Trading Companies (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014 and 2013.  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, 2014

Investment	% of Partnership’s Partners’ Capital		Fair Value		Partnership’s pro rata Net Income/(Loss)			Partnership’s Management Fees		Partnership’s Incentive Fees		Partnership’s Administrative Fees
			$		$			$		$		$
Morgan Stanley Smith Barney Augustus I, LLC  (“Augustus I, LLC”)		29.6		3,935,697		160,360			58,939		25,153		13,752
TT II, LLC		25.3		3,356,258		601,930			47,124		61,805		13,195
Boronia I, LLC		22.4		2,976,216		523,865			47,139		130,966		8,799
Rotella I, LLC		–		–		252,994			36,089		64,058		12,631
Kaiser I, LLC		–		–		(222,158	)		19,534		–		3,419
WNT I, LLC		–		–		(79,472	)		14,154		–		3,303

December 31, 2013

Investment	% of Partnership’s Partners’ Capital		Fair Value		Partnership’s pro rata Net Income/(Loss)			Partnership’s Management Fees		Partnership’s Incentive Fees		Partnership’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