Ceres Tactical Systematic (TDFF) 10-Q 13 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 31, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	TDFF
Entity Registrant Name	CERES TACTICAL SYSTEMATIC L.P.
Entity Central Index Key	1,209,709
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		115,499.4978

Statements of Financial Conditi

Statements of Financial Condition - USD ($)		Sep. 30, 2017	Dec. 31, 2016
Assets:
Investment in the Funds , at fair value	[1]	$ 86,726,879	$ 126,238,109
Equity in trading account:
Unrestricted cash		10,159,463	12,654,296
Restricted cash		4,545,671	4,205,299
Net unrealized appreciation on open contracts		314,423	434,371
Total equity in trading account		15,019,557	17,293,966
Cash at bank		631	218
Interest receivable		8,904	4,172
Total assets		101,755,971	143,536,465
Liabilities:
Net unrealized depreciation on open contracts		136,918	64,394
Accrued expenses:
Ongoing selling agent fees		169,365	239,121
Management fees		117,397	163,269
General Partner fees		84,312	119,183
Professional fees		275,508	213,317
Redemptions payable to General Partner			250,011
Redemptions payable to Limited Partners		3,056,183	5,822,306
Total liabilities		3,839,683	6,871,601
Partners' Capital:
General Partner, 1,371.6544 and 1,690.0654 Redeemable Units outstanding at September 30, 2017 and December 31, 2016, respectively		1,116,970	1,497,130
Limited Partners, 118,870.7968 and 152,586.7508 Redeemable Units outstanding at September 30, 2017 and December 31, 2016, respectively		96,799,318	135,167,734
Total partners' capital (net asset value)		97,916,288	136,664,864
Total liabilities and partners' capital		$ 101,755,971	$ 143,536,465
Net asset value per Redeemable Unit		$ 814.32	$ 885.84
Futures Contracts [Member]
Equity in trading account:
Net unrealized appreciation on open contracts		$ 314,423	$ 434,371
Forward Contracts [Member]
Liabilities:
Net unrealized depreciation on open contracts		$ 136,918	$ 64,394
[1]	Defined in Note 1.

Statements of Financial Condit3

Statements of Financial Condition (Parenthetical) - shares	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
General Partner Capital, Redeemable units outstanding	1,371.6544	1,690.0654
Limited Partners Capital, Redeemable units outstanding	118,870.7968	152,586.7508

Condensed Schedule of Investmen

Condensed Schedule of Investments		Sep. 30, 2017USD ($)Contract		Dec. 31, 2016USD ($)Contract
Schedule of Investments [Line Items]
% of Partners' Capital		88.57%		92.37%
Total investment in the Funds, Fair Value	[1]	$ 86,726,879		$ 126,238,109
CMF Willowbridge Master Fund L.P. [Member]
Schedule of Investments [Line Items]
% of Partners' Capital		30.33%		27.95%
Total investment in the Funds, Fair Value		$ 29,701,857		$ 38,198,019
CMF Aspect Master Fund L.P. [Member]
Schedule of Investments [Line Items]
% of Partners' Capital		14.98%		17.56%
Total investment in the Funds, Fair Value		$ 14,669,998		$ 24,000,563
CMF Graham Capital Master Fund L.P. [Member]
Schedule of Investments [Line Items]
% of Partners' Capital		12.05%		16.55%
Total investment in the Funds, Fair Value		$ 11,797,451		$ 22,617,006
CMF Boronia I LLC [Member]
Schedule of Investments [Line Items]
% of Partners' Capital		9.44%		11.86%
Total investment in the Funds, Fair Value		$ 9,245,094		$ 16,206,218
Cambridge Master Fund L.P. [Member]
Schedule of Investments [Line Items]
% of Partners' Capital		21.77%		18.45%
Total investment in the Funds, Fair Value		$ 21,312,479		$ 25,216,303
Futures Contracts [Member]
Schedule of Investments [Line Items]
Net unrealized appreciation (depreciation) on open contracts		314,423		434,371
Total unrealized appreciation on open contracts		712,537		652,819
Total unrealized depreciation on open contracts		(398,114)		$ (218,448)
% of Partners' Capital				0.32%
Futures Contracts [Member] | Currencies [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		4,908		$ 8,276
Total unrealized depreciation on open contracts		(11,593)		(5,661)
Futures Contracts [Member] | Energy [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		251,231		118,837
Total unrealized depreciation on open contracts		(25,841)		(15,500)
Futures Contracts [Member] | Grains [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		53,358		38,610
Total unrealized depreciation on open contracts		(46,342)		(66,210)
Futures Contracts [Member] | Indices [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		210,089		95,026
Total unrealized depreciation on open contracts		(82,542)		(54,091)
Futures Contracts [Member] | Interest Rates U.S. [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		1,844		21,211
Total unrealized depreciation on open contracts		(10,797)		(9,695)
Futures Contracts [Member] | Interest Rates Non-U.S. [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		125,081		100,985
Total unrealized depreciation on open contracts		(113,956)		(33,137)
Futures Contracts [Member] | Livestock [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		8,970		2,455
Total unrealized depreciation on open contracts		(15,578)		(1,480)
Futures Contracts [Member] | Metals [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		9,410		67,712
Total unrealized depreciation on open contracts		(48,328)		(10,521)
Futures Contracts [Member] | Softs [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		47,646		199,707
Total unrealized depreciation on open contracts		(43,137)		(22,153)
Futures Contracts [Member] | Long [Member]
Schedule of Investments [Line Items]
Net unrealized appreciation (depreciation) on open contracts		$ 155,939		$ 250,961
% of Partners' Capital		0.16%		0.18%
Futures Contracts [Member] | Long [Member] | Currencies [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		22		21
Net unrealized appreciation (depreciation) on open contracts		$ (3,962)		$ 6,943
% of Partners' Capital		0.00%	[2]	0.01%
Futures Contracts [Member] | Long [Member] | Energy [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		101		70
Net unrealized appreciation (depreciation) on open contracts		$ 221,130		$ 116,207
% of Partners' Capital		0.22%		0.08%
Futures Contracts [Member] | Long [Member] | Grains [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		38		140
Net unrealized appreciation (depreciation) on open contracts		$ (7,260)		$ (24,086)
% of Partners' Capital		(0.01%)		(0.02%)
Futures Contracts [Member] | Long [Member] | Indices [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		673		289
Net unrealized appreciation (depreciation) on open contracts		$ 88,133		$ 48,627
% of Partners' Capital		0.09%		0.03%
Futures Contracts [Member] | Long [Member] | Interest Rates U.S. [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		3
Net unrealized appreciation (depreciation) on open contracts		$ (10,781)
% of Partners' Capital		(0.01%)
Futures Contracts [Member] | Long [Member] | Interest Rates Non-U.S. [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		436		267
Net unrealized appreciation (depreciation) on open contracts		$ (92,862)		$ 43,862
% of Partners' Capital		(0.09%)		0.03%
Futures Contracts [Member] | Long [Member] | Livestock [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		11		9
Net unrealized appreciation (depreciation) on open contracts		$ 4,222		$ 500
% of Partners' Capital	[2]	0.00%		0.00%
Futures Contracts [Member] | Long [Member] | Metals [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		72		28
Net unrealized appreciation (depreciation) on open contracts		$ (43,668)		$ 21,623
% of Partners' Capital		(0.04%)		0.02%
Futures Contracts [Member] | Long [Member] | Softs [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		4		59
Net unrealized appreciation (depreciation) on open contracts		$ 987		$ 37,285
% of Partners' Capital		0.00%	[2]	0.03%
Futures Contracts [Member] | Short [Member]
Schedule of Investments [Line Items]
Net unrealized appreciation (depreciation) on open contracts		$ 158,484		$ 183,410
% of Partners' Capital		0.16%		0.14%
Futures Contracts [Member] | Short [Member] | Currencies [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		5		11
Net unrealized appreciation (depreciation) on open contracts		$ (2,723)		$ (4,328)
% of Partners' Capital	[2]	0.00%		0.00%
Futures Contracts [Member] | Short [Member] | Energy [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		9		8
Net unrealized appreciation (depreciation) on open contracts		$ 4,260		$ (12,870)
% of Partners' Capital		0.00%	[2]	(0.01%)
Futures Contracts [Member] | Short [Member] | Grains [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		198		185
Net unrealized appreciation (depreciation) on open contracts		$ 14,276		$ (3,514)
% of Partners' Capital		0.01%		0.00%	[2]
Futures Contracts [Member] | Short [Member] | Indices [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		91		212
Net unrealized appreciation (depreciation) on open contracts		$ 39,414		$ (7,692)
% of Partners' Capital		0.04%		(0.01%)
Futures Contracts [Member] | Short [Member] | Interest Rates U.S. [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		21		83
Net unrealized appreciation (depreciation) on open contracts		$ 1,828		$ 11,516
% of Partners' Capital		0.00%	[2]	0.01%
Futures Contracts [Member] | Short [Member] | Interest Rates Non-U.S. [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		243		293
Net unrealized appreciation (depreciation) on open contracts		$ 103,987		$ 23,986
% of Partners' Capital		0.11%		0.02%
Futures Contracts [Member] | Short [Member] | Livestock [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		10		1
Net unrealized appreciation (depreciation) on open contracts		$ (10,830)		$ 475
% of Partners' Capital		(0.01%)		0.00%	[2]
Futures Contracts [Member] | Short [Member] | Metals [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		8		25
Net unrealized appreciation (depreciation) on open contracts		$ 4,750		$ 35,568
% of Partners' Capital		0.01%		0.03%
Futures Contracts [Member] | Short [Member] | Softs [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		151		63
Net unrealized appreciation (depreciation) on open contracts		$ 3,522		$ 140,269
% of Partners' Capital		0.00%	[2]	0.10%
Forward Contracts [Member]
Schedule of Investments [Line Items]
Net unrealized appreciation (depreciation) on open contracts		$ (136,918)		$ (64,394)
Total unrealized appreciation on open contracts		218,814		243,107
Total unrealized depreciation on open contracts		$ (355,732)		$ (307,501)
% of Partners' Capital		(0.14%)		(0.05%)
Forward Contracts [Member] | Total Unrealized Appreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
% of Partners' Capital		0.22%		0.18%
Forward Contracts [Member] | Total Unrealized Depreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
% of Partners' Capital		0.36%		0.23%
Forward Contracts [Member] | Currencies [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		$ 118,949		$ 118,251
Unrealized Appreciation on Open Forward Contracts, Notional Amount		14,993,103		12,549,341
Total unrealized depreciation on open contracts		(261,061)		(194,963)
Unrealized Depreciation on Open Forward Contracts, Notional Amount		$ 28,055,028		$ 16,294,760
Forward Contracts [Member] | Currencies [Member] | Total Unrealized Appreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
% of Partners' Capital		0.12%		0.09%
Forward Contracts [Member] | Currencies [Member] | Total Unrealized Depreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
% of Partners' Capital		0.26%		0.15%
Forward Contracts [Member] | Metals [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts		$ 99,865		$ 124,856
Total unrealized depreciation on open contracts		$ (94,671)		$ (112,538)
Forward Contracts [Member] | Metals [Member] | Total Unrealized Appreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		24		26
% of Partners' Capital		0.10%		0.09%
Forward Contracts [Member] | Metals [Member] | Total Unrealized Depreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		43		42
% of Partners' Capital		0.10%		0.08%
Forward Contracts [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
% of Partners' Capital		0.32%
[1]	Defined in Note 1.
[2]	Due to rounding.

