Ceres Orion (OFFLP) 10-K 28 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 29, 2016	Jun. 30, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	OFFLP
Entity Registrant Name	ORION FUTURES FUND LP
Entity Central Index Key	1,227,265
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Class A Redeemable Units [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		354,853.7848
Entity Public Float			$ 1,044,248,081
Class Z Redeemable Units [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,595.7592
Entity Public Float			$ 2,665,754

Statements of Financial Conditi

Statements of Financial Condition - USD ($)		Dec. 31, 2015	Dec. 31, 2014
Assets:
Investment in Funds, at fair value (Note 6)	[1]	$ 998,303,064	$ 1,153,708,886
Equity in trading account:
Investment in U.S. Treasury bills, at fair value (amortized cost $91,974,799 and $0 at December 31, 2015 and 2014, respectively)	[1]	998,303,064	1,153,708,886
Cash (Note 3c)			346,282
Cash margin (Note 3c)		17,384,114
Total equity in trading account		109,980,280	346,282
Interest receivable (Note 3c)		3,437
Total assets		1,108,286,781	1,154,055,168
Liabilities:
Cash overdraft		2,799,232
Accrued expenses:
Ongoing selling agent fees (Note 3c)		2,758,713	2,577,191
Management fees (Note 3b)		885,234	886,677
General Partner fees (Note 3a)		688,987	719,578
Incentive fees (Note 3b)			19,251,105
Professional fees		349,705	153,198
Redemptions payable to Limited Partners (Note 7)		10,105,529	19,027,229
Total liabilities		17,587,400	42,614,978
Partners' Capital (Notes 1 and 7):
Total partners' capital		1,090,699,381	1,111,440,190
Total liabilities and partners' capital		1,108,286,781	1,154,055,168
Class Z Redeemable Units [Member]
Partners' Capital (Notes 1 and 7):
General Partner, Class Z (10,602.7003 Redeemable Units outstanding at December 31, 2015 and 2014)		12,017,940	12,174,299
Limited Partners		2,955,841	2,540,540
Total partners' capital		$ 14,973,781	$ 14,714,839
Net asset value per Redeemable Unit:
Net asset value per Redeemable Unit		$ 1,133.48	$ 1,148.23
Class A Redeemable Units [Member]
Partners' Capital (Notes 1 and 7):
Limited Partners		$ 1,075,725,600	$ 1,096,725,351
Total partners' capital		$ 1,075,725,600	$ 1,096,725,351
Net asset value per Redeemable Unit:
Net asset value per Redeemable Unit		$ 3,004.84	$ 3,076.78
Forward Contracts [Member]
Equity in trading account:
Net unrealized appreciation on open contracts		$ 467,991
US Treasury Bills [Member]
Assets:
Investment in Funds, at fair value (Note 6)		91,990,239
Equity in trading account:
Investment in U.S. Treasury bills, at fair value (amortized cost $91,974,799 and $0 at December 31, 2015 and 2014, respectively)		91,990,239
Futures Contracts [Member]
Equity in trading account:
Net unrealized appreciation on open contracts		$ 137,936
[1]	Defined in Note 1.

Statements of Financial Condit3

Statements of Financial Condition (Parenthetical) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
US Treasury Bills [Member]
Investment in U.S. Treasury bills, Amortized cost	$ 91,974,799	$ 0
Class Z Redeemable Units [Member]
General Partner Redeemable Units outstanding	10,602.7003	10,602.7003
Limited Partners Redeemable Units outstanding	2,607.7592	2,212.5782
Class A Redeemable Units [Member]
Limited Partners Redeemable Units outstanding	357,997.9468	356,452.4588

Condensed Schedule of Investmen

Condensed Schedule of Investments		Dec. 31, 2015USD ($)Contract	Dec. 31, 2014USD ($)
Schedule of Investments [Line Items]
Total Investment in Funds	[1]	$ 998,303,064	$ 1,153,708,886
Net fair value		$ 1,090,899,230
% of Partners' Capital		100.04%
Forward Contracts [Member]
Schedule of Investments [Line Items]
Percentage of Partners' Capital		0.25%
Unrealized Appreciation on Open Forward Contracts		$ 467,991
Unrealized Depreciation on Open Forward Contracts		(2,228,652)
Net unrealized appreciation (depreciation) on open contracts		$ 467,991
Percentage of Partners' Capital		(0.20%)
% of Partners' Capital		0.05%
Metals [Member] | Forward Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		506
Percentage of Partners' Capital		0.13%
Unrealized Appreciation on Open Forward Contracts		$ 1,375,041
Unrealized Depreciation on Open Forward Contracts		$ (765,188)
Percentage of Partners' Capital		(0.07%)
Currencies [Member] | Forward Contracts [Member]
Schedule of Investments [Line Items]
Percentage of Partners' Capital		0.12%
Unrealized Appreciation on Open Forward Contracts		$ 1,321,602
Notional Amount		106,385,444
Unrealized Depreciation on Open Forward Contracts		$ (1,463,464)
Percentage of Partners' Capital		(0.13%)
Notional Amount		$ 132,627,103
Futures Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Forward Contracts		137,936
Net unrealized appreciation (depreciation) on open contracts		$ 137,936
% of Partners' Capital		0.02%
Futures Contracts [Member] | Long [Member]
Schedule of Investments [Line Items]
Net unrealized appreciation (depreciation) on open contracts		$ (338,903)
% of Partners' Capital		(0.03%)
Futures Contracts [Member] | Long [Member] | Energy [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		9
Net unrealized appreciation (depreciation) on open contracts		$ (12,644)
% of Partners' Capital	[2]	0.00%
Futures Contracts [Member] | Long [Member] | Grains [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		97
Net unrealized appreciation (depreciation) on open contracts		$ (18,421)
% of Partners' Capital	[2]	0.00%
Futures Contracts [Member] | Long [Member] | Indices [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		350
Net unrealized appreciation (depreciation) on open contracts		$ (81,722)
% of Partners' Capital		(0.01%)
Futures Contracts [Member] | Long [Member] | Interest Rates U.S. [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		1,293
Net unrealized appreciation (depreciation) on open contracts		$ (63,964)
% 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		478
Net unrealized appreciation (depreciation) on open contracts		$ (155,218)
% of Partners' Capital		(0.01%)
Futures Contracts [Member] | Long [Member] | Softs [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		20
Net unrealized appreciation (depreciation) on open contracts		$ (6,934)
% of Partners' Capital	[2]	0.00%
Futures Contracts [Member] | Short [Member]
Schedule of Investments [Line Items]
Net unrealized appreciation (depreciation) on open contracts		$ 476,839
% of Partners' Capital		0.05%
Futures Contracts [Member] | Short [Member] | Energy [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		689
Net unrealized appreciation (depreciation) on open contracts		$ 630,002
% of Partners' Capital		0.06%
Futures Contracts [Member] | Short [Member] | Grains [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		802
Net unrealized appreciation (depreciation) on open contracts		$ 454,795
% of Partners' Capital		0.04%
Futures Contracts [Member] | Short [Member] | Indices [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		646
Net unrealized appreciation (depreciation) on open contracts		$ (237,157)
% of Partners' Capital		(0.02%)
Futures Contracts [Member] | Short [Member] | Interest Rates U.S. [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		851
Net unrealized appreciation (depreciation) on open contracts		$ (38,851)
% of Partners' Capital	[2]	0.00%
Futures Contracts [Member] | Short [Member] | Interest Rates Non-U.S. [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		475
Net unrealized appreciation (depreciation) on open contracts		$ 39,575
% of Partners' Capital	[2]	0.00%
Futures Contracts [Member] | Short [Member] | Softs [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		14
Net unrealized appreciation (depreciation) on open contracts		$ (19,169)
% of Partners' Capital	[2]	0.00%
Futures Contracts [Member] | Short [Member] | Livestock [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		72
Net unrealized appreciation (depreciation) on open contracts		$ (196,058)
% of Partners' Capital		(0.02%)
Futures Contracts [Member] | Short [Member] | Metals [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		185
Net unrealized appreciation (depreciation) on open contracts		$ (156,298)
% of Partners' Capital		(0.01%)
U.S. Government Securities [Member]
Schedule of Investments [Line Items]
Total Investment in Funds		$ 91,990,239
% of Partners' Capital		8.44%
U.S. Government Securities [Member] | U.S. Treasury bills, 0.19% [Member]
Schedule of Investments [Line Items]
Total Investment in Funds		$ 22,998,491
% of Partners' Capital		2.11%
U.S. Government Securities [Member] | U.S. Treasury bills, 0.125% [Member]
Schedule of Investments [Line Items]
Total Investment in Funds		$ 68,991,748
% of Partners' Capital		6.33%
Limited Partners [Member]
Schedule of Investments [Line Items]
Total Investment in Funds		$ 998,303,064	$ 1,153,708,886
% of Partners' Capital		91.53%	103.80%
Limited Partners [Member] | CMF Winton Master L.P. [Member]
Schedule of Investments [Line Items]
Total Investment in Funds		$ 351,974,066	$ 469,326,073
% of Partners' Capital		32.27%	42.23%
Limited Partners [Member] | Morgan Stanley Smith Barney TT II, LLC [Member]
Schedule of Investments [Line Items]
Total Investment in Funds		$ 360,373,336	$ 443,311,916
% of Partners' Capital		33.04%	39.88%
Limited Partners [Member] | CMF Willowbridge Master Fund L.P.[Member]
Schedule of Investments [Line Items]
Total Investment in Funds		$ 285,955,662	$ 241,070,897
% of Partners' Capital		26.22%	21.69%
[1]	Defined in Note 1.
[2]	Due to rounding.

