Bridgeton Tactical Advisors Fund 10-K 31 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Jan. 31, 2014	Nov. 01, 2013
Document And Entity Information	'	'	'
Entity Registrant Name	'BRIDGETON TACTICAL ADVISORS FUND, LP	'	'
Entity Central Index Key	'0000794775	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Is Entity a Well-known Seasoned Issuer?	'No	'	'
Is Entity a Voluntary Filer?	'No	'	'
Is Entity's Reporting Status Current?	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	$10,209,000	'
Entity Common Stock, Shares Outstanding	'	'	0
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2013	'	'

STATEMENTS_OF_FINANCIAL_CONDIT

STATEMENTS OF FINANCIAL CONDITION (USD $)	Dec. 31, 2013	Dec. 31, 2012
Equity in futures trading accounts:	'	'
Due from brokers (including margin deposits of $708,949 for 2013 and $1,405,704 for 2012)	$1,845,048	$2,807,458
Net unrealized gains on open contracts	210,098	264,347
Net unrealized (losses) on open contracts	0	-42,250
Total	2,055,146	3,029,555
Cash and cash equivalents	9,905,623	12,357,488
Due from general partner	17,557	0
TOTAL ASSETS	11,978,326	15,387,043
LIABILITIES	'	'
Prepaid subscriptions	1,409,247	9,795
Redemptions payable	0	59,260
Due to General Partner	0	19,980
Other accrued expenses	51,370	68,677
Accrued incentive fees	32,329	0
Accrued management fees	22,741	23,546
TOTAL LIABILITIES	1,515,687	181,258
PARTNERS' CAPITAL (NET ASSET VALUE)	'	'
Limited partners - Class A (1,420.5030 and 1,886.9744 fully redeemable units at December 31, 2013 and December 31, 2012, respectively)	9,546,996	13,517,686
Limited partners - Class B (1,040.6402 and 1,808.0053 fully redeemable units at December 31, 2013 and December 31, 2012, respectively)	913,883	1,686,224
General partner - Class A (0.2618 fully redeemable units at December 31, 2013 and December 31, 2012)	1,760	1,875
TOTAL PARTNERS' CAPITAL (NET ASSET VALUE)	10,462,639	15,205,785
TOTAL LIABILITIES AND PARTNERS' CAPITAL (NET ASSET VALUE)	$11,978,326	$15,387,043

STATEMENTS_OF_FINANCIAL_CONDIT1

STATEMENTS OF FINANCIAL CONDITION (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Assets	'	'
Margin Deposits	$708,949	$1,405,704
Partners Capital	'	'
Limited Partners Class A, redeemable units	1,420.50	1,886.97
Limited Partners Class B, redeemable units	1,040.64	1,808.01
General Partners Class A, redeemable units	0.2618	0.2618

CONDENSED_SCHEDULES_OF_INVESTM

CONDENSED SCHEDULES OF INVESTMENTS (Futures contracts, USD $)	Dec. 31, 2013	Dec. 31, 2012
Unrealized Gain (Loss), Net	$210,098	$222,097
% of Partners' Capital	2.01%	1.46%
LONG	'	'
Unrealized Gain (Loss), Net	124,237	122,607
% of Partners' Capital	1.19%	0.81%
LONG | Commodities	'	'
Unrealized Gain (Loss), Net	-505	-3,627
% of Partners' Capital	-0.01%	-0.02%
LONG | Currencies	'	'
Unrealized Gain (Loss), Net	48,558	107,120
% of Partners' Capital	0.46%	0.71%
LONG | Energy [Member]	'	'
Unrealized Gain (Loss), Net	19,447	14,886
% of Partners' Capital	0.19%	0.10%
LONG | Metals [Member]	'	'
Unrealized Gain (Loss), Net	13,862	-57,914
% of Partners' Capital	0.13%	-0.38%
LONG | Stock Indices [Member]	'	'
Unrealized Gain (Loss), Net	42,875	-315
% of Partners' Capital	0.41%	0.00%
LONG | Financials	'	'
Unrealized Gain (Loss), Net	'	62,457
% of Partners' Capital	'	0.41%
SHORT	'	'
Unrealized Gain (Loss), Net	85,861	99,490
% of Partners' Capital	0.82%	0.65%
SHORT | Commodities	'	'
Unrealized Gain (Loss), Net	32,312	98,922
% of Partners' Capital	0.31%	0.65%
SHORT | Currencies	'	'
Unrealized Gain (Loss), Net	24,287	95,099
% of Partners' Capital	0.23%	0.63%
SHORT | Energy [Member]	'	'
Unrealized Gain (Loss), Net	-752	2,211
% of Partners' Capital	-0.01%	0.02%
SHORT | Metals [Member]	'	'
Unrealized Gain (Loss), Net	-17,728	-6,502
% of Partners' Capital	-0.17%	-0.04%
SHORT | Stock Indices [Member]	'	'
Unrealized Gain (Loss), Net	-300	-64,709
% of Partners' Capital	0.00%	-0.43%
SHORT | Financials	'	'
Unrealized Gain (Loss), Net	$48,042	($25,531)
% of Partners' Capital	0.46%	-0.17%

STATEMENTS_OF_INCOME_LOSS

STATEMENTS OF INCOME (LOSS) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income:	'	'
Interest income	$7,099	$18,102
Expenses:	'	'
Brokerage commissions	551,526	663,889
Incentive fees	362,310	230,711
Management fees	271,904	322,399
Professional fees	130,784	148,674
Accounting, administrative fees and other expenses	85,225	117,406
Total expenses	1,401,749	1,483,079
Net investment (loss)	-1,394,650	-1,464,977
Profits (losses) on trading of futures	'	'
Net realized gains on closed contracts	511,732	863,918
Change in net unrealized gains (losses) on open contracts	-11,999	43,993
Net trading profits	499,733	907,911
NET (LOSS)	($894,917)	($557,066)
NET INCOME (LOSS) PER UNIT (based on weighted average number of units outstanding during the period)	'	'
Class A	($448.03)	($239.99)
Class B - Series 1	-55.92	-22.97
Class B - Series 2	-47.42	-58.13
Class B - Series 3	-66.82	-40.23