Statements of Income and Expens

Statements of Income and Expenses and Changes in Partners' Capital - USD ($)		Total	Limited Partners [Member]	General Partner [Member]
Net gains (losses) on trading of commodity interests and investment in the Funds:
Net asset value per Redeemable Unit (120,242.4512 and 176,511.6562 Redeemable Units outstanding at September 30, 2017 and 2016, respectively)		$ 981.45
Interest income		$ 4,293
Interest income allocated from the Funds		263,414
Total investment income		267,707
Expenses allocated from the Funds		1,671,944
Clearing fees related to direct investments		10,781
Ongoing selling agent fees		2,855,754
General Partner fees		1,423,385
Management fees		1,882,373
Incentive fees		188,689
Professional fees		442,366
Total expenses		8,475,292
Net investment loss		(8,207,585)
Net realized gains (losses) on closed contracts		(499,092)
Net realized gains (losses) on closed contracts allocated from the Funds		(4,431,357)
Net change in unrealized gains (losses) on open contracts		298,625
Net change in unrealized gains (losses) on open contracts allocated from the Funds		(716,133)
Total trading results		(5,347,957)
Net income (loss)		(13,555,542)
Redemptions			$ (32,195,321)	$ (460,000)
Net increase (decrease) in Partners' Capital		(46,210,863)
Partners' Capital, beginning of period at Dec. 31, 2015		206,869,254
Partners' Capital, end of period at Sep. 30, 2016		$ 160,658,391
Net gains (losses) on trading of commodity interests and investment in the Funds:
Net income (loss) per Redeemable Unit	[1]	$ (71.26)
Weighted average Redeemable Units outstanding		197,221.9078
Net asset value per Redeemable Unit (120,242.4512 and 176,511.6562 Redeemable Units outstanding at September 30, 2017 and 2016, respectively)		$ 957.62
Interest income		$ 4,293
Interest income allocated from the Funds		88,182
Total investment income		92,475
Expenses allocated from the Funds		410,523
Clearing fees related to direct investments		10,781
Ongoing selling agent fees		867,628
General Partner fees		432,495
Management fees		585,185
Professional fees		139,454
Total expenses		2,446,066
Net investment loss		(2,353,591)
Net realized gains (losses) on closed contracts		(499,092)
Net realized gains (losses) on closed contracts allocated from the Funds		(3,058,373)
Net change in unrealized gains (losses) on open contracts		298,625
Net change in unrealized gains (losses) on open contracts allocated from the Funds		(3,201,978)
Total trading results		(6,460,818)
Net income (loss)		(8,814,409)
Redemptions			(11,585,621)	(460,000)
Net increase (decrease) in Partners' Capital		(20,860,030)
Partners' Capital, beginning of period at Jun. 30, 2016		181,518,421
Partners' Capital, end of period at Sep. 30, 2016		$ 160,658,391
Net gains (losses) on trading of commodity interests and investment in the Funds:
Net income (loss) per Redeemable Unit	[1]	$ (47.43)
Weighted average Redeemable Units outstanding		186,022.2075
Net asset value per Redeemable Unit (120,242.4512 and 176,511.6562 Redeemable Units outstanding at September 30, 2017 and 2016, respectively)		$ 910.19
Net asset value per Redeemable Unit (120,242.4512 and 176,511.6562 Redeemable Units outstanding at September 30, 2017 and 2016, respectively)		$ 885.84
Interest income		$ 68,737
Interest income allocated from the Funds		435,704
Total investment income		504,441
Expenses allocated from the Funds		685,025
Clearing fees related to direct investments		59,333
Ongoing selling agent fees		1,791,775
General Partner fees		892,193
Management fees		1,246,331
Professional fees		384,221
Total expenses		5,058,878
Net investment loss		(4,554,437)
Net realized gains (losses) on closed contracts		(807,164)
Net realized gains (losses) on closed contracts allocated from the Funds		(2,869,874)
Net change in unrealized gains (losses) on open contracts		(191,594)
Net change in unrealized gains (losses) on open contracts allocated from the Funds		(1,222,285)
Total trading results		(5,090,917)
Net income (loss)		(9,645,354)
Subscriptions			33,000
Redemptions			(28,866,222)	$ (270,000)
Net increase (decrease) in Partners' Capital		(38,748,576)
Partners' Capital, beginning of period at Dec. 31, 2016		136,664,864
Partners' Capital, end of period at Sep. 30, 2017		$ 97,916,288
Net gains (losses) on trading of commodity interests and investment in the Funds:
Net income (loss) per Redeemable Unit	[1]	$ (71.52)
Weighted average Redeemable Units outstanding		138,784.0212
Net asset value per Redeemable Unit (120,242.4512 and 176,511.6562 Redeemable Units outstanding at September 30, 2017 and 2016, respectively)		$ 847.96
Interest income		$ 27,829
Interest income allocated from the Funds		167,418
Total investment income		195,247
Expenses allocated from the Funds		230,484
Clearing fees related to direct investments		19,066
Ongoing selling agent fees		529,987
General Partner fees		263,749
Management fees		366,332
Professional fees		123,491
Total expenses		1,533,109
Net investment loss		(1,337,862)
Net realized gains (losses) on closed contracts		(548,179)
Net realized gains (losses) on closed contracts allocated from the Funds		(2,503,280)
Net change in unrealized gains (losses) on open contracts		670,109
Net change in unrealized gains (losses) on open contracts allocated from the Funds		(527,538)
Total trading results		(2,908,888)
Net income (loss)		(4,246,750)
Redemptions			$ (7,986,446)
Net increase (decrease) in Partners' Capital		(12,233,196)
Partners' Capital, beginning of period at Jun. 30, 2017		110,149,484
Partners' Capital, end of period at Sep. 30, 2017		$ 97,916,288
Net gains (losses) on trading of commodity interests and investment in the Funds:
Net income (loss) per Redeemable Unit	[1]	$ (33.64)
Weighted average Redeemable Units outstanding		127,096.2982
Net asset value per Redeemable Unit (120,242.4512 and 176,511.6562 Redeemable Units outstanding at September 30, 2017 and 2016, respectively)		$ 814.32
[1]	Represents the change in net asset value per Redeemable Unit during the period.

Statements of Income and Expen6

Statements of Income and Expenses and Changes in Partners' Capital (Parenthetical) - shares	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Net asset value, Redeemable Units outstanding	120,242.4512	176,511.6562

Organization

Organization	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. Organization: Ceres Tactical Systematic L.P. (formerly, Tactical Diversified Futures Fund L.P.) (the “Partnership”) is a limited partnership organized under the partnership laws of the State of New York on December 3, 2002 to engage, directly or indirectly, in the speculative trading of a diversified portfolio of commodity interests including futures, option, swap and forward contracts. The sectors traded include currencies, energy, grains, indices, U.S. and non-U.S. Ceres Managed Futures LLC, a Delaware limited liability company, acts as the general partner (the “General Partner” or, with respect to Boronia Trading Company (defined below), the “Trading Manager”) and commodity pool operator of the Partnership. As of January 1, 2017, the General Partner became a wholly-owned subsidiary of Morgan Stanley Domestic Holdings, Inc. (“MSD Holdings”). MSD 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 January 1, 2017, the General Partner was a wholly-owned subsidiary of Morgan Stanley Smith Barney Holdings LLC. All trading decisions are made for the Partnership by Willowbridge Associates Inc. (“Willowbridge”), Aspect Capital Limited (“Aspect”), Graham Capital Management, L.P., (“Graham”), Boronia Capital Pty. Ltd. (“Boronia”), The Cambridge Strategy (Asset Management) Limited (“Cambridge”) and International Standard Asset Management (“ISAM”) (each an “Advisor” and collectively, the “Advisors”), each of which is a registered commodity trading advisor. Effective September 30, 2016, JE Moody & Company LLC (“JE Moody”) ceased to act as a commodity trading advisor to the Partnership. Effective June 30, 2016, Altis Partners (Jersey) Limited (“Altis”) ceased to act as a commodity trading advisor to the Partnership. Reference herein to “Advisors” may include, as relevant, Altis and JE Moody. Each Advisor is allocated a portion of the Partnership’s assets to manage. The Partnership invests the portion of its assets allocated to each of the Advisors either directly, through individually managed accounts, or indirectly, through its investment in the Funds. Between March 27, 2003 (commencement of the public offering period) and April 30, 2003, 36,616 redeemable units of limited partnership interest in the Partnership (“Redeemable Units”) were sold at $1,000 per Redeemable Unit. The proceeds of the initial public offering were held in an escrow account until April 30, 2003, at which time they were turned over to the Partnership for trading. The Partnership was authorized to publicly offer 300,000 Redeemable Units during the initial public offering period. As of December 4, 2003, the Partnership was authorized to publicly offer an additional 700,000 Redeemable Units. As of October 7, 2004, the Partnership was authorized to publicly offer an additional 1,000,000 Redeemable Units. As of June 30, 2005, the Partnership was authorized to publicly offer Redeemable Units previously registered. The public offering of Redeemable Units terminated on November 30, 2008. The Partnership currently privately and continuously offers Redeemable Units to qualified investors. There is no maximum number of Redeemable Units that may be sold by the Partnership. During the reporting periods ended September 30, 2017 and 2016, the Partnership’s/Funds’ commodity broker was Morgan Stanley & Co. LLC (“MS&Co.”), a registered futures commission merchant. The Partnership/Funds also deposit a portion of their cash in a non-trading Effective September 13, 2017, the Partnership changed its name from Tactical Diversified Futures Fund L.P. to Ceres Tactical Systematic L.P. ISAM directly trades the Partnership’s assets allocated to it through a managed account in the name of the Partnership pursuant to ISAM’s Systematic Trend Programme. CMF Willowbridge Master Fund L.P. (“Willowbridge Master”), CMF Aspect Master Fund L.P. (“Aspect Master”), CMF Graham Capital Master Fund L.P. (“Graham Master”), CMF Boronia I, LLC (formerly, Morgan Stanley Smith Barney Boronia I, LLC) (“Boronia I, LLC” or “Boronia Trading Company”), Cambridge Master Fund L.P. (“Cambridge Master”) and prior to their termination, CMF Altis Partners Master Fund L.P. (“Altis Master”) and JEM Master Fund L.P. (“JEM Master”), have entered into a futures brokerage account agreement with MS&Co. Willowbridge Master, Aspect Master, Graham Master, Boronia I, LLC and Cambridge Master are collectively referred to as the “Funds”. Reference herein to the “Funds” may include, as relevant, Altis Master and JEM Master. Willowbridge Master, Aspect Master, Graham Master, Boronia I, LLC and Cambridge Master have also entered into a foreign exchange prime brokerage agreement with MS&Co. The Partnership has also entered into a futures brokerage account agreement and a foreign exchange prime brokerage agreement with MS&Co. The Partnership, directly and through its investment in the Funds, pays MS&Co. (or will reimburse MS&Co. if previously paid) its allocable share of all trading fees for the clearing and, where applicable, execution of transactions as well as exchange, clearing, user, give-up, Effective July 12, 2017 Aspect Master, Cambridge Master, Graham Master and Willowbridge Master each entered into certain agreements with JPMorgan in connection with trading in forward foreign currency contracts on behalf of the referenced Funds and indirectly, the Partnership. These agreements include a foreign exchange and bullion authorization agreement (“FX Agreement”), an International Swap Dealers Association, Inc. master agreement (“Master Agreement”), a schedule to the Master Agreement, a 2016 credit support annex for variation margin to the schedule and an institutional account agreement. In addition to Cambridge Master and Willowbridge Master, Cambridge and Willowbridge are both parties to the FX Agreements for the Funds to which each acts as advisor. Under each FX Agreement, JPMorgan charges a fee on the aggregate foreign currency transactions entered into on behalf of the respective Fund during a month. The Partnership has also entered into a selling agreement (the “Selling Agreement”) with Morgan Stanley Smith Barney LLC, doing business as Morgan Stanley Wealth Management (“Morgan Stanley Wealth Management”). Pursuant to the Selling Agreement, Morgan Stanley Wealth Management receives a monthly ongoing selling agent fee equal to 2.0% per year of the Partnership’s adjusted month-end 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 cost of retaining the Administrator is allocated among the pools operated by the General Partner, including the Partnership.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
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, 2017, and the results of its operations and changes in partners’ capital for the three and nine months ended September 30, 2017 and 2016. These financial statements present the results for interim periods and do not include all 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 10-K”) 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. Use of Estimates Profit Allocation. Statement of Cash Flows. “Statement of Cash Flows.” Partnership’s Investment in the Funds. Partnership’s/Funds’ Derivative Investments. first-in, first-out The Partnership and 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 from changes in market prices of investments held. Such fluctuations are included in total trading results in the Partnership’s/Funds’ Statements of Income and Expenses and Changes in Partners’ Capital. Partnership’s Cash. Income Taxes. “Income Taxes,” “more-likely-than-not” more-likely-than-not Investment Company Status. 2013-08 , “Financial Services — Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements” Net Income (Loss) per Redeemable Unit. Financial Services-Investment Companies 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, 2016.

