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Derivatives and Hedging (Tables)
 12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities, Disclosures [Line Items]  
Offsetting Of Derivative Assets And Liabilities
Spectrum Select

Offsetting of Derivative Assets and Liabilities as of December 31, 2014:

  
Gross Amounts
Recognized
  
Gross Amounts
Offset in the
Statements of
Financial
Condition
  
Net Amounts
Presented in the
Statements of
Financial
Condition
 
  
$
  
$
  
$
 
Assets
            
Futures
  
7,228,527
   
(1,519,724
)
  
5,708,803
 
Forwards
  
2,346,025
   
(1,592,346
)
  
753,679
 
             
Total Assets
  
9,574,552
   
(3,112,070
)
  
6,462,482
 
             
Liabilities
            
Futures
  
(1,519,724
)
  
1,519,724
   
–
 
Forwards
  
(1,592,346
)
  
1,592,346
   
–
 
             
Total Liabilities
  
(3,112,070
)
  
3,112,070
   
–
 
             
Unrealized currency loss
          
(669,947
)
             
Total net unrealized gain on open contracts
          
5,792,535
 

Offsetting of Derivative Assets and Liabilities as of December 31, 2013:

  
Gross Amounts
Recognized
  
Gross Amounts
Offset in the
Statements of
Financial
Condition
  
Net Amounts
Presented in the
Statements of
Financial
Condition
 
  
$
  
$
  
$
 
Assets
            
Futures
  
9,894,085
   
(3,011,012
)
  
6,883,073
 
Forwards
  
528,063
   
(69,127
)
  
458,936
 
             
Total Assets
  
10,422,148
   
(3,080,139
)
  
7,342,009
 
             
Liabilities
            
Futures
  
(3,011,012
)
  
3,011,012
   
–
 
Forwards
  
(69,127
)
  
69,127
   
–
 
             
Total Liabilities
  
(3,080,139
)
  
3,080,139
   
–
 
             
Unrealized currency loss
          
(689,577
)
             
Total net unrealized gain on open contracts
          
6,652,432
 
Schedule of Effect of Trading Activities on the Statements of Financial Condition
The effect of Trading Activities on the Statements of Financial Condition as of December 31, 2014 and 2013:

December 31, 2014

 
 
 
 
 
 
Futures and Forward Contracts
 
 
 
 
 
Long
Unrealized
Gain
  
 
 
 
 
Long
Unrealized
Loss
  
 
 
 
 
Short
Unrealized
Gain
  
 
 
 
 
Short
Unrealized
Loss
  
 
 
 
 
Net
Unrealized
Gain/(Loss)
  
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
  
$
  
$
  
$
  
$
  
$
   
Commodity
  
282,336
   
(2,191,868
)
  
4,475,726
   
(216,133
)
  
2,350,061
   
4,302
 
Equity
  
515,619
   
(278,910
)
  
7,778
   
(105,700
)
  
138,787
   
1,107
 
Foreign currency
  
161,381
   
(109,346
)
  
1,083,928
   
(92,427
)
  
1,043,536
   
1,707
 
Interest rate
  
3,045,534
   
(116,781
)
  
2,250
   
(905
)
  
2,930,098
   
4,621
 
Total
  
4,004,870
   
(2,696,905
)
  
5,569,682
   
(415,165
)
  
6,462,482
     
Unrealized currency loss
                  
(669,947
)
    
Total net unrealized gain on open contracts
                  
5,792,535
     
 
 
December 31, 2013

 
 
 
 
 
 
Futures and Forward Contracts
 
 
 
 
 
Long
Unrealized
Gain
  
 
 
 
 
Long
Unrealized
Loss
  
 
 
 
 
Short
Unrealized
Gain
  
 
 
 
 
Short
Unrealized
Loss
  
 
 
 
 
Net
Unrealized
Gain/(Loss)
  
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
  
$
  
$
  
$
  
$
  $   
Commodity
  
561,914
   
(1,776,263
)
  
2,430,029
   
(322,157
)
  
893,523
   
4,153
 
Equity
  
3,462,235
   
–
   
36,105
   
(3,696
)
  
3,494,644
   
1,717
 
Foreign currency
  
1,474,046
   
(124,132
)
  
986,884
   
(59,129
)
  
2,277,669
   
3,214
 
Interest rate
  
61,862
   
(636,034
)
  
1,409,073
   
(158,728
)
  
676,173
   
5,741
 
Total
  
5,560,057
   
(2,536,429
)
  
4,862,091
   
(543,710
)
  