Condensed Schedule of Investme5

Condensed Schedule of Investments (Parenthetical) - U.S. Government Securities [Member]	12 Months Ended
	Dec. 31, 2015USD ($)
U.S. Treasury bills, 0.19% [Member]
Schedule of Investments [Line Items]
Investment in U.S. Treasury bills, Amortized cost	$ 22,996,601
Investment, interest rate	0.19%
Face Amount	$ 23,000,000
Maturity Date	Jan. 21, 2016
U.S. Treasury bills, 0.125% [Member]
Schedule of Investments [Line Items]
Investment in U.S. Treasury bills, Amortized cost	$ 68,978,198
Investment, interest rate	0.125%
Face Amount	$ 69,000,000
Maturity Date	Feb. 11, 2016

Statements of Income and Expens

Statements of Income and Expenses - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investment Income:
Interest income		$ 21,474		$ 234
Interest income allocated from Funds		186,129	$ 117,686	289,459
Total investment income		207,603	117,686	289,693
Expenses:
Expenses allocated from Funds		14,314,643	21,717,890	12,342,029
Clearing fees related to direct investments (Note 3c)		84,444
Ongoing selling agent fees (Note 3c)		11,955,184	14,454,367	19,335,442
Management fees (Note 3b)		10,966,339	9,633,788	12,113,269
General Partner fees (Note 3a)		8,503,172	6,070,857	6,392,616
Incentive fees (Note 3b)		8,799,365	25,270,784	5,166,773
Professional fees		1,550,751	563,410	552,478
Total expenses		56,173,898	77,711,096	55,902,607
Net investment income (loss)		(55,966,295)	(77,593,410)	(55,612,914)
Net gains (losses) on trading of commodity interests and investment in Funds:
Net realized gains (losses) on closed contracts		(1,510,518)		(504,550)
Net realized gains (losses) on closed contracts allocated from Funds		77,564,141	237,114,654	(13,464,399)
Net change in unrealized gains (losses) on open contracts		605,927		504,550
Net change in unrealized gains (losses) on open contracts allocated from Funds		(46,648,570)	(2,337,360)	61,370,061
Total trading results		30,010,980	234,777,294	47,905,662
Net income (loss)		(25,955,315)	157,183,884	(7,707,252)
Class A Redeemable Units [Member]
Net gains (losses) on trading of commodity interests and investment in Funds:
Net income (loss)		$ (25,743,998)	$ 154,785,883	$ (7,920,019)
Net income (loss) per Redeemable Unit	[1]	$ (71.94)	$ 424.55	$ (4.23)
Weighted average Redeemable Units outstanding:
Weighted average Redeemable Units outstanding		364,259.6266	382,949.3926	483,890.3313
Class Z Redeemable Units [Member]
Net gains (losses) on trading of commodity interests and investment in Funds:
Net income (loss)		$ (211,317)	$ 2,398,001	$ 212,767
Net income (loss) per Redeemable Unit	[1]	$ (14.75)	$ 170.88	$ 14.03
Weighted average Redeemable Units outstanding:
Weighted average Redeemable Units outstanding		13,088.7533	15,348.4708	17,011.1131
[1]	Represents the change in net asset value per Redeemable Unit.

Statement of Partners' Capital

Statement of Partners' Capital - USD ($)	Total	Limited Partners [Member]	General Partner [Member]	Class A Redeemable Units [Member]	Class A Redeemable Units [Member]Limited Partners [Member]	Class A Redeemable Units [Member]General Partner [Member]	Class Z Redeemable Units [Member]	Class Z Redeemable Units [Member]Limited Partners [Member]	Class Z Redeemable Units [Member]General Partner [Member]
Net asset value per unit				$ 2,656.46			$ 963.32
Partners' Capital, beginning of period at Dec. 31, 2012	$ 1,360,480,597			$ 1,344,261,470			$ 16,219,127
Subscriptions - Limited Partners		$ 144,813,199			$ 144,088,051			$ 725,148
Redemptions - General Partner		$ (393,259,707)	$ (500,357)		$ (392,575,948)			$ (683,759)	$ (500,357)
Net income (loss)	(7,707,252)			(7,920,019)			212,767
Partners' Capital, end of period at Dec. 31, 2013	$ 1,116,054,454			$ 1,100,058,092			$ 15,996,362
Partners' Capital, beginning of period at Dec. 31, 2012	522,872.2383			506,035.4958			16,836.7425
Subscriptions - Limited Partners		55,819.3980			55,059.1970			760.2010
Partners' Capital, end of period at Dec. 31, 2013	431,134.4953			414,767.3528			16,367.1425
Redemptions - General Partner		(151,652.7280)	(532)		(150,930.6370)			(722.0910)	(532)
Allocation from the General Partner			$ 12,227,974			$ 12,204,538			$ 23,436
Allocation from the General Partner			4,627.5870			4,603.2970			24.2900
Net asset value per unit				$ 2,652.23			$ 977.35
Subscriptions - Limited Partners		$ 76,571,284			$ 76,450,084			$ 121,200
Redemptions - General Partner		$ (234,854,521)	$ (3,514,911)		$ (234,568,708)			$ (285,813)	$ (3,514,911)
Net income (loss)	$ 157,183,884			$ 154,785,883			$ 2,398,001
Partners' Capital, end of period at Dec. 31, 2014	$ 1,111,440,190			$ 1,096,725,351			$ 14,714,839
Subscriptions - Limited Partners		28,010.5960			27,883.6140			126.9820
Partners' Capital, end of period at Dec. 31, 2014	369,267.7373			356,452.4588			12,815.2785
Redemptions - General Partner		(86,483.4320)	(3,393.9220)		(86,198.5080)			(284.9240)	(3,393.9220)
Net asset value per unit				$ 3,076.78			$ 1,148.23
Subscriptions - Limited Partners		$ 135,353,595			$ 134,607,790			$ 745,805
Redemptions - General Partner		$ (130,139,089)			$ (129,863,543)			$ (275,546)
Net income (loss)	$ (25,955,315)			$ (25,743,998)			$ (211,317)
Partners' Capital, end of period at Dec. 31, 2015	$ 1,090,699,381			$ 1,075,725,600			$ 14,973,781
Subscriptions - Limited Partners		44,385.6640			43,748.0220			637.6420
Partners' Capital, end of period at Dec. 31, 2015	371,208.4063			357,997.9468			13,210.4595
Redemptions - General Partner		(42,444.9950)			(42,202.5340)			(242.4610)
Net asset value per unit				$ 3,004.84			$ 1,133.48

Partnership Organization

Partnership Organization	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Partnership Organization	1. Partnership Organization: Orion Futures Fund L.P. (the “Partnership”) is a limited partnership organized on March 22, 1999, under the partnership laws of the State of New York, 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, livestock, indices, U.S. and non-U.S. interest rates, softs and metals. The commodity interests that are traded by the Partnership, directly, and indirectly through its investments in the Funds (as defined below), are volatile and involve a high degree of market risk. The Partnership commenced trading on June 10, 1999. The Partnership privately and continuously offers redeemable units (“Redeemable Units”) to qualified investors. There is no maximum number of Redeemable Units that may be sold by the Partnership. The General Partner may also determine to invest up to all of the Partnership’s assets in United States (“U.S.”) Treasury bills and/or money market mutual funds, including money market mutual funds managed by Morgan Stanley or its affiliates. Ceres Managed Futures LLC, a Delaware limited liability company, acts as the general partner (the “General Partner”) and commodity pool operator of the Partnership. The General Partner is wholly owned by Morgan Stanley Smith Barney Holdings LLC (“MSSB Holdings”). MSSB Holdings is ultimately owned by Morgan Stanley. Morgan Stanley is a publicly held company whose shares are listed on the New York Stock Exchange. Morgan Stanley is engaged in various financial services and other businesses. Prior to June 28, 2013, Morgan Stanley indirectly owned a majority equity interest in MSSB Holdings, and Citigroup Inc. indirectly owned a minority equity interest in MSSB Holdings. Prior to July 31, 2009, the date as of which MSSB Holdings became its owner, the General Partner was wholly owned by Citigroup Financial Products Inc., a wholly owned subsidiary of Citigroup Global Markets Holdings Inc., the sole owner of which is Citigroup Inc. All trading decisions are made for the Partnership by Winton Capital Management Limited (“Winton”), Transtrend B.V. (“Transtrend”), Willowbridge Associates Inc. (“Willowbridge”), and Systematica Investments Limited (“Systematica”) (each an “Advisor” and, collectively, the “Advisors”), each of which is a registered commodity trading advisor. Effective November 30, 2014, AAA Capital Management Advisors, Ltd. (“AAA”) ceased to act as a commodity trading advisor for the Partnership. The portion of the Partnership’s assets that were allocated to AAA were reallocated among Winton, Transtrend and Willowbridge. References herein to an “Advisor” or the “Advisors” may also include, as relevant, AAA. 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 or indirectly through investments in the Funds. In addition, the General Partner may allocate the Partnership’s assets to additional non-major trading advisors (i.e., commodity trading advisors intended to be allocated less than 10% of the Partnership’s assets). Information about advisors allocated less than 10% of the Partnership’s assets may not be disclosed. On June 1, 2011, the Partnership began offering “Class A” Redeemable Units and “Class Z” Redeemable Units pursuant to the offering memorandum. All Redeemable Units issued prior to June 1, 2011, were deemed Class A Redeemable Units. The rights, powers, duties and obligations associated with investment in Class A Redeemable Units were not changed. Class Z Redeemable Units were first issued on August 1, 2011. Class Z Redeemable Units are offered to certain employees of Morgan Stanley and/or its subsidiaries (and their family members). Class A Redeemable Units and Class Z Redeemable Units will each be referred to as a “Class” and collectively referred to as the “Classes.” The Class of Redeemable Units that a limited partner receives upon a subscription will generally depend upon the status of the limited partner, although the General Partner may determine to offer a particular Class of Redeemable Units to investors at its discretion. During the years ended December 31, 2015 and 2014, the Partnership’s/Funds’ commodity broker was Morgan Stanley & Co. LLC (“MS&Co.”), a registered futures commission merchant. During a prior period included in this report, Citigroup Global Markets Inc. (“CGM”) also served as a commodity broker. CMF Winton Master L.P. (“Winton Master”), Morgan Stanley Smith Barney TT II, LLC (“Transtrend Master”), CMF Willowbridge Master Fund L.P. (“Willowbridge Master”), and the Partnership have entered into futures brokerage account agreements and foreign exchange brokerage account agreements with MS&Co. Prior to its liquidation, AAA Master LLC (“AAA Master”) entered into a futures brokerage agreement with MS&Co. Winton Master, Transtrend Master, Willowbridge Master and AAA Master are collectively referred to as the “Funds.” The Partnership, directly and through its investments in the Funds, pays MS&Co. trading fees for clearing, and where applicable, execution of transactions. The General Partner and each limited partner of the Partnership share in the profits and losses of the Partnership in proportion to the amount of Partnership interest owned by each, except that no limited partner is liable for obligations of the Partnership in excess of its capital contribution and profits, if any, net of distributions and losses, if any. In May 2013, the General Partner discovered an overstatement of brokerage commissions for the Partnership occurring during the period from June 2011 to March 2013 (the “Time Period”). As a result, the General Partner contributed the amount of the overstatement, $14,069,403, to the Partnership. This contribution was applied to current limited partners of the Partnership as well as former limited partners whose redemption proceeds were impacted by the overstatement. The Statements of Changes in Partners’ Capital reflects an allocation from the General Partner of $12,227,974 for the then current limited partners. The impact of the overstatement in the financial statements during the Time Period was not considered material. The Partnership will be liquidated upon the first to occur of the following: December 31, 2019; the net asset value per Redeemable Unit of any Class decreases to less than $400 as of a close of any business day; or under certain other circumstances as set forth in the limited partnership agreement of the Partnership (the “Limited Partnership Agreement”). In addition, the General Partner may, in its sole discretion, cause the Partnership to dissolve if the aggregate net assets of the Partnership decline to less than $1,000,000. 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.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	2. Basis of Presentation and Summary of Significant Accounting Policies: a. Use of Estimates. b. Statement of Cash Flows c. Partnership’s Investments in the Funds. Partnership’s/Funds’ Derivative Investments Partnership’s Cash. d. Income Taxes e. Investment Company Status. “Financial Services—Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements” f. Net Income (Loss) Per Redeemable Unit g. Fair Value of Financial Instruments. Financial Instruments h. Recent Accounting Pronouncements Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) In January 2016, the FASB issued ASU 2016-01, “ Recognition and Measurement of Financial Assets and Financial Liabilities i. Reclassification. j. Subsequent Events.