Financial Highlights

Financial Highlights	9 Months Ended
	Sep. 30, 2017
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, 2017 and 2016 were as follows: Three Months Ended Nine Months Ended 2017 2016 2017 2016 Per Redeemable Unit Performance (for a unit outstanding throughout the period):* Net realized and unrealized gains (losses) (23.11 ) (34.78 ) (38.70 ) (29.64 ) Net investment loss (10.53 ) (12.65 ) (32.82 ) (41.62 ) Increase (decrease) for the period (33.64 ) (47.43 ) (71.52 ) (71.26 ) Net asset value per Redeemable Unit, beginning of period 847.96 957.62 885.84 981.45 Net asset value per Redeemable Unit, end of period $ 814.32 $ 910.19 $ 814.32 $ 910.19 Three Months Ended Nine Months Ended 2017 2016 2017 2016 Ratios to Average Limited Partners’ Capital:** Net investment loss*** (5.1 ) % (5.4 ) % (5.2 ) % (5.7 ) % Operating expenses 5.8 % 5.7 % 5.8 % 5.7 % Incentive fees 0.0 % 0.0 % **** 0.0 % 0.2 % Total expenses 5.8 % 5.7 % 5.8 % 5.9 % Total return: Total return before incentive fees (4.0 ) % (5.0 ) % (8.1 ) % (7.1 ) % Incentive fees (0.0 ) % (0.0 ) % **** (0.0 ) % (0.2 ) % Total return after incentive fees (4.0 ) % (5.0 ) % (8.1 ) % (7.3 ) % * Net investment loss per Redeemable Unit is calculated by dividing the interest income less total expenses by the average number of Redeemable Units outstanding during the period. The net realized and unrealized gains (losses) per Redeemable Unit is a balancing amount necessary to reconcile the change in net asset value per Redeemable Unit with the other per unit information. ** Annualized (except for incentive fees). *** Interest income less total expenses. **** Due to rounding. 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 partners’ capital of the Partnership and include the income and expenses allocated from the Funds.

Trading Activities

Trading Activities	9 Months Ended
	Sep. 30, 2017
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 instruments. The results of the Partnership’s trading activities are shown in the Statements of Income and Expenses and Changes in Partners’ Capital. The Partnership also invests certain of its assets through a “master/feeder” structure. The Partnership’s pro-rata The futures brokerage account agreements with MS&Co. give the Partnership and the Funds the legal right to net unrealized gains and losses on open futures contracts and open forward contracts in the Statements of Financial Condition. The Partnership and the Funds net, for financial reporting purposes, the unrealized gains and losses on open futures and open forward contracts in the Statements of Financial Condition as the criteria under ASC 210-20, Balance Sheet All of the commodity interests owned directly by the Partnership are held for trading purposes. All of the commodity interests owned by the Funds are held for trading purposes. The monthly average number of futures contracts traded directly by the Partnership during the three months ended September 30, 2017 and 2016 were 1,977 and 1,290, respectively. The monthly average number of futures contracts traded directly by the Partnership during the nine months ended September 30, 2017 and 2016 were 2,022 and 1,290, respectively. The monthly average number of metals forward contracts traded directly by the Partnership during the three months ended September 30, 2017 and 2016 were 116 and 48, respectively. The monthly average number of metals forward contracts traded directly by the Partnership during the nine months ended September 30, 2017 and 2016 were 107 and 48, respectively. The monthly average notional value of currency forward contracts traded directly by the Partnership during the three months ended September 30, 2017 and 2016 were $56,387,478 and $23,940,288, respectively. The monthly average notional value of currency forward contracts traded directly by the Partnership during the nine months ended September 30, 2017 and 2016 were $57,202,551 and $23,940,288, respectively. Trading and transaction fees are based on the number of trades executed by the Advisors and the Partnership’s respective percentage ownership of each Fund. All clearing fees paid to MS&Co. are borne directly by the Partnership for its direct trading. In addition, clearing fees are borne by the Funds and allocated to the Funds’ limited partners/non-managing The following tables summarize the gross and net amounts recognized relating to assets and liabilities of the Partnership’s derivatives and their offsetting subject to master netting arrangements or similar agreements as of September 30, 2017 and December 31, 2016, respectively. Gross Amounts Recognized Gross Amounts Offset in the Statements of Financial Condition Net Amounts Presented in the Statements of Financial Condition Gross Amounts Not Offset in the Statements of Financial Condition Net Amount September 30, 2017 Financial Instruments Cash Collateral Received/ Pledged* Assets Futures $ 712,537 $ (398,114 ) $ 314,423 $ - $ - $ 314,423 Forwards 218,814 (218,814 ) - - - - Total assets $ 931,351 $ (616,928 ) $ 314,423 $ - $ - $ 314,423 Liabilities Futures $ (398,114 ) $ 398,114 $ - $ - $ - $ - Forwards (355,732 ) 218,814 (136,918 ) - - (136,918) Total liabilities $ (753,846 ) $ 616,928 $ (136,918 ) $ - $ - $ (136,918) Net fair value $ 177,505 * Gross Amounts Recognized Gross Amounts Offset in the Statements of Financial Condition Net Amounts Presented in the Statements of Financial Condition Gross Amounts Not Offset in the Statements of Financial Condition Financial Instruments Cash Collateral Received/ Pledged* Net Amount December 31, 2016 Assets Futures $ 652,819 $ (218,448 ) $ 434,371 $ - $ - $ 434,371 Forwards 243,107 (243,107 ) - - - - Total assets $ 895,926 $ (461,555 ) $ 434,371 $ - $ - $ 434,371 Liabilities Futures $ (218,448 ) $ 218,448 $ - $ - $ - $ - Forwards (307,501 ) 243,107 (64,394 ) - - (64,394) Total liabilities $ (525,949 ) $ 461,555 $ (64,394 ) $ - $ - $ (64,394) Net fair value $ 369,977 * * In the event of default by the Partnership, MS&Co., the Partnership’s commodity futures broker and the sole counterparty to the Partnership’s non-exchange-traded The following tables indicate the gross fair values of derivative instruments of futures and forward contracts held directly by the Partnership as separate assets and liabilities as of September 30, 2017 and December 31, 2016, respectively. September 30, Assets Futures Contracts Currencies $ 4,908 Energy 251,231 Grains 53,358 Indices 210,089 Interest Rates U.S. 1,844 Interest Rates Non-U.S. 125,081 Livestock 8,970 Metals 9,410 Softs 47,646 Total unrealized appreciation on open futures contracts 712,537 Liabilities Futures Contracts Currencies (11,593 ) Energy (25,841 ) Grains (46,342 ) Indices (82,542 ) Interest Rates U.S. (10,797 ) Interest Rates Non-U.S. (113,956 ) Livestock (15,578 ) Metals (48,328 ) Softs (43,137 ) Total unrealized depreciation on open futures contracts (398,114 ) Net unrealized appreciation on open futures contracts $ 314,423 * Assets Forward Contracts Currencies $ 118,949 Metals 99,865 Total unrealized appreciation on open forward contracts 218,814 Liabilities Forward Contracts Currencies (261,061 ) Metals (94,671 ) Total unrealized depreciation on open forward contracts (355,732 ) Net unrealized depreciation on open forward contracts $ (136,918 ) ** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized depreciation on open forward contracts” in the Statements of Financial Condition. December 31, Assets Futures Contracts Currencies $ 8,276 Energy 118,837 Grains 38,610 Indices 95,026 Interest Rates U.S. 21,211 Interest Rates Non-U.S. 100,985 Livestock 2,455 Metals 67,712 Softs 199,707 Total unrealized appreciation on open futures contracts 652,819 Liabilities Futures Contracts Currencies (5,661 ) Energy (15,500 ) Grains (66,210 ) Indices (54,091 ) Interest Rates U.S. (9,695 ) Interest Rates Non-U.S. (33,137 ) Livestock (1,480 ) Metals (10,521 ) Softs (22,153 ) Total unrealized depreciation on open futures contracts (218,448 ) Net unrealized appreciation on open futures contracts $ 434,371 * Assets Forward Contracts Currencies $ 118,251 Metals 124,856 Total unrealized appreciation on open forward contracts 243,107 Liabilities Forward Contracts Currencies (194,963 ) Metals (112,538 ) Total unrealized depreciation on open forward contracts (307,501 ) Net unrealized depreciation on open forward contracts $ (64,394 ) ** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized depreciation on open forward contracts” in the Statements of Financial Condition. The following table indicates the trading gains and losses, by market sector, on derivative instruments traded directly by the Partnership for the three and nine months ended September 30, 2017 and 2016, respectively. Three Months Ended Nine Months Ended September 30, September 30, Sector 2017 2016 2017 2016 Currencies $ (156,437 ) $ 1,581 $ (565,138 ) $ 1,581 Energy 34,437 (186,309 ) (651,784 ) (186,309 ) Grains (155,532 ) 73,220 (677,124 ) 73,220 Indices 509,687 (66,124 ) 1,612,137 (66,124 ) Interest Rates U.S. (64,156 ) (42,204 ) (212,851 ) (42,204 ) Interest Rates Non-U.S. 4,137 (182,108 ) (485,373 ) (182,108 ) Livestock (96,060 ) 201,850 (52,747 ) 201,850 Metals 268,418 (64,824 ) 75,908 (64,824 ) Softs (222,564 ) 64,451 (41,786 ) 64,451 Total $ 121,930 * ** $ (200,467 ) * ** $ (998,758 ) * ** $ (200,467 ) * ** *** This amount is included in “Total trading results” in the Statements of Income and Expenses and Changes in Partners’ Capital.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements: Partnership’s and the Funds’ Fair Value Measurements The fair value of exchange-traded futures, option and forward contracts is determined by the various exchanges, and reflects the settlement price for each contract as of the close of business on the last business day of the reporting period. The fair value of foreign currency forward contracts is extrapolated on a forward basis from the spot prices quoted as of approximately 3:00 P.M. (E.T.) on the last business day of the reporting period from various exchanges. The fair value of non-exchange-traded The Partnership and the Funds consider prices for exchange-traded commodity futures, forward, swap and option 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 September 30, 2017 Total Level 1 Level 2 Level 3 Assets Futures $ 712,537 $ 712,537 $ - $ - Forwards 218,814 99,865 118,949 - Total Assets $ 931,351 $ 812,402 $ 118,949 $ - Liabilities Futures $ 398,114 $ 398,114 $ - $ - Forwards 355,732 94,671 261,061 - Total Liabilities $ 753,846 $ 492,785 $ 261,061 $ - December 31, 2016 Total Level 1 Level 2 Level 3 Assets Futures $ 652,819 $ 652,819 $ - $ - Forwards 243,107 124,856 118,251 - Total Assets $ 895,926 $ 777,675 $ 118,251 $ - Liabilities Futures $ 218,448 $ 218,448 $ - $ - Forwards 307,501 112,538 194,963 - Total Liabilities $ 525,949 $ 330,986 $ 194,963 $ -