7,342,009
     
Unrealized currency loss
                  
(689,577
)
    
Total net unrealized gain on open contracts
                  
6,652,432
     

    
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
Option Contracts at Fair Value
   
  
$
    
Options purchased
  
–
   
3
 
Options written
  
–
   
2
 
Schedule of Effect of Trading Activities on the Statements of Income and Expenses
Spectrum Select

The effect of Trading Activities on the Statements of Income and Expenses for the years ended December 31, 2014, 2013, and 2012, included in Total Trading Results:

  
December 31,
 
  
2014
  
2013
  
2012
 
Type of Instrument
 
$
  
$
  
$
 
Commodity
  
11,295,753
   
(8,240,610
)
  
(12,872,729
)
Equity
  
(3,990,077
)
  
17,236,173
   
6,993,095
 
Foreign currency
  
4,165,976
   
69,245
   
(2,206,555
)
Interest rate
  
9,213,718
   
(3,637,449
)
  
1,388,041
 
Unrealized currency gain
  
19,627
   
514,288
   
99,725
 
Total
  
20,704,997
   
5,941,647
   
(6,598,423
)
 
Line items on the Statements of Income and Expenses for the years ended December 31, 2014, 2013, and 2012:

  
December 31,
 
  
2014
  
2013
  
2012
 
Trading Results
 
$
  
$
  
$
 
Net realized
  
21,564,894
   
1,840,569
   
(2,747,878
)
Net change in unrealized
  
(859,897
)
  
4,101,078
   
(3,850,545
)
Total
  
20,704,997
   
5,941,647
   
(6,598,423
)
Morgan Stanley Smith Barney Spectrum Currency and Commodity L.P. [Member]  
Derivative Instruments and Hedging Activities, Disclosures [Line Items]  
Schedule of Effect of Trading Activities on the Statements of Financial Condition
The effect of Trading Activities on the Statements of Financial Condition as of December 31, 2013:

 
 
 
 
 
 
Futures and Forward Contracts
 
 
 
 
 
Long
Unrealized
Gain
  
 
 
 
 
Long
Unrealized
Loss
  
 
 
 
 
Short
Unrealized
Gain
  
 
 
 
 
Short
Unrealized
Loss
  
 
 
 
 
Net
Unrealized
Gain (Loss)
  
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
  
$ 
  
$ 
  
$
  
$
  
$
    
Foreign currency
  
–
   
–
   
–
   
–
   
–
   
826
 
Total
  
–
   
–
   
–
   
–
   
–
     
Unrealized currency gain (loss)
                  
–
     
Total net unrealized gain (loss) on open contracts
                  
–
     

    
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
Option Contracts at Fair Value
   
  
$
    
Options purchased
  
–
   
1
 
Morgan Stanley Smith Barney Spectrum Technical L.P. [Member]  
Derivative Instruments and Hedging Activities, Disclosures [Line Items]  
Offsetting Of Derivative Assets And Liabilities
Spectrum Technical
 
Offsetting of Derivative Assets and Liabilities as of December 31, 2014:

  
Gross Amounts
Recognized
  
Gross Amounts
Offset in the
Statements of
Financial
Condition
  
Net Amounts
Presented in the
Statements of
Financial
Condition
 
  
$
  
$
  
$
 
Assets
            
Futures
  
4,533,559
   
(797,767
)
  
3,735,792
 
Forwards
  
2,011,895
   
(1,677,220
)
  
334,675
 
             
Total Assets
  
6,545,454
   
(2,474,987
)
  
4,070,467
 
             
Liabilities
            
Futures
  
(797,767
)
  
797,767
   
–
 
Forwards
  
(1,677,220
)
  
1,677,220
   
–
 
             
Total Liabilities
  
(2,474,987
)
  
2,474,987
   
–
 
             
Unrealized currency loss
          
(3,465,597
)
             
Total net unrealized gain on open contracts
          
604,870
 

Offsetting of Derivative Assets and Liabilities as of December 31, 2013:
 
  
Gross Amounts
Recognized
  
Gross Amounts
Offset in the
Statements of
Financial
Condition
  
Net Amounts
Presented in the
Statements of
Financial
Condition
 
  
$
  
$
  
$
 
Assets
            
Futures
  
5,404,721
   
(1,139,524
)
  
4,265,197
 
Forwards
  
728,738
   
(320,514
)
  
408,224
 
             
Total Assets
  
6,133,459
   
(1,460,038
)
  
4,673,421
 
             
Liabilities
            
Futures
  
(1,139,524
)
  
1,139,524
   
–
 
Forwards
  
(320,514
)
  