Agreements

Agreements	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Agreements	3. Agreements: a. Limited Partnership Agreement: The General Partner administers the business and affairs of the Partnership, including selecting one or more advisors to make trading decisions for the Partnership. The Partnership pays the General Partner a monthly fee (formerly, the administrative fee) equal to 1/12 of 0.75% (0.75% per year) of month-end net assets. Prior to October 1, 2014, the Partnership paid the General Partner a monthly fee equal to 1/24 of 1% (0.5% per year) of month-end net assets. Month-end net assets, for the purpose of calculating the General Partner fees are net assets, as defined in the Limited Partnership Agreement, prior to the reduction of the current month’s incentive fee accruals, the monthly management fees, the General Partner fee and any redemptions or distributions as of the end of such month. b. Management Agreement: The General Partner, on behalf of the Partnership, has entered into management agreements (each, a “Management Agreement”) with the Advisors. The Advisors are not affiliated with one another, the General Partner, MS&Co. or CGM, and are not responsible for the organization or operation of the Partnership. The Partnership paid AAA a monthly management fee equal to 1.5% per year of month-end net assets allocated to AAA. Winton receives a monthly management fee equal to 1.5% per year of month-end net assets allocated to Winton. Willowbridge receives a monthly management fee equal to 1.5% per year of month-end net assets allocated to Willowbridge. Systematica receives a monthly management fee equal to 1.0% per year of month-end net assets allocated to Systematica. Month-end net assets, for the purpose of calculating management fees are net assets, as defined in the Limited Partnership Agreement, prior to the reduction of the current month’s incentive fee accruals, the monthly management fees, the General Partner fee and any redemptions or distributions as of the end of such month. As of November 1, 2015, Transtrend Master pays Transtrend a monthly management fee of 1.0% per year on the aggregate net assets of Transtrend Master as of the first day of each month. For the period October 1, 2014 to October 31, 2015, Transtrend Master paid Transtrend a monthly management fee of 1.25% per year on the aggregate net assets of Transtrend Master as of the first day of each month. For the period from January 1, 2014 to September 30, 2014, Transtrend Master paid Transtrend a monthly management fee of either 1.25% per year or 1.5% per year depending on the aggregate net assets of Transtrend Master as of the first day of each month. Prior to January 1, 2014, Transtrend Master paid Transtrend a monthly management fee of either 1.75% per year or 2% per year depending on the aggregate net assets of Transtrend Master as of the first day of each month. The management fee paid by Transtrend Master is allocated to the Partnership based on its proportionate ownership interest of Transtrend Master. In addition, the Partnership is obligated to pay each Advisor, except for Transtrend, an incentive fee, payable quarterly, equal to 20% of the New Trading Profits, as defined in each Management Agreement, earned by each Advisor for the Partnership during each calendar quarter. Effective January 1, 2016, Transtrend receives an incentive fee equal to 20% of the New Trading Profits earned by Transtrend Master payable at the end of each calendar half year. Prior to January 1, 2016, Transtrend received an incentive fee equal to 20% of the New Trading Profits earned by Transtrend Master payable at the end of each calendar quarter. To the extent an Advisor incurs a loss for the Partnership, the Advisor will not be paid incentive fees until the Advisor recovers the net loss incurred and earns additional new trading profits for the Partnership. The incentive fee paid by Transtrend Master is allocated to the Partnership based on its proportionate ownership interest of Transtrend Master. Each Management Agreement may be terminated upon notice by either party. In allocating the assets of the Partnership among the Advisors, the General Partner considers, among other factors, each Advisor’s past performance, trading style, volatility of markets traded and fee requirements. The General Partner may modify or terminate the allocation of assets to the Advisors and may allocate the assets to additional advisors at any time. c. Customer Agreement/Selling Agent Agreement: Prior to and during part of the fourth quarter of 2013, the Partnership was party to a Customer Agreement with CGM (the “CGM Customer Agreement”). During the fourth quarter of 2013, the Partnership entered into a Customer Agreement with MS&Co. (the “Prior MS&Co. Customer Agreement”) and a Selling Agent Agreement with Morgan Stanley Wealth Management (the “Prior Selling Agreement”). The Partnership has terminated the CGM Customer Agreement, the Prior MS&Co. Customer Agreement and the Prior Selling Agreement. Effective March 1, 2014, the Partnership entered into a new futures brokerage account agreement with MS&Co. (the “Customer Agreement”) and ceased paying brokerage commissions to MS&Co. Under the Customer Agreement, the Partnership pays MS&Co. trading fees for the clearing and, where applicable, the execution of transactions, as well as exchange, clearing, user, give-up and National Futures Association (“NFA”) fees (the “clearing fees”) directly and through its investment in the Funds. MS&Co. clearing fees are allocated to the Partnership based on its proportionate ownership interest of the Funds. All of the Partnership’s assets not held in the Funds’ brokerage accounts at MS&Co. are deposited in the Partnership’s brokerage account at MS&Co. The Partnership’s cash is deposited by MS&Co. in segregated bank accounts to the extent required by Commodity Futures Trading Commission (“CFTC”) regulations. MS&Co. has agreed to pay the Partnership interest on 100% of the average daily equity maintained in cash in the Partnership’s (or the Partnership’s allocable portion of the Fund’s, except for Transtrend Master’s) brokerage account at the rate equal to the monthly average of the 4-week U.S. Treasury bill discount rate. MS&Co. has agreed to pay Transtrend Master interest on 100% of the average daily equity maintained in cash in Transtrend Master’s brokerage account at the rate equal to the monthly average of the 4-Week U.S. Treasury bill discount rate less 0.15% during such month but in no event less than zero. When the effective rate is less than zero, no interest is earned. All interest earned on U.S. Treasury bills purchased will be retained by the Partnership and/or the Funds, as applicable. For purposes of these interest credits, daily funds do not include monies due to Transtrend Master on or with respect to futures, forwards, or options contracts that have not been received. The Customer Agreement may generally be terminated upon notice by either party. Effective that same date, the Partnership entered into a new selling agreement with Morgan Stanley Smith Barney LLC (doing business as Morgan Stanley Wealth Management) (“Morgan Stanley Wealth Management”) (the “Selling Agreement”). Pursuant to the Selling Agreement, Morgan Stanley Wealth Management receives a monthly ongoing selling agent fee. Prior to October 1, 2014, the amount of the ongoing selling agent fee was calculated by multiplying the Partnership’s (i) round-turn futures transactions by $18.00 each, swaps by up to an equivalent amount and options transactions by $9.00 each per side, with respect to Class A Redeemable Units and (ii) round-turn futures transactions by $3.00 each, swaps by up to an equivalent amount and options transactions by $1.50 each per side, with respect to Class Z Redeemable Units. Effective October 1, 2014, the ongoing selling agent fee was (i) reduced to $15.00 each for futures transactions and up to an equivalent amount for swaps and $7.50 each per side for options transactions, with respect to Class A Redeemable Units and (ii) eliminated with respect to Class Z Redeemable Units. The ongoing selling agent fee amount is reduced by applicable floor brokerage fees. Morgan Stanley Wealth Management pays a portion of its ongoing selling agent fees to other properly licensed and/or registered selling agents, and such additional selling agents may share all or a substantial portion of such fees with their properly registered or exempted financial advisors who have sold Redeemable Units in the Partnership. Under the prior futures brokerage account agreement (the “Prior Customer Agreement”), the Partnership paid MS&Co. a monthly brokerage commission equal to (i) $18.00 per round-turn on futures transactions, up to an equivalent amount for swaps and $9.00 per side on options transactions, with respect to Class A Redeemable Units and (ii) $3.00 per round-turn on futures transactions, up to an equivalent amount for swaps and $1.50 per side on options transactions, with respect to Class Z Redeemable Units. The brokerage commissions were inclusive of applicable floor brokerage fees. The Partnership also paid MS&Co. clearing fees through its investment in the Funds. MS&Co. clearing fees were also allocated to the Partnership based on its proportionate share of the Funds. During the term of the Prior Customer Agreement, all of the Partnership’s assets not held in the Funds’ brokerage accounts at MS&Co. were deposited in the Partnership’s brokerage account at MS&Co. The Partnership’s cash was also deposited by MS&Co. in segregated bank accounts to the extent required by CFTC regulations. MS&Co. also agreed to pay the Partnership interest on 100% of the average daily equity maintained in cash in the Partnership’s (or the Partnership’s allocable portion of the Fund’s, except for Transtrend Master’s) brokerage account at the rate equal to the monthly average of the 4-week U.S. Treasury bill discount rate. MS&Co. also agreed to pay Transtrend Master interest on 100% of the average daily equity maintained in cash in Transtrend Master’s brokerage account at the rate equal to the monthly average of the 4-Week U.S. Treasury bill discount rate less 0.15% during such month but in no event less than zero. For purposes of these interest credits, daily funds also did not include monies due to Transtrend Master on or with respect to futures, forwards, or options contracts that have not been received. The Partnership has terminated the Prior Customer Agreement. Under the CGM Customer Agreement, the Partnership paid CGM a monthly brokerage commission equal to (i) $18.00 per round-turn on futures transactions, up to an equivalent amount for swaps and $9.00 per side on options transactions for Class A Redeemable Units, and (ii) $3.00 per round-turn on futures transactions, up to an equivalent amount for swaps and $1.50 per side on options transactions for Class Z Redeemable Units. The brokerage commissions were inclusive of applicable floor brokerage fees. The Partnership paid for exchange, service, clearing, user, give-up and NFA fees (collectively, the “CGM clearing fees”) through its investments in the Funds cleared through CGM. CGM clearing fees were allocated to the Partnership based on its proportionate share of such Funds. During the term of the CGM Customer Agreement, all of the Partnership’s assets that were not held in the Funds’ brokerage accounts at CGM were deposited in the Partnership’s brokerage account at CGM, except for Transtrend Master whose assets were held in its brokerage account at MS&Co. The Partnership’s cash was deposited by CGM in segregated bank accounts to the extent required by CFTC regulations. CGM paid the Partnership interest on 100% of the average daily equity maintained in cash in the Partnership’s (or the Partnership’s allocable portion of the Fund’s (except for Transtrend Master’s)) brokerage account at a 30-day U.S. Treasury bill rate determined weekly by CGM based on the average non-competitive yield on 3-month U.S. Treasury bills maturing 30 days from the date on which such weekly rate is determined. The Partnership has terminated the CGM Customer Agreement. The General Partner fees, management fees, incentive fees and all other expenses of the Partnership are allocated proportionally to each Class based on the net asset value of the Class.