STATEMENTS_OF_CHANGES_IN_PARTN

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (NET ASSET VALUE ) (USD $)	General Partner ClassA	Limited Partner ClassA	Total CLASS A	CLASS B LIMITED PARTNERS Series 1	CLASS B LIMITED PARTNERS Series 2	CLASS B LIMITED PARTNERS Series 3	Total CLASS B	Total
BEGINNING PARTNERS' CAPITAL,Amount at Dec. 31, 2011	$1,937	$16,413,423	$16,415,360	$1,569,042	$349,771	$46,026	$1,964,839	$18,380,199
BEGINNING PARTNERS' CAPITAL,Unit at Dec. 31, 2011	0.2618	2,219.16	'	1,613.68	456.3716	47.0348	'	'
Redemptions, unit	'	-385.4955	'	-128.0614	-308.6715	'	'	'
Redemptions, amount	'	-2,775,876	-2,775,876	-119,614	-224,345	'	-343,959	-3,119,835
Subscriptions, unit	'	58.5907	'	87.8713	'	'	'	'
Subscriptions, amount	'	417,487	417,487	85,000	'	'	85,000	502,487
Transfers, unit	'	-5.2775	'	39.7763	'	'	'	'
Transfers, amount	'	-37,142	-37,142	37,142	'	'	37,142	'
Net (loss)	-62	-500,206	-500,268	-36,941	-17,965	-1,892	-56,798	-557,066
ENDING PARTNERS' CAPITAL,Amount at Dec. 31, 2012	1,875	13,517,686	13,519,561	1,534,629	107,461	44,134	1,686,224	15,205,785
ENDING PARTNERS' CAPITAL,Unit at Dec. 31, 2012	0.2618	1,886.97	'	1,613.27	147.7001	47.0348	'	'
Redemptions, unit	'	-539.8165	'	-892.4715	-49.5844	'	'	'
Redemptions, amount	'	-3,680,505	-3,680,505	-800,523	-36,176	'	-836,699	-4,517,204
Subscriptions, unit	'	73.3451	'	174.6908	'	'	'	'
Subscriptions, amount	'	503,975	503,975	165,000	'	'	165,000	668,975
Net (loss)	-115	-794,160	-794,275	-91,852	-5,647	-3,143	-100,642	-894,917
ENDING PARTNERS' CAPITAL,Amount at Dec. 31, 2013	$1,760	$9,546,996	$9,548,756	$807,254	$65,638	$40,991	$913,883	$10,462,639
ENDING PARTNERS' CAPITAL,Unit at Dec. 31, 2013	0.2618	1,420.50	'	895.4897	98.1157	47.0348	'	'

STATEMENTS_OF_CHANGES_IN_PARTN1

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (NET ASSET VALUE ) (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net Asset Value Per Unit	'	'	'
Class A	$6,720.86	$7,163.68	$7,396.24
Class B, Series 1	$901.47	$951.25	$972.34
Class B, Series 2	$668.99	$727.56	$766.42
Class B, Series 3	$871.50	$938.33	$978.55

1_PARTNERSHIP_ORGANIZATION

1. PARTNERSHIP ORGANIZATION	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
PARTNERSHIP ORGANIZATION	'
		Bridgeton Tactical Advisors Fund, LP (formerly RFMC Tactical Advisors Fund, LP) (“the Partnership”), a Delaware limited partnership, was organized on January 24, 1986. Prior to March 1, 2010, Willowbridge Associates, Inc (“Willowbridge”) served as the Partnership’s sole trading advisor. Effective March 1, 2010, the Partnership added Quantitative Investment Management, LLC (“QIM”) as an additional trading advisor. Effective August 1, 2011, the Partnership added DPT Capital Management, LLC (“DPT”) and PJM Capital (“PJM”) as trading advisors in addition to Willowbridge and QIM. Effective March 1, 2013, the Partnership added 3D Capital Management, LLC (“3D Capital”) as a trading advisor. Effective October 22, 2013, the Partnership added Revolution Capital Management LLC (“Revolution”) as a trading advisor (Willowbridge, QIM, DPT, PJM, 3D Capital and Revolution, collectively the “Trading Advisors”). The Partnership terminated its relationships with DPT, PJM and 3D Capital effective January 31, 2013, July 1, 2013, and December 31, 2013, respectively. The Partnership’s business is to trade, buy, sell or otherwise acquire, hold or dispose of futures contracts, options on physical commodities and on futures contracts, forward contracts, and instruments that may be subject of a futures contract, including equities, indices and sectors ("Commodity Interests"), and any rights pertaining thereto and to engage in all activities incident thereto. The objective of the Partnership is the appreciation of its assets though speculative trading.
		From the Partnership’s start until February 1, 2011, Ruvane Fund Management Corporation, a Delaware corporation (“Ruvane” or the “General Partner” for periods prior to March 1, 2011), was the sole general partner of the Partnership. From that date until March 1, 2011, Bridgeton Fund Management, LLC (“Bridgeton” or the “General Partner” for periods on or after March 1, 2011) was a co-general partner of the Partnership with Ruvane. Effective March 1, 2011, Bridgeton is the sole general partner of the Partnership. Bridgeton has been registered with the Commodity Futures Trading Commission (“CFTC”) pursuant to the Commodity Exchange Act (“CEA”) as a Commodity Pool Operator (“CPO”) since January 11, 2011 and has been a member of the National Futures Association (“NFA”) since January 11, 2011. The General Partner is required by the Limited Partnership Agreement, as amended and restated (the “Agreement”), to contribute $1,000 to the Partnership.
		In accordance with the amendment to Section 5 of the Agreement, effective January 16, 2003, the Partnership offers separate classes of limited partnership interests, whereby interests which were issued prior to January 16, 2003 by the Partnership will be designated as Class A interests. The Partnership also offers Class B limited partnership interests through a private offering pursuant to Regulation D as adopted under section 4(2) of the Securities Act of 1933, as amended. The Partnership will offer the Class B interests up to an aggregate of $100,000,000; provided that the General Partner may increase the amount of interests that will be offered in increments of $10,000,000 after notice to the limited partners. Commissions for the Class B interests will differ from those of the Class A interests, but in all other respects the Class A interests and the Class B interests will be identical. The Class A interests and Class B interests will also be traded pursuant to the same trading programs.
		From August 1, 2011 to January 31, 2013, the Partnership allocated its trading assets to the Trading Advisors: approximately 34% to 43% to Willowbridge, 34% to 35% to QIM, 21% to 15% to PJM and 11% to 7% to DPT. From February 1, 2013 to March 1, 2013, the Partnership allocated its trading assets to the Trading Advisors: approximately 47% to Willowbridge, 38% to QIM, and 15% to PJM. From March 1, 2013, to June 30, 2013, the Partnership allocated its trading assets to the Trading Advisors: approximately 46% to Willowbridge, 36% to QIM, 12% to PJM, and 6% to 3D Capital. From July 1, 2013 to October 31, 2013, the Partnership allocated its trading assets to the Trading Advisors: approximately 53% to Willowbridge, 35% to QIM, 12% to 3D Capital. From November 1, 2013 to December 31, 2013, the Partnership allocated its trading assets to the Trading Advisors: approximately 37% to Willowbridge, 34% to QIM, 6% to 3D Capital and 23% to Revolution. During the years ended December 31, 2013 and 2012, two of the principals of the General Partner were also principals of DPT. The General Partner, in the future, may change the allocation percentages between the Trading Advisors or allocate the Partnership’s assets to other trading strategies and investment programs.
		The Partnership shall end upon withdrawal, insolvency or dissolution of the General Partner or a decline of greater than fifty percent of the net assets of the Partnership as defined in the Agreement, or the occurrence of any event which shall make it unlawful for the existence of the Partnership to be continued.

