Global Diversified Futures Fund (GDFF) 10-Q 12 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 31, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	GDFF
Entity Registrant Name	GLOBAL DIVERSIFIED FUTURES FUND L.P.
Entity Central Index Key	1,068,237
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		8,609.5788

Statements of Financial Conditi

Statements of Financial Condition - USD ($)		Sep. 30, 2015	Dec. 31, 2014
Assets:
Investment in Funds, at fair value	[1]	$ 9,687,065	$ 15,044,274
Redemptions receivable from Funds		4,444,524
Cash		114,875	51,485
Total assets		14,246,464	15,095,759
Accrued expenses:
Ongoing selling agent fees		23,744	25,160
Management fees		12,835	14,819
General Partner fees		10,571	11,242
Incentive Fees		53,637	13,643
Other		128,630	81,895
Redemptions payable		134,083	43,986
Total liabilities		363,500	190,745
Partners' Capital:
General Partner, 100.5634 Redeemable Units outstanding at September 30, 2015 and December 31, 2014		159,372	161,414
Limited Partners, 8,659.5788 and 9,185.4848 Redeemable Units outstanding at September 30, 2015 and December 31, 2014, respectively		13,723,592	14,743,600
Total partners' capital		13,882,964	14,905,014
Total liabilities and partners' capital		$ 14,246,464	$ 15,095,759
Net asset value per unit		$ 1,584.79	$ 1,605.10
[1]	Defined in Note 1.

Statements of Financial Condit3

Statements of Financial Condition (Parenthetical) - shares	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
General Partner capital, Redeemable units outstanding	100.5634	100.5634
Limited Partners capital, Redeemable units outstanding	8,659.5788	9,185.4848

Schedule of Investments

Schedule of Investments - USD ($)		Sep. 30, 2015	Dec. 31, 2014	Nov. 01, 2005	Mar. 01, 2005
Schedule of Investments [Line Items]
Total investment in Funds, at fair value	[1]	$ 9,687,065	$ 15,044,274
Investment in Funds
Percentage of Partner's Capital		69.77%	100.93%
CMF Aspect Master Fund L.P. [Member]
Schedule of Investments [Line Items]
Total investment in Funds, at fair value		$ 5,636,887	$ 6,726,238		$ 1,060,214
Investment in Funds
Percentage of Partner's Capital		40.60%	45.12%
CMF Altis Partners Master Fund L.P. [Member]
Schedule of Investments [Line Items]
Total investment in Funds, at fair value		$ 4,050,178	$ 4,269,884	$ 1,785,785
Investment in Funds
Percentage of Partner's Capital		29.17%	28.65%
Blackwater Master Fund L.P. [Member]
Schedule of Investments [Line Items]
Total investment in Funds, at fair value			$ 4,048,152
Investment in Funds
Percentage of Partner's Capital			27.16%
[1]	Defined in Note 1.

Statements of Income and Expens

Statements of Income and Expenses and Changes in Partners' Capital	USD ($)$ / sharesshares
Trading results:
Net asset value per Unit (8,760.1422 and 9,451.7482 Units outstanding at September 30, 2015 and 2014, respectively) | $ / shares	$ 1,436.62
Interest income allocated from Funds	$ 1,678
Ongoing selling agent fees	388,171
Expenses allocated from Funds	49,165
Management fees	119,113
Other	135,847
Total expenses	692,296
Net investment income (loss)	(690,618)
Net realized gains (losses) on investments allocated from Funds	1,144,310
Net change in net unrealized gains (losses) on investments allocated from Funds	(231,421)
Total trading results	912,889
Net Income (Loss)	222,271
Redemptions-Limited Partners	(1,306,869)
Redemptions-General Partner	(15,184)
Net increase (decrease) in Partners' Capital	(1,099,782)
Partners' Capital, beginning of period at Dec. 31, 2013	14,952,043
Partners' Capital, end of period at Sep. 30, 2014	$ 13,852,261
Trading results:
Net income (loss) per unit | $ / shares	$ 28.96	[1]
Weighted average units outstanding | shares	10,101.7575
Net asset value per Unit (8,760.1422 and 9,451.7482 Units outstanding at September 30, 2015 and 2014, respectively) | $ / shares	$ 1,377.61
Interest income allocated from Funds	$ 351
Ongoing selling agent fees	100,872
Expenses allocated from Funds	19,135
Management fees	40,171
Other	48,300
Total expenses	208,478
Net investment income (loss)	(208,127)
Net realized gains (losses) on investments allocated from Funds	885,806
Net change in net unrealized gains (losses) on investments allocated from Funds	177,447
Total trading results	1,063,253
Net Income (Loss)	855,126
Redemptions-Limited Partners	(585,847)
Redemptions-General Partner	(15,184)
Net increase (decrease) in Partners' Capital	254,095
Partners' Capital, beginning of period at Jun. 30, 2014	13,598,166
Partners' Capital, end of period at Sep. 30, 2014	$ 13,852,261
Trading results:
Net income (loss) per unit | $ / shares	$ 87.97	[1]
Weighted average units outstanding | shares	9,790.5629
Net asset value per Unit (8,760.1422 and 9,451.7482 Units outstanding at September 30, 2015 and 2014, respectively) | $ / shares	$ 1,465.58
Net asset value per Unit (8,760.1422 and 9,451.7482 Units outstanding at September 30, 2015 and 2014, respectively) | $ / shares	$ 1,605.10
Interest income allocated from Funds	$ 789
Ongoing selling agent fees	221,419
Expenses allocated from Funds	64,197
General Partner fees	98,596
Management fees	126,088
Incentive fees	53,637
Other	183,108
Total expenses	747,045
Net investment income (loss)	(746,256)
Net realized gains (losses) on investments allocated from Funds	1,351,830
Net change in net unrealized gains (losses) on investments allocated from Funds	(786,252)
Total trading results	565,578
Net Income (Loss)	(180,678)
Redemptions-Limited Partners	(841,372)
Net increase (decrease) in Partners' Capital	(1,022,050)
Partners' Capital, beginning of period at Dec. 31, 2014	14,905,014
Partners' Capital, end of period at Sep. 30, 2015	$ 13,882,964
Trading results:
Net income (loss) per unit | $ / shares	$ (20.31)	[1]
Weighted average units outstanding | shares	9,081.0161
Net asset value per Unit (8,760.1422 and 9,451.7482 Units outstanding at September 30, 2015 and 2014, respectively) | $ / shares	$ 1,491.62
Interest income allocated from Funds	$ 299
Ongoing selling agent fees	70,751
Expenses allocated from Funds	24,271
General Partner fees	31,481
Management fees	39,011
Incentive fees	53,637
Other	56,037
Total expenses	275,188
Net investment income (loss)	(274,889)
Net realized gains (losses) on investments allocated from Funds	466,618
Net change in net unrealized gains (losses) on investments allocated from Funds	640,784
Total trading results	1,107,402
Net Income (Loss)	832,513
Redemptions-Limited Partners	(351,784)
Net increase (decrease) in Partners' Capital	480,729
Partners' Capital, beginning of period at Jun. 30, 2015	13,402,235
Partners' Capital, end of period at Sep. 30, 2015	$ 13,882,964
Trading results:
Net income (loss) per unit | $ / shares	$ 93.17	[1]
Weighted average units outstanding | shares	8,915.6229
Net asset value per Unit (8,760.1422 and 9,451.7482 Units outstanding at September 30, 2015 and 2014, respectively) | $ / shares	$ 1,584.79
[1]	Represents the change in net asset value per unit during the period.