Trading Activities

Trading Activities	12 Months Ended
	Dec. 31, 2015
Brokers and Dealers [Abstract]
Trading Activities	4. Trading Activities: The Partnership was formed for the purpose of trading contracts in a variety of commodity interests, including derivative financial instruments and derivative commodity instruments. The results of the Partnership’s trading activities are shown in the Statements of Income and Expenses. The Partnership also invests its assets through a “master/feeder” structure. The Partnership’s pro-rata share of the results of the Funds’ trading activities are shown in the Statements of Income and Expenses. The Customer Agreement among the Partnership, each of the Funds and MS&Co. gives, and the CGM Customer Agreement with the Partnership and the customer agreements between CGM and the Funds gave, the Partnership and the Funds the legal right to net unrealized gains and losses on open futures, forward and option 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, forward and option contracts on 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 Partnership’s monthly average number of futures contracts traded during the period October 1, 2015 to December 31, 2015 was 6,475. The Partnership’s monthly average number of metals forward contracts traded during the period October 1, 2015 to December 31, 2015 was 554. The Partnership’s monthly average notional value of currency forward contracts traded during the period October 1, 2015 to December 31, 2015 was $411,858,850. During prior periods included in this report before October 1, 2015, the assets of the Partnership were not traded directly. Ongoing selling agent fees and trading and transaction fees are, and brokerage commissions were, based on the number of trades executed by the Advisors for the Funds and the Partnership’s percentage ownership of the Funds. All trading, exchange, clearing, give-up from brokerage and National Futures Association fees (collectively, the “clearing fees”) paid to MS&Co. are borne by the Partnership for its direct trading and the Funds and are allocated to the limited partners, including the Partnership. The following table summarizes the gross and net amounts recognized relating to assets and liabilities of the Partnership’s derivatives and their offsetting subject to master netting or similar arrangements as of December 31, 2015. There were no direct investments as of December 31, 2014. Gross Amounts Amounts Gross Amounts Not Offset in the Offset in the Presented in the Statements of Financial Condition Gross Statements of Statements of Cash Collateral Amounts Financial Financial Financial Received/ December 31, 2015 Recognized Condition Condition Instruments Pledged* Net Amount Assets Futures $ 2,021,386 $ (1,883,450) $ 137,936 $ - $ - $ 137,936 Forwards 2,696,643 (2,228,652) 467,991 - - 467,991 Total assets $ 4,718,029 $ (4,112,102) $ 605,927 $ - $ - $ 605,927 Liabilities Futures $ (1,883,450) $ 1,883,450 $ - $ - $ - $ - Forwards (2,228,652) 2,228,652 - - - - Total liabilities $ (4,112,102) $ 4,112,102 $ - $ - $ - $ - Net fair value $ 605,927 * * In the event of default by the Partnership, MS&Co., the Partnership’s commodity futures broker and the sole counterparty to the Partnership’s off-exchange-traded contracts, as applicable, has the right to offset the Partnership’s obligation with the Partnership’s cash and/or U.S. Treasury bills held by MS&Co., thereby minimizing MS&Co.’s risk of loss. There is no collateral posted by MS&Co. and as such, in the event of default by MS&Co., the Partnership is exposed to the amount shown in the Statements of Financial Condition. In the case of exchange-traded contracts, the Partnership’s exposure to counterparty risk may be reduced since the exchange’s clearinghouse interposes its credit between buyer and seller and the clearinghouse’s guarantee fund may be available in the event of a default. The following table indicates the gross fair values of derivative instruments of futures and forward contracts held directly by the Partnership as separate assets and liabilities as of December 31, 2015. There were no direct investments as of December 31, 2014. December 31, 2015 Assets Futures Contracts Energy $ 1,053,095 Grains 462,600 Indices 82,629 Interest Rates U.S. 316,861 Interest Rates Non-U.S. 55,080 Metals 49,160 Softs 1,961 Total unrealized appreciation on open futures contracts 2,021,386 Liabilities Futures Contracts Energy (435,737) Grains (26,226) Indices (401,508) Interest Rates U.S. (419,676) Interest Rates Non-U.S. (170,723) Livestock (196,058) Metals (205,458) Softs (28,064) Total unrealized depreciation on open futures contracts (1,883,450) Net unrealized appreciation on open futures contracts $ 137,936 * Assets Forward Contracts Currencies $ 1,321,602 Metals 1,375,041 Total unrealized appreciation on open forward contracts 2,696,643 Liabilities Forward Contracts Currencies (1,463,464) Metals (765,188) Total unrealized depreciation on open forward contracts (2,228,652) Net unrealized appreciation on open forward contracts $ 467,991 ** * This amount is included in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is included in “Net unrealized appreciation 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 year ended December 31, 2015. During the years ended December 31, 2014 and 2013, no derivative instruments were traded directly by the Partnership. Sector 2015 Currencies $ 251,287 Energy 5,220,997 Grains 566,024 Indices (2,766,619) Interest Rates U.S. (1,850,339) Interest Rates Non-U.S. (2,871,784) Livestock 154,067 Metals 557,248 Softs (165,472) Total $ (904,591) *** *** This amount is included in “Total trading results” in the Partnership’s Statements of Income and Expenses.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2015
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 foreign currency option contracts is calculated by applying an industry standard model application for options valuation of foreign currency options, using as inputs the spot prices, interest rates, and option implied volatilities quoted as of approximately 3:00 P.M. (E.T.) on the last business day of the reporting period. U.S. Treasury bills are valued at the last available bid price received from independent pricing services as of the close of the last business day of the reporting period. 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 the U.S. Treasury bills, non-exchange-traded forward, swap and certain option contracts for which market quotations are not readily available are priced by broker quotes or pricing services that derive fair values for those assets and liabilities from observable inputs (Level 2). As of and for the years ended December 31, 2015 and 2014, the Partnership and the Funds did not hold any derivative instruments that were priced at fair value using unobservable inputs through the application of the General Partner’s assumptions and internal valuation pricing models (Level 3). Transfers between levels are recognized at the end of the reporting period. During the years ended December 31, 2015 and 2014, there were no transfers of assets or liabilities between Level 1 and Level 2. There were no direct investments held by the Partnership as of December 31, 2014. December 31, 2015 Total Level 1 Level 2 Level 3 Assets Futures $ 2,021,386 $ 2,021,386 $ - $ - Forwards 2,696,643 1,375,041 1,321,602 - U.S. Treasury bills 91,990,239 - 91,990,239 - Total assets $ 96,708,268 $ 3,396,427 $ 93,311,841 $ - Liabilities Futures $ 1,883,450 $ 1,883,450 $ - $ - Forwards 2,228,652 765,188 1,463,464 - Total liabilities $ 4,112,102 $ 2,648,638 $ 1,463,464 $ - Net fair value $ 92,596,166 $ 747,789 $ 91,848,377 $ -