2_SIGNIFICANT_ACCOUNTING_POLIC

2. SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
SIGNIFICANT ACCOUNTING POLICIES	'
		A.	Method of Reporting
	The Partnership’s financial statements are prepared in accordance with U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income (loss) and expenses during the reporting period. Actual results could differ from these estimates.
	Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), referred to as ASC or the Codification, is the single source of U.S. GAAP.
	The Partnership has elected not to provide a statement of cash flows as permitted under ASC Topic 230, Statement of Cash Flows.
		B.	Cash and Cash Equivalents
			The Partnership has defined cash and cash equivalents as cash and short-term, highly liquid investments with maturities of three months or less when acquired. Money market mutual funds, which are included in cash equivalents, are classified as Level 1 fair value estimates (unadjusted quoted prices in active markets for identical assets) under the fair value hierarchy provisions as described in ASC Topic 820, Fair Value Measurement. At December 31, 2013 and 2012, the Partnership had investments in money market mutual funds of $9,774,207 and $12,216,656, respectively. Interest received on cash deposits and dividends received from money market mutual funds are included as interest income and recognized on an accrual basis.
		C.	Due from Brokers
			Due from brokers represents deposits required to meet margin requirements and excess funds not required for margin. Due from brokers at December 31, 2013 and 2012 consisted of cash on deposit with the brokers of $1,845,048 and $2,807,458, respectively. The Partnership is subject to credit risk to the extent any broker with whom the Partnership conducts business is unable to deliver cash balances or securities, or clear securities transactions on the Partnership’s behalf. The General Partner monitors the financial condition of the brokers with which the Partnership conducts business and believes that the likelihood of loss under the aforementioned circumstances is remote. Interest income is recognized on an accrual basis.
		D.	Investments in Futures and Forward Currency Contracts
	Investments in futures and forward currency contracts are recorded on the trade date and open contracts are stated in the financial statements at their fair value on the last business day of the reporting period. The fair value of futures contracts is determined based on quoted market prices, and accordingly such contracts are classified as Level 1 fair value estimates under the fair value hierarchy as described within ASC Topic 820, Fair Value Measurement. The fair value of forward currency (non-exchange traded) contracts is determined based on the interpolation of mid spot rates and forward points, as provided by a leading data provider. Such valuation technique for forward currency contracts represents both a market approach and an income approach to fair value measurements, and accordingly, forward currency contracts are categorized as Level 2 fair value estimates under ASC Topic 820. Gains or losses are realized when contracts are liquidated, on a first-in-first-out basis. Realized gains are netted with realized losses for financial reporting purposes and shown under the caption “Net realized gains on closed contracts” in the Statements of Income (Loss).
	As each broker has the right of offset, the Partnership presents the aggregate net unrealized gains with such brokers as “Net unrealized gains on open contracts” and the aggregate net unrealized losses with such brokers as “Net unrealized losses on open contracts” in the Statements of Financial Condition. The net unrealized gains on open contracts with one broker are not offset against net unrealized losses on open contracts from another broker in the Statements of Financial Condition (see Note 4., Derivative Instruments, for disclosures about offsetting derivative assets and liabilities).
	Any change in net unrealized gain or loss from the preceding period is reported in the Statements of Income (Loss) under the caption “Change in net unrealized gains (losses) on open contracts”.
		E.	Brokerage Commissions
	The Class A limited partners pay to the General Partner a flat brokerage commission of 4.0% annually of the net asset value of the Class A limited partners’ capital as of the beginning of each month. Class B limited partners pay to the General Partner a flat brokerage commission equal to the following percentages of each Series’ applicable net asset value: Series 1 – 3%, Series 2 – 6%, and Series 3 – 5%. From these amounts, the General Partner paid (1) actual trading commissions incurred by the Partnership of $247,178 and $148,643 for the years ended December 31, 2013 and 2012, respectively, and (2) 3.0% to properly registered selling agents as their ongoing compensation for servicing Class B limited partners (and to the extent the amount is less than 3%, the brokerage commissions with respect to such Class B limited partnership interests will be reduced accordingly). Approximately 35% to 45% of the actual trading commissions incurred by the Partnership is remitted by the brokers to an Introducing Broker affiliated with Bridgeton.
	Brokerage commissions charged to each Class or Series of class were as follows for the years ended December 31:
				2013		2012
		Class A		$	498,031	$	601,742
		Class B – Series 1			46,278		46,131
		Class B – Series 2			5,065		13,782
		Class B – Series 3			2,152		2,234
		Total
				$	551,526	$	663,889
			As of December 31, 2013 and 2012, $17,557 and $28,963, respectively, were due from the General Partner for reimbursement of brokerage commissions advanced by the Partnership. The Partnership's reimbursement of brokerage commissions due from the General Partner at December 31, 2012 has been offset with management fees due to the General Partner, resulting in the net amount of $19,980 due to General Partner (see Note 2.H.).
		F.	Allocation of Income (Loss)
			Net realized and unrealized trading profits and losses, interest income and other operating income and expenses, except Class or Series specific brokerage commission charges, are allocated to the partners monthly in proportion to their capital account balances, as defined in the Agreement. Class and/or Series specific commission charges are allocated monthly to the partners of the respective Class and/or Series in proportion to their respective capital account balances within the Class and/or Series.
		G.	Incentive Fees
	Pursuant to the Trading Advisory Agreements with Willowbridge (“Willowbridge Agreement”), QIM (“QIM Agreement”), DPT (“DPT Agreement”), PJM (“PJM Agreement”), 3D Capital (“3D Capital Agreement”), and Revolution (“Revolution Agreement”), the Trading Advisors are entitled to an incentive fee based on the New Profits, the New Net Profits, the New Trading Profits, or the New Net Total Return, as defined in the applicable Trading Advisory Agreements, of the Partnership’s trading assets allocated to the respective Trading Advisor. The Trading Advisors earn such incentive fees on a quarterly basis, except for 3D Capital; 3D Capital is entitled to a monthly incentive fee.
	Willowbridge is entitled to a quarterly incentive fee of 25% of any New Profits, as defined in the Willowbridge Agreement. The term “New Profits” for the purpose of calculating Willowbridge’s incentive fee only, is defined as the excess (if any) of (A) the net asset value of the Partnership’s trading assets allocated to Willowbridge as of the last day of any calendar quarter (before deduction of incentive fees paid or accrued for such quarter), over (B) the net asset value of the Partnership’s trading assets allocated to Willowbridge as of the last day of the most recent quarter for which an incentive fee was paid or payable (after deduction of such incentive fee). In computing New Profits, the difference between (A) and (B) above shall be (i) increased by the amount of any distributions or redemptions paid or accrued by the Partnership as of or subsequent to the date in (B) through the date in (A), (ii) adjusted (either decreased or increased, as the case may be) to reflect the amount of any additional allocations or negative reallocations of Partnership assets from the date in (B) to the last day of the quarter as of which the current incentive fee calculation is made, and (iii) increased by the amount of any losses attributable to redemptions.
	QIM is entitled to a quarterly incentive fee of 30% of any New Net Profits (as defined in the QIM Agreement) in the Partnership’s account as of each calendar quarter end. “New Net Profits”, for the purpose of calculating QIM’s incentive fee, is defined as the excess of cumulative gain/loss from commodity trading (excluding interest) less trading and management fees over its highest past value at any prior calendar quarterly period with respect to trading assets allocated to QIM. The “gain/loss from commodity trading” is the net gain or loss from closed and completed commodity transactions (after brokerage commissions) plus the increases/decreases in the value of open positions at the end of each calendar quarter (accounting for commissions that would be incurred by closing such open positions). In the event of any subsequent losses, the quarterly incentive fees would not be charged until there are Net New Profits to offset such losses.
	DPT was entitled to a quarterly incentive fee of 10% of any New Trading Profits (as defined in the DPT Agreement) in the Partnership’s account as of each calendar quarter end. “New Trading Profits”, for the purpose of calculating DPT’s incentive fee, is defined as the excess of cumulative gain/loss from commodity trading (excluding interest) less trading and management fees over its highest past value at any prior calendar quarterly period with respect to trading assets allocated to DPT. The “gain/loss from commodity trading” is the net gain or loss from closed and completed commodity transactions (after brokerage commissions) plus the increases/decreases in the value of open positions at the end of each calendar quarter (accounting for commissions that would be incurred by closing such open positions). In the event of any subsequent losses, the quarterly incentive fees were not be charged until there were New Trading Profits to offset such losses.
	PJM was entitled to a quarterly incentive fee of 20% of any New Trading Profits (as defined in the PJM Agreement) in the Partnership’s account as of each calendar quarter end. “New Trading Profits”, for the purpose of calculating PJM’s incentive fee, is defined as the excess of cumulative gain/loss from commodity trading (excluding interest) less trading and management fees over its highest past value at any prior calendar quarterly period with respect to trading assets allocated to PJM. The “gain/loss from commodity trading” is the net gain or loss from closed and completed commodity transactions (after brokerage commissions) plus the increases/decreases in the value of open positions at the end of each calendar quarter (accounting for commissions that would be incurred by closing such open positions). In the event of any subsequent losses, the quarterly incentive fees were not be charged until there were New Trading Profits to offset such losses.