Investment in the Funds

Investment in the Funds	9 Months Ended
	Sep. 30, 2017
Schedule of Investments [Abstract]
Investment in the Funds	6. Investment in the 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. Aspect Master permits accounts managed by Aspect using the 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 July 1, 2005, the assets allocated to Willowbridge for trading were invested in Willowbridge Master (formerly CMF Willowbridge Argo Master Fund L.P.), a limited partnership organized under the partnership laws of the State of New York. Willowbridge Master permits accounts managed by Willowbridge using its wPraxis Futures Trading Approach, a proprietary, discretionary trading system, to invest together in one trading vehicle. The General Partner is also the general partner of Willowbridge Master. Individual and pooled accounts currently managed by Willowbridge, including the Partnership, are permitted to be limited partners of Willowbridge Master. The General Partner and Willowbridge believe that trading through this structure should promote efficiency and economy in the trading process. The General Partner and Willowbridge have agreed that Willowbridge will trade the assets allocated to Willowbridge at a level up to 3 times the amount of assets allocated. Prior to January 1, 2013, Willowbridge traded the Partnership’s assets pursuant to its Argo Trading System. On June 1, 2006, the assets allocated to Graham for trading were invested in Graham Master, a limited partnership organized under the partnership laws of the State of New York. Graham Master permits accounts managed by Graham using the K4D-15V Program, a proprietary, systematic trading system, to invest together in one trading vehicle. The General Partner is also the general partner of Graham Master. Individual and pooled accounts currently managed by Graham, including the Partnership, are permitted to be limited partners of Graham Master. The General Partner and Graham believe that trading through this structure should promote efficiency and economy in the trading process. On May 1, 2011, 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. Prior to its termination, Altis Master permitted commodity pools managed by Altis using the Global Futures Portfolio Program, a proprietary, systematic trading system, to invest together in one trading vehicle. The Partnership fully redeemed its investment in Altis Master on June 30, 2016 for cash equal to $19,215,106. On January 1, 2013, the assets allocated to Boronia for trading were invested in Boronia I, LLC, a limited liability company organized under the limited liability company laws of the State of Delaware. Boronia I, LLC permits accounts managed by Boronia using the Boronia Diversified Program, a proprietary, systematic trading system, to invest together in one trading vehicle. The General Partner is also the trading manager of Boronia I, LLC. Individual and pooled accounts currently managed by Boronia, including the Partnership, are permitted to be members of Boronia I, LLC. The Trading Manager and Boronia believe that trading through this structure should promote efficiency and economy in the trading process. The Trading Manager and Boronia agreed that Boronia will trade the Partnership’s assets allocated to Boronia at a level up to 1.5 times the amount of assets allocated. On August 1, 2013, the assets allocated to JE Moody for trading were invested in JEM Master, a limited partnership organized under the partnership laws of the State of Delaware. Prior to its termination, JEM Master permitted accounts managed by JE Moody using the JEM Commodity Relative Value Program, a proprietary, systematic trading program, to invest together in one trading vehicle. The Partnership fully redeemed its investment in JEM Master on September 30, 2016 for cash equal to $9,054,379. On December 1, 2015, the assets allocated to Cambridge for trading were invested in Cambridge Master, a limited partnership organized under the partnership laws of the State of Delaware. Cambridge Master permits accounts managed by Cambridge using the Asian Markets Alpha Programme and the Emerging Markets Alpha Programme, each a proprietary, systematic trading program, to invest together in one trading vehicle. The General Partner is also the general partner of Cambridge Master. Individual and pooled accounts currently managed by Cambridge, including the Partnership, are permitted to be limited partners of Cambridge Master. The General Partner and Cambridge believe that trading through this structure should promote efficiency and economy in the trading process. The General Partner and Cambridge agreed that Cambridge will trade the Partnership’s assets allocated to Cambridge at a level that is up to 1.5 times the amount of assets allocated. The amount of leverage may be increased or decreased in the future. However, in no event will the amount of leverage be greater than 2 times the amount of assets allocated. The General Partner is not aware of any material changes to the trading programs discussed above during the fiscal quarter ended September 30, 2017. The Funds’ and the Partnership’s trading of futures, forward and option contracts, as applicable, on commodities is done primarily on U.S. and foreign commodity exchanges. The Funds and the Partnership engage in such trading through commodity brokerage accounts maintained with MS&Co. Generally, a limited partner/member in the Funds withdraws all or part of its capital contribution and undistributed profits, if any, from the Funds as of the end of any month (the “Redemption Date”) after a request has been made to the General Partner/Trading Manager at least three days in advance of the Redemption Date. Such withdrawals are classified as a liability when the limited partner/member elects to redeem and informs the Funds. However, a limited partner/member may request a withdrawal as of the end of any day if such request is received by the General Partner/Trading Manager at least three days in advance of the proposed withdrawal day. Management fees, General Partner fees, ongoing selling agent fees and incentive fees are charged at the Partnership level, except for management and incentive fees payable to Boronia which are charged at the Boronia Trading Company level. All clearing fees paid to MS&Co. are borne directly by the Partnership for its direct trading. In addition, clearing fees are borne by the Funds and allocated to the Funds’ limited partners/non-managing As of September 30, 2017, the Partnership owned approximately 8.8% of Willowbridge Master, 43.4% of Aspect Master, 69.5% of Graham Master, 35.8% of Boronia I, LLC and 56.7% of Cambridge Master. At December 31, 2016, the Partnership owned approximately 9.8% of Willowbridge Master, 44.7% of Aspect Master, 68.6% of Graham Master, 35.0% of Boronia I, LLC and 44.1% of Cambridge Master. It is the Partnership’s intention to continue to invest in the Funds. The performance of the Partnership is directly affected by the performance of the Funds. Expenses to investors as a result of investment in the Funds are approximately the same as they would be if the Partnership traded directly and the redemption rights are not affected. Summarized information reflecting the total assets, liabilities and partners’/members’ capital of the Funds is shown in the following tables: September 30, 2017 Total Assets Total Liabilities Total Capital Willowbridge Master $ 341,361,040 $ 4,973,479 $ 336,387,561 Aspect Master 34,682,697 894,615 33,788,082 Graham Master 17,310,121 356,537 16,953,584 Boronia I, LLC 25,936,950 137,163 25,799,787 Cambridge Master 37,588,153 37,728 37,550,425 December 31, 2016 Total Assets Total Liabilities Total Capital Willowbridge Master $ 396,846,845 $ 5,348,232 $ 391,498,613 Aspect Master 53,867,283 237,915 53,629,368 Graham Master 32,989,339 23,229 32,966,110 Boronia I, LLC 46,628,650 267,197 46,361,453 Cambridge Master 58,282,466 1,125,600 57,156,866 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, 2017 Net Investment Total Trading Income (Loss) Results Net Income (Loss) Willowbridge Master $ 309,222 $ (18,046,425 ) $ (17,737,203 ) Aspect Master 25,218 (277,930 ) (252,712 ) Graham Master 3,120 222,369 225,489 Boronia I, LLC (289,867 ) (1,232,433 ) (1,522,300 ) Cambridge Master 42,206 (1,947,071 ) (1,904,865 ) For the nine months ended September 30, 2017 Net Investment Total Trading Income (Loss) Results Net Income (Loss) Willowbridge Master $ 881,779 $ (21,416,617 ) $ (20,534,838 ) Aspect Master 57,875 (2,930,464 ) (2,872,589 ) Graham Master 10,086 (626,700 ) (616,614 ) Boronia I, LLC (1,068,119 ) (6,266,687 ) (7,334,806 ) Cambridge Master 105,724 3,712,345 3,818,069 For the three months ended September 30, 2016 Net Investment Total Trading Net Income (Loss) Willowbridge Master $ (38,070 ) $ (8,182,932 ) $ (8,221,002 ) Aspect Master (17,102 ) (780,337 ) (797,439 ) Graham Master (15,620 ) (1,390,129 ) (1,405,749 ) JEM Master (111,911 ) 1,089,745 977,834 Boronia I, LLC (601,850 ) (7,110,962 ) (7,712,812 ) Cambridge Master (3,827 ) (5,491,999 ) (5,495,826 ) For the nine months ended September 30, 2016 Net Investment Total Trading Net Income (Loss) Willowbridge Master $ (222,525 ) $ (18,740,739 ) $ (18,963,264 ) Aspect Master (71,218 ) (252,863 ) (324,081 ) Graham Master (67,316 ) (1,735,913 ) (1,803,229 ) JEM Master (380,665 ) (17,095 ) (397,760 ) Boronia I, LLC (2,375,665 ) 4,386,573 2,010,908 Cambridge Master 3,746 (2,913,416 ) (2,909,670 ) 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, 2017 For the three months ended September 30, 2017 % of Expenses Net Partners’ Fair Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Value (Loss) Fees Fees Fee Fee (Loss) Objective Permitted Willowbridge Master 30.33 % $ 29,701,857 $ (1,498,595 ) $ 39,013 $ 1,497 $ - $ - $ (1,539,105 ) Commodity Monthly Aspect Master 14.98 % 14,669,998 (86,423 ) 12,566 6,899 - - (105,888 ) Commodity Monthly Graham Master 12.05 % 11,797,451 173,135 10,553 10,943 - - 151,639 Commodity Monthly Boronia I, LLC 9.44 % 9,245,094 (442,038 ) 80,488 8,937 37,999 - (569,462 ) Commodity Monthly Cambridge Master 21.77 % 21,312,479 (1,009,479 ) 13,530 8,059 - - (1,031,068 ) Commodity Monthly Total $ 86,726,879 $ (2,863,400 ) $ 156,150 $ 36,335 $ 37,999 $ - $ (3,093,884 ) September 30, 2017 For the nine months ended September 30, 2017 % of Expenses Net Partners’ Fair Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Value (Loss) Fees Fees Fee Fee (Loss) Objective Permitted Willowbridge Master 30.33 % $ 29,701,857 $ (1,800,732 ) $ 88,632 $ 4,792 $ - $ - $ (1,894,156 ) Commodity Monthly Aspect Master 14.98 % 14,669,998 (1,179,696 ) 35,440 20,449 - - (1,235,585 ) Commodity Monthly Graham Master 12.05 % 11,797,451 (352,494 ) 32,765 32,667 - - (417,926 ) Commodity Monthly Boronia I, LLC 9.44 % 9,245,094 (2,030,776 ) 256,669 29,723 126,536 - (2,443,704 ) Commodity Monthly Cambridge Master 21.77 % 21,312,479 1,707,243 35,104 22,248 - - 1,649,891 Commodity Monthly Total $ 86,726,879 $ (3,656,455 ) $ 448,610 $ 109,879 $ 126,536 $ - $ (4,341,480 ) December 31, 2016 For the three months ended September 30, 2016 % of Expenses Net Partners’ Fair Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Value (Loss) Fees Fees Fee Fee (Loss) Objective Permitted Willowbridge Master 27.95 % $ 38,198,019 $ (788,893 ) $ 27,118 $ 2,087 $ - $ - $ (818,098 ) Commodity Monthly Aspect Master 17.56 % 24,000,563 (296,939 ) 13,167 9,029 - - (319,135 ) Commodity Monthly Graham Master 16.55 % 22,617,006 (975,625 ) 15,932 14,494 - - (1,006,051 ) Commodity Monthly JEM Master 0.00 % - 748,909 70,008 10,325 - - 668,576 Commodity Monthly Boronia I, LLC 11.86 % 16,206,218 (2,397,584 ) 130,240 17,891 76,381 206 (2,622,302 ) Commodity Monthly Cambridge Master 18.45 % 25,216,303 (2,462,037 ) 14,542 9,103 - - (2,485,682 ) Commodity Monthly Total $ 126,238,109 $ (6,172,169 ) $ 271,007 $ 62,929 $ 76,381 $ 206 $ (6,582,692 ) December 31, 2016 For the nine months ended September 30, 2016 % of Expenses Net Partners’ Fair Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Value (Loss) Fees Fees Fee Fee (Loss) Objective Permitted Willowbridge Master 27.95 % $ 38,198,019 $ (1,898,638 ) $ 89,721 $ 6,873 $ - $ - $ (1,995,232 ) Commodity Monthly Aspect Master 17.56 % 24,000,563 94,544 44,735 30,607 - - 19,202 Commodity Monthly Graham Master 16.55 % 22,617,006 (1,147,820 ) 52,397 44,070 - - (1,244,287 ) Commodity Monthly Altis Master 0.00 % - (3,222,037 ) 77,805 30,569 - - (3,330,411 ) Commodity Monthly JEM Master 0.00 % - 57,484 218,771 36,013 - - (197,300 ) Commodity Monthly Boronia I, LLC 11.86 % 16,206,218 2,772,858 426,663 64,350 274,766 220,305 1,786,774 Commodity Monthly Cambridge Master 18.45 % 25,216,303 (1,540,467 ) 29,009 25,290 - - (1,594,766 ) Commodity Monthly Total $ 126,238,109 $ (4,884,076 ) $ 939,101 $ 237,772 $ 274,766 $ 220,305 $ (6,556,020 )