Statements of Income and Expen6

Statements of Income and Expenses and Changes in Partners' Capital (Parenthetical) - shares	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Net asset value, units outstanding	8,760.1422	9,451.7482

Organization

Organization	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Organization	1. Organization: Global Diversified Futures Fund L.P. (the “Partnership”) is a limited partnership organized under the partnership laws of the State of New York on June 15, 1998, to engage, directly or indirectly, in the speculative trading of a diversified portfolio of commodity interests, including futures, option, swap and forward contracts on United States exchanges and certain foreign exchanges. The sectors traded include currencies, energy, grains, indices, metals, softs, livestock, lumber and U.S. and non-U.S. interest rates. The commodity interests that are traded by the Partnership, through its investment in the Funds (as defined below) are volatile and involve a high degree of market risk. The Partnership commenced trading on February 2, 1999. The General Partner may also determine to invest up to all of the Partnership’s assets in United States (“U.S.”) Treasury bills. The Partnership was authorized to sell up to 100,000 redeemable units (“Redeemable Units”) during its initial offering period. The Partnership no longer offers Redeemable Units for sale. Ceres Managed Futures LLC, a Delaware limited liability company (the “General Partner”), acts as the general partner and commodity pool operator of the Partnership. The General Partner is wholly owned by Morgan Stanley Smith Barney Holdings LLC (“MSSB Holdings”). MSSB Holdings is ultimately owned by Morgan Stanley. Morgan Stanley is a publicly held company whose shares are listed on the New York Stock Exchange. Morgan Stanley is engaged in various financial services and other businesses. Prior to June 28, 2013, Morgan Stanley indirectly owned a majority equity interest in MSSB Holdings, and Citigroup Inc. indirectly owned a minority equity interest in MSSB Holdings. Prior to July 31, 2009, the date as of which MSSB Holdings became its owner, the General Partner was wholly owned by Citigroup Financial Products Inc., a wholly owned subsidiary of Citigroup Global Markets Holdings Inc., the sole owner of which is Citigroup Inc. As of September 30, 2015, all commodity trading decisions for the Partnership are made by Aspect Capital Limited (“Aspect”) and Altis Partners (Jersey) Limited (“Altis”) (each, an “Advisor” and collectively, the “Advisors”), each of which is a registered commodity trading advisor. Each Advisor is allocated a portion of the Partnership’s assets to manage. The Partnership invests the portion of its assets allocated to each Advisor indirectly through investments in the Funds. Blackwater Capital Management LLC (“Blackwater”) was terminated as an advisor to the Partnership as of September 30, 2015. References herein to “Advisor” shall also include Blackwater, as appropriate. As of September 30, 2015, the Partnership’s/Funds’ commodity broker was Morgan Stanley & Co. LLC (“MS&Co.”), a registered futures commission merchant. MS&Co. is a wholly owned subsidiary of Morgan Stanley. CMF Aspect Master Fund L.P. (“Aspect Master”) and CMF Altis Partners Master Fund L.P. (“Altis Master”, together with Aspect Master, the “Funds”) have entered into a futures brokerage account agreement with MS&Co. Aspect Master has also entered into a foreign exchange brokerage account agreement with MS&Co. Blackwater Master Fund L.P. (“Blackwater Master”) (prior to its liquidation as of the close of business on September 30, 2015) also entered into a futures brokerage agreement with MS&Co. References herein to the “Funds” shall include Blackwater Master, as appropriate. The Partnership has also entered into a futures brokerage account agreement with MS&Co. The Partnership, through its investment in the Funds, pays MS&Co. trading fees for the clearing and, where applicable, execution of transactions. The Partnership has also entered into a selling agreement with Morgan Stanley Smith Barney LLC (d/b/a Morgan Stanley Wealth Management). Pursuant to the selling agreement, Morgan Stanley Wealth Management receives a monthly selling agent fee equal to 2.0% per year of adjusted net assets. The selling agent fee received by Morgan Stanley Wealth Management is shared with the properly registered/exempted financial advisers of Morgan Stanley Wealth Management who sell redeemable units in the Partnership. Effective April 1, 2014, the monthly ongoing selling agent fee was reduced from an annual rate of 5.4% to an annual rate of 2.9%. Effective October 1, 2014, the monthly ongoing selling agent fee was further reduced from an annual rate of 2.9% to its current annual rate of 2.0%. As of the same date, the Partnership began paying a General Partner fee (formerly, the administrative fee) at an annual rate of 0.9%. The October 1, 2014 fee changes offset each other and, accordingly, there was no change to the aggregate fees incurred by the Partnership. In July 2015, the General Partner delegated certain administrative functions to SS&C Technologies, Inc., a Delaware corporation, currently doing business as SS&C GlobeOp (the “Administrator”). Pursuant to a Master Services Agreement, the Administrator furnishes certain administrative, accounting, regulatory, reporting, tax and other services as agreed from time to time. In addition, the Administrator maintains certain books and records of the Partnership. The costs of retaining the Administrator is allocated among the pools operated by the General Partner, including the Partnership. Effective August 1, 2015, the monthly management fee paid to Altis was reduced from 1 12 1 12