	3D Capital traded allocated assets pursuant to two separate trading programs. 3D Capital was entitled to a monthly incentive fee of 15% of any New Net Profits (as defined in the 3D Capital Agreement) in the Partnership’s account for the respective trading program as of each calendar month end. “New Net Profits,” for the purpose of calculating 3D Capital’s incentive fee, is defined as 1) all realized gains and losses; plus 2) the change in value of open positions during the month; plus 3) interest earned in any account; minus 4) all commissions, transaction and other expenses incurred during the period, including the management fees and accounting fees. If New Net Profits for a month were negative, no incentive fee was generated and the negative amount constituted a “carryforward loss” for the beginning of the next month and was added to any carryforward loss since the last incentive fee was earned. 3D Capital did not earn additional incentive fees until New Net Profits generated since the last incentive fee was earned exceed the aggregate carryforward loss recognized since the last incentive fee was earned. The effect of this calculation prevented 3D Capital from earning incentive fees on the recoupment of prior losses.
	Revolution is entitled to a quarterly incentive fee of 20% of any New Net Total Return (as defined in the Revolution Agreement) in the Partnership’s account as of each calendar quarter end. “New Net Total Return”, for the purpose of calculating Revolution’s incentive fee, is computed using the formula: (1) the net of realized profits and loss during the period, plus (2) the change in unrealized profit and loss on open positions during the period, plus (3) accrued interest income, minus (4) all brokerage commissions, transaction fees, management fees and other charges incurred during the period and minus (5) cumulative net loss, if any, carried over from previous periods. Cumulative net loss shall be computed by totaling all net profit in each period (quarter or month) in which there was such a profit and subtracting from it all net loss in each period (quarter or month) in which there was such a loss, provided that the full cumulative net loss shall not be carried over where a withdrawal has occurred. Instead, a portion of the loss (calculated by dividing the withdrawn amount by the total under management and multiplying the result by the cumulative net loss) attributable to the withdrawn amount shall first be subtracted from the cumulative net loss.
	11
	There were no incentive fees earned by DPT or PJM for the years ended December 31, 2013 and 2012. Incentive fees earned by Willowbridge totaled $319,982 and $0 for the years ended December 31, 2013 and 2012, respectively. Incentive fees earned by QIM totaled $0 and $230,711 for the years ended December 31, 2013 and 2012, respectively. Incentive fees earned by Revolution totaled $32,329 for the year ended December 31, 2013. As of December 31, 2013, $32,329 was due to Revolution. Incentive fees earned by 3D Capital totaled $9,999 for the year ended December 31, 2013.
		H.	Management Fees
	The General Partner charges a management fee each beginning of month at 1/12 of 1% of the Partnership’s net assets (as defined in the Agreement) as of the beginning of the respective month. For the years ended December 31, 2013 and 2012, such fees amounted to $141,080 and $168,405, respectively.
	At December 31, 2012, $48,943 in management fees was due to the General Partner. Such due to the General Partner amount is reported net of brokerage commissions reimbursement due to the Partnership at December 31, 2012 (see Note 2.E.).
	In addition to the management fee paid to the General Partner, the Partnership pays to Willowbridge a quarterly trading advisor management fee of 0.25% (1% per year) of the Partnership’s trading assets allocated to Willowbridge. These fees amounted to $81,807 and $70,174 in 2013 and 2012, respectively. As of December 31, 2013 and 2012, $17,622 and $18,173, respectively, were due to Willowbridge. The Partnership paid PJM a monthly trading advisor management fee of 0.166% (2% per year) of the Partnership’s trading assets allocated to PJM. These fees amounted to $22,602 and $68,621 in 2013 and 2012, respectively. As of December 31, 2013 and 2012, $0 and $4,236, respectively, were due to PJM. The Partnership paid DPT a monthly trading advisor management fee of 0.083% (1% per year) of the Partnership’s trading assets allocated to DPT. These fees amounted to $1,130 and $15,199 in 2013 and 2012, respectively. As of December 31, 2013 and 2012, $0 and $1,137, respectively, were due to DPT. The Partnership pays 3D Capital a monthly trading advisor management fee of 0.125% (1.5% per year) of the Partnership’s trading assets allocated to 3D Capital. These fees amounted to $18,572 for the year ended December 31, 2013. As of December 31, 2013, $1,739 was due to 3D Capital. The Partnership pays Revolution a monthly trading advisor management fee of 0.083% (1% per year) of the Partnership’s trading assets allocated to Revolution. These fees amounted to $6,713 for the year ended December 31, 2013. As of December 31, 2013, $3,380 was due to Revolution. QIM is not paid a trading advisor management fee. The aggregate trading assets allocated to the Trading Advisors may exceed the net asset value of the Partnership, and accordingly management fees may exceed that which would be assessed based on net asset value.
		I.	Income Taxes
	No provision for income taxes has been provided in the accompanying financial statements as each partner is individually liable for taxes, if any, on his or her share of the Partnership’s profits.
	The Partnership applies the provisions of Codification Topics 740, Income Taxes, which prescribe the minimum recognition threshold a tax position must meet in connection with accounting for uncertainties in income tax positions taken or expected to be taken by an entity before being measured and recognized in the financial statements. This accounting standard requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Partnership’s financial statements to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions with respect to tax at the Partnership level not deemed to meet the “more-likely-than-not” threshold would be recorded as an expense in the current year. The Partnership has elected an accounting policy to classify interest and penalties, if any, as interest expense. The General Partner has concluded there is no tax expense or interest expense related to uncertainties in income tax positions for the years ended December 31, 2013 and 2012.
	The Partnership files U.S. federal and state tax returns. The 2010 through 2013 tax years generally remain subject to examination by U.S. federal and most state authorities.
		J.	Subscriptions
			Partnership units may be purchased on the first day of each month at the net asset value per unit determined on the last business day of the previous month. Partners’ contributions received in advance for subscriptions are recorded as prepaid subscriptions in the Statements of Financial Condition.
		K.	Redemptions
			Limited partners may redeem some or all of their units at net asset value per unit as of the last business day of each month with at least ten days written notice to the General Partner.
		L.	Foreign Currency Transactions
			The Partnership’s functional currency is the U.S. dollar; however, it transacts business in currencies other than the U.S. dollar. Assets and liabilities denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect at the date of the respective Statement of Financial Condition. Income and expense items denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect during the period. Realized gains resulting from the translation to U.S. dollars totaled $3,559 and $8,688 for the years ended December 31, 2013 and 2012, respectively, and are reported as a component of “Net realized gains on closed contracts” in the Statements of Income (Loss).
		M.	Recently Issued Accounting Pronouncements
	In December 2011, the FASB issued Accounting Standards Update No. 2011-11 (“ASU 2011-11”), entitled Balance Sheet (Topic 210) – Disclosures about Offsetting Assets and Liabilities. ASU 2011-11 enhances current disclosures about financial instruments and derivative instruments that are either offset on the statement of financial condition or subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset on the statement of financial condition. Entities are required to provide both net and gross information for these assets and liabilities in order to facilitate comparability between financial statements prepared on the basis of U.S. GAAP and financial statements prepared in accordance with International Financial Reporting Standards. ASU 2011-11 is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods.
	In January 2013, the FASB issued Accounting Standards Update No. 2013-01, (“ASU 2013-01”) entitled Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which highlights the scope of transactions that are subject to the disclosures about offsetting. The standard clarifies that ordinary trade receivables and payables are not in the scope of ASU 2011-11, discussed above, but applies only to derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria contained in the Codification or subject to a master netting arrangement or similar agreement. The standard will enable users of financial statements to understand the effect that offsetting and related arrangements have on an entity’s financial position. ASU 2013-01 is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods, with required disclosures, presented retrospectively, for all comparative periods presented.
	The Partnership’s adoption of ASU 2011-11 and ASU 2013-01 had no material impact on the Partnership’s financial statements. See Note 4. Derivative Instruments for disclosures required pursuant to the Partnership’s adoption of ASU 2011-11 and ASU 2013-01.
	In June 2013, the FASB issued Accounting Standards Update No. 2013-08 (“ASU 2013-08”), entitled Financial Services – Investment Companies (Topic 946) – Amendments to the Scope, Measurement, and Disclosure Requirements. ASU 2013-08 changes the approach to assessing whether an entity is an investment company, clarifies the characteristics of an investment company and provides comprehensive guidance for assessing whether an entity is an investment company. In addition, ASU 2013-08 requires non-controlling ownership interests in other investment companies to be measured at fair value and requires additional disclosures about the investment company’s status as an investment company. ASU 2013-08 is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2013. The Partnership is currently evaluating the impact ASU 2013-08 will have; however, no material impact on the Partnership’s financial statements is anticipated.
		N.	Indemnifications
	The Partnership has entered into agreements which provide for the indemnifications against losses, costs, claims and liabilities arising from the performance of its obligations under such agreements, except for gross negligence or bad faith. The Partnership’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Partnership that have not yet occurred. The Partnership generally expects the risk of loss from indemnification claims in the future to be remote.

