v3.26.1
Statements of Financial Condition - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Assets:    
Investment in the Funds, at fair value [1] $ 11,847,983 $ 17,511,230
Redemptions receivable from the Funds 702,858 3,866,784
Equity in related party trading account:    
Unrestricted cash 79,042,378 98,005,370
Restricted cash 5,167,871 7,364,913
Foreign cash (cost $506,181 and $173,642 at December 31, 2025 and 2024, respectively) 552,502 179,838
Net unrealized appreciation on open futures/forward contracts 1,057,062 0
Options purchased, at fair value (premiums paid $7,705,730 and $6,183,472 at December 31, 2025 and 2024, respectively) [2] 6,674,073 5,354,371
Total equity in related party trading account 92,493,886 110,904,492
Interest receivable 290,608 369,641
Total assets 105,335,335 132,652,147
Liabilities:    
Net unrealized depreciation on open futures/forward contracts 0 398,865
Options written, at fair value (premiums received $4,026,188 and $3,312,604 at December 31, 2025 and 2024, respectively) [3] 3,133,651 3,281,715
Accrued expenses:    
Ongoing selling agent fees 62,242 78,946
Management fees 100,768 120,743
General Partner fees 63,720 80,446
Incentive fees 0 663,398
Professional fees 187,798 178,793
Redemptions payable to General Partner 210,000 149,980
Redemptions payable to Limited Partners 2,020,957 4,504,014
Total liabilities 5,779,136 9,456,900
Partners' Capital:    
Total partners' capital (net asset value) 99,556,199 123,195,247
Total liabilities and partners' capital 105,335,335 132,652,147
Futures [Member]    
Equity in related party trading account:    
Net unrealized appreciation on open futures/forward contracts 506,700 0
Liabilities:    
Net unrealized depreciation on open futures/forward contracts 0 200,937
Forwards [Member]    
Liabilities:    
Net unrealized depreciation on open futures/forward contracts 0 197,928
Class Z [Member]    
Partners' Capital:    
General Partner 1,080,340 1,317,374
Limited Partners 1,314,516 926,342
Total partners' capital (net asset value) $ 2,394,856 $ 2,243,716
Net asset value per Redeemable Unit $ 2,143.05 $ 2,187.95
Class A [Member]    
Partners' Capital:    
Limited Partners $ 96,958,704 $ 120,743,082
Total partners' capital (net asset value) $ 96,958,704 $ 120,743,082
Net asset value per Redeemable Unit $ 2,553.98 $ 2,627.2
Class D [Member]    
Partners' Capital:    
Limited Partners $ 202,639 $ 208,449
Total partners' capital (net asset value) $ 202,639 $ 208,449
Net asset value per Redeemable Unit $ 2,025.22 $ 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.