Financial Instrument Risks

Financial Instrument Risks	9 Months Ended
	Sep. 30, 2017
Investments, All Other Investments [Abstract]
Financial Instrument Risks	7. Financial Instrument Risks: In the normal course of business, the Partnership and the Funds are parties to financial instruments with off-balance-sheet over-the-counter Futures Contracts. Forward Foreign Currency Contracts. London Metals Exchange Forward Contracts. Options. marked-to-market marked-to-market As both a buyer and seller of options, the Partnership/Funds pay or receive a premium at the outset and then bear the risk of unfavorable changes in the price of the contract underlying the option. Written options expose the Partnership/Funds to potentially unlimited liability; for purchased options, the risk of loss is limited to the premiums paid. Certain written put options permit cash settlement and do not require the option holder to own the reference asset. The Partnership/Funds do not consider these contracts to be guarantees. Futures-style options. Market risk is the potential for changes in the value of the financial instruments traded by the Partnership/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 Partnership and the Funds are exposed to market risk equal to the value of the futures and forward contracts held 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 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., an MS&Co. affiliate or JPMorgan are counterparties or brokers 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. or an MS&Co. affiliate, the Partnership’s/Funds’ counterparty is an exchange or clearing organization. The General Partner monitors and attempts to mitigate 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 Partnership’s/Funds’ business, these instruments may not be held to maturity. 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. In the ordinary course of business, the Partnership/Funds enter into contracts and agreements that contain various representations and warranties and which provide general indemnifications. The Partnership’s/Funds’ maximum exposure under these arrangements cannot be determined, as this could include future claims that have not yet been made against the Partnership/Funds. The Partnership/Funds consider the risk of any future obligation relating to these indemnifications to be remote.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	8. Subsequent Events: The General Partner evaluates events that occur after the balance sheet date but before and up until financial statements are issued. The General Partner has assessed the subsequent events through the date the financial statements were issued and has determined that, other than that described below, there were no additional subsequent events requiring adjustment to or disclosure in the financial statements. Effective November 1, 2017, the monthly management fee paid by the Partnership to ISAM will be reduced from 1/12 th month-end th month-end

Basis of Presentation and Sum15

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates
Profit Allocation	Profit Allocation.
Statement of Cash Flows	Statement of Cash Flows. “Statement of Cash Flows.”
Partnership's Investment in the Funds	Partnership’s Investment in the Funds.
Partnership's/Funds' Derivative Investments	Partnership’s/Funds’ Derivative Investments. first-in, first-out The Partnership and 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 from changes in market prices of investments held. Such fluctuations are included in total trading results in the Partnership’s/Funds’ Statements of Income and Expenses and Changes in Partners’ Capital.
Partnership's Cash	Partnership’s Cash.
Income Taxes	Income Taxes. “Income Taxes,” “more-likely-than-not” more-likely-than-not
Investment Company Status	Investment Company Status. 2013-08 , “Financial Services — Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements”
Net Income (Loss) per Redeemable Unit	Net Income (Loss) per Redeemable Unit. Financial Services-Investment Companies
Partnership's and the Funds' Fair Value Measurements	Partnership’s and the Funds’ Fair Value Measurements The fair value of exchange-traded futures, option and forward contracts is determined by the various exchanges, and reflects the settlement price for each contract as of the close of business on the last business day of the reporting period. The fair value of foreign currency forward contracts is extrapolated on a forward basis from the spot prices quoted as of approximately 3:00 P.M. (E.T.) on the last business day of the reporting period from various exchanges. The fair value of non-exchange-traded The Partnership and the Funds consider prices for exchange-traded commodity futures, forward, swap and option 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

Financial Highlights (Tables)

Financial Highlights (Tables)	9 Months Ended
	Sep. 30, 2017
Text Block [Abstract]
Financial Highlights	Financial highlights for the limited partner class as a whole for the three and nine months ended September 30, 2017 and 2016 were as follows: Three Months Ended Nine Months Ended 2017 2016 2017 2016 Per Redeemable Unit Performance (for a unit outstanding throughout the period):* Net realized and unrealized gains (losses) (23.11 ) (34.78 ) (38.70 ) (29.64 ) Net investment loss (10.53 ) (12.65 ) (32.82 ) (41.62 ) Increase (decrease) for the period (33.64 ) (47.43 ) (71.52 ) (71.26 ) Net asset value per Redeemable Unit, beginning of period 847.96 957.62 885.84 981.45 Net asset value per Redeemable Unit, end of period $ 814.32 $ 910.19 $ 814.32 $ 910.19 Three Months Ended Nine Months Ended 2017 2016 2017 2016 Ratios to Average Limited Partners’ Capital:** Net investment loss*** (5.1 ) % (5.4 ) % (5.2 ) % (5.7 ) % Operating expenses 5.8 % 5.7 % 5.8 % 5.7 % Incentive fees 0.0 % 0.0 % **** 0.0 % 0.2 % Total expenses 5.8 % 5.7 % 5.8 % 5.9 % Total return: Total return before incentive fees (4.0 ) % (5.0 ) % (8.1 ) % (7.1 ) % Incentive fees (0.0 ) % (0.0 ) % **** (0.0 ) % (0.2 ) % Total return after incentive fees (4.0 ) % (5.0 ) % (8.1 ) % (7.3 ) % * Net investment loss per Redeemable Unit is calculated by dividing the interest income less total expenses by the average number of Redeemable Units outstanding during the period. The net realized and unrealized gains (losses) per Redeemable Unit is a balancing amount necessary to reconcile the change in net asset value per Redeemable Unit with the other per unit information. ** Annualized (except for incentive fees). *** Interest income less total expenses. **** Due to rounding.

Trading Activities (Tables)

Trading Activities (Tables)	9 Months Ended
	Sep. 30, 2017
Brokers and Dealers [Abstract]
Summary of Gross and Net Amounts Recognized Relating to Assets and Liabilities of Partnership's Derivatives	The following tables summarize the gross and net amounts recognized relating to assets and liabilities of the Partnership’s derivatives and their offsetting subject to master netting arrangements or similar agreements as of September 30, 2017 and December 31, 2016, respectively. Gross Amounts Recognized Gross Amounts Offset in the Statements of Financial Condition Net Amounts Presented in the Statements of Financial Condition Gross Amounts Not Offset in the Statements of Financial Condition Net Amount September 30, 2017 Financial Instruments Cash Collateral Received/ Pledged* Assets Futures $ 712,537 $ (398,114 ) $ 314,423 $ - $ - $ 314,423 Forwards 218,814 (218,814 ) - - - - Total assets $ 931,351 $ (616,928 ) $ 314,423 $ - $ - $ 314,423 Liabilities Futures $ (398,114 ) $ 398,114 $ - $ - $ - $ - Forwards (355,732 ) 218,814 (136,918 ) - - (136,918) Total liabilities $ (753,846 ) $ 616,928 $ (136,918 ) $ - $ - $ (136,918) Net fair value $ 177,505 * Gross Amounts Recognized Gross Amounts Offset in the Statements of Financial Condition Net Amounts Presented in the Statements of Financial Condition Gross Amounts Not Offset in the Statements of Financial Condition Financial Instruments Cash Collateral Received/ Pledged* Net Amount December 31, 2016 Assets Futures $ 652,819 $ (218,448 ) $ 434,371 $ - $ - $ 434,371 Forwards 243,107 (243,107 ) - - - - Total assets $ 895,926 $ (461,555 ) $ 434,371 $ - $ - $ 434,371 Liabilities Futures $ (218,448 ) $ 218,448 $ - $ - $ - $ - Forwards (307,501 ) 243,107 (64,394 ) - - (64,394) Total liabilities $ (525,949 ) $ 461,555 $ (64,394 ) $ - $ - $ (64,394) Net fair value $ 369,977 * * In the event of default by the Partnership, MS&Co., the Partnership’s commodity futures broker and the sole counterparty to the Partnership’s non-exchange-traded
Gross Fair Values of Derivative Instruments of Futures and Forward Contracts Traded	The following tables indicate the gross fair values of derivative instruments of futures and forward contracts held directly by the Partnership as separate assets and liabilities as of September 30, 2017 and December 31, 2016, respectively. September 30, Assets Futures Contracts Currencies $ 4,908 Energy 251,231 Grains 53,358 Indices 210,089 Interest Rates U.S. 1,844 Interest Rates Non-U.S. 125,081 Livestock 8,970 Metals 9,410 Softs 47,646 Total unrealized appreciation on open futures contracts 712,537 Liabilities Futures Contracts Currencies (11,593 ) Energy (25,841 ) Grains (46,342 ) Indices (82,542 ) Interest Rates U.S. (10,797 ) Interest Rates Non-U.S. (113,956 ) Livestock (15,578 ) Metals (48,328 ) Softs (43,137 ) Total unrealized depreciation on open futures contracts (398,114 ) Net unrealized appreciation on open futures contracts $ 314,423 * Assets Forward Contracts Currencies $ 118,949 Metals 99,865 Total unrealized appreciation on open forward contracts 218,814 Liabilities Forward Contracts Currencies (261,061 ) Metals (94,671 ) Total unrealized depreciation on open forward contracts (355,732 ) Net unrealized depreciation on open forward contracts $ (136,918 ) ** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized depreciation on open forward contracts” in the Statements of Financial Condition. December 31, Assets Futures Contracts Currencies $ 8,276 Energy 118,837 Grains 38,610 Indices 95,026 Interest Rates U.S. 21,211 Interest Rates Non-U.S. 100,985 Livestock 2,455 Metals 67,712 Softs 199,707 Total unrealized appreciation on open futures contracts 652,819 Liabilities Futures Contracts Currencies (5,661 ) Energy (15,500 ) Grains (66,210 ) Indices (54,091 ) Interest Rates U.S. (9,695 ) Interest Rates Non-U.S. (33,137 ) Livestock (1,480 ) Metals (10,521 ) Softs (22,153 ) Total unrealized depreciation on open futures contracts (218,448 ) Net unrealized appreciation on open futures contracts $ 434,371 * Assets Forward Contracts Currencies $ 118,251 Metals 124,856 Total unrealized appreciation on open forward contracts 243,107 Liabilities Forward Contracts Currencies (194,963 ) Metals (112,538 ) Total unrealized depreciation on open forward contracts (307,501 ) Net unrealized depreciation on open forward contracts $ (64,394 ) ** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized depreciation on open forward contracts” in the Statements of Financial Condition.
Trading Gains and Losses by Market Sector on Derivative Instruments Traded	The following table indicates the trading gains and losses, by market sector, on derivative instruments traded directly by the Partnership for the three and nine months ended September 30, 2017 and 2016, respectively. Three Months Ended Nine Months Ended September 30, September 30, Sector 2017 2016 2017 2016 Currencies $ (156,437 ) $ 1,581 $ (565,138 ) $ 1,581 Energy 34,437 (186,309 ) (651,784 ) (186,309 ) Grains (155,532 ) 73,220 (677,124 ) 73,220 Indices 509,687 (66,124 ) 1,612,137 (66,124 ) Interest Rates U.S. (64,156 ) (42,204 ) (212,851 ) (42,204 ) Interest Rates Non-U.S. 4,137 (182,108 ) (485,373 ) (182,108 ) Livestock (96,060 ) 201,850 (52,747 ) 201,850 Metals 268,418 (64,824 ) 75,908 (64,824 ) Softs (222,564 ) 64,451 (41,786 ) 64,451 Total $ 121,930 * ** $ (200,467 ) * ** $ (998,758 ) * ** $ (200,467 ) * ** *** This amount is included in “Total trading results” in the Statements of Income and Expenses and Changes in Partners’ Capital.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value	During the reporting periods, there were no transfers of assets or liabilities between Level 1 and Level 2. September 30, 2017 Total Level 1 Level 2 Level 3 Assets Futures $ 712,537 $ 712,537 $ - $ - Forwards 218,814 99,865 118,949 - Total Assets $ 931,351 $ 812,402 $ 118,949 $ - Liabilities Futures $ 398,114 $ 398,114 $ - $ - Forwards 355,732 94,671 261,061 - Total Liabilities $ 753,846 $ 492,785 $ 261,061 $ - December 31, 2016 Total Level 1 Level 2 Level 3 Assets Futures $ 652,819 $ 652,819 $ - $ - Forwards 243,107 124,856 118,251 - Total Assets $ 895,926 $ 777,675 $ 118,251 $ - Liabilities Futures $ 218,448 $ 218,448 $ - $ - Forwards 307,501 112,538 194,963 - Total Liabilities $ 525,949 $ 330,986 $ 194,963 $ -