3_FAIR_VALUE

3. FAIR VALUE	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
FAIR VALUE	'
		Fair value of an investment is the amount that would be received to sell the investment in an orderly transaction between market participants at the measurement date (i.e. the exit price).
		The fair value hierarchy, as more fully described in ASC Topic 820, Fair Value Measurement, prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is impacted by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.
		Investments measured and reported at fair value are classified and disclosed in one of the following categories:
		Level 1 – Quoted prices are available in active markets for identical investments as of the reporting date. The types of investments included in Level 1 are publicly traded investments. As required by ASC Topic 820, Fair Value Measurement, the Partnership does not adjust the quoted price for these investments even in situations where the Partnership holds a large position and a sale could reasonably impact the quoted price.
		Level 2 – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. Investments which are generally included in this category are investments valued using market data.
	Level 3 – Pricing inputs are unobservable and include situations where there is little, if any, market activity for the investment. Fair value for these investments are determined using valuation methodologies that consider a range of factors, including but not limited to the price at which the investment was acquired, the nature of the investment, local market conditions, trading values on public exchanges for comparable securities, current and projected operating performance and financing transactions subsequent to the acquisition of the investment. The inputs into the determination of fair value require significant management judgment. Due to the inherent uncertainty of these estimates, these values may differ materially from the values that would have been used had a ready market for these investments existed. Investments that are included in this category generally are privately held debt and equity securities.
	In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The General Partner’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. The Partnership recognizes transfers, if any, between fair value hierarchy levels at the beginning of the reporting period. There were no transfers into or out of fair value hierarchy levels during the years ended December 31, 2013 and 2012.
		The following table summarizes the valuation of the Partnership’s investments by the above fair value hierarchy levels. Fair value is presented on a gross basis even though certain assets and liabilities qualify for net presentation in the Statements of Financial Condition:
			31-Dec-13
	Description		Level 1			Level 2		Level 3		Total
	Assets
	Futures contracts
	Commodities		$	$45,002		$	0	$	0	$	45,002
	Currencies			73,630			0		0		73,630
	Energy			27,240			0		0		27,240
	Financials			48,715			0		0		48,715
	Metals			196,666			0		0		196,666
	Stock indices			42,913			0		0		42,913
	Total futures contracts			434,166			0		0		434,166
	Money market mutual funds			9,774,207			0		0		9,774,207
	Total assets		$	10,208,373		$	0	$	0	$	10,208,373
	Liabilities
	Futures contracts
	Commodities		$	(13,195	)	$	0	$	0	$	(13,195	)
	Currencies			(785	)		0		0		(785	)
	Energy			(8,545	)		0		0		(8,545	)
	Financials			(673	)		0		0		(673	)
	Metals			(200,532	)		0		0		(200,532	)
	Stock indices			(338	)		0		0		(338	)
	Total futures contracts			(224,068	)		0				(224,068	)
	Total liabilities		$	(224,068	)	$	0	$	0	$	(224,068	)
			31-Dec-12
	Description		Level 1			Level 2		Level 3		Total
	Assets
	Futures contracts
	Commodities		$	111,640		$	0	$	0	$	111,640
	Currencies			229,560			0		0		229,560
	Energy			17,878			0		0		17,878
	Financials			72,645			0		0		72,645
	Metals			78,979			0		0		78,979
	Stock indices			18,540			0		0		18,540
	Total futures contracts			529,242			0				529,242
	Money market mutual funds			12,216,656			0				12,216,656
	Total assets		$	12,745,898		$	0	$	0	$	12,745,898
	Liabilities
	Futures contracts
	Commodities		$	(16,345	)	$	0	$	0	$	(16,345	)
	Currencies			(27,341	)		0		0		(27,341	)
	Energy			(781	)		0		0		(781	)
	Financials			(35,719	)		0		0		(35,719	)
	Metals			(143,395	)		0		0		(143,395	)
	Stock indices			(83,564	)		0		0		(83,564	)
	Total futures contracts			(307,145	)		0		0		(307,145	)
	Total liabilities		$	(307,145	)	$	0	$	0	$	(307,145	)