Investment in Funds

Investment in Funds	12 Months Ended
	Dec. 31, 2015
Schedule of Investments [Abstract]
Investment in Funds	6. Investment in Funds: On September 1, 2001, the assets allocated to AAA for trading were invested in AAA Master, a limited liability company formed under the New York Limited Liability Company Law. The Partnership purchased 5,173.4381 units of AAA Master with cash equal to $5,173,438. AAA Master permitted accounts managed by AAA using the Energy Program-Futures and Swaps, a proprietary, discretionary trading system, to invest together in one trading vehicle. The Partnership fully redeemed its investment in AAA Master on November 30, 2014 for cash equal to $105,808,956. The General Partner was also the managing member of AAA Master. On November 1, 2004, the assets allocated to Winton for trading were invested in Winton Master, a limited partnership organized under the partnership laws of the State of New York. The Partnership purchased 35,389.8399 units of Winton Master with cash equal to $33,594,083 and a contribution of open commodity futures and forwards contracts with a fair value of $1,795,757. Winton Master permits accounts managed by Winton using the Winton Futures Program (formerly, the Winton Diversified Program as applied without equities), a proprietary, systematic trading system, to invest together in one trading vehicle. The General Partner is also the general partner of Winton Master. Individual and pooled accounts currently managed by Winton, including the Partnership, are permitted to be limited partners of Winton Master. The General Partner and Winton believe that trading through this structure promotes efficiency and economy in the trading process. The General Partner and Winton have agreed that Winton will trade the Partnership’s assets allocated to Winton at a level that is up to 1.5 times the amount of assets allocated. On June 1, 2011, the Partnership allocated a portion of its assets with cash equal to $384,370,435 to Transtrend Master, a limited liability company organized under the limited liability company laws of the State of Delaware. Transtrend Master permits accounts managed by Transtrend using the Diversified Trend Program-Enhanced Risk Profile (US Dollar), a proprietary, systematic trading system, to invest together in one trading vehicle. The General Partner is also the trading manager of Transtrend Master. Individual and pooled accounts managed by Transtrend, including the Partnership, are permitted to be non-managing members of Transtrend Master. The General Partner and Transtrend believe that trading through this structure promotes efficiency and economy in the trading process. On August 1, 2014, the assets allocated to Willowbridge for trading were invested in Willowbridge Master, a limited partnership organized under the partnership laws of the State of New York. The Partnership purchased 9,633.9313 units of Willowbridge Master with cash equal to $21,000,000. Willowbridge Master permits accounts managed by Willowbridge using its wPraxis Futures Trading Approach, a proprietary, discretionary trading system, to invest together using 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 promotes efficiency and economy in the trading process. The General Partner and Willowbridge have agreed that Willowbridge will trade the Partnership’s assets at a level that is up to three times the amount of the assets allocated. The General Partner is not aware of any material changes to any of the trading programs discussed above during the year ended December 31, 2015. The Funds’ and the Partnership’s trading of futures, forward, swap, and option contracts, if applicable, on commodities is done primarily on U.S. commodity exchanges and foreign commodity exchanges. The Funds and the Partnership engage in such trading through commodity brokerage accounts maintained with MS&Co. During certain periods included in this report, the Funds engaged in such trading through commodity brokerage accounts maintained with CGM. Generally, a limited partner 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 at least three days in advance of the Redemption Date. Such withdrawals are classified as a liability when the limited partner elects to redeem and informs the Funds. However, for all Funds other than Winton Master, a limited partner may request a withdrawal as of the end of any day if such request is received by the General Partner at least three days in advance of the proposed withdrawal day. Management fees, ongoing selling agent fees, the General Partner fees and incentive fees are charged at the Partnership level, except for management and incentive fees payable to Transtrend which are charged at the Transtrend Master level. Clearing fees are borne by the Funds and allocated to the Funds’ limited partners/non-managing members, including the Partnership. Clearing fees are also borne by the Partnership directly. All other fees are charged at the Partnership level. At December 31, 2015, the Partnership owned approximately 58.4% of Winton Master, 96.1% of Transtrend Master, and 82.0% of Willowbridge Master. At December 31, 2014, the Partnership owned approximately 67.3% of Winton Master, 96.5% of Transtrend Master and 76.4% of Willowbridge 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 redemption rights are not affected. Summarized information reflecting the total assets, liabilities and partners’ capital/members’ capital of the Funds is shown in the following tables: December 31, 2015 Total Assets Total Liabilities Total Capital Winton Master $ 603,348,671 $ 307,301 $ 603,041,370 Transtrend Master 375,412,557 351,832 375,060,725 Willowbridge Master 366,002,932 17,302,983 348,699,949 December 31, 2014 Total Assets Total Liabilities Total Capital Winton Master $ 703,147,623 $ 5,345,811 $ 697,801,812 Transtrend Master 466,880,771 7,664,876 459,215,895 Willowbridge Master 332,179,217 16,638,854 315,540,363 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 year ended December 31, 2015 Net Investment Total Trading Net Income Income (Loss) Results (Loss) Winton Master $ (760,444) $ 29,837,693 $ 29,077,249 Transtrend Master (13,473,391) 6,076,525 (7,396,866) Willowbridge Master (783,256) 6,652,400 5,869,144 For the year ended December 31, 2014 Net Investment Total Trading Net Income Income (Loss) Results (Loss) AAA Master $ (1,144,734) $ (8,052,899) $ (9,197,633) Winton Master (865,821) 164,934,053 164,068,232 Transtrend Master (20,950,267) 103,483,861 82,533,594 Willowbridge Master (688,357) 46,239,150 45,550,793 Summarized information reflecting the Partnership’s investments in and the Partnership’s pro rata share of the results of operations of the Funds are shown in the following tables: December 31, 2015 For the year ended December 31, 2015 % of Expenses Net Partnership’s Income Clearing Management Incentive Income Investment Redemptions Funds Net Assets Fair Value (Loss) Fees Other Fees Fee (Loss) Objective Permitted Winton Master 32.27 % $ 351,974,066 $ 20,263,106 $ 503,443 $ 66,529 $ - $ - $ 19,693,134 Commodity Portfolio Monthly Transtrend Master 33.04 % 360,373,336 5,414,054 1,699,581 - 4,759,995 6,569,923 (7,615,445 ) Commodity Portfolio Monthly Willowbridge Master 26.22 % 285,955,662 5,424,540 642,393 72,779 - - 4,709,368 Commodity Portfolio Monthly Total $ 998,303,064 $ 31,101,700 $ 2,845,417 $ 139,308 $ 4,759,995 $ 6,569,923 $ 16,787,057 December 31, 2014 For the year ended December 31, 2014 % of Expenses Net Partnership’s Income Clearing Management Incentive Income Investment Redemptions Funds Net Assets Fair Value (Loss) Fees Other Fees Fee (Loss) Objective Permitted AAA Master - % $ - $ (5,922,676) $ 500,740 $ 136,221 $ - $ - $ (6,559,637) Energy Markets Monthly Winton Master 42.23 % 469,326,073 112,351,530 580,880 85,313 - - 111,685,337 Commodity Monthly Transtrend Master 39.88 % 443,311,916 100,012,368 1,971,333 - 5,355,066 12,864,672 79,821,297 Commodity Monthly Willowbridge Master 21.69 % 241,070,897 28,453,758 199,944 23,721 - - 28,230,093 Commodity Monthly Total $ 1,153,708,886 $ 234,894,980 $ 3,252,897 $ 245,255 $ 5,355,066 $ 12,864,672 $ 213,177,090

Subscriptions, Distributions an

Subscriptions, Distributions and Redemptions	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Subscriptions, Distributions and Redemptions	7. Subscriptions, Distributions and Redemptions: Subscriptions are accepted monthly from investors who become limited partners on the first day of the month after their subscription is processed. Distributions of profits, if any, will be made at the sole discretion of the General Partner and at such times as the General Partner may decide. A limited partner may require the Partnership to redeem its Redeemable Units at their net asset value as of the end of each month on three business days’ notice to the General Partner. There is no fee charged to limited partners in connection with redemptions.

Financial Highlights

Financial Highlights	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Financial Highlights	8. Financial Highlights: Financial highlights for the limited partner Classes as a whole for the years ended December 31, 2015, 2014 and 2013 were as follows: 2015 2014 2013 Class A Class Z Class A Class Z Class A Class Z Net realized and unrealized gains (losses) $ 80.55 $ 30.05 $ 629.82 $ 234.07 $ 109.44 $ 40.33 Net investment loss (152.49) (44.80) (205.27) (63.19) (113.67) (26.30) Increase (decrease) for the year (71.94) (14.75) 424.55 170.88 (4.23) 14.03 Net asset value per Redeemable Unit, beginning of year 3,076.78 1,148.23 2,652.23 977.35 2,656.46 963.32 Net asset value per Redeemable Unit, end of year $ 3,004.84 $ 1,133.48 $ 3,076.78 $ 1,148.23 $ 2,652.23 $ 977.35 2015 2014 2013 Class A Class Z Class A Class Z Class A Class Z Ratios to Average Net Assets: Net investment loss (1) (5.0) % (4.1) % (7.4) % (6.7) % (4.4) % (2.7) % Operating expense 3.7 % 2.7 % 3.8 % 2.8 % 4.1 % 2.3 % Incentive fees 1.4 % 1.4 % 3.6 % 3.9 % 0.4 % 0.4 % Total expenses 5.1 % 4.1 % 7.4 % 6.7 % 4.5 % 2.7 % Total return: Total return before incentive fees (0.9) % 0.1 % 19.6 % 21.4 % 0.3 % 1.9 % Incentive fees (1.4) % (1.4) % (3.6) % (3.9) % (0.4) % (0.4) % Total return after incentive fees (2.3) % (1.3) % 16.0 % 17.5 % (0.1) % 1.5 % (1) The above ratios and total return may vary for individual investors based on the timing of capital transactions during the year. Additionally, these ratios are calculated for the limited partner Classes using the limited partners’ share of income, expenses and average net assets of the Partnership and includes the income and expenses allocated from the Funds.

Financial Instrument Risks

Financial Instrument Risks	12 Months Ended
	Dec. 31, 2015
Risks and Uncertainties [Abstract]
Financial Instrument Risks	9. Financial Instrument Risks: In the normal course of business, the Partnership and the Funds are party to financial instruments with off-balance sheet risk, including derivative financial instruments and derivative commodity instruments. These financial instruments may include forwards, futures, options, and swaps, whose values are based upon an underlying asset, index, or reference rate, and generally represent future commitments to exchange currencies or cash balances, or to purchase or sell other financial instruments at specific terms at specified future dates, or, in the case of derivative commodity instruments, to have a reasonable possibility to be settled in cash, through physical delivery or with another financial instrument. These instruments may be traded on an exchange, a swap execution facility or over-the-counter (“OTC”). Exchange-traded instruments include futures and certain standardized forward, option and swap contracts. Certain swap contracts may also be traded on a swap execution facility or OTC. OTC contracts are negotiated between contracting parties and also include certain forward and option contracts. Specific market movements of commodities or futures contracts underlying on option cannot accurately be predicted. The purchaser of an option may lose the entire premium paid for the option. The writer or seller of an option has unlimited risk. Each of these instruments is subject to various risks similar to those relating to the underlying financial instruments, including market and credit risk. In general, the risks associated with OTC contracts are greater than those associated with exchange-traded instruments because of the greater risk of default by the counterparty to an OTC contract. The General Partner estimates that at any given time approximately 13.0% to 44.1% of the Partnership’s/Funds’ contracts are traded OTC. Futures Contracts Forward Foreign Currency Contracts London Metals Exchange Forward Contracts Options 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 due to 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. 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/Funds are exposed to a market risk equal to the value of futures and forward contracts purchased and unlimited liability on such contracts sold short. Credit risk is the possibility that a loss may occur due to the failure of a counterparty to perform according to the terms of a contract. The Partnership’s/Funds’ risk of loss in the event of a counterparty default is typically limited to the amounts recognized in the Partnership’s/Funds’ 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 had credit risk and concentration risk during the reporting period and prior periods included in this report, as MS&Co. and/or CGM or their affiliates were the sole counterparties or brokers with respect to the Partnership’s and the Funds’ assets. Credit risk with respect to exchange-traded instruments is reduced to the extent that, through MS&Co. or CGM, the Partnership’s/Funds’ counterparty is an exchange or clearing organization. The Partnership/Funds continue to be subject to such risks with respect to MS&Co. 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. The General Partner monitors and attempts to control the Partnership’s/Funds’ risk exposure on a daily basis through financial, credit and risk management monitoring systems, and accordingly, believes that it has effective procedures for evaluating and limiting the credit and market risks to which the Partnership/Funds may be subject. These monitoring systems generally allow the General Partner to statistically analyze actual trading results with risk-adjusted performance indicators and correlation statistics. In addition, online monitoring systems provide account analysis of futures, exchange-cleared swaps, forward and option contracts by sector, margin requirements, gain and loss transactions and collateral positions. The majority of these financial instruments mature within one year of the inception date. However, due to the nature of the 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.

Basis of Presentation and Sum17

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Use of Estimates	a. Use of Estimates.
Statement of Cash Flows	b. Statement of Cash Flows
Partnership's Investments in the Funds	c. Partnership’s Investments in the Funds.
Partnership's/Funds' Derivative Investments	Partnership’s/Funds’ Derivative Investments
Partnership's Cash	Partnership’s Cash.
Income Taxes	d. Income Taxes
Investment Company Status	e. Investment Company Status. “Financial Services—Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements”
Net Income (Loss) Per Redeemable Unit	f. Net Income (Loss) Per Redeemable Unit
Fair Value of Financial Instruments	g. Fair Value of Financial Instruments. Financial Instruments
Recent Accounting Pronouncement	h. Recent Accounting Pronouncements Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) In January 2016, the FASB issued ASU 2016-01, “ Recognition and Measurement of Financial Assets and Financial Liabilities
Reclassification	i. Reclassification.
Subsequent Events	j. Subsequent Events.

