Financial Highlights

6 Months Ended

Jun. 30, 2011

2. Financial Highlights:

Changes in the net asset value per redeemable unit for the three and six months ended June 30, 2011 were as follows:


										For the period
										February 1, 2011
										(commencement
	Three Months Ended						Six Months Ended			of operations) to
	June 30, 2011						June 30, 2011			June 30, 2011
	Class A			Class D			Class A			Class D
Net realized and unrealized gains (losses) *	$	(77.71	)	$	(65.06	)	$	(56.99	)	$	(77.42	)
Expenses **		(9.15	)		(8.22	)		(20.87	)		(12.15	)

Increase (decrease) for the period		(86.86	)		(73.28	)		(77.86	)		(89.57	)
Net asset value per Unit, beginning of period		1,087.16			983.71			1,078.16			1,000.00

Net asset value per Unit, end of period	$	1,000.30		$	910.43		$	1,000.30		$	910.43

Redemption/subscription value per Unit, end of period***	$	1,000.43		$	910.61		$	1,000.43		$	910.61


*		Includes brokerage fees.

**		Excludes brokerage fees.

***		GAAP net asset value per unit adjusted for the remaining accrued liability for reimbursement of organizational costs (Note 3).


	Class A			Class D			Class A			Class D
Ratios to average net assets:****
Net investment income (loss) *****		(7.4	)%		(4.4	)%		(7.4	)%		(4.0	)%

Operating expenses		7.4	%		4.4	%		7.4	%		4.0	%
Incentive fees		—	%******		(0.1	)%		—	%******		(0.2	)%

Total expenses		7.4	%		4.3	%		7.4	%		3.8	%


Total return:
Total return before incentive fees		(8.0	)%		(7.5	)%		(7.2	)%		(9.1	)%
Incentive fees		—	%******		—	%******		—	%******		0.1	%

Total return after incentive fees		(8.0	)%		(7.5	)%		(7.2	)%		(9.0	)%



****		Annualized.

*****		Interest income less operating expenses which exclude incentive fees allocated from the Trading Company.

******		Due to rounding.

The above ratios may vary for individual investors based on the timing of capital transactions during the period. Additionally, these ratios are calculated for the limited partner class using the limited partners’ share of income, expenses and average net assets.

Financial Highlights of the Trading Company:


	For the Three Months						For the Six Months
	Ended June 30,						Ended June 30,
	2011			2010			2011			2010
Ratios to average members’ capital: ⁽¹⁾
Net investment loss⁽²⁾		(1.77	)		(0.98	)		(1.76	)		(0.90	)
Expenses before incentive fees⁽²⁾		1.76			0.97			1.68			0.89
Expenses after incentive fees⁽²⁾		1.76			0.97			1.75			0.89
Net loss		(7.92	)		(10.42	)		(8.69	)		(13.47	)
Total return before incentive fees		(6.90	)		(10.19	)		(4.92	)		(13.02	)
Total return after incentive fees		(6.87	)		(10.19	)		(4.70	)		(13.02	)


⁽¹⁾		The calculation is based on non-managing Members’ allocated income and expenses and average non-managing Members’ Capital.

⁽²⁾		Annualized except for incentive fees.