4_DERIVATIVE_INSTRUMENTS

4. DERIVATIVE INSTRUMENTS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
DERIVATIVE INSTRUMENTS	'
		The Partnership engages in the speculative trading of forward currency contracts and futures contracts in currencies, financials and a wide range of commodities, among others (collectively “derivatives”) for the purpose of achieving capital appreciation. Since the derivatives held or sold by the Partnership are for speculative trading purposes, the derivative instruments are not designated as hedging instruments as defined in ASC Topic 815, Derivatives and Hedging.
		Under provisions of ASC Topic 815, Derivatives and Hedging, entities are required to recognize all derivative instruments as either assets or liabilities at fair value in the statement of financial condition. Investments in futures contracts are reported in the Statements of Financial Condition as “Net unrealized gains on open contracts” or “Net unrealized (losses) on open contracts.”
		The Partnership’s derivatives held at December 31, 2013 and 2012 are subject to agreements similar to master netting agreements with the Partnership’s brokers which grant the brokers the right to set off recognized assets and liabilities if certain conditions exist. The following tables present gross amounts of assets and liabilities which are offset in the Statements of Financial Condition.
				Offsetting of Derivative Assets and Liabilities
				at December 31, 2013
							Gross Amounts			Net Amounts
							Offset in the			Presented in the
				Gross Amounts			Statement of			Statement of
				of Recognized			Financial			Financial
				Assets			Condition			Condition
		Assets
		Futures Contracts(1)
		ADM Investor Services, Inc.		$	226,694		$	(203,580	)	$	23,114
		Newedge USA, LLC			207,472			(20,488	)		186,984
		Total futures contracts		$	434,166		$	(224,068	)	$	210,098
							Goss Amounts			Net Amounts
							Offset in the			Presented in the
				Gross Amounts			Statement of			Statement of
				of Recognized			Financial			Financial
				Liabilities			Condition			Condition
		Liabilities
		Futures Contracts(1)
		ADM Investor Services, Inc.		$	(203,580	)	$	203,580		$	0
		Newedge USA, LLC			(20,488	)		20,488			0
		Total futures contracts		$	224,068		$	224,068		$	0
				Offsetting of Derivative Assets and Liabilities
					at December 31, 2012
							Gross Amounts			Net Amounts
							Offset in the			Presented in the
				Gross Amounts			Statement of			Statement of
				of Recognized			Financial			Financial
				Assets			Condition			Condition
		Assets
		Futures Contracts(1)
		ADM Investor Services, Inc.		$	88,112		$	(88,112	)	$	0
		Newedge USA, LLC			441,130			(176,783	)	$	264,347
		Total futures contracts		$	529,242		$	(264,895	)	$	264,347
							Gross Amounts			Net Amounts
							Offset in the			Presented in the
				Gross Amounts			Statement of			Statement of
				of Recognized			Financial			Financial
				Liabilities			Condition			Condition
		Liabilities
		Futures Contracts(1)
		ADM Investor Services, Inc.		$	(130,362	)	$	88,112		$	(42,250	)
		Newedge USA, LLC			(176,783	)		176,783			0
		Total futures contracts		$	(307,145	)	$	264,895		$	(42,250	)
	_________________________________
	(1) See Note 3. for the fair value for each type of contract within the category.
		The cash held at each counterparty at December 31, 2013 and 2012 exceeds the net derivatives liability, if any, at such counterparty.
			Realized gains and losses, as well as any change in net unrealized gains or losses on open contracts from the preceding period, are recognized as part of the Partnership’s trading profits and losses in the Statements of Income (Loss).
		The Partnership’s trading results and information related to the volume of the Partnership’s derivative activity by market sector were as follows:
				For the Year ended December 31, 2013
							Change in						Number of
				Net Realized			Net Unrealized			Net Trading			Closed
		Futures contracts		Gains (Losses)			Gains (Losses)			Profits (Losses)			Contracts
		Commodities		$	(344,175	)	$	(63,488	)	$	(407,663	)		4,536
		Currencies			127,425			(129,374	)		(1,949	)		4,322
		Energy			(406,193	)		1,598			(404,595	)		2,290
		Financials			193,562			11,116			204,678			9,600
		Metals			212,332			60,550			272,882			2,606
		Stock indices			728,881			107,599			836,480			31,290
		Total futures contracts			511,832			(11,999	)		499,833			54,644
												Notional Value
												of Contracts
												Closed
	Forward currency contracts			(100	)		-			(100	)	$	117,377
	Total gain (loss) from
	derivatives trading		$	511,732		$	(11,999	)	$	499,733
			For the Year ended December 31, 2012
						Change in						Number of
			Net Realized			Net Unrealized			Net Trading			Closed
	Futures contracts		Gains (Losses)			Gains (Losses)			Profits (Losses)			Contracts
	Commodities		$	(320,798	)	$	101,952		$	(218,846	)		6,088
	Currencies			264,933			166,992			431,925			5,254
	Energy			579,000			(6,816	)		572,184			2,288
	Financials			(529,833	)		33,502			(496,331	)		13,432
	Metals			167,803			(202,285	)		(34,482	)		1,236
	Stock indices			702,813			(49,352	)		653,461			6,186
	Total gain from
	derivatives trading		$	863,918		$	43,993		$	907,911			34,484
	The number of contracts closed for futures contracts represents the number of contract half-turns during the years ended December 31, 2013 and 2012. The notional value of contracts closed for forward currency contracts represents the U.S. dollar notional value of forward currency contracts closed during the year ended December 31, 2013.
	A.	Market Risk
		The Partnership engages in the speculative trading of derivatives. Derivative financial instruments involve varying degrees of off-balance sheet market risk whereby changes in the level of volatility of interest rates, foreign currency exchange rates or market values of the underlying financial instruments or commodities may result in cash settlements in excess of the amounts recognized in the Statements of Financial Condition. The Partnership’s exposure to market risk is directly influenced by a number of factors, including the volatility of the markets in which the financial instruments are traded and the liquidity of those markets.
	B.	Fair Value
		The derivative instruments used in the Partnership’s trading activities are reported at fair value with the resulting unrealized gains (losses) recorded in the Statements of Financial Condition and the related trading profits (losses) reflected in “Trading Profits (Losses)” in the Statements of Income (Loss). Open contracts generally mature within 90 days; as of December 31, 2013 and 2012, the latest maturity dates for open contracts are December 2014 and December 2013, respectively.
	C.	Credit Risk
		Futures are contracts for delayed delivery of financial interests in which the seller agrees to make delivery at a specified future date of a specified financial instrument at a specified price or yield. Risk arises from changes in the fair value of the underlying instruments. The purchase and sale of futures contracts requires certain margin deposits with the brokers. Additional deposits may be necessary for any loss on contract fair value. The Commodity Exchange Act requires a broker to segregate all customer transactions and assets from such broker's proprietary activities. A customer's cash and other property (for example, U.S. Treasury bills) deposited with a broker are considered commingled with all other customer funds subject to the broker's segregation requirements. In the event of a broker's insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than total cash and other property deposited with such brokers ("counterparties"). The Partnership’s counterparties are major brokerage firms and banks located in the United States, or their foreign affiliates. Credit risk due to counterparty nonperformance associated with futures contracts is reflected in the cash on deposit with brokers and the unrealized gains on open contracts held by such counterparties, if any, reflected above. The Partnership also trades forward currency contracts in unregulated markets between principals and assumes the risk of loss from counterparty nonperformance.
		The Partnership has a substantial portion of its assets on deposit with brokers and other financial institutions in connection with its trading of derivative contracts and its cash management activities. Assets deposited with brokers and other financial institutions in connection with the Partnership's trading of derivative contracts are partially restricted due to deposit or margin requirements. In the event of a financial institution's insolvency, recovery of Partnership assets on deposit may be limited to account insurance or other protection afforded such deposits.
	D.	Risk Monitoring
		Due to the speculative nature of the Partnership’s derivatives trading, the Partnership is subject to the risk of substantial losses from derivatives trading. The General Partner actively assesses, manages, and monitors risk exposure on derivatives on a contract basis, a market sector basis, and on an overall basis in accordance with established risk parameters. The Limited Partners bear the risk of loss only to the extent of the fair value of their respective investments and, in certain specific circumstances, distributions and redemptions received.