Investment in the Funds (Tables

Investment in the Funds (Tables)	9 Months Ended
	Sep. 30, 2017
Schedule of Investments [Abstract]
Assets, Liabilities and Partners'/Members' Capital of Funds	Summarized information reflecting the total assets, liabilities and partners’/members’ capital of the Funds is shown in the following tables: September 30, 2017 Total Assets Total Liabilities Total Capital Willowbridge Master $ 341,361,040 $ 4,973,479 $ 336,387,561 Aspect Master 34,682,697 894,615 33,788,082 Graham Master 17,310,121 356,537 16,953,584 Boronia I, LLC 25,936,950 137,163 25,799,787 Cambridge Master 37,588,153 37,728 37,550,425 December 31, 2016 Total Assets Total Liabilities Total Capital Willowbridge Master $ 396,846,845 $ 5,348,232 $ 391,498,613 Aspect Master 53,867,283 237,915 53,629,368 Graham Master 32,989,339 23,229 32,966,110 Boronia I, LLC 46,628,650 267,197 46,361,453 Cambridge Master 58,282,466 1,125,600 57,156,866
Net Investment Income (Loss), Trading Results and Net Income (Loss) of Funds	September 30, 2017 Total Assets Total Liabilities Total Capital Willowbridge Master $ 341,361,040 $ 4,973,479 $ 336,387,561 Aspect Master 34,682,697 894,615 33,788,082 Graham Master 17,310,121 356,537 16,953,584 Boronia I, LLC 25,936,950 137,163 25,799,787 Cambridge Master 37,588,153 37,728 37,550,425 December 31, 2016 Total Assets Total Liabilities Total Capital Willowbridge Master $ 396,846,845 $ 5,348,232 $ 391,498,613 Aspect Master 53,867,283 237,915 53,629,368 Graham Master 32,989,339 23,229 32,966,110 Boronia I, LLC 46,628,650 267,197 46,361,453 Cambridge Master 58,282,466 1,125,600 57,156,866 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, 2017 Net Investment Total Trading Income (Loss) Results Net Income (Loss) Willowbridge Master $ 309,222 $ (18,046,425 ) $ (17,737,203 ) Aspect Master 25,218 (277,930 ) (252,712 ) Graham Master 3,120 222,369 225,489 Boronia I, LLC (289,867 ) (1,232,433 ) (1,522,300 ) Cambridge Master 42,206 (1,947,071 ) (1,904,865 ) For the nine months ended September 30, 2017 Net Investment Total Trading Income (Loss) Results Net Income (Loss) Willowbridge Master $ 881,779 $ (21,416,617 ) $ (20,534,838 ) Aspect Master 57,875 (2,930,464 ) (2,872,589 ) Graham Master 10,086 (626,700 ) (616,614 ) Boronia I, LLC (1,068,119 ) (6,266,687 ) (7,334,806 ) Cambridge Master 105,724 3,712,345 3,818,069 For the three months ended September 30, 2016 Net Investment Total Trading Net Income (Loss) Willowbridge Master $ (38,070 ) $ (8,182,932 ) $ (8,221,002 ) Aspect Master (17,102 ) (780,337 ) (797,439 ) Graham Master (15,620 ) (1,390,129 ) (1,405,749 ) JEM Master (111,911 ) 1,089,745 977,834 Boronia I, LLC (601,850 ) (7,110,962 ) (7,712,812 ) Cambridge Master (3,827 ) (5,491,999 ) (5,495,826 ) For the nine months ended September 30, 2016 Net Investment Total Trading Net Income (Loss) Willowbridge Master $ (222,525 ) $ (18,740,739 ) $ (18,963,264 ) Aspect Master (71,218 ) (252,863 ) (324,081 ) Graham Master (67,316 ) (1,735,913 ) (1,803,229 ) JEM Master (380,665 ) (17,095 ) (397,760 ) Boronia I, LLC (2,375,665 ) 4,386,573 2,010,908 Cambridge Master 3,746 (2,913,416 ) (2,909,670 )
Partnership's Investments in, and Partnership's Pro Rata Share of Results of Operations of 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, 2017 For the three months ended September 30, 2017 % of Expenses Net Partners’ Fair Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Value (Loss) Fees Fees Fee Fee (Loss) Objective Permitted Willowbridge Master 30.33 % $ 29,701,857 $ (1,498,595 ) $ 39,013 $ 1,497 $ - $ - $ (1,539,105 ) Commodity Monthly Aspect Master 14.98 % 14,669,998 (86,423 ) 12,566 6,899 - - (105,888 ) Commodity Monthly Graham Master 12.05 % 11,797,451 173,135 10,553 10,943 - - 151,639 Commodity Monthly Boronia I, LLC 9.44 % 9,245,094 (442,038 ) 80,488 8,937 37,999 - (569,462 ) Commodity Monthly Cambridge Master 21.77 % 21,312,479 (1,009,479 ) 13,530 8,059 - - (1,031,068 ) Commodity Monthly Total $ 86,726,879 $ (2,863,400 ) $ 156,150 $ 36,335 $ 37,999 $ - $ (3,093,884 ) September 30, 2017 For the nine months ended September 30, 2017 % of Expenses Net Partners’ Fair Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Value (Loss) Fees Fees Fee Fee (Loss) Objective Permitted Willowbridge Master 30.33 % $ 29,701,857 $ (1,800,732 ) $ 88,632 $ 4,792 $ - $ - $ (1,894,156 ) Commodity Monthly Aspect Master 14.98 % 14,669,998 (1,179,696 ) 35,440 20,449 - - (1,235,585 ) Commodity Monthly Graham Master 12.05 % 11,797,451 (352,494 ) 32,765 32,667 - - (417,926 ) Commodity Monthly Boronia I, LLC 9.44 % 9,245,094 (2,030,776 ) 256,669 29,723 126,536 - (2,443,704 ) Commodity Monthly Cambridge Master 21.77 % 21,312,479 1,707,243 35,104 22,248 - - 1,649,891 Commodity Monthly Total $ 86,726,879 $ (3,656,455 ) $ 448,610 $ 109,879 $ 126,536 $ - $ (4,341,480 ) December 31, 2016 For the three months ended September 30, 2016 % of Expenses Net Partners’ Fair Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Value (Loss) Fees Fees Fee Fee (Loss) Objective Permitted Willowbridge Master 27.95 % $ 38,198,019 $ (788,893 ) $ 27,118 $ 2,087 $ - $ - $ (818,098 ) Commodity Monthly Aspect Master 17.56 % 24,000,563 (296,939 ) 13,167 9,029 - - (319,135 ) Commodity Monthly Graham Master 16.55 % 22,617,006 (975,625 ) 15,932 14,494 - - (1,006,051 ) Commodity Monthly JEM Master 0.00 % - 748,909 70,008 10,325 - - 668,576 Commodity Monthly Boronia I, LLC 11.86 % 16,206,218 (2,397,584 ) 130,240 17,891 76,381 206 (2,622,302 ) Commodity Monthly Cambridge Master 18.45 % 25,216,303 (2,462,037 ) 14,542 9,103 - - (2,485,682 ) Commodity Monthly Total $ 126,238,109 $ (6,172,169 ) $ 271,007 $ 62,929 $ 76,381 $ 206 $ (6,582,692 ) December 31, 2016 For the nine months ended September 30, 2016 % of Expenses Net Partners’ Fair Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Value (Loss) Fees Fees Fee Fee (Loss) Objective Permitted Willowbridge Master 27.95 % $ 38,198,019 $ (1,898,638 ) $ 89,721 $ 6,873 $ - $ - $ (1,995,232 ) Commodity Monthly Aspect Master 17.56 % 24,000,563 94,544 44,735 30,607 - - 19,202 Commodity Monthly Graham Master 16.55 % 22,617,006 (1,147,820 ) 52,397 44,070 - - (1,244,287 ) Commodity Monthly Altis Master 0.00 % - (3,222,037 ) 77,805 30,569 - - (3,330,411 ) Commodity Monthly JEM Master 0.00 % - 57,484 218,771 36,013 - - (197,300 ) Commodity Monthly Boronia I, LLC 11.86 % 16,206,218 2,772,858 426,663 64,350 274,766 220,305 1,786,774 Commodity Monthly Cambridge Master 18.45 % 25,216,303 (1,540,467 ) 29,009 25,290 - - (1,594,766 ) Commodity Monthly Total $ 126,238,109 $ (4,884,076 ) $ 939,101 $ 237,772 $ 274,766 $ 220,305 $ (6,556,020 )

Organization - Additional Infor

Organization - Additional Information (Detail) - $ / shares	9 Months Ended
	Sep. 30, 2017	Oct. 07, 2004	Dec. 04, 2003	Apr. 30, 2003
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of redeemable units of limited partnership interest for public offer				36,616
Value of redeemable units				$ 1,000
Redeemable units of limited partnership interest authorized for public offer		1,000,000	700,000	300,000
Maximum number of Redeemable Units sold by the Partnership	0
Morgan Stanley Wealth Management [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Brokerage fees payable	2.00%