Trading Activities (Tables)

Trading Activities (Tables)	12 Months Ended
	Dec. 31, 2015
Brokers and Dealers [Abstract]
Summary of Gross and Net Amounts Recognized Relating to Assets and Liabilities of Partnership's Derivatives	The following table summarizes the gross and net amounts recognized relating to assets and liabilities of the Partnership’s derivatives and their offsetting subject to master netting or similar arrangements as of December 31, 2015. There were no direct investments as of December 31, 2014. Gross Amounts Amounts Gross Amounts Not Offset in the Offset in the Presented in the Statements of Financial Condition Gross Statements of Statements of Cash Collateral Amounts Financial Financial Financial Received/ December 31, 2015 Recognized Condition Condition Instruments Pledged* Net Amount Assets Futures $ 2,021,386 $ (1,883,450) $ 137,936 $ - $ - $ 137,936 Forwards 2,696,643 (2,228,652) 467,991 - - 467,991 Total assets $ 4,718,029 $ (4,112,102) $ 605,927 $ - $ - $ 605,927 Liabilities Futures $ (1,883,450) $ 1,883,450 $ - $ - $ - $ - Forwards (2,228,652) 2,228,652 - - - - Total liabilities $ (4,112,102) $ 4,112,102 $ - $ - $ - $ - Net fair value $ 605,927 * * In the event of default by the Partnership, MS&Co., the Partnership’s commodity futures broker and the sole counterparty to the Partnership’s off-exchange-traded contracts, as applicable, has the right to offset the Partnership’s obligation with the Partnership’s cash and/or U.S. Treasury bills held by MS&Co., thereby minimizing MS&Co.’s risk of loss. There is no collateral posted by MS&Co. and as such, in the event of default by MS&Co., the Partnership is exposed to the amount shown in the Statements of Financial Condition. In the case of exchange-traded contracts, the Partnership’s exposure to counterparty risk may be reduced since the exchange’s clearinghouse interposes its credit between buyer and seller and the clearinghouse’s guarantee fund may be available in the event of a default.
Gross Fair Values of Derivative Instruments of Futures and Forward Contracts Traded	The following table indicates the gross fair values of derivative instruments of futures and forward contracts held directly by the Partnership as separate assets and liabilities as of December 31, 2015. There were no direct investments as of December 31, 2014. December 31, 2015 Assets Futures Contracts Energy $ 1,053,095 Grains 462,600 Indices 82,629 Interest Rates U.S. 316,861 Interest Rates Non-U.S. 55,080 Metals 49,160 Softs 1,961 Total unrealized appreciation on open futures contracts 2,021,386 Liabilities Futures Contracts Energy (435,737) Grains (26,226) Indices (401,508) Interest Rates U.S. (419,676) Interest Rates Non-U.S. (170,723) Livestock (196,058) Metals (205,458) Softs (28,064) Total unrealized depreciation on open futures contracts (1,883,450) Net unrealized appreciation on open futures contracts $ 137,936 * Assets Forward Contracts Currencies $ 1,321,602 Metals 1,375,041 Total unrealized appreciation on open forward contracts 2,696,643 Liabilities Forward Contracts Currencies (1,463,464) Metals (765,188) Total unrealized depreciation on open forward contracts (2,228,652) Net unrealized appreciation on open forward contracts $ 467,991 ** * This amount is included in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is included in “Net unrealized appreciation 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 year ended December 31, 2015. During the years ended December 31, 2014 and 2013, no derivative instruments were traded directly by the Partnership. Sector 2015 Currencies $ 251,287 Energy 5,220,997 Grains 566,024 Indices (2,766,619) Interest Rates U.S. (1,850,339) Interest Rates Non-U.S. (2,871,784) Livestock 154,067 Metals 557,248 Softs (165,472) Total $ (904,591) *** *** This amount is included in “Total trading results” in the Partnership’s Statements of Income and Expenses.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Derivative Instruments Priced at Fair Value Using Unobservable Inputs	During the years ended December 31, 2015 and 2014, there were no transfers of assets or liabilities between Level 1 and Level 2. There were no direct investments held by the Partnership as of December 31, 2014. December 31, 2015 Total Level 1 Level 2 Level 3 Assets Futures $ 2,021,386 $ 2,021,386 $ - $ - Forwards 2,696,643 1,375,041 1,321,602 - U.S. Treasury bills 91,990,239 - 91,990,239 - Total assets $ 96,708,268 $ 3,396,427 $ 93,311,841 $ - Liabilities Futures $ 1,883,450 $ 1,883,450 $ - $ - Forwards 2,228,652 765,188 1,463,464 - Total liabilities $ 4,112,102 $ 2,648,638 $ 1,463,464 $ - Net fair value $ 92,596,166 $ 747,789 $ 91,848,377 $ -

Investment in Funds (Tables)

Investment in Funds (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Investments [Abstract]
Assets, Liabilities and Partners' Capital/Members' Capital of Funds	Summarized information reflecting the total assets, liabilities and partners’ capital/members’ capital of the Funds is shown in the following tables: December 31, 2015 Total Assets Total Liabilities Total Capital Winton Master $ 603,348,671 $ 307,301 $ 603,041,370 Transtrend Master 375,412,557 351,832 375,060,725 Willowbridge Master 366,002,932 17,302,983 348,699,949 December 31, 2014 Total Assets Total Liabilities Total Capital Winton Master $ 703,147,623 $ 5,345,811 $ 697,801,812 Transtrend Master 466,880,771 7,664,876 459,215,895 Willowbridge Master 332,179,217 16,638,854 315,540,363
Net Investment Income (Loss), Trading Results and Net Income (Loss) for Funds	Summarized information reflecting the net investment income (loss), total trading results and net income (loss) of the Funds is shown in the following tables: For the year ended December 31, 2015 Net Investment Total Trading Net Income Income (Loss) Results (Loss) Winton Master $ (760,444) $ 29,837,693 $ 29,077,249 Transtrend Master (13,473,391) 6,076,525 (7,396,866) Willowbridge Master (783,256) 6,652,400 5,869,144 For the year ended December 31, 2014 Net Investment Total Trading Net Income Income (Loss) Results (Loss) AAA Master $ (1,144,734) $ (8,052,899) $ (9,197,633) Winton Master (865,821) 164,934,053 164,068,232 Transtrend Master (20,950,267) 103,483,861 82,533,594 Willowbridge Master (688,357) 46,239,150 45,550,793
Partnership's Investments in, and Partners' Pro Rata Share of Results of Operations of, the Funds	Summarized information reflecting the Partnership’s investments in and the Partnership’s pro rata share of the results of operations of the Funds are shown in the following tables: December 31, 2015 For the year ended December 31, 2015 % of Expenses Net Partnership’s Income Clearing Management Incentive Income Investment Redemptions Funds Net Assets Fair Value (Loss) Fees Other Fees Fee (Loss) Objective Permitted Winton Master 32.27 % $ 351,974,066 $ 20,263,106 $ 503,443 $ 66,529 $ - $ - $ 19,693,134 Commodity Portfolio Monthly Transtrend Master 33.04 % 360,373,336 5,414,054 1,699,581 - 4,759,995 6,569,923 (7,615,445 ) Commodity Portfolio Monthly Willowbridge Master 26.22 % 285,955,662 5,424,540 642,393 72,779 - - 4,709,368 Commodity Portfolio Monthly Total $ 998,303,064 $ 31,101,700 $ 2,845,417 $ 139,308 $ 4,759,995 $ 6,569,923 $ 16,787,057 December 31, 2014 For the year ended December 31, 2014 % of Expenses Net Partnership’s Income Clearing Management Incentive Income Investment Redemptions Funds Net Assets Fair Value (Loss) Fees Other Fees Fee (Loss) Objective Permitted AAA Master - % $ - $ (5,922,676) $ 500,740 $ 136,221 $ - $ - $ (6,559,637) Energy Markets Monthly Winton Master 42.23 % 469,326,073 112,351,530 580,880 85,313 - - 111,685,337 Commodity Monthly Transtrend Master 39.88 % 443,311,916 100,012,368 1,971,333 - 5,355,066 12,864,672 79,821,297 Commodity Monthly Willowbridge Master 21.69 % 241,070,897 28,453,758 199,944 23,721 - - 28,230,093 Commodity Monthly Total $ 1,153,708,886 $ 234,894,980 $ 3,252,897 $ 245,255 $ 5,355,066 $ 12,864,672 $ 213,177,090

Financial Highlights (Tables)

Financial Highlights (Tables)	12 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Schedule of Changes in Net Asset Value	Financial highlights for the limited partner Classes as a whole for the years ended December 31, 2015, 2014 and 2013 were as follows: 2015 2014 2013 Class A Class Z Class A Class Z Class A Class Z Net realized and unrealized gains (losses) $ 80.55 $ 30.05 $ 629.82 $ 234.07 $ 109.44 $ 40.33 Net investment loss (152.49) (44.80) (205.27) (63.19) (113.67) (26.30) Increase (decrease) for the year (71.94) (14.75) 424.55 170.88 (4.23) 14.03 Net asset value per Redeemable Unit, beginning of year 3,076.78 1,148.23 2,652.23 977.35 2,656.46 963.32 Net asset value per Redeemable Unit, end of year $ 3,004.84 $ 1,133.48 $ 3,076.78 $ 1,148.23 $ 2,652.23 $ 977.35
Ratios to Average Net Assets	2015 2014 2013 Class A Class Z Class A Class Z Class A Class Z Ratios to Average Net Assets: Net investment loss (1) (5.0) % (4.1) % (7.4) % (6.7) % (4.4) % (2.7) % Operating expense 3.7 % 2.7 % 3.8 % 2.8 % 4.1 % 2.3 % Incentive fees 1.4 % 1.4 % 3.6 % 3.9 % 0.4 % 0.4 % Total expenses 5.1 % 4.1 % 7.4 % 6.7 % 4.5 % 2.7 % Total return: Total return before incentive fees (0.9) % 0.1 % 19.6 % 21.4 % 0.3 % 1.9 % Incentive fees (1.4) % (1.4) % (3.6) % (3.9) % (0.4) % (0.4) % Total return after incentive fees (2.3) % (1.3) % 16.0 % 17.5 % (0.1) % 1.5 % (1)

Partnership Organization - Addi

Partnership Organization - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)$ / sharesshares
Partnership Organization And Basis Of Presentation [Line Items]
Maximum number of Redeemable Units sold by the Partnership | shares	0
Receivable from General Partner	$ 14,069,403
Net asset value per Redeemable Unit decreases | $ / shares	$ 400
Decline in aggregate net assets Partnership	$ 1,000,000
Liquidation date	Dec. 31, 2019
Limited Partners [Member]
Partnership Organization And Basis Of Presentation [Line Items]
Allocation from the General Partner	$ 12,227,974
Maximum [Member]
Partnership Organization And Basis Of Presentation [Line Items]
Percentage of partnership assets allocated	10.00%

Basis of Presentation and Sum23

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Cash denominated in foreign currencies	$ (3,091,422)	$ 0
Cash denominated in foreign currencies, proceeds	$ 3,105,350
Income tax examination, description	No income tax returns are currently under examination. The 2012 through 2015 tax years remain subject to examination by U.S. federal and most state tax authorities.