5_FINANCIAL_HIGHLIGHTS

5. FINANCIAL HIGHLIGHTS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
FINANCIAL HIGHLIGHTS	'
		The following information presents per unit operating performance data and other supplemental financial data for the years ended December 31, 2013 and 2012. The information has been derived from information presented in the financial statements.
			Year ended December 31, 2013
						Class B			Class B			Class B
			Class A			Series 1			Series 2			Series 3
	Per Unit Operating Performance
	(for a Unit outstanding for the entire year)
	Net Asset Value, beginning of the year		$	7,163.68		$	951.25		$	727.56		$	938.33
	Profit (loss) from operations
	Net investment (loss)			(699.96	)		(84.51	)		(86.00	)		(100.38	)
	Net trading profit			257.14			34.73			27.43			33.55
	Net (loss)			(442.82	)		(49.78	)		(58.57	)		(66.83	)
	Net Asset Value, end of the year		$	6,720.86		$	901.47		$	668.99		$	871.5
	Total Return(1)			(6.18	)%		(5.23	)%		(8.05	)%		(7.12	)%
	Total Return excluding incentive fees(2)			(3.57	)%		(2.48	)%		(5.25	)%		(4.57	)%
	Supplemental Data
	Ratios to average net asset value
	Expenses prior to incentive fees			7.62	%		6.73	%		9.61	%		8.51	%
	Incentive fees			2.61	%		2.75	%		2.8	%		2.55	%
	Total expenses			10.23	%		9.48	%		12.41	%		11.06	%
	Net investment (loss)(3)			(7.57	)%		(6.68	)%		(9.56	)%		(8.46	)%
			Year ended December 31, 2012
						Class B			Class B			Class B
			Class A			Series 1			Series 2			Series 3
	Per Unit Operating Performance
	(for a Unit outstanding for the entire year)
	Net Asset Value, beginning of the year		$	7,396.24		$	972.34		$	766.42		$	978.55
	Profit (loss) from operations
	Net investment (loss)			(631.88	)		(74.01	)		(79.18	)		(92.56	)
	Net trading profit			399.32			52.92			40.32			52.34
	Net (loss)			(232.56	)		(21.09	)		(38.86	)		(40.22	)
	Net Asset Value, end of the year		$	7,163.68		$	951.25		$	727.56		$	938.33
	Total Return(1)			(3.14	)%		(2.17	)%		(5.07	)%		(4.11	) %
	Total Return excluding incentive fees(2)			(1.75	)%		(0.83	)%		(3.66	)%		(2.77	) %
	Supplemental Data
	Ratios to average net asset value
	Expenses prior to incentive fees			7.57	%		6.56	%		9.81	%		8.52	%
	Incentive fees			1.39	%		1.34	%		1.41	%		1.34	%
	Total expenses			8.96	%		7.9	%		11.22	%		9.86	%
	Net investment (loss)(3)			(7.46	)%		(6.45	)%		(9.70	)%		(8.41	)%
		Total returns are calculated based on the change in value of a unit during the periods presented. An individual partner’s total returns and ratios may vary from the above total returns and ratios based on the timing of subscriptions and redemptions.
	_______________________________
		-1	Total return is derived as ending net asset value less beginning net asset value divided by beginning net asset value, and excludes the effect of sales commissions and initial administrative charges on subscriptions.
		-2	Total return excluding incentive fees is derived by adjusting the total return by the ratio of incentive fees to average net asset value.
		-3	Net investment (loss) ratios exclude the effects of incentive fees.

