  
(17,111,494
)
Augustus I, LLC
  
–
   
(81,614
)
  
(576,891
)
  
(658,505
)

For the Nine Months
Ended September 30, 2013
 
Investment
Income/(Loss)
  
Net
Investment Loss
  
Total Trading
Results
  
Net
Income/(Loss)
 
 
 
$
  
 
$
  
 
$
  
 
$
 
TT II, LLC
  
–
   
(8,199,723
)
  
(23,194,871
)
  
(31,394,594
)
WNT I, LLC
  
–
   
(129,226
)
  
425,274
   
296,048
 
Kaiser I, LLC
  
–
   
(2,368,666
)
  
5,929,623
   
3,560,957
 
Augustus I, LLC
  
–
   
(261,400
)
  
(5,061
)
  
(266,461
)
Boronia I, LLC
  
–
   
(3,220,183
)
  
7,664,761
   
4,444,578
 
 
For the Three Months
Ended September 30, 2012
 
Investment
Income/(Loss)
  
Net
Investment Loss
  
Total Trading
 Results
  
Net
Income/(Loss)
 
 
$
  
$
  
$
  
$
 
TT II, LLC
  
–
   
(3,021,720
)
  
(6,472,573
)
  
(9,494,293
)
WNT I, LLC
  
–
   
(57,816
)
  
243,174
   
185,358
 
Chesapeake I, LLC
  
–
   
(84,094
)
  
(230,361
)
  
(314,455
)
Rotella I, LLC
  
–
   
(31,867
)
  
309,891
   
278,024
 
 
For the Nine Months
Ended September 30, 2012
 
Investment
Income/(Loss)
  
Net
Investment Loss
  
Total Trading
Results
  
Net
Income/(Loss)
 
 
$
  
$
  
$
  
$
 
TT II, LLC
  
1,279
   
(9,527,037
)
  
32,450,682
   
22,923,645
 
WNT I, LLC
  
(58
)
  
(183,570
)
  
(383,493
)
  
(567,063
)
Chesapeake I, LLC
  
622
   
(247,592
)
  
(1,909,394
)
  
(2,156,986
)