Agreements - Additional Informa

Agreements - Additional Information (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2015	Nov. 01, 2015	Oct. 01, 2014	Sep. 30, 2014	Mar. 01, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2015	Oct. 31, 2015
MS & Co [Member]
Agreements [Line Items]
Percentage of average daily equity maintained in cash						100.00%			100.00%
MS & Co [Member] | Morgan Stanley Smith Barney TT II, LLC [Member]
Agreements [Line Items]
Percentage of average daily equity maintained in cash						100.00%			100.00%
U.S. Treasury bill discount rate	0.15%	0.15%				0.15%			0.15%
Customer Supply Agreement [Member]
Agreements [Line Items]
Percentage of Partnership interest									100.00%
U.S. Treasury bills maturing period									30 days
Management Agreements [Member]
Agreements [Line Items]
Incentive fees percentage									20.00%
Management Agreements [Member] | Transtrend BV [Member]
Agreements [Line Items]
Percentage of management fees paid to Advisors			1.00%							1.25%
Incentive fees percentage	20.00%	20.00%
Management Agreements [Member] | Transtrend BV [Member] | Morgan Stanley Smith Barney TT II, LLC [Member]
Agreements [Line Items]
Management fees description									Transtrend Master pays Transtrend a monthly management fee of 1.0% per year on the aggregate net assets of Transtrend Master as of the first day of each month. For the period October 1, 2014 to October 31, 2015, Transtrend Master paid Transtrend a monthly management fee of 1.25% per year on the aggregate net assets of Transtrend Master as of the first day of each month. For the period from January 1, 2014 to September 30, 2014, Transtrend Master paid Transtrend a monthly management fee of either 1.25% per year or 1.5% per year depending on the aggregate net assets of Transtrend Master as of the first day of each month. Prior to January 1, 2014, Transtrend Master paid Transtrend a monthly management fee of either 1.75% per year or 2% per year depending on the aggregate net assets of Transtrend Master as of the first day of each month.
Management Agreements [Member] | AAA Capital Management Advisors, Ltd. [Member]
Agreements [Line Items]
Percentage of management fees paid to Advisors									1.50%
Management Agreements [Member] | Winton Capital Management Limited [Member]
Agreements [Line Items]
Percentage of management fees paid to Advisors									1.50%
Management Agreements [Member] | Willowbridge Associates Inc [Member]
Agreements [Line Items]
Percentage of management fees paid to Advisors									1.50%
Management Agreements [Member] | Systematica Investments Limited [Member]
Agreements [Line Items]
Percentage of management fees paid to Advisors									1.00%
Management Agreements [Member] | Minimum [Member] | Transtrend BV [Member]
Agreements [Line Items]
Percentage of management fees paid to Advisors							1.75%	1.25%
Management Agreements [Member] | Maximum [Member] | Transtrend BV [Member]
Agreements [Line Items]
Percentage of management fees paid to Advisors							2.00%	1.50%
Class A Redeemable Units [Member] | MS & Co [Member]
Agreements [Line Items]
Brokerage commission payable per round-turn									$ 18
Brokerage commission payable per half turn									9
Class A Redeemable Units [Member] | Morgan Stanley Wealth Management [Member]
Agreements [Line Items]
Brokerage commission payable per round-turn				$ 15	$ 18
Brokerage commission payable per half turn					9
Class A Redeemable Units [Member] | Customer Supply Agreement [Member]
Agreements [Line Items]
Brokerage commission payable per round-turn									18
Brokerage commission payable per half turn									9
Class Z Redeemable Units [Member] | MS & Co [Member]
Agreements [Line Items]
Brokerage commission payable per round-turn									3
Brokerage commission payable per half turn									1.50
Class Z Redeemable Units [Member] | Morgan Stanley Wealth Management [Member]
Agreements [Line Items]
Brokerage commission payable per round-turn					3
Brokerage commission payable per half turn				$ 7.50	$ 1.50
Class Z Redeemable Units [Member] | Customer Supply Agreement [Member]
Agreements [Line Items]
Brokerage commission payable per round-turn									3
Brokerage commission payable per half turn									$ 1.50
Limited Partnership [Member]
Agreements [Line Items]
Management fee paid by partnership					0.50%				0.75%
Management fees description									The Partnership pays the General Partner a monthly fee (formerly, the administrative fee) equal to 1/12 of 0.75% (0.75% per year) of month-end net assets. Prior to October 1, 2014, the Partnership paid the General Partner a monthly fee equal to 1/24 of 1% (0.5% per year) of month-end net assets.

Trading Activities - Additional

Trading Activities - Additional Information (Detail)	3 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)Contracts	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Trading Activity, Gains and Losses, Net [Line Items]
Net fair value	$ 605,927	$ 605,927	$ 0
Total Trading Results		30,010,980	234,777,294	$ 47,905,662
Derivative [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total Trading Results		$ (904,591)	$ 0	$ 0
Foreign Exchange Forward [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Average notional value of derivative	$ 411,858,850
Futures Contracts [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Average number of derivative contracts held | Contracts	6,475
Options purchased [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Average number of derivative contracts traded | Contracts	554

Trading Activities - Summary of

Trading Activities - Summary of Gross and Net Amounts Recognized Relating to Assets and Liabilities of Partnership's Derivatives (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Derivative [Line Items]
Gross Amounts Recognized, Assets	$ 4,718,029
Gross Amounts Offset in the Statements of Financial Condition, Assets	(4,112,102)
Amounts Presented in the Statements of Financial Condition, Assets	605,927
Financial Instruments, Assets	0
Cash Collateral Received/Pledged, Assets	0
Net Amount, Assets	605,927
Gross Amounts Recognized, Liabilities	(4,112,102)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities	4,112,102
Amounts Presented in the Statements of Financial Condition, Liabilities	0
Financial Instruments, Liabilities	0
Cash Collateral Received/Pledged, Liabilities	0
Net Amount, Liabilities	0
Net fair value	605,927	$ 0
Futures Contracts [Member]
Derivative [Line Items]
Gross Amounts Recognized, Assets	2,021,386
Gross Amounts Offset in the Statements of Financial Condition, Assets	(1,883,450)
Amounts Presented in the Statements of Financial Condition, Assets	137,936
Financial Instruments, Assets	0
Cash Collateral Received/Pledged, Assets	0
Net Amount, Assets	137,936
Gross Amounts Recognized, Liabilities	(1,883,450)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities	1,883,450
Amounts Presented in the Statements of Financial Condition, Liabilities	0
Financial Instruments, Liabilities	0
Cash Collateral Received/Pledged, Liabilities	0
Net Amount, Liabilities	0
Forward Contracts [Member]
Derivative [Line Items]
Gross Amounts Recognized, Assets	2,696,643
Gross Amounts Offset in the Statements of Financial Condition, Assets	(2,228,652)
Amounts Presented in the Statements of Financial Condition, Assets	467,991
Financial Instruments, Assets	0
Cash Collateral Received/Pledged, Assets	0
Net Amount, Assets	467,991
Gross Amounts Recognized, Liabilities	(2,228,652)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities	2,228,652
Amounts Presented in the Statements of Financial Condition, Liabilities	0
Financial Instruments, Liabilities	0
Cash Collateral Received/Pledged, Liabilities	0
Net Amount, Liabilities	$ 0

Trading Activities - Gross Fair

Trading Activities - Gross Fair Values of Derivative Instruments of Futures and Forward Contracts Traded (Detail)	Dec. 31, 2015USD ($)
Futures Contracts [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total unrealized appreciation on open contracts	$ 2,021,386
Total unrealized depreciation on open contracts	(1,883,450)
Net unrealized appreciation (depreciation) on open contracts	137,936
Futures Contracts [Member] | Energy [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total unrealized appreciation on open contracts	1,053,095
Total unrealized depreciation on open contracts	(435,737)
Futures Contracts [Member] | Grains [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total unrealized appreciation on open contracts	462,600
Total unrealized depreciation on open contracts	(26,226)
Futures Contracts [Member] | Indices [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total unrealized appreciation on open contracts	82,629
Total unrealized depreciation on open contracts	(401,508)
Futures Contracts [Member] | Interest Rates U.S. [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total unrealized appreciation on open contracts	316,861
Total unrealized depreciation on open contracts	(419,676)
Futures Contracts [Member] | Interest Rates Non-U.S. [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total unrealized appreciation on open contracts	55,080
Total unrealized depreciation on open contracts	(170,723)
Futures Contracts [Member] | Metals [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total unrealized appreciation on open contracts	49,160
Total unrealized depreciation on open contracts	(205,458)
Futures Contracts [Member] | Softs [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total unrealized appreciation on open contracts	1,961
Total unrealized depreciation on open contracts	(28,064)
Futures Contracts [Member] | Livestock [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total unrealized depreciation on open contracts	(196,058)
Forward Contracts [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total unrealized appreciation on open contracts	467,991
Total unrealized depreciation on open contracts	(2,228,652)
Net unrealized appreciation (depreciation) on open contracts	467,991
Forward Contracts [Member] | Metals [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total unrealized appreciation on open contracts	1,375,041
Total unrealized depreciation on open contracts	(765,188)
Forward Contracts [Member] | Currencies [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total unrealized appreciation on open contracts	1,321,602
Total unrealized depreciation on open contracts	$ (1,463,464)

Trading Activities - Trading Ga

Trading Activities - Trading Gains and Losses by Market Sector on Derivative Instruments Traded (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Trading Activity, Gains and Losses, Net [Line Items]
Total Trading Results	$ 30,010,980	$ 234,777,294	$ 47,905,662
Derivative [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total Trading Results	(904,591)	$ 0	$ 0
Derivative [Member] | Currencies [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total Trading Results	251,287
Derivative [Member] | Energy [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total Trading Results	5,220,997
Derivative [Member] | Grains [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total Trading Results	566,024
Derivative [Member] | Indices [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total Trading Results	(2,766,619)
Derivative [Member] | Interest Rates U.S. [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total Trading Results	(1,850,339)
Derivative [Member] | Interest Rates Non-U.S. [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total Trading Results	(2,871,784)
Derivative [Member] | Livestock [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total Trading Results	154,067
Derivative [Member] | Metals [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total Trading Results	557,248
Derivative [Member] | Softs [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Total Trading Results	$ (165,472)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Investment in Funds	$ 0	$ 0
Transfers of assets between Level 1 and Level 2	0	0
Transfers of liabilities between Level 1 and Level 2	$ 0	$ 0