2_SIGNIFICANT_ACCOUNTING_POLIC1

2. SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Method of Reporting	'
		A.	Method of Reporting
		The Partnership’s financial statements are prepared in accordance with U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income (loss) and expenses during the reporting period. Actual results could differ from these estimates.
		Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), referred to as ASC or the Codification, is the single source of U.S. GAAP.
		The Partnership has elected not to provide a statement of cash flows as permitted under ASC Topic 230, Statement of Cash Flows.
Cash and Cash Equivalents	'
		B.	Cash and Cash Equivalents
		The Partnership has defined cash and cash equivalents as cash and short-term, highly liquid investments with maturities of three months or less when acquired. Money market mutual funds, which are included in cash equivalents, are classified as Level 1 fair value estimates (unadjusted quoted prices in active markets for identical assets) under the fair value hierarchy provisions as described in ASC Topic 820, Fair Value Measurement. At December 31, 2013 and 2012, the Partnership had investments in money market mutual funds of $9,774,207 and $12,216,656, respectively. Interest received on cash deposits and dividends received from money market mutual funds are included as interest income and recognized on an accrual basis.
Due from Brokers	'
		C.	Due from Brokers
		Due from brokers represents deposits required to meet margin requirements and excess funds not required for margin. Due from brokers at December 31, 2013 and 2012 consisted of cash on deposit with the brokers of $1,845,048 and $2,807,458, respectively. The Partnership is subject to credit risk to the extent any broker with whom the Partnership conducts business is unable to deliver cash balances or securities, or clear securities transactions on the Partnership’s behalf. The General Partner monitors the financial condition of the brokers with which the Partnership conducts business and believes that the likelihood of loss under the aforementioned circumstances is remote. Interest income is recognized on an accrual basis.
Investments in Futures Contracts	'
		D.	Investments in Futures and Forward Currency Contracts
		Investments in futures and forward currency contracts are recorded on the trade date and open contracts are stated in the financial statements at their fair value on the last business day of the reporting period. The fair value of futures contracts is determined based on quoted market prices, and accordingly such contracts are classified as Level 1 fair value estimates under the fair value hierarchy as described within ASC Topic 820, Fair Value Measurement. The fair value of forward currency (non-exchange traded) contracts is determined based on the interpolation of mid spot rates and forward points, as provided by a leading data provider. Such valuation technique for forward currency contracts represents both a market approach and an income approach to fair value measurements, and accordingly, forward currency contracts are categorized as Level 2 fair value estimates under ASC Topic 820. Gains or losses are realized when contracts are liquidated, on a first-in-first-out basis. Realized gains are netted with realized losses for financial reporting purposes and shown under the caption “Net realized gains on closed contracts” in the Statements of Income (Loss).
		As each broker has the right of offset, the Partnership presents the aggregate net unrealized gains with such brokers as “Net unrealized gains on open contracts” and the aggregate net unrealized losses with such brokers as “Net unrealized losses on open contracts” in the Statements of Financial Condition. The net unrealized gains on open contracts with one broker are not offset against net unrealized losses on open contracts from another broker in the Statements of Financial Condition (see Note 4., Derivative Instruments, for disclosures about offsetting derivative assets and liabilities).
		Any change in net unrealized gain or loss from the preceding period is reported in the Statements of Income (Loss) under the caption “Change in net unrealized gains (losses) on open contracts”.
Brokerage Commissions	'
		E.	Brokerage Commissions
		The Class A limited partners pay to the General Partner a flat brokerage commission of 4.0% annually of the net asset value of the Class A limited partners’ capital as of the beginning of each month. Class B limited partners pay to the General Partner a flat brokerage commission equal to the following percentages of each Series’ applicable net asset value: Series 1 – 3%, Series 2 – 6%, and Series 3 – 5%. From these amounts, the General Partner paid (1) actual trading commissions incurred by the Partnership of $247,178 and $148,643 for the years ended December 31, 2013 and 2012, respectively, and (2) 3.0% to properly registered selling agents as their ongoing compensation for servicing Class B limited partners (and to the extent the amount is less than 3%, the brokerage commissions with respect to such Class B limited partnership interests will be reduced accordingly). Approximately 35% to 45% of the actual trading commissions incurred by the Partnership is remitted by the brokers to an Introducing Broker affiliated with Bridgeton.
		Brokerage commissions charged to each Class or Series of class were as follows for the years ended December 31:
				2013		2012
		Class A		$	498,031	$	601,742
		Class B – Series 1			46,278		46,131
		Class B – Series 2			5,065		13,782
		Class B – Series 3			2,152		2,234
		Total
				$	551,526	$	663,889
		As of December 31, 2013 and 2012, $17,557 and $28,963, respectively, were due from the General Partner for reimbursement of brokerage commissions advanced by the Partnership. The Partnership's reimbursement of brokerage commissions due from the General Partner at December 31, 2012 has been offset with management fees due to the General Partner, resulting in the net amount of $19,980 due to General Partner (see Note 2.H.).
Allocation of Income (Loss)	'
		F.	Allocation of Income (Loss)
		Net realized and unrealized trading profits and losses, interest income and other operating income and expenses, except Class or Series specific brokerage commission charges, are allocated to the partners monthly in proportion to their capital account balances, as defined in the Agreement. Class and/or Series specific commission charges are allocated monthly to the partners of the respective Class and/or Series in proportion to their respective capital account balances within the Class and/or Series.
Incentive Fees	'
		G.	Incentive Fees
	Pursuant to the Trading Advisory Agreements with Willowbridge (“Willowbridge Agreement”), QIM (“QIM Agreement”), DPT (“DPT Agreement”), PJM (“PJM Agreement”), 3D Capital (“3D Capital Agreement”), and Revolution (“Revolution Agreement”), the Trading Advisors are entitled to an incentive fee based on the New Profits, the New Net Profits, the New Trading Profits, or the New Net Total Return, as defined in the applicable Trading Advisory Agreements, of the Partnership’s trading assets allocated to the respective Trading Advisor. The Trading Advisors earn such incentive fees on a quarterly basis, except for 3D Capital; 3D Capital is entitled to a monthly incentive fee.
	Willowbridge is entitled to a quarterly incentive fee of 25% of any New Profits, as defined in the Willowbridge Agreement. The term “New Profits” for the purpose of calculating Willowbridge’s incentive fee only, is defined as the excess (if any) of (A) the net asset value of the Partnership’s trading assets allocated to Willowbridge as of the last day of any calendar quarter (before deduction of incentive fees paid or accrued for such quarter), over (B) the net asset value of the Partnership’s trading assets allocated to Willowbridge as of the last day of the most recent quarter for which an incentive fee was paid or payable (after deduction of such incentive fee). In computing New Profits, the difference between (A) and (B) above shall be (i) increased by the amount of any distributions or redemptions paid or accrued by the Partnership as of or subsequent to the date in (B) through the date in (A), (ii) adjusted (either decreased or increased, as the case may be) to reflect the amount of any additional allocations or negative reallocations of Partnership assets from the date in (B) to the last day of the quarter as of which the current incentive fee calculation is made, and (iii) increased by the amount of any losses attributable to redemptions.
	QIM is entitled to a quarterly incentive fee of 30% of any New Net Profits (as defined in the QIM Agreement) in the Partnership’s account as of each calendar quarter end. “New Net Profits”, for the purpose of calculating QIM’s incentive fee, is defined as the excess of cumulative gain/loss from commodity trading (excluding interest) less trading and management fees over its highest past value at any prior calendar quarterly period with respect to trading assets allocated to QIM. The “gain/loss from commodity trading” is the net gain or loss from closed and completed commodity transactions (after brokerage commissions) plus the increases/decreases in the value of open positions at the end of each calendar quarter (accounting for commissions that would be incurred by closing such open positions). In the event of any subsequent losses, the quarterly incentive fees would not be charged until there are Net New Profits to offset such losses.
	DPT was entitled to a quarterly incentive fee of 10% of any New Trading Profits (as defined in the DPT Agreement) in the Partnership’s account as of each calendar quarter end. “New Trading Profits”, for the purpose of calculating DPT’s incentive fee, is defined as the excess of cumulative gain/loss from commodity trading (excluding interest) less trading and management fees over its highest past value at any prior calendar quarterly period with respect to trading assets allocated to DPT. The “gain/loss from commodity trading” is the net gain or loss from closed and completed commodity transactions (after brokerage commissions) plus the increases/decreases in the value of open positions at the end of each calendar quarter (accounting for commissions that would be incurred by closing such open positions). In the event of any subsequent losses, the quarterly incentive fees were not be charged until there were New Trading Profits to offset such losses.
	PJM was entitled to a quarterly incentive fee of 20% of any New Trading Profits (as defined in the PJM Agreement) in the Partnership’s account as of each calendar quarter end. “New Trading Profits”, for the purpose of calculating PJM’s incentive fee, is defined as the excess of cumulative gain/loss from commodity trading (excluding interest) less trading and management fees over its highest past value at any prior calendar quarterly period with respect to trading assets allocated to PJM. The “gain/loss from commodity trading” is the net gain or loss from closed and completed commodity transactions (after brokerage commissions) plus the increases/decreases in the value of open positions at the end of each calendar quarter (accounting for commissions that would be incurred by closing such open positions). In the event of any subsequent losses, the quarterly incentive fees were not be charged until there were New Trading Profits to offset such losses.
	3D Capital traded allocated assets pursuant to two separate trading programs. 3D Capital was entitled to a monthly incentive fee of 15% of any New Net Profits (as defined in