Basis of Presentation and Sum21

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Accounting Policies [Line Items]
Cash denominated in foreign currencies	$ 61,843	$ 144,332
Cash denominated in foreign currencies, cost	61,118	$ 144,485
Uncertain tax position	$ 0
Earliest Tax Year [Member]
Accounting Policies [Line Items]
Open tax year	2,013
Latest Tax Year [Member]
Accounting Policies [Line Items]
Open tax year	2,016

Financial Highlights - Schedule

Financial Highlights - Schedule of Changes in Net Asset Value (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Per Redeemable Unit Performance (for a unit outstanding throughout the period):
Net realized and unrealized gains (losses)	$ (23.11)	$ (34.78)	$ (38.70)	$ (29.64)
Net investment loss	(10.53)	(12.65)	(32.82)	(41.62)
Increase (decrease) for the period	(33.64)	(47.43)	(71.52)	(71.26)
Net asset value per Redeemable Unit, beginning of period	847.96	957.62	885.84	981.45
Net asset value per Redeemable Unit, end of period	$ 814.32	$ 910.19	$ 814.32	$ 910.19

Financial Highlights - Ratios t

Financial Highlights - Ratios to Average Limited Partners' Capital (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Ratios to Average Limited Partners' Capital:
Net investment loss	(5.10%)	(5.40%)	(5.20%)	(5.70%)
Operating expenses	5.80%	5.70%	5.80%	5.70%
Incentive fees	0.00%	0.00%	0.00%	0.20%
Total expenses	5.80%	5.70%	5.80%	5.90%
Total return:
Total return before incentive fees	(4.00%)	(5.00%)	(8.10%)	(7.10%)
Incentive fees	(0.00%)	(0.00%)	(0.00%)	(0.20%)
Total return after incentive fees	(4.00%)	(5.00%)	(8.10%)	(7.30%)

Trading Activities - Additional

Trading Activities - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)Contracts	Sep. 30, 2016USD ($)Contracts	Sep. 30, 2017USD ($)Contracts	Sep. 30, 2016USD ($)Contracts
Futures Contracts [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Monthly average number of derivative contracts traded	1,977	1,290	2,022	1,290
Forward Contracts [Member] | Metals [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Monthly average number of derivative contracts traded	116	48	107	48
Forward Contracts [Member] | Currencies [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Monthly average notional value of derivative | $	$ 56,387,478	$ 23,940,288	$ 57,202,551	$ 23,940,288

Trading Activities - Summary of

Trading Activities - Summary of Gross and Net Amounts Recognized Relating to Assets and Liabilities of Partnership's Derivatives (Detail) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Derivative [Line Items]
Gross Amounts Recognized, Assets	$ 931,351	$ 895,926
Gross Amounts Offset in the Statements of Financial Condition, Assets	(616,928)	(461,555)
Amounts Presented in the Statements of Financial Condition, Assets	314,423	434,371
Financial Instruments, Assets	0	0
Cash Collateral Received/Pledged, Assets	0	0
Net Amount, Assets	314,423	434,371
Gross Amounts Recognized, Liabilities	(753,846)	(525,949)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities	616,928	461,555
Amounts Presented in the Statements of Financial Condition, Liabilities	(136,918)	(64,394)
Financial Instruments, Liabilities	0	0
Cash Collateral Received/Pledged, Liabilities	0	0
Net Amount, Liabilities	(136,918)	(64,394)
Net fair value	177,505	369,977
Futures Contracts [Member]
Derivative [Line Items]
Gross Amounts Recognized, Assets	712,537	652,819
Gross Amounts Offset in the Statements of Financial Condition, Assets	(398,114)	(218,448)
Amounts Presented in the Statements of Financial Condition, Assets	314,423	434,371
Financial Instruments, Assets	0	0
Cash Collateral Received/Pledged, Assets	0	0
Net Amount, Assets	314,423	434,371
Gross Amounts Recognized, Liabilities	(398,114)	(218,448)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities	398,114	218,448
Financial Instruments, Liabilities	0	0
Cash Collateral Received/Pledged, Liabilities	0	0
Forward Contracts [Member]
Derivative [Line Items]
Gross Amounts Recognized, Assets	218,814	243,107
Gross Amounts Offset in the Statements of Financial Condition, Assets	(218,814)	(243,107)
Financial Instruments, Assets	0	0
Cash Collateral Received/Pledged, Assets	0	0
Gross Amounts Recognized, Liabilities	(355,732)	(307,501)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities	218,814	243,107
Amounts Presented in the Statements of Financial Condition, Liabilities	(136,918)	(64,394)
Financial Instruments, Liabilities	0	0
Cash Collateral Received/Pledged, Liabilities	0	0
Net Amount, Liabilities	$ (136,918)	$ (64,394)

Trading Activities - Gross Fair

Trading Activities - Gross Fair Values of Derivative Instruments of Futures and Forward Contracts Traded (Detail) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Futures Contracts [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	$ 712,537	$ 652,819
Total unrealized depreciation on open contracts	(398,114)	(218,448)
Net unrealized appreciation (depreciation) on open contracts	314,423	434,371
Futures Contracts [Member] | Currencies [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	4,908	8,276
Total unrealized depreciation on open contracts	(11,593)	(5,661)
Futures Contracts [Member] | Energy [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	251,231	118,837
Total unrealized depreciation on open contracts	(25,841)	(15,500)
Futures Contracts [Member] | Grains [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	53,358	38,610
Total unrealized depreciation on open contracts	(46,342)	(66,210)
Futures Contracts [Member] | Indices [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	210,089	95,026
Total unrealized depreciation on open contracts	(82,542)	(54,091)
Futures Contracts [Member] | Interest Rates U.S. [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	1,844	21,211
Total unrealized depreciation on open contracts	(10,797)	(9,695)
Futures Contracts [Member] | Interest Rates Non-U.S. [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	125,081	100,985
Total unrealized depreciation on open contracts	(113,956)	(33,137)
Futures Contracts [Member] | Livestock [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	8,970	2,455
Total unrealized depreciation on open contracts	(15,578)	(1,480)
Futures Contracts [Member] | Metals [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	9,410	67,712
Total unrealized depreciation on open contracts	(48,328)	(10,521)
Futures Contracts [Member] | Softs [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	47,646	199,707
Total unrealized depreciation on open contracts	(43,137)	(22,153)
Forward Contracts [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	218,814	243,107
Total unrealized depreciation on open contracts	(355,732)	(307,501)
Net unrealized appreciation (depreciation) on open contracts	(136,918)	(64,394)
Forward Contracts [Member] | Currencies [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	118,949	118,251
Total unrealized depreciation on open contracts	(261,061)	(194,963)
Forward Contracts [Member] | Metals [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	99,865	124,856
Total unrealized depreciation on open contracts	$ (94,671)	$ (112,538)

Trading Activities - Trading Ga

Trading Activities - Trading Gains and Losses by Market Sector on Derivative Instruments Traded (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Derivative [Line Items]
Total trading results	$ 121,930	$ (200,467)	$ (998,758)	$ (200,467)
Currencies [Member]
Derivative [Line Items]
Total trading results	(156,437)	1,581	(565,138)	1,581
Energy [Member]
Derivative [Line Items]
Total trading results	34,437	(186,309)	(651,784)	(186,309)
Grains [Member]
Derivative [Line Items]
Total trading results	(155,532)	73,220	(677,124)	73,220
Indices [Member]
Derivative [Line Items]
Total trading results	509,687	(66,124)	1,612,137	(66,124)
Interest Rates U.S. [Member]
Derivative [Line Items]
Total trading results	(64,156)	(42,204)	(212,851)	(42,204)
Interest Rates Non-U.S. [Member]
Derivative [Line Items]
Total trading results	4,137	(182,108)	(485,373)	(182,108)
Livestock [Member]
Derivative [Line Items]
Total trading results	(96,060)	201,850	(52,747)	201,850
Metals [Member]
Derivative [Line Items]
Total trading results	268,418	(64,824)	75,908	(64,824)
Softs [Member]
Derivative [Line Items]
Total trading results	$ (222,564)	$ 64,451	$ (41,786)	$ 64,451

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	Sep. 30, 2017USD ($)DerivativeInstrument	Dec. 31, 2016USD ($)DerivativeInstrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers of assets between Level 1 and Level 2	$ 0	$ 0
Transfers of liabilities between Level 1 and Level 2	$ 0	$ 0
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments held | DerivativeInstrument	0	0

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets and Liabilities Measured at Fair Value (Detail) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Assets
Total assets	$ 931,351	$ 895,926
Liabilities
Total liabilities	753,846	525,949
Futures Contracts [Member]
Assets
Total assets	712,537	652,819
Liabilities
Total liabilities	398,114	218,448
Forward Contracts [Member]
Assets
Total assets	218,814	243,107
Liabilities
Total liabilities	355,732	307,501
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member]
Assets
Total assets	812,402	777,675
Liabilities
Total liabilities	492,785	330,986
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member] | Futures Contracts [Member]
Assets
Total assets	712,537	652,819
Liabilities
Total liabilities	398,114	218,448
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member] | Forward Contracts [Member]
Assets
Total assets	99,865	124,856
Liabilities
Total liabilities	94,671	112,538
Significant Other Observable Inputs (Level 2) [Member]
Assets
Total assets	118,949	118,251
Liabilities
Total liabilities	261,061	194,963
Significant Other Observable Inputs (Level 2) [Member] | Forward Contracts [Member]
Assets
Total assets	118,949	118,251
Liabilities
Total liabilities	$ 261,061	$ 194,963

Investment in the Funds - Addit

Investment in the Funds - Additional Information (Detail) - USD ($)	Jun. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
CMF Aspect Master Fund L.P. [Member]
Investment [Line Items]
Percentage owned by partnership		43.40%		44.70%
CMF Willowbridge Master Fund L.P. [Member]
Investment [Line Items]
Maximum amount of partnership assets allocated to trading advisor		3 times
Percentage owned by partnership		8.80%		9.80%
CMF Graham Capital Master Fund L.P. [Member]
Investment [Line Items]
Percentage owned by partnership		69.50%		68.60%
CMF Altis Partners Master Fund L.P. [Member]
Investment [Line Items]
Cash redemption on investment	$ 19,215,106
CMF Boronia I LLC [Member]
Investment [Line Items]
Maximum amount of partnership assets allocated to trading advisor		1.5 times
Percentage owned by partnership		35.80%		35.00%
JEM Master Fund L.P. [Member]
Investment [Line Items]
Cash redemption on investment			$ 9,054,379
Cambridge Master Fund L.P. [Member]
Investment [Line Items]
Maximum amount of partnership assets allocated to trading advisor		The General Partner and Cambridge agreed that Cambridge will trade the Partnership's assets allocated to Cambridge at a level that is up to 1.5 times the amount of assets allocated. The amount of leverage may be increased or decreased in the future. However, in no event will the amount of leverage be greater than 2 times the amount of assets allocated.
Percentage owned by partnership		56.70%		44.10%