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	2. Basis of Presentation and Summary of Significant Accounting Policies The accompanying financial statements and accompanying notes are unaudited but, in the opinion of the General Partner, include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the Partnership’s financial condition at September 30, 2015 and the results of its operations and changes in partners’ capital for the three and nine months ended September 30, 2015 and 2014. These financial statements present the results for interim periods and do not include all of the disclosures normally provided in annual financial statements. These financial statements should be read together with the financial statements and notes included in the Partnership’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2014. The December 31, 2014 information has been derived from the audited financial statements as of and for the year ended December 31, 2014. The preparation of financial statements and accompanying notes in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires the General Partner to make estimates and assumptions that affect the reported amounts of assets and liabilities, income and expenses, and related disclosures of contingent assets and liabilities in the financial statements and accompanying notes. As a result, actual results could differ from these estimates. Certain prior period amounts have been reclassified to conform to current period presentation. In the financial highlights, the ongoing selling agent fees and clearing fees allocated from the Funds which were previously included in the net realized and unrealized gains (losses) per unit and excluded from expenses per unit, are now excluded from the net realized and unrealized gains (losses) per unit and included in net investment loss per unit. This information was previously included as a footnote to the financial highlights table. Additionally, the clearing fees and other expenses allocated from the Funds which were previously disclosed separately on the Statements of Income and Expenses and Changes in Partners’ Capital, are now disclosed in aggregate as expenses allocated from the Funds. The General Partner and each limited partner of the Partnership (each, a “Limited Partner”) share in the profits and losses of the Partnership in proportion to the amount of Partnership interest owned by each, except that no Limited Partner is liable for obligations of the Partnership in excess of its capital contributions and profits, if any, or net of distributions or redemptions and losses, if any. Due to the nature of commodity trading, the results of operations for the interim periods presented should not be considered indicative of the results that may be expected for the entire year. Partnership’s Investment: Funds’ Investments: All commodity interests of the Funds (including derivative financial instruments and derivative commodity instruments) are held for trading purposes. The commodity interests are recorded on trade date and open contracts are recorded at fair value at the measurement date. Investments in commodity interests denominated in foreign currencies are translated into U.S. dollars at the exchange rates prevailing at the measurement date. Gains or losses are realized when contracts are liquidated. Unrealized gains or losses on open contracts are included as a component of equity in the trading account on the Funds’ Statements of Financial Condition. Net realized gains or losses and any net change in unrealized gains or losses from the preceding period are reported on the Funds’ Statements of Income and Expenses and Changes in Partners’ Capital. Investment Company Status Financial Services — Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements Income Taxes: Net Income (loss) per unit Financial Highlights. Recent Accounting Pronouncement: Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) There have been no material changes with respect to the Partnership’s critical accounting policies as reported in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2014.

Financial Highlights

Financial Highlights	9 Months Ended
	Sep. 30, 2015
Text Block [Abstract]
Financial Highlights	3. Financial Highlights: Financial highlights for the limited partner class as a whole for the three and nine months ended September 30, 2015 and 2014 were as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Net realized and unrealized gains $ 124.01 $ 109.23 $ 61.74 $ 97.18 Net investment loss (30.84 ) (21.26 ) (82.05 ) (68.22 ) Increase (decrease) for the period 93.17 87.97 (20.31 ) 28.96 Net asset value per unit, beginning of period 1,491.62 1,377.61 1,605.10 1,436.62 Net asset value per unit, end of period $ 1,584.79 $ 1,465.58 $ 1,584.79 $ 1,465.58 Three Months Ended Nine Months Ended 2015 2014 2015 2014 Ratios to average net assets:* Net investment loss** (6.8 )% (6.1 )% (6.8 )% (6.7 )% Operating expenses 6.4 % 6.1 % 6.4 % 6.8 % Incentive fees 0.4 % - % 0.4 % - % Total expenses 6.8 % 6.1 % 6.8 % 6.8 % Total return: Total return before incentive fees 6.6 % 6.4 % (0.9 )% 2.0 % Incentive fees (0.4 )% - % (0.4 )% - % Total return after incentive fees 6.2 % 6.4 % (1.3 )% 2.0 % * Annualized (other than incentive fees) ** Interest income less total expenses. The above ratios and total return 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 of the Partnership and includes the income and expenses allocated from the Funds.

Trading Activities

Trading Activities	9 Months Ended
	Sep. 30, 2015
Brokers and Dealers [Abstract]
Trading Activities	4. Trading Activities: The Partnership was formed for the purpose of trading contracts in a variety of commodity interests, including derivative financial instruments and derivative commodity interests. The Partnership invests substantially all of its assets through a “master/feeder” structure. The Partnership’s pro-rata share of the results of the Funds’ trading activities are shown on the Statements of Income and Expenses and Changes in Partners’ Capital. The customer agreement among the Partnership, MS&Co. and each of the Funds gives the Partnership and the Funds the legal right to net unrealized gains and losses on open futures and open forward contracts. The Funds net, for financial reporting purposes, the unrealized gains and losses on open futures and open forward contracts on the Funds’ Statements of Financial Condition as the criteria under Accounting Standards Codification 210 - Balance Sheet All of the commodity interests owned by the Funds are held for trading purposes. Trading and transaction fees are based on the number of trades executed by the Advisors for the Funds. All trading, exchange, clearing, user, give-up, floor brokerage and National Futures Association fees (collectively, the “clearing fees”) paid to MS&Co. are borne by the Funds and allocated to the limited partners, including the Partnership.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements: Funds’ Fair Value Measurements The Funds consider prices for exchange-traded commodity futures, forwards, swaps and options contracts to be based on unadjusted quoted prices in active markets for identical assets and liabilities (Level 1). The values of U.S. Treasury bills, non-exchange-traded forwards, swaps and certain options contracts for which market quotations are not readily available, are priced by broker-dealers or pricing services that derive fair values for those assets and liabilities from observable inputs (Level 2). As of and for the periods ended September 30, 2015 and December 31, 2014, the Funds’ investments were classified as either Level 1 or Level 2 and the Funds did not hold any derivative instruments that were priced at fair value using unobservable inputs through the application of the General Partner’s assumptions and internal valuation pricing models (Level 3). Transfers between levels are recognized at the end of the reporting period. During the nine months ended September 30, 2015 and twelve months ended December 31, 2014, there were no transfers of assets or liabilities between Level 1 and Level 2.