320,514
   
–
 
             
Total Liabilities
  
(1,460,038
)
  
1,460,038
   
–
 
             
Unrealized currency loss
          
(3,447,831
)
             
Total net unrealized gain on open contracts
          
1,225,590
 
Schedule of Effect of Trading Activities on the Statements of Financial Condition
The effect of Trading Activities on the Statements of Financial Condition as of December 31, 2014 and 2013:

December 31, 2014

 
 
 
 
 
 
Futures and Forward Contracts
 
 
 
 
 
Long
Unrealized
Gain
  
 
 
 
 
Long
Unrealized
Loss
  
 
 
 
 
Short
Unrealized
Gain
  
 
 
 
 
Short
Unrealized
Loss
  
 
 
 
 
Net
Unrealized
Gain/(Loss)
  
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
  
$
  
$
  
$
  
$
  
$
   
Commodity
  
35,163
   
(640,745
)
  
1,817,116
   
(81,599
)
  
1,129,935
   
1,561
 
Equity
  
713,684
   
(173,835
)
  
17,967
   
(76,616
)
  
481,200
   
1,203
 
Foreign currency
  
267,933
   
(1,043,641
)
  
1,855,362
   
(290,158
)
  
789,496
   
1,355
 
Interest rate
  
1,829,953
   
(149,230
)
  
8,276
   
(19,163
)
  
1,669,836
   
4,328
 
Total
  
2,846,733
   
(2,007,451
)
  
3,698,721
   
(467,536
)
  
4,070,467
     
Unrealized currency loss
                  
(3,465,597
)
    
Total net unrealized gain on open contracts
                  
604,870
 
    

December 31, 2013

 
 
 
 
 
 
Futures and Forward Contracts
 
 
 
 
 
Long
Unrealized
Gain
  
 
 
 
 
Long
Unrealized
Loss
  
 
 
 
 
Short
Unrealized
Gain
  
 
 
 
 
Short
Unrealized
Loss
  
 
 
 
 
Net
Unrealized
Gain/(Loss)
  
Average
Number of
Contracts
Outstanding
for the Year
(Absolute
Quantity)
 
  
$
  
$
  
$
  
$
  
$
   
Commodity
  
182,135
   
(386,829
)
  
893,327
   
(124,717
)
  
563,916
   
1,300
 
Equity
  
3,110,927
   
(1,174
)
  
28,444
   
(5,500
)
  
3,132,697
   
1,458
 
Foreign currency
  
539,752
   
(239,072
)
  
601,972
   
(104,361
)
  
798,291
   
4,080
 
Interest rate
  
152,993
   
(553,425
)
  
623,909
   
(44,960
)
  
178,517
   
3,501
 
Total
  
3,985,807
   
(1,180,500
)
  
2,147,652
   
(279,538
)
  
4,673,421
     
Unrealized currency loss
                  
(3,447,831
)
    
Total net unrealized gain on open contracts
                  
1,225,590
 
    
Schedule of Effect of Trading Activities on the Statements of Income and Expenses
Spectrum Technical

The effect of Trading Activities on the Statements of Income and Expenses for the years ended December 31, 2014, 2013, and 2012, included in Total Trading Results:

  
December 31,
 
  
2014
  
2013
  
2012
 
Type of Instrument
 
$
  
$
  
$
 
Commodity
  
3,173,650
   
1,447,554
   
7,806,061
 
Equity
  
3,873,373
   
16,778,460
   
(58,323,819
)
Foreign currency
  
(6,165,114
)
  
1,893,467
   
(30,995,834
)
Interest rate
  
20,943,980
 
  
(10,210,043
)
  
68,102,911
 
Unrealized currency gain (loss)
  
(52,678
)
  
35,320
   
(6,376,922
)
Total
  
21,773,211
   
9,944,758
   
(19,787,603
)

Line items on the Statements of Income and Expenses for the years ended December 31, 2014, 2013, and 2012:

  
December 31,
 
  
2014
  
2013
  
2012
 
Trading Results
 
$
  
$
  
$
 
Net realized
  
22,532,708
   
7,217,969
   
(6,219,265
)
Net change in unrealized
  
(620,720
)
  
2,267,134
   
(9,809,697
)
Realized gain (loss) on Investment in Blackwater Master Fund
  
668,573
   
396,051
   
(4,657,167
)
Unrealized appreciation (depreciation) on Investment in Blackwater Master Fund
  
(807,350
)
  
63,604
   
898,526
 
Total Trading Results
  
21,773,211
   
9,944,758
   
(19,787,603
)