Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Net (loss) gain allocated from investments in other funds:
Net realized (loss) gain on investments	$ (12,932,287)	$ 7,330,888
Net (decrease) increase in unrealized appreciation on investments	(5,083,941)	4,077,763
Net (loss) gain allocated from investments in other funds	(18,016,228)	11,408,651
Investment income:
Interest income	708,371	1,395,819
Expenses:
Brokerage fees	4,705,428	3,284,144
Advisory fees	3,835,296	2,774,409
Sponsor fees	1,917,648	1,387,205
Incentive allocation	14,461	986,689
Interest and other	92,386	32,375
Total expenses	10,565,219	8,464,822
Net investment loss allocated from investments in other funds	(9,856,848)	(7,069,003)
Net (loss) income	$ (27,873,076)	$ 4,339,648