XML 32 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financial Highlights (Tables)
 12 Months Ended
Dec. 31, 2012
Financial Highlights [Abstract]  
Operating performance calculation per unit
The following is the per Unit operating performance calculation for the years ended December 31, 2012 and 2011:
 
 
Blended Strategies Portfolio
 
 
Systematic Strategies Portfolio
 
 
Class 0
 
 
Class 2
 
 
Class 0
 
 
Class 2
 
Per unit operating performance
 
 
 
 
 
 
 
 
 
 
 
 
Net asset value per unit, December 31, 2010
 
$
138.96
 
 
$
113.68
 
 
$
102.92
 
 
$
99.72
 
Net loss:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net investment loss
 
 
(5.53
)
 
 
(6.66
)
 
 
(4.40
)
 
 
(6.03
)
Net loss on investments
 
 
(10.26
)
 
 
(8.25
)
 
 
(17.17
)
 
 
(16.45
)
Net loss
 
 
(15.79
)
 
 
(14.91
)
 
 
(21.57
)
 
 
(22.48
)
Net asset value per unit, December 31, 2011
 
$
123.17
 
 
$
98.77
 
 
$
81.35
 
 
$
77.24
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net asset value per unit, December 31, 2011
 
$
123.17
 
 
$
98.77
 
 
$
81.35
 
 
$
77.24
 
Net loss:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net investment loss
 
 
(4.88
)
 
 
(5.84
)
 
 
(3.81
)
 
 
(5.03
)
Net loss on investments
 
 
(3.41
)
 
 
(2.64
)
 
 
(4.08
)
 
 
(3.85
)
Net loss
 
 
(8.29
)
 
 
(8.48
)
 
 
(7.89
)
 
 
(8.88
)
Net asset value per unit, December 31, 2012
 
$
114.88
 
 
$
90.29
 
 
$
73.46
 
 
$
68.36
 
 
Ratios to average members' capital and total return
The following represents ratios to average members' capital and total return for the years ended December 31, 2012 and 2011 for the Blended Strategies Portfolio:
 
 
Blended Strategies Portfolio
 
 
Class 0
 
 
Class 2
 
 
2012
 
 
2011
 
 
2012
 
 
2011
 
 
 
 
 
 
 
 
 
 
 
 
 
Total return before Incentive Allocation
 
 
(6.73
)%
 
 
(11.35
)%
 
 
(8.59
)%
 
 
(13.11
)%
Incentive Allocation
 
 
(0.00
)
 
 
(0.01
)
 
 
(0.00
)
 
 
(0.01
)
Total return after Incentive Allocation
 
 
(6.73
)%
 
 
(11.36
)%
 
 
(8.59
)%
 
 
(13.12
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net investment loss before Incentive Allocation
 
 
(3.96
)%
 
 
(3.97
)%
 
 
(5.91
)%
 
 
(5.85
)%
Incentive Allocation
 
 
(0.00
)
 
 
(0.01
)
 
 
(0.00
)
 
 
(0.01
)
Net investment loss after Incentive Allocation
 
 
(3.96
)%
 
 
(3.98
)%
 
 
(5.91
)%
 
 
(5.86
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total expenses before Incentive Allocation
 
 
5.13
%
 
 
5.15
%
 
 
7.18
%
 
 
7.16
%
Incentive Allocation
 
 
0.00
 
 
 
0.01
 
 
 
0.00
 
 
 
0.01
 
Total expenses after Incentive Allocation
 
 
5.13
%
 
 
5.16
%
 
 
7.18
%
 
 
7.17
%
 
The following represents ratios to average members' capital and total return for the years ended December 31, 2012 and 2011 for the Systematic Strategies Portfolio:
 
 
Systematic Strategies Portfolio
 
 
Class 0
 
 
Class 2
 
 
2012
 
 
2011
 
 
2012
 
 
2011
 
 
 
 
 
 
 
 
 
 
 
 
 
Total return before Incentive Allocation
 
 
(9.70
)%
 
 
(20.95
)%
 
 
(11.50
)%
 
 
(22.53
)%
Incentive Allocation
 
 
(0.00
)
 
 
(0.01
)
 
 
(0.00
)
 
 
(0.01
)
Total return after Incentive Allocation
 
 
(9.70
)%
 
 
(20.96
)%
 
 
(11.50
)%
 
 
(22.54
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net investment loss before Incentive Allocation
 
 
(4.68
)%
 
 
(4.27
)%
 
 
(6.52
)%
 
 
(6.03
)%
Incentive Allocation
 
 
(0.00
)
 
 
(0.01
)
 
 
(0.00
)
 
 
(0.01
)
Net investment loss after Incentive Allocation
 
 
(4.68
)%
 
 
(4.28
)%
 
 
(6.52
)%
 
 
(6.04
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total expenses before Incentive Allocation
 
 
5.22
%
 
 
5.20
%
 
 
7.16
%
 
 
7.25
%
Incentive Allocation
 
 
0.00
 
 
 
0.01
 
 
 
(0.00
)
 
 
0.01
 
Total expenses after Incentive Allocation
 
 
5.22
%
 
 
5.21
%
 
 
7.16
%
 
 
7.26
%