Investment in Funds

Investment in Funds	9 Months Ended
	Sep. 30, 2015
Schedule of Investments [Abstract]
Investment in Funds	6. Investment in Funds: On March 1, 2005, the assets allocated to Aspect for trading were invested in Aspect Master, a limited partnership organized under the partnership laws of the State of New York. The Partnership purchased 16,015.3206 units of Aspect Master with cash equal to $14,955,106 and a contribution of open commodity futures and forward contracts with a fair value of $1,060,214. Aspect Master permits accounts managed by Aspect using Aspect’s Diversified Program, a proprietary, systematic trading system, to invest together in one trading vehicle. The General Partner is also the general partner of Aspect Master. Individual and pooled accounts currently managed by Aspect, including the Partnership, are permitted to be limited partners of Aspect Master. The General Partner and Aspect believe that trading through this structure should promote efficiency and economy in the trading process. On November 1, 2005, the assets allocated to Altis for trading were invested in Altis Master, a limited partnership organized under the partnership laws of the State of New York. The Partnership purchased 13,013.6283 units of Altis Master with cash equal to $11,227,843 and a contribution of open commodity futures and forward contracts with a fair value of $1,785,785. Altis Master permits accounts managed by Altis using the Global Futures Portfolio Program, a proprietary, systematic trading system, to invest together in one trading vehicle. The General Partner is also the general partner of Altis Master. Individual and pooled accounts currently managed by Altis, including the Partnership, are permitted to be limited partners of Altis Master. The General Partner and Altis believe that trading through this structure should promote efficiency and economy in the trading process. On November 1, 2010, the assets allocated to Blackwater for trading were invested in Blackwater Master, a limited partnership organized under the partnership laws of the State of Delaware. The Partnership invested in Blackwater Master with cash equal to $5,000,000. Effective the close of business on September 30, 2015, the Partnership fully redeemed its investment in Blackwater Master for cash equal to $4,444,524. The General Partner is not aware of any material changes to any of the trading programs discussed above during the fiscal quarter ended September 30, 2015. The Funds’ trading of future, forward, swap and option contracts, if applicable, on commodities is done primarily on United States of America commodity exchanges and foreign commodity exchanges. The Funds engage in such trading through commodity brokerage accounts maintained by MS&Co. A limited partner of the Funds may withdraw all or part of its capital contribution and undistributed profits, if any, from the Funds as of the end of any day (the “Redemption Date”) after a request for redemption has been made to the General Partner at least three days in advance of the Redemption Date. Such withdrawals are classified as a liability when the limited partner elects to redeem and informs the Funds. Management, General Partner and incentive fees are charged at the Partnership level. The clearing fees are borne by the Funds and allocated to the Funds’ limited partners including the Partnership. All other fees are charged at the Partnership level. At September 30, 2015, the Partnership owned approximately 9.0% of Aspect Master, 10.0% Altis Master, and prior to Blackwater Master’s liquidation, 45.0% of Blackwater Master. At December 31, 2014, the Partnership owned approximately 8.6% of Aspect Master, 8.3% of Altis Master and 16.2% of Blackwater Master. It is the Partnership’s intention to continue to invest in the Funds (other than Blackwater Master). The performance of the Partnership is directly affected by the performance of the Funds. Expenses to the investors as a result of the investment in the Funds are approximately the same as they would be if the Partnership traded directly and redemption rights are not affected. Summarized information reflecting the total assets, liabilities and partners’ capital of the Funds is shown in the following tables. September 30, 2015 Total Assets Total Liabilities Total Partners’ Aspect Master $ 62,591,665 $ 221,586 $ 62,370,079 Altis Master 40,613,833 200,817 40,413,016 Blackwater Master 9,919,970 9,919,970 - December 31, 2014 Total Assets Total Liabilities Total Partners’ Aspect Master $ 78,421,434 $ 50,766 $ 78,370,668 Altis Master 51,413,912 51,279 51,362,633 Blackwater Master 24,973,305 43,208 24,930,097 Summarized information reflecting the net investment income (loss), total trading results and net income (loss) of the Funds is shown in the following tables. For the three months ended September 30, 2015 Net Investment Total Trading Net Income Aspect Master $ (55,404) $ 8,636,148 $ 8,580,744 Altis Master (79,868) 2,601,937 2,522,069 Blackwater Master (16,617) 297,125 280,508 For the nine months ended September 30, 2015 Net Investment Total Trading Net Income Aspect Master $ (182,077) $ 6,261,137 $ 6,079,060 Altis Master (222,930) 675,898 452,968 Blackwater Master (39,750) 87,198 47,448 For the three months ended September 30, 2014 Net Investment Total Trading Net Income Aspect Master $ (73,201) $ 3,932,169 $ 3,858,968 Altis Master (91,952) 4,221,875 4,129,923 Blackwater Master (14,963) 2,462,046 2,447,083 For the nine months ended September 30, 2014 Net Investment Total Trading Net Income Aspect Master $ (207,332) $ 3,350,986 $ 3,143,654 Altis Master (265,430) 973,102 707,672 Blackwater Master (62,309) 732,472 670,163 Summarized information reflecting the Partnership’s investment in, and the Partnership’s pro rata share of the results of operations of the Funds is shown in the following tables. September 30, 2015 For the three months ended September 30, 2015 % of Fair Income Expenses Net Income Investment Redemptions Funds Net Assets Value (Loss) Clearing fees Other (Loss) Objective Permitted Aspect Master 40.60% $ 5,636,887 $ 706,425 $ 2,409 $ 2,312 $ 701,704 Commodity Portfolio Monthly Altis Master 29.17% 4,050,178 262,178 5,848 2,328 254,002 Commodity Portfolio Monthly Blackwater Master (a) - - 139,098 2,641 8,733 127,724 Commodity Portfolio Monthly Total $ 9,687,065 $ 1,107,701 $ 10,898 $ 13,373 $ 1,083,430 September 30, 2015 For the nine months ended September 30, 2015 % of Fair Income Expenses Net Income Investment Redemptions Funds Net Assets Value (Loss) Clearing fees Other (Loss) Objective Permitted Aspect Master 40.60% $ 5,636,887 $ 531,091 $ 8,349 $ 6,921 $ 515,821 Commodity Portfolio Monthly Altis Master 29.17% 4,050,178 (5,493) 14,521 7,574 (27,588) Commodity Portfolio Monthly Blackwater Master (a) - - 40,769 7,131 19,701 13,937 Commodity Portfolio Monthly Total $ 9,687,065 $ 566,367 $ 30,001 $ 34,196 $ 502,170 December 31, 2014 For the three months ended September 30, 2014 % of Fair Income Expenses Net Income Investment Redemptions Funds Net Assets Value (Loss) Clearing fees Other (Loss) Objective Permitted Aspect Master 45.12% $ 6,726,238 $ 360,352 $ 3,206 $ 3,300 $ 353,846 Commodity Portfolio Monthly Altis Master 28.65% 4,269,884 321,400 3,805 2,284 315,311 Commodity Portfolio Monthly Blackwater Master 27.16% 4,048,152 381,852 3,037 3,503 375,312 Commodity Portfolio Monthly Total $ 15,044,274 $ 1,063,604 $ 10,048 $ 9,087 $ 1,044,469 December 31, 2014 For the nine months ended September 30, 2014 % of Fair Income Expenses Net Income Investment Redemptions Funds Net Assets Value (Loss) Clearing fees Other (Loss) Objective Permitted Aspect Master 45.12% $ 6,726,238 $ 397,562 $ 9,205 $ 6,484 $ 381,873 Commodity Portfolio Monthly Altis Master 28.65% 4,269,884 203,948 11,409 4,412 188,127 Commodity Portfolio Monthly Blackwater Master 27.16% 4,048,152 313,057 9,402 8,253 295,402 Commodity Portfolio Monthly Total $ 15,044,274 $ 914,567 $ 30,016 $ 19,149 $ 865,402 (a) For the period January 1, 2015 through September 30, 2015, prior to the Partnership’s redemption of its interest in Blackwater Master.