Investment in the Funds - Asset

Investment in the Funds - Assets, Liabilities and Partners'/Members' Capital of Funds (Detail) - USD ($)	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Investment Holdings [Line Items]
Total Assets	$ 101,755,971		$ 143,536,465
Total Liabilities	3,839,683		6,871,601
Total Capital	97,916,288	$ 110,149,484	136,664,864	$ 160,658,391	$ 181,518,421	$ 206,869,254
CMF Willowbridge Master Fund L.P. [Member]
Investment Holdings [Line Items]
Total Assets	341,361,040		396,846,845
Total Liabilities	4,973,479		5,348,232
Total Capital	336,387,561		391,498,613
CMF Aspect Master Fund L.P. [Member]
Investment Holdings [Line Items]
Total Assets	34,682,697		53,867,283
Total Liabilities	894,615		237,915
Total Capital	33,788,082		53,629,368
CMF Graham Capital Master Fund L.P. [Member]
Investment Holdings [Line Items]
Total Assets	17,310,121		32,989,339
Total Liabilities	356,537		23,229
Total Capital	16,953,584		32,966,110
CMF Boronia I LLC [Member]
Investment Holdings [Line Items]
Total Assets	25,936,950		46,628,650
Total Liabilities	137,163		267,197
Total Capital	25,799,787		46,361,453
Cambridge Master Fund L.P. [Member]
Investment Holdings [Line Items]
Total Assets	37,588,153		58,282,466
Total Liabilities	37,728		1,125,600
Total Capital	$ 37,550,425		$ 57,156,866

Investment in the Funds - Net I

Investment in the Funds - Net Investment Income (Loss), Trading Results and Net Income (Loss) of Funds (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Investment Holdings [Line Items]
Net Investment Income (Loss)	$ (1,337,862)	$ (2,353,591)	$ (4,554,437)	$ (8,207,585)
Total trading results	(2,908,888)	(6,460,818)	(5,090,917)	(5,347,957)
Net income (loss)	(4,246,750)	(8,814,409)	(9,645,354)	(13,555,542)
CMF Willowbridge Master Fund L.P. [Member]
Investment Holdings [Line Items]
Net Investment Income (Loss)	309,222	(38,070)	881,779	(222,525)
Total trading results	(18,046,425)	(8,182,932)	(21,416,617)	(18,740,739)
Net income (loss)	(17,737,203)	(8,221,002)	(20,534,838)	(18,963,264)
CMF Aspect Master Fund L.P. [Member]
Investment Holdings [Line Items]
Net Investment Income (Loss)	25,218	(17,102)	57,875	(71,218)
Total trading results	(277,930)	(780,337)	(2,930,464)	(252,863)
Net income (loss)	(252,712)	(797,439)	(2,872,589)	(324,081)
CMF Graham Capital Master Fund L.P. [Member]
Investment Holdings [Line Items]
Net Investment Income (Loss)	3,120	(15,620)	10,086	(67,316)
Total trading results	222,369	(1,390,129)	(626,700)	(1,735,913)
Net income (loss)	225,489	(1,405,749)	(616,614)	(1,803,229)
CMF Boronia I LLC [Member]
Investment Holdings [Line Items]
Net Investment Income (Loss)	(289,867)	(601,850)	(1,068,119)	(2,375,665)
Total trading results	(1,232,433)	(7,110,962)	(6,266,687)	4,386,573
Net income (loss)	(1,522,300)	(7,712,812)	(7,334,806)	2,010,908
Cambridge Master Fund L.P. [Member]
Investment Holdings [Line Items]
Net Investment Income (Loss)	42,206	(3,827)	105,724	3,746
Total trading results	(1,947,071)	(5,491,999)	3,712,345	(2,913,416)
Net income (loss)	$ (1,904,865)	(5,495,826)	$ 3,818,069	(2,909,670)
JEM Master Fund L.P. [Member]
Investment Holdings [Line Items]
Net Investment Income (Loss)		(111,911)		(380,665)
Total trading results		1,089,745		(17,095)
Net income (loss)		$ 977,834		$ (397,760)

Investment in the Funds - Partn

Investment in the Funds - Partnership's Investments in, and Partnership's Pro Rata Share of Results of Operations of Funds (Detail) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2017		Sep. 30, 2016	Sep. 30, 2017		Sep. 30, 2016	Dec. 31, 2016
Investment Holdings [Line Items]
% of Partner's Capital	88.57%			88.57%			92.37%
Fair Value	$ 86,726,879	[1]	$ 126,238,109	$ 86,726,879	[1]	$ 126,238,109	$ 126,238,109	[1]
Income (Loss)	(2,908,888)		(6,460,818)	(5,090,917)		(5,347,957)
Expenses, Clearing Fees	529,987		867,628	1,791,775		2,855,754
Expenses, Professional Fees	123,491		139,454	384,221		442,366
Management Fee	366,332		585,185	1,246,331		1,882,373
Incentive Fee						188,689
Net income (loss)	$ (4,246,750)		$ (8,814,409)	$ (9,645,354)		$ (13,555,542)
CMF Willowbridge Master Fund L.P. [Member]
Investment Holdings [Line Items]
% of Partner's Capital	30.33%		27.95%	30.33%		27.95%	27.95%
Fair Value	$ 29,701,857		$ 38,198,019	$ 29,701,857		$ 38,198,019	$ 38,198,019
CMF Aspect Master Fund L.P. [Member]
Investment Holdings [Line Items]
% of Partner's Capital	14.98%		17.56%	14.98%		17.56%	17.56%
Fair Value	$ 14,669,998		$ 24,000,563	$ 14,669,998		$ 24,000,563	$ 24,000,563
CMF Graham Capital Master Fund L.P. [Member]
Investment Holdings [Line Items]
% of Partner's Capital	12.05%		16.55%	12.05%		16.55%	16.55%
Fair Value	$ 11,797,451		$ 22,617,006	$ 11,797,451		$ 22,617,006	$ 22,617,006
CMF Boronia I LLC [Member]
Investment Holdings [Line Items]
% of Partner's Capital	9.44%		11.86%	9.44%		11.86%	11.86%
Fair Value	$ 9,245,094		$ 16,206,218	$ 9,245,094		$ 16,206,218	$ 16,206,218
Cambridge Master Fund L.P. [Member]
Investment Holdings [Line Items]
% of Partner's Capital	21.77%		18.45%	21.77%		18.45%	18.45%
Fair Value	$ 21,312,479		$ 25,216,303	$ 21,312,479		$ 25,216,303	$ 25,216,303
JEM Master Fund L.P. [Member]
Investment Holdings [Line Items]
% of Partner's Capital			0.00%			0.00%
CMF Altis Partners Master Fund L.P. [Member]
Investment Holdings [Line Items]
% of Partner's Capital			0.00%			0.00%
Investment In Funds [Member]
Investment Holdings [Line Items]
Income (Loss)	(2,863,400)		$ (6,172,169)	(3,656,455)		$ (4,884,076)
Expenses, Clearing Fees	156,150		271,007	448,610		939,101
Expenses, Professional Fees	36,335		62,929	109,879		237,772
Management Fee	37,999		76,381	126,536		274,766
Incentive Fee			206			220,305
Net income (loss)	(3,093,884)		(6,582,692)	(4,341,480)		(6,556,020)
Investment In Funds [Member] | Commodity [Member] | CMF Willowbridge Master Fund L.P. [Member]
Investment Holdings [Line Items]
Income (Loss)	(1,498,595)		(788,893)	(1,800,732)		(1,898,638)
Expenses, Clearing Fees	39,013		27,118	88,632		89,721
Expenses, Professional Fees	1,497		2,087	4,792		6,873
Net income (loss)	$ (1,539,105)		(818,098)	$ (1,894,156)		(1,995,232)
Investment Objective	Commodity Portfolio			Commodity Portfolio
Redemptions Permitted	Monthly			Monthly
Investment In Funds [Member] | Commodity [Member] | CMF Aspect Master Fund L.P. [Member]
Investment Holdings [Line Items]
Income (Loss)	$ (86,423)		(296,939)	$ (1,179,696)		94,544
Expenses, Clearing Fees	12,566		13,167	35,440		44,735
Expenses, Professional Fees	6,899		9,029	20,449		30,607
Net income (loss)	$ (105,888)		(319,135)	$ (1,235,585)		19,202
Investment Objective	Commodity Portfolio			Commodity Portfolio
Redemptions Permitted	Monthly			Monthly
Investment In Funds [Member] | Commodity [Member] | CMF Graham Capital Master Fund L.P. [Member]
Investment Holdings [Line Items]
Income (Loss)	$ 173,135		(975,625)	$ (352,494)		(1,147,820)
Expenses, Clearing Fees	10,553		15,932	32,765		52,397
Expenses, Professional Fees	10,943		14,494	32,667		44,070
Net income (loss)	$ 151,639		(1,006,051)	$ (417,926)		(1,244,287)
Investment Objective	Commodity Portfolio			Commodity Portfolio
Redemptions Permitted	Monthly			Monthly
Investment In Funds [Member] | Commodity [Member] | CMF Boronia I LLC [Member]
Investment Holdings [Line Items]
Income (Loss)	$ (442,038)		(2,397,584)	$ (2,030,776)		2,772,858
Expenses, Clearing Fees	80,488		130,240	256,669		426,663
Expenses, Professional Fees	8,937		17,891	29,723		64,350
Management Fee	37,999		76,381	126,536		274,766
Incentive Fee			206			220,305
Net income (loss)	$ (569,462)		(2,622,302)	$ (2,443,704)		1,786,774
Investment Objective	Commodity Portfolio			Commodity Portfolio
Redemptions Permitted	Monthly			Monthly
Investment In Funds [Member] | Commodity [Member] | Cambridge Master Fund L.P. [Member]
Investment Holdings [Line Items]
Income (Loss)	$ (1,009,479)		(2,462,037)	$ 1,707,243		(1,540,467)
Expenses, Clearing Fees	13,530		14,542	35,104		29,009
Expenses, Professional Fees	8,059		9,103	22,248		25,290
Net income (loss)	$ (1,031,068)		(2,485,682)	$ 1,649,891		(1,594,766)
Investment Objective	Commodity Portfolio			Commodity Portfolio
Redemptions Permitted	Monthly			Monthly
Investment In Funds [Member] | Commodity [Member] | JEM Master Fund L.P. [Member]
Investment Holdings [Line Items]
Income (Loss)			748,909			57,484
Expenses, Clearing Fees			70,008			218,771
Expenses, Professional Fees			10,325			36,013
Net income (loss)			$ 668,576			(197,300)
Investment In Funds [Member] | Commodity [Member] | CMF Altis Partners Master Fund L.P. [Member]
Investment Holdings [Line Items]
Income (Loss)						(3,222,037)
Expenses, Clearing Fees						77,805
Expenses, Professional Fees						30,569
Net income (loss)						$ (3,330,411)
[1]	Defined in Note 1.

Financial Instrument Risks - Ad

Financial Instrument Risks - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2017
Concentration Risk [Line Items]
Financial instruments maturity period	1 year
Minimum [Member] | Credit Concentration Risk [Member] | Partnership's/Fund's Contracts [Member] | Over the Counter [Member]
Concentration Risk [Line Items]
Concentration risk percentage	57.00%
Maximum [Member] | Credit Concentration Risk [Member] | Partnership's/Fund's Contracts [Member] | Over the Counter [Member]
Concentration Risk [Line Items]
Concentration risk percentage	75.00%

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	Nov. 01, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Subsequent Event [Line Items]
Quarterly incentive fee percentage of new trading profits earned		0.00%	0.00%	0.00%	0.20%
Subsequent Event [Member] | Minimum [Member] | ISAM [Member]
Subsequent Event [Line Items]
Management fee equal to month-end assets allocated, per month	0.0833%
Management fee equal to month-end assets allocated, per year	1.00%
Quarterly incentive fee percentage of new trading profits earned	20.00%
Subsequent Event [Member] | Maximum [Member] | ISAM [Member]
Subsequent Event [Line Items]
Management fee equal to month-end assets allocated, per month	0.125%
Management fee equal to month-end assets allocated, per year	1.50%
Quarterly incentive fee percentage of new trading profits earned	25.00%