Fair Value Measurements - Deriv

Fair Value Measurements - Derivative Instruments Priced at Fair Value Using Unobservable Inputs (Detail)	Dec. 31, 2015USD ($)
Assets
Total assets	$ 96,708,268
Liabilities
Total liabilities	4,112,102
Net fair value	92,596,166
Forward Contracts [Member]
Assets
Total assets	2,696,643
Liabilities
Total liabilities	2,228,652
Futures Contracts [Member]
Assets
Total assets	2,021,386
Liabilities
Total liabilities	1,883,450
US Treasury Bills [Member]
Assets
Total assets	91,990,239
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member]
Assets
Total assets	3,396,427
Liabilities
Total liabilities	2,648,638
Net fair value	747,789
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member] | Forward Contracts [Member]
Assets
Total assets	1,375,041
Liabilities
Total liabilities	765,188
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member] | Futures Contracts [Member]
Assets
Total assets	2,021,386
Liabilities
Total liabilities	1,883,450
Significant Other Observable Inputs (Level 2) [Member]
Assets
Total assets	93,311,841
Liabilities
Total liabilities	1,463,464
Net fair value	91,848,377
Significant Other Observable Inputs (Level 2) [Member] | Forward Contracts [Member]
Assets
Total assets	1,321,602
Liabilities
Total liabilities	1,463,464
Significant Other Observable Inputs (Level 2) [Member] | US Treasury Bills [Member]
Assets
Total assets	$ 91,990,239

Investment in Funds - Additiona

Investment in Funds - Additional Information (Detail) - USD ($)	Nov. 30, 2014	Aug. 01, 2014	Nov. 01, 2004	Sep. 01, 2001	Dec. 31, 2015	Dec. 31, 2014	Jun. 01, 2011
Willowbridge Associates Inc [Member]
Investment [Line Items]
Maximum amount of partnership assets allocated to trading advisor					3 times
AAA Master [Member]
Investment [Line Items]
Number of units purchased by partnership				5,173.4381
Cash paid for units purchased by partnership				$ 5,173,438
Cash redemption on investment	$ 105,808,956
CMF Winton Master L.P. [Member]
Investment [Line Items]
Cash paid for units purchased by partnership			$ 33,594,083
Number of units purchased by partnership			35,389.8399
Investment in Funds, at fair value			$ 1,795,757
Percentage owned by partnership					58.40%	67.30%
CMF Winton Master L.P. [Member] | Maximum [Member]
Investment [Line Items]
Maximum amount of partnership assets allocated to trading advisor					1.5 times
Morgan Stanley Smith Barney TT II, LLC [Member]
Investment [Line Items]
Allocation of portion of assets by partnership							$ 384,370,435
Percentage owned by partnership					96.10%	96.50%
CMF Willowbridge Master Fund L.P.[Member]
Investment [Line Items]
Number of units purchased by partnership		9,633.9313
Cash paid for units purchased by partnership		$ 21,000,000
Percentage owned by partnership					82.00%	76.40%

Investment in Funds - Assets, L

Investment in Funds - Assets, Liabilities and Partners' Capital/Members' Capital of Funds (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
CMF Winton Master L.P. [Member]
Investment Holdings [Line Items]
Total Assets	$ 603,348,671	$ 703,147,623
Total Liabilities	307,301	5,345,811
Total Capital	603,041,370	697,801,812
Morgan Stanley Smith Barney TT II, LLC [Member]
Investment Holdings [Line Items]
Total Assets	375,412,557	466,880,771
Total Liabilities	351,832	7,664,876
Total Capital	375,060,725	459,215,895
CMF Willowbridge Master Fund L.P.[Member]
Investment Holdings [Line Items]
Total Assets	366,002,932	332,179,217
Total Liabilities	17,302,983	16,638,854
Total Capital	$ 348,699,949	$ 315,540,363

Investment in Funds - Net Inves

Investment in Funds - Net Investment Income (Loss), Trading Results and Net Income (Loss) for Funds (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investment [Line Items]
Total Trading Results	$ 30,010,980	$ 234,777,294	$ 47,905,662
Net income (loss)	(25,955,315)	157,183,884	$ (7,707,252)
CMF Winton Master L.P. [Member]
Investment [Line Items]
Net Investment Income (Loss)	(760,444)	(865,821)
Total Trading Results	29,837,693	164,934,053
Net income (loss)	29,077,249	164,068,232
Morgan Stanley Smith Barney TT II, LLC [Member]
Investment [Line Items]
Net Investment Income (Loss)	(13,473,391)	(20,950,267)
Total Trading Results	6,076,525	103,483,861
Net income (loss)	(7,396,866)	82,533,594
CMF Willowbridge Master Fund L.P.[Member]
Investment [Line Items]
Net Investment Income (Loss)	(783,256)	(688,357)
Total Trading Results	6,652,400	46,239,150
Net income (loss)	$ 5,869,144	45,550,793
AAA Master [Member]
Investment [Line Items]
Net Investment Income (Loss)		(1,144,734)
Total Trading Results		(8,052,899)
Net income (loss)		$ (9,197,633)

Investment in Funds - Partnersh

Investment in Funds - Partnership's Investments in, and Partners' Pro Rata Share of Results of Operations of, the Funds (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investment Holdings [Line Items]
% of Partnership's Net Assets		100.04%
Fair Value	[1]	$ 998,303,064	$ 1,153,708,886
Income (Loss)		30,010,980	234,777,294	$ 47,905,662
Expenses, Clearing Fees		84,444
Management fees		10,966,339	9,633,788	12,113,269
Incentive Fee		8,799,365	25,270,784	5,166,773
Net income (loss)		(25,955,315)	157,183,884	$ (7,707,252)
Investment in Funds [Member]
Investment Holdings [Line Items]
Fair Value		998,303,064	1,153,708,886
Income (Loss)		31,101,700	234,894,980
Expenses, Clearing Fees		2,845,417	3,252,897
Expenses, Other		139,308	245,255
Management fees		4,759,995	5,355,066
Incentive Fee		6,569,923	12,864,672
Net income (loss)		$ 16,787,057	$ 213,177,090
Investment in Funds [Member] | Commodity Portfolio [Member] | CMF Winton Master L.P. [Member]
Investment Holdings [Line Items]
% of Partnership's Net Assets		32.27%	42.23%
Fair Value		$ 351,974,066	$ 469,326,073
Income (Loss)		20,263,106	112,351,530
Expenses, Clearing Fees		503,443	580,880
Expenses, Other		66,529	85,313
Net income (loss)		$ 19,693,134	$ 111,685,337
Investment Objective		Commodity Portfolio	Commodity Portfolio
Redemptions Permitted		Monthly	Monthly
Investment in Funds [Member] | Commodity Portfolio [Member] | Morgan Stanley Smith Barney TT II, LLC [Member]
Investment Holdings [Line Items]
% of Partnership's Net Assets		33.04%	39.88%
Fair Value		$ 360,373,336	$ 443,311,916
Income (Loss)		5,414,054	100,012,368
Expenses, Clearing Fees		1,699,581	1,971,333
Management fees		4,759,995	5,355,066
Incentive Fee		6,569,923	12,864,672
Net income (loss)		$ (7,615,445)	$ 79,821,297
Investment Objective		Commodity Portfolio	Commodity Portfolio
Redemptions Permitted		Monthly	Monthly
Investment in Funds [Member] | Commodity Portfolio [Member] | CMF Willowbridge Master Fund L.P.[Member]
Investment Holdings [Line Items]
% of Partnership's Net Assets		26.22%	21.69%
Fair Value		$ 285,955,662	$ 241,070,897
Income (Loss)		5,424,540	28,453,758
Expenses, Clearing Fees		642,393	199,944
Expenses, Other		72,779	23,721
Net income (loss)		$ 4,709,368	$ 28,230,093
Investment Objective		Commodity Portfolio	Commodity Portfolio
Redemptions Permitted		Monthly	Monthly
Investment in Funds [Member] | Commodity Portfolio [Member] | AAA Master [Member]
Investment Holdings [Line Items]
Income (Loss)			$ (5,922,676)
Expenses, Clearing Fees			500,740
Expenses, Other			136,221
Net income (loss)			$ (6,559,637)
Investment Objective			Energy Markets
Redemptions Permitted			Monthly
[1]	Defined in Note 1.

Subscriptions, Distributions 35

Subscriptions, Distributions and Redemptions - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)
Statement of Partners' Capital [Abstract]
Fees charged to Limited Partners	$ 0

Financial Highlights - Schedule

Financial Highlights - Schedule of Changes in Net Asset Value (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Class A Redeemable Units [Member]
Financial Highlights [Line Items]
Net realized and unrealized gains (losses)	$ 80.55	$ 629.82	$ 109.44
Net investment loss	(152.49)	(205.27)	(113.67)
Increase (decrease) for the year	(71.94)	424.55	(4.23)
Net asset value per Redeemable Unit, beginning of year	3,076.78	2,652.23	2,656.46
Net asset value per Redeemable Unit, end of year	3,004.84	3,076.78	2,652.23
Class Z Redeemable Units [Member]
Financial Highlights [Line Items]
Net realized and unrealized gains (losses)	30.05	234.07	40.33
Net investment loss	(44.80)	(63.19)	(26.30)
Increase (decrease) for the year	(14.75)	170.88	14.03
Net asset value per Redeemable Unit, beginning of year	1,148.23	977.35	963.32
Net asset value per Redeemable Unit, end of year	$ 1,133.48	$ 1,148.23	$ 977.35

Financial Highlights - Ratios t

Financial Highlights - Ratios to Average Net Assets (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Class A Redeemable Units [Member]
Ratios to Average Net Assets:
Net investment loss	(5.00%)	(7.40%)	(4.40%)
Operating expense	3.70%	3.80%	4.10%
Incentive fees	1.40%	3.60%	0.40%
Total expenses	5.10%	7.40%	4.50%
Total return before incentive fees	(0.90%)	19.60%	0.30%
Incentive fees	(1.40%)	(3.60%)	(0.40%)
Total return after incentive fees	(2.30%)	16.00%	(0.10%)
Class Z Redeemable Units [Member]
Ratios to Average Net Assets:
Net investment loss	(4.10%)	(6.70%)	(2.70%)
Operating expense	2.70%	2.80%	2.30%
Incentive fees	1.40%	3.90%	0.40%
Total expenses	4.10%	6.70%	2.70%
Total return before incentive fees	0.10%	21.40%	1.90%
Incentive fees	(1.40%)	(3.90%)	(0.40%)
Total return after incentive fees	(1.30%)	17.50%	1.50%

Financial Instrument Risks - Ad

Financial Instrument Risks - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
General Partner OTC minimum	13.00%
General Partner OTC maximum	44.10%
Maturity on financial instruments	1 year