Financial Instrument Risks

Financial Instrument Risks	9 Months Ended
	Sep. 30, 2015
Investments, All Other Investments [Abstract]
Financial Instrument Risks	7. Financial Instrument Risks: In the normal course of business, the Partnership, indirectly through its investments in the Funds, is party to financial instruments with off-balance sheet risk, including derivative financial instruments and derivative commodity instruments. These financial instruments may include forwards, futures, options, and swaps whose values are based upon an underlying asset, index, or reference rate, and generally represent future commitments to exchange currencies or cash balances, to purchase or sell other financial instruments at specific terms at specified future dates, or, in the case of derivative commodity instruments, to have a reasonable possibility to be settled in cash, through physical delivery or with another financial instrument. These instruments may be traded on an exchange or over-the-counter (“OTC”). Exchange-traded instruments include futures and certain standardized forward and option contracts. Certain swap contracts may also be traded on a swap execution facility or OTC. OTC contracts are negotiated between contracting parties and also include certain standardized forward, swap and option contracts. Each of these instruments is subject to various risks similar to those relating to the underlying financial instruments, including market and credit risk. In general, the risks associated with OTC contracts are greater than those associated with exchange-traded instruments because of the greater risk of default by the counterparty to an OTC contract. The General Partner estimates that at any given time approximately 6.5% to 15.8% of the Funds’ contracts are traded OTC. The Funds trade futures contracts. A futures contract is a firm commitment to buy or sell a specified quantity of investments, currency or a standardized amount of a deliverable grade commodity, at a specified price on a specified future date, unless the contract is closed before the delivery date or if the delivery quantity is something where physical delivery cannot occur (such as the S&P 500 Index), whereby such contract is settled in cash. Payments (“variation margin”) may be made or received by the Funds each business day, depending on the daily fluctuations in the value of the underlying contracts, and are recorded as unrealized gains or losses by the Funds. When the contract is closed, the Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Transactions in futures contracts require participants to make both initial margin deposits of cash or other assets and variation margin deposits, through the futures broker, directly with the exchange on which the contracts are traded. Net realized gains (losses) and net change in unrealized gains (losses) on futures contracts are included in the Funds’ Statements of Income and Expenses and Changes in Partners’ Capital. Forward foreign currency contracts are those contracts where the Funds agree to receive or deliver a fixed quantity of foreign currency for an agreed-upon price on an agreed future date. Forward foreign currency contracts are valued daily, and the Funds’ net equity therein, representing unrealized gain or loss on the contracts as measured by the difference between the forward foreign exchange rates at the dates of entry into the contracts and the forward rates at the reporting date, is included in the Funds’ Statements of Financial Condition. Net realized gains (losses) and net change in unrealized gains (losses) on forward foreign currency contracts are recognized in the period in which the contract is closed or the changes occur, respectively, and are included in the Funds’ Statements of Income and Expenses and Changes in Partners’ Capital. The Funds do not isolate the portion of the results of operations arising from the effect of changes in foreign exchange rates on investments from fluctuations due to changes in market prices of investments held. Such fluctuations are included in total trading results in the Funds’ Statements of Income and Expenses and Changes in Partners’ Capital. Metal contracts traded on the London Metals Exchange (“LME”) represent a firm commitment to buy or sell a specified quantity of aluminum, copper, lead, nickel, tin or zinc. LME contracts traded by the Funds are cash settled based on prompt dates published by the LME. Payments (“variation margin’’) may be made or received by the Funds each business day, depending on the daily fluctuations in the value of the underlying contracts, and are recorded as unrealized gains or losses by the Funds. A contract is considered offset when all long positions have been matched with a like number of short positions settling on the same prompt date. When the contract is closed at the prompt date, the Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Transactions in LME contracts require participants to make both initial margin deposits of cash or other assets and variation margin deposits, through the broker, directly with the LME. Net realized gains (losses) and net change in unrealized gains (losses) on metal contracts are included in the Funds’ Statements of Income and Expenses and Changes in Partners’ Capital. The risk to the Limited Partners that have purchased Redeemable Units is limited to the amount of their share of the Partnership’s net assets and undistributed profits. This limited liability is a result of the organization of the Partnership as a limited partnership under New York law. Market risk is the potential for changes in the value of the financial instruments traded by the Funds due to market changes, including interest and foreign exchange rate movements and fluctuations in commodity or security prices. Market risk is directly impacted by the volatility and liquidity in the markets in which the related underlying assets are traded. The Funds are exposed to a market risk equal to the value of the futures and forward contracts purchased and unlimited liability on such contracts sold short. Credit risk is the possibility that a loss may occur due to the failure of a counterparty to perform according to the terms of a contract. The Partnership’s/Funds’ risk of loss in the event of a counterparty default is typically limited to the amounts recognized in the Statements of Financial Condition and is not represented by the contract or notional amounts of the instruments. The Partnership’s/Funds’ risk of loss is reduced through the use of legally enforceable master netting agreements with counterparties that permit the Partnership/Funds to offset unrealized gains and losses and other assets and liabilities with such counterparties upon the occurrence of certain events. The Partnership/Funds have credit risk and concentration risk as MS&Co. or an MS&Co. affiliate is the sole counterparty or broker with respect to the Partnership’s/Funds’ assets. Credit risk with respect to exchange-traded instruments is reduced to the extent that, through MS&Co. the Partnership’s/Funds’ counterparty is an exchange or clearing organization. The General Partner monitors and attempts to control the Partnership’s/Funds’ risk exposure on a daily basis through financial, credit and risk management monitoring systems, and accordingly, believes that it has effective procedures for evaluating and limiting the credit and market risks to which the Partnership/Funds may be subject. These monitoring systems generally allow the General Partner to statistically analyze actual trading results with risk-adjusted performance indicators and correlation statistics. In addition, online monitoring systems provide account analysis of futures, forward and option contracts by sector, margin requirements, gain and loss transactions and collateral positions. The majority of these financial instruments mature within one year of the inception date. However, due to the nature of the Funds’ business, these instruments may not be held to maturity.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	8. Subsequent Events. The General Partner evaluates events that occur after the balance sheet date but before financial statements are issued. The General Partner has assessed the subsequent events through the date of issuance and has determined that there were no subsequent events requiring adjustment of, or disclosure in the financial statements.

