10. FINANCIAL HIGHLIGHTS (Tables)

9 Months Ended

Sep. 30, 2019

Quarterly Financial Information Disclosure [Abstract]

Financial highlights of the Partnership

The following information presents the financial highlights of the Partnership for the three and nine months ended September 30, 2019 and 2018. This information has been derived from information presented in the financial statements.

	Three Months ended September 30, 2019
							Institutional
	Class A			Class B			Interest
Total return for Limited Partners (2)
Total return prior to incentive fees		(2.77%	)		(2.30%	)		(2.09%	)
Incentive fees		0.00%			(0.00%	)		0.00%
Total return after incentive fees		(2.77%	)		(2.30%	)		(2.09%	)
Ratio to average net asset value
Expenses prior to incentive fees (1)		5.39%			3.47%			2.64%
Incentive fees (2)		0.00%			0.00%			0.00%
Total expenses		5.39%			3.47%			2.64%
Net investment loss (1) (3)		(3.29%	)		(1.37%	)		(0.53%	)

	Nine Months ended September 30, 2019
							Institutional
	Class A			Class B			Interest
Total return for Limited Partners (2)
Total return prior to incentive fees		(11.70%	)		(10.38%	)		(9.81%	)
Incentive fees		0.00%			(0.09%	)		0.00%
Total return after incentive fees		(11.70%	)		(10.47%	)		(9.81%	)
Ratio to average net asset value
Expenses prior to incentive fees (1)		4.98%			3.22%			2.25%
Incentive fees (2)		0.00%			0.10%			0.00%
Total expenses		4.98%			3.32%			2.25%
Net investment loss (1) (3)		(2.90%	)		(1.14%	)		(0.16%	)

	Three Months ended September 30, 2018
						Institutional
	Class A			Class B		Interest
Total return for Limited Partners (2)
Total return prior to incentive fees		2.62%			2.14%		1.93%
Incentive fees		0.00%			0.00%		0.01%
Total return after incentive fees		2.62%			2.14%		1.94%
Ratio to average net asset value
Expenses prior to incentive fees (1)		4.75%			2.84%		1.87%
Incentive fees (2)		0.00%			0.00%		0.01%
Total expenses		4.75%			2.84%		1.88%
Net investment loss (1) (3)		(2.80%	)		0.93%		(0.10%	)

	Nine Months ended September 30, 2018
							Institutional
	Class A			Class B			Interest
Total return for Limited Partners (2)
Total return prior to incentive fees		(6.91%	)		(5.51%	)		(4.91%	)
Incentive fees		0.00%			0.00%			(0.01%	)
Total return after incentive fees		(6.91%	)		(5.51%	)		(4.92%	)
Ratio to average net asset value
Expenses prior to incentive fees (1)		4.65%			2.69%			1.80%
Incentive fees (2)		0.01%			0.00%			0.01%
Total expenses		4.66%			2.69%			1.81%
Net investment loss (1) (3)		(3.05%	)		(1.09%	)		(0.27%	)

Total return and the ratios to average net asset value are calculated for each class of Limited Partners’ capital taken as a whole. An individual Limited Partner’s total return and ratios may vary from the above returns and ratios due to the timing of their contributions and withdrawals and differing fee structures.

Total return is calculated on a monthly compounded basis

(1) Annualized.

(2) Not annualized.

(3) Excludes incentive fee.