v3.25.2
Statements of Financial Condition - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Investment in the Fund, at fair value [1] $ 14,010,036 $ 17,511,230
Redemptions receivable from the Fund 40,058 3,866,784
Equity in trading account:    
Unrestricted cash 96,215,759 98,005,370
Restricted cash 4,925,480 7,364,913
Foreign cash (cost  $417,002 and  $173,642 at June 30, 2025 and December 31, 2024, respectively) 472,934 179,838
Net unrealized appreciation on open contracts 640,612 0
Options purchased, at fair value (premiums paid  $4,522,303 and  $6,183,472 at June 30, 2025 and December 31, 2024, respectively) [2] 3,329,589 5,354,371
Total equity in trading account 105,584,374 110,904,492
Interest receivable 333,392 369,641
Total assets 119,967,860 132,652,147
Liabilities:    
Net unrealized depreciation on open futures/forward contracts 78,698 398,865
Options written, at fair value (premiums received  $670,148 and  $3,312,604 at June 30, 2025 and December 31, 2024, respectively) [3] 606,538 3,281,715
Accrued expenses:    
Ongoing selling agent fees 73,122 78,946
Management fees 111,279 120,743
General Partner fees 74,369 80,446
Incentive fees 0 663,398
Professional fees 219,864 178,793
Redemptions payable to General Partner 0 149,980
Redemptions payable to Limited Partners 2,761,436 4,504,014
Total liabilities 3,925,306 9,456,900
Partners' Capital:    
Total partners' capital (net asset value) 116,042,554 123,195,247
Total liabilities and partners' capital 119,967,860 132,652,147
Futures [Member]    
Equity in trading account:    
Net unrealized appreciation on open contracts 640,612 0
Liabilities:    
Net unrealized depreciation on open futures/forward contracts 0 200,937
Forwards [Member]    
Liabilities:    
Net unrealized depreciation on open futures/forward contracts 78,698 197,928
Class Z [Member]    
Partners' Capital:    
General Partner 1,347,295 1,317,374
Limited Partners 932,898 926,342
Total partners' capital (net asset value) $ 2,280,193 $ 2,243,716
Net asset value per Redeemable Unit $ 2,237.64 $ 2,187.95
Class A [Member]    
Partners' Capital:    
Limited Partners $ 113,549,978 $ 120,743,082
Total partners' capital (net asset value) $ 113,549,978 $ 120,743,082
Net asset value per Redeemable Unit $ 2,676.77 $ 2,627.2
Class D [Member]    
Partners' Capital:    
Limited Partners $ 212,383 $ 208,449
Total partners' capital (net asset value) $ 212,383 $ 208,449
Net asset value per Redeemable Unit $ 2,122.6 $ 2,083.28
[1] Defined in Note 1.
[2] This amount is in “Options purchased, at fair value” in the Statements of Financial Condition.
[3] This amount is in “Options written, at fair value” in the Statements of Financial Condition.