Basis of Presentation and Sum15

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Partnership's Investment	Partnership’s Investment:
Funds' Investments	Funds’ Investments: All commodity interests of the Funds (including derivative financial instruments and derivative commodity instruments) are held for trading purposes. The commodity interests are recorded on trade date and open contracts are recorded at fair value at the measurement date. Investments in commodity interests denominated in foreign currencies are translated into U.S. dollars at the exchange rates prevailing at the measurement date. Gains or losses are realized when contracts are liquidated. Unrealized gains or losses on open contracts are included as a component of equity in the trading account on the Funds’ Statements of Financial Condition. Net realized gains or losses and any net change in unrealized gains or losses from the preceding period are reported on the Funds’ Statements of Income and Expenses and Changes in Partners’ Capital.
Investment Company Status	Investment Company Status Financial Services — Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements
Income Taxes	Income Taxes:
Net Income (loss) per unit	Net Income (loss) per unit Financial Highlights.
Recent Accounting Pronouncement	Recent Accounting Pronouncement: Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) There have been no material changes with respect to the Partnership’s critical accounting policies as reported in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2014.

Financial Highlights (Tables)

Financial Highlights (Tables)	9 Months Ended
	Sep. 30, 2015
Text Block [Abstract]
Financial Highlights for Limited Partner Class	Financial highlights for the limited partner class as a whole for the three and nine months ended September 30, 2015 and 2014 were as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Net realized and unrealized gains $ 124.01 $ 109.23 $ 61.74 $ 97.18 Net investment loss (30.84 ) (21.26 ) (82.05 ) (68.22 ) Increase (decrease) for the period 93.17 87.97 (20.31 ) 28.96 Net asset value per unit, beginning of period 1,491.62 1,377.61 1,605.10 1,436.62 Net asset value per unit, end of period $ 1,584.79 $ 1,465.58 $ 1,584.79 $ 1,465.58 Three Months Ended Nine Months Ended 2015 2014 2015 2014 Ratios to average net assets:* Net investment loss** (6.8 )% (6.1 )% (6.8 )% (6.7 )% Operating expenses 6.4 % 6.1 % 6.4 % 6.8 % Incentive fees 0.4 % - % 0.4 % - % Total expenses 6.8 % 6.1 % 6.8 % 6.8 % Total return: Total return before incentive fees 6.6 % 6.4 % (0.9 )% 2.0 % Incentive fees (0.4 )% - % (0.4 )% - % Total return after incentive fees 6.2 % 6.4 % (1.3 )% 2.0 % * Annualized (other than incentive fees) ** Interest income less total expenses.

Investment in Funds (Tables)

Investment in Funds (Tables)	9 Months Ended
	Sep. 30, 2015
Schedule of Investments [Abstract]
Assets, Liabilities and Partners' Capital of Funds	Summarized information reflecting the total assets, liabilities and partners’ capital of the Funds is shown in the following tables. September 30, 2015 Total Assets Total Liabilities Total Partners’ Aspect Master $ 62,591,665 $ 221,586 $ 62,370,079 Altis Master 40,613,833 200,817 40,413,016 Blackwater Master 9,919,970 9,919,970 - December 31, 2014 Total Assets Total Liabilities Total Partners’ Aspect Master $ 78,421,434 $ 50,766 $ 78,370,668 Altis Master 51,413,912 51,279 51,362,633 Blackwater Master 24,973,305 43,208 24,930,097
Net Investment Income (Loss), Trading Results and Net Income (Loss) for Funds	Summarized information reflecting the net investment income (loss), total trading results and net income (loss) of the Funds is shown in the following tables. For the three months ended September 30, 2015 Net Investment Total Trading Net Income Aspect Master $ (55,404) $ 8,636,148 $ 8,580,744 Altis Master (79,868) 2,601,937 2,522,069 Blackwater Master (16,617) 297,125 280,508 For the nine months ended September 30, 2015 Net Investment Total Trading Net Income Aspect Master $ (182,077) $ 6,261,137 $ 6,079,060 Altis Master (222,930) 675,898 452,968 Blackwater Master (39,750) 87,198 47,448 For the three months ended September 30, 2014 Net Investment Total Trading Net Income Aspect Master $ (73,201) $ 3,932,169 $ 3,858,968 Altis Master (91,952) 4,221,875 4,129,923 Blackwater Master (14,963) 2,462,046 2,447,083 For the nine months ended September 30, 2014 Net Investment Total Trading Net Income Aspect Master $ (207,332) $ 3,350,986 $ 3,143,654 Altis Master (265,430) 973,102 707,672 Blackwater Master (62,309) 732,472 670,163
Partnership's Investments in, and Partners' Pro Rata Share of Results of Operations of, the Funds	Summarized information reflecting the Partnership’s investment in, and the Partnership’s pro rata share of the results of operations of the Funds is shown in the following tables. September 30, 2015 For the three months ended September 30, 2015 % of Fair Income Expenses Net Income Investment Redemptions Funds Net Assets Value (Loss) Clearing fees Other (Loss) Objective Permitted Aspect Master 40.60% $ 5,636,887 $ 706,425 $ 2,409 $ 2,312 $ 701,704 Commodity Portfolio Monthly Altis Master 29.17% 4,050,178 262,178 5,848 2,328 254,002 Commodity Portfolio Monthly Blackwater Master (a) - - 139,098 2,641 8,733 127,724 Commodity Portfolio Monthly Total $ 9,687,065 $ 1,107,701 $ 10,898 $ 13,373 $ 1,083,430 September 30, 2015 For the nine months ended September 30, 2015 % of Fair Income Expenses Net Income Investment Redemptions Funds Net Assets Value (Loss) Clearing fees Other (Loss) Objective Permitted Aspect Master 40.60% $ 5,636,887 $ 531,091 $ 8,349 $ 6,921 $ 515,821 Commodity Portfolio Monthly Altis Master 29.17% 4,050,178 (5,493) 14,521 7,574 (27,588) Commodity Portfolio Monthly Blackwater Master (a) - - 40,769 7,131 19,701 13,937 Commodity Portfolio Monthly Total $ 9,687,065 $ 566,367 $ 30,001 $ 34,196 $ 502,170 December 31, 2014 For the three months ended September 30, 2014 % of Fair Income Expenses Net Income Investment Redemptions Funds Net Assets Value (Loss) Clearing fees Other (Loss) Objective Permitted Aspect Master 45.12% $ 6,726,238 $ 360,352 $ 3,206 $ 3,300 $ 353,846 Commodity Portfolio Monthly Altis Master 28.65% 4,269,884 321,400 3,805 2,284 315,311 Commodity Portfolio Monthly Blackwater Master 27.16% 4,048,152 381,852 3,037 3,503 375,312 Commodity Portfolio Monthly Total $ 15,044,274 $ 1,063,604 $ 10,048 $ 9,087 $ 1,044,469 December 31, 2014 For the nine months ended September 30, 2014 % of Fair Income Expenses Net Income Investment Redemptions Funds Net Assets Value (Loss) Clearing fees Other (Loss) Objective Permitted Aspect Master 45.12% $ 6,726,238 $ 397,562 $ 9,205 $ 6,484 $ 381,873 Commodity Portfolio Monthly Altis Master 28.65% 4,269,884 203,948 11,409 4,412 188,127 Commodity Portfolio Monthly Blackwater Master 27.16% 4,048,152 313,057 9,402 8,253 295,402 Commodity Portfolio Monthly Total $ 15,044,274 $ 914,567 $ 30,016 $ 19,149 $ 865,402 (a) For the period January 1, 2015 through September 30, 2015, prior to the Partnership’s redemption of its interest in Blackwater Master.

