Trading Companies (Tables)

12 Months Ended

Dec. 31, 2013

Partnership's investments in affiliated trading companies

The following tables summarize the Partnership’s investments in affiliated Trading Companies as of December 31, 2013 and 2012. 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, 2013

Investment	% of LV’s Partners’ Capital		Fair Value		LV’s pro rata NetIncome/(Loss)			LV’s Management Fees		LV’s Incentive Fees		LV’s Administrative Fees
			$		$			$		$		$
TT II, LLC		28.2		6,221,176		(148,361	)		141,129		–		28,226
Augustus I, LLC		19.6		4,318,716		(169,072	)		66,017		13,378		15,404
Rotella I, LLC		18.3		4,039,384		294,968			41,744		25,511		14,610
WNT I, LLC		17.3		3,816,627		532,962			67,855		61,790		15,833
Boronia I, LLC		10.2		2,237,602		288,580			43,450		72,193		7,732
Kaiser I, LLC		8.4		1,861,138		250,659			40,439		30,404		7,070
Chesapeake I, LLC		–		–		52,305			17,564		–		6,147
GLC I, LLC		–		–		13,652			675		–		542

December 31, 2012

Investment	% of LV’s Partners’ Capital		Fair Value		LV’s pro rata NetIncome/(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