Organization - Additional Infor

Organization - Additional Information (Detail)	Aug. 01, 2015$ / mo	Jul. 31, 2015$ / mo	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2015shares	Mar. 31, 2015
Significant Accounting Policies [Line Items]
Annual rate of General Partner fee					0.90%
Altis Partners (Jersey) Limited [Member]
Significant Accounting Policies [Line Items]
Management fees payable monthly | $ / mo	0.001041667	0.001250000
Management fees payable yearly	1.25%	1.50%
Maximum [Member]
Significant Accounting Policies [Line Items]
Number of Redeemable Units authorized to be sold during initial public offering period					100,000
Morgan Stanley Wealth Management [Member]
Significant Accounting Policies [Line Items]
Brokerage fees payable			2.90%	5.40%		2.00%

Basis of Presentation and Sum19

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015USD ($)
Regulatory Assets [Abstract]
Provision for income tax	$ 0

Financial Highlights - Financia

Financial Highlights - Financial Highlights for Limited Partner Class (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Equity [Abstract]
Net realized and unrealized gains	$ 124.01	$ 109.23	$ 61.74	$ 97.18
Net investment loss	(30.84)	(21.26)	(82.05)	(68.22)
Increase (decrease) for the period	93.17	87.97	(20.31)	28.96
Net asset value per unit, beginning of period	1,491.62	1,377.61	1,605.10	1,436.62
Net asset value per unit, end of period	$ 1,584.79	$ 1,465.58	$ 1,584.79	$ 1,465.58
Ratios to average net assets:
Net investment loss	(6.80%)	(6.10%)	(6.80%)	(6.70%)
Operating expenses	6.40%	6.10%	6.40%	6.80%
Incentive fees	0.40%		0.40%
Total expenses	6.80%	6.10%	6.80%	6.80%
Total return:
Total return before incentive fees	6.60%	6.40%	(0.90%)	2.00%
Incentive fees	(0.40%)		(0.40%)
Total return after incentive fees	6.20%	6.40%	(1.30%)	2.00%

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Transfers Between Level 1 and Level 2, Description and Policy [Abstract]
Transfers of assets or liabilities between Level 1 and Level 2	$ 0	$ 0

Investment in Funds - Additiona

Investment in Funds - Additional Information (Detail) - USD ($)		Sep. 30, 2015	Dec. 31, 2014	Nov. 01, 2010	Nov. 01, 2005	Mar. 01, 2005
Investment [Line Items]
Investment in Funds, at fair value	[1]	$ 9,687,065	$ 15,044,274
CMF Aspect Master Fund L.P. [Member]
Investment [Line Items]
Number of units purchased by partnership						16,015.3206
Cash paid for units purchased by partnership						$ 14,955,106
Investment in Funds, at fair value		$ 5,636,887	$ 6,726,238			$ 1,060,214
Percentage owned by partnership		9.00%	8.60%
CMF Altis Partners Master Fund L.P. [Member]
Investment [Line Items]
Number of units purchased by partnership					13,013.6283
Cash paid for units purchased by partnership					$ 11,227,843
Investment in Funds, at fair value		$ 4,050,178	$ 4,269,884		$ 1,785,785
Percentage owned by partnership		10.00%	8.30%
Blackwater Master Fund L.P. [Member]
Investment [Line Items]
Cash paid for units purchased by partnership				$ 5,000,000
Investment in Funds, at fair value			$ 4,048,152
Cash redemption on investment		$ 4,444,524
Percentage owned by partnership		45.00%	16.20%
[1]	Defined in Note 1.

Investment in Funds - Assets, L

Investment in Funds - Assets, Liabilities and Partners' Capital of Funds (Detail) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
CMF Aspect Master Fund L.P. [Member]
Investment [Line Items]
Total Assets	$ 62,591,665
Total Liabilities	221,586
Total Partners' Capital	62,370,079
CMF Altis Partners Master Fund L.P. [Member]
Investment [Line Items]
Total Assets	40,613,833
Total Liabilities	200,817
Total Partners' Capital	40,413,016
Blackwater Master Fund L.P. [Member]
Investment [Line Items]
Total Assets	9,919,970
Total Liabilities	$ 9,919,970
CMF Aspect Master Fund L.P. [Member]
Investment [Line Items]
Total Assets		$ 78,421,434
Total Liabilities		50,766
Total Partners' Capital		78,370,668
CMF Altis Partners Master Fund L.P. [Member]
Investment [Line Items]
Total Assets		51,413,912
Total Liabilities		51,279
Total Partners' Capital		51,362,633
Blackwater Master Fund L.P. [Member]
Investment [Line Items]
Total Assets		24,973,305
Total Liabilities		43,208
Total Partners' Capital		$ 24,930,097

Investment in Funds - Net Inves

Investment in Funds - Net Investment Income (Loss), Trading Results and Net Income (Loss) for Funds (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Investment [Line Items]
Net Investment Income (Loss)	$ (274,889)	$ (208,127)	$ (746,256)	$ (690,618)
Total Trading Results	1,107,402	1,063,253	565,578	912,889
Net Income (Loss)	832,513	855,126	(180,678)	222,271
CMF Aspect Master Fund L.P. [Member]
Investment [Line Items]
Net Investment Income (Loss)	(55,404)	(73,201)	(182,077)	(207,332)
Total Trading Results	8,636,148	3,932,169	6,261,137	3,350,986
Net Income (Loss)	8,580,744	3,858,968	6,079,060	3,143,654
CMF Altis Partners Master Fund L.P. [Member]
Investment [Line Items]
Net Investment Income (Loss)	(79,868)	(91,952)	(222,930)	(265,430)
Total Trading Results	2,601,937	4,221,875	675,898	973,102
Net Income (Loss)	2,522,069	4,129,923	452,968	707,672
Blackwater Master Fund L.P. [Member]
Investment [Line Items]
Net Investment Income (Loss)	(16,617)	(14,963)	(39,750)	(62,309)
Total Trading Results	297,125	2,462,046	87,198	732,472
Net Income (Loss)	$ 280,508	$ 2,447,083	$ 47,448	$ 670,163

Investment in Funds - Partnersh

Investment in Funds - Partnership's Investments in, and Partners' Pro Rata Share of Results of Operations of, the Funds (Detail) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Nov. 01, 2005	Mar. 01, 2005
Investment [Line Items]
% of Partnership's Net Assets		69.77%		69.77%		100.93%
Fair Value	[1]	$ 9,687,065		$ 9,687,065		$ 15,044,274
Income (Loss)		1,107,402	$ 1,063,253	565,578	$ 912,889
Expenses, Other		56,037	48,300	183,108	135,847
Net Income (Loss)		$ 832,513	855,126	$ (180,678)	222,271
CMF Aspect Master Fund L.P. [Member]
Investment [Line Items]
% of Partnership's Net Assets		40.60%		40.60%		45.12%
Fair Value		$ 5,636,887		$ 5,636,887		$ 6,726,238		$ 1,060,214
CMF Altis Partners Master Fund L.P. [Member]
Investment [Line Items]
% of Partnership's Net Assets		29.17%		29.17%		28.65%
Fair Value		$ 4,050,178		$ 4,050,178		$ 4,269,884	$ 1,785,785
Blackwater Master Fund L.P. [Member]
Investment [Line Items]
% of Partnership's Net Assets						27.16%
Fair Value						$ 4,048,152
Investment in Funds [Member]
Investment [Line Items]
Fair Value		9,687,065		9,687,065		$ 15,044,274
Income (Loss)		1,107,701	1,063,604	566,367	914,567
Expenses, Clearing Fees		10,898	10,048	30,001	30,016
Expenses, Other		13,373	9,087	34,196	19,149
Net Income (Loss)		$ 1,083,430	1,044,469	$ 502,170	865,402
Investment in Funds [Member] | Commodity Portfolio [Member] | CMF Aspect Master Fund L.P. [Member]
Investment [Line Items]
% of Partnership's Net Assets		40.60%		40.60%		45.12%
Fair Value		$ 5,636,887		$ 5,636,887		$ 6,726,238
Income (Loss)		706,425	360,352	531,091	397,562
Expenses, Clearing Fees		2,409	3,206	8,349	9,205
Expenses, Other		2,312	3,300	6,921	6,484
Net Income (Loss)		$ 701,704	$ 353,846	$ 515,821	$ 381,873
Investment Objective		Commodity Portfolio	Commodity Portfolio	Commodity Portfolio	Commodity Portfolio
Redemptions Permitted		Monthly	Monthly	Monthly	Monthly
Investment in Funds [Member] | Commodity Portfolio [Member] | CMF Altis Partners Master Fund L.P. [Member]
Investment [Line Items]
% of Partnership's Net Assets		29.17%		29.17%		28.65%
Fair Value		$ 4,050,178		$ 4,050,178		$ 4,269,884
Income (Loss)		262,178	$ 321,400	(5,493)	$ 203,948
Expenses, Clearing Fees		5,848	3,805	14,521	11,409
Expenses, Other		2,328	2,284	7,574	4,412
Net Income (Loss)		$ 254,002	$ 315,311	$ (27,588)	$ 188,127
Investment Objective		Commodity Portfolio	Commodity Portfolio	Commodity Portfolio	Commodity Portfolio
Redemptions Permitted		Monthly	Monthly	Monthly	Monthly
Investment in Funds [Member] | Commodity Portfolio [Member] | Blackwater Master Fund L.P. [Member]
Investment [Line Items]
% of Partnership's Net Assets						27.16%
Fair Value						$ 4,048,152
Income (Loss)		$ 139,098	$ 381,852	$ 40,769	$ 313,057
Expenses, Clearing Fees		2,641	3,037	7,131	9,402
Expenses, Other		8,733	3,503	19,701	8,253
Net Income (Loss)		$ 127,724	$ 375,312	$ 13,937	$ 295,402
Investment Objective		Commodity Portfolio	Commodity Portfolio	Commodity Portfolio	Commodity Portfolio
Redemptions Permitted		Monthly	Monthly	Monthly	Monthly
[1]	Defined in Note 1.

Financial Instrument Risks - Ad

Financial Instrument Risks - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015
Fair Value Measurements Disclosure [Line Items]
Financial instruments mature	1 year
Minimum [Member]
Fair Value Measurements Disclosure [Line Items]
Percentage of contracts traded over the counter	6.50%
Maximum [Member]
Fair Value Measurements Disclosure [Line Items]
Percentage of contracts traded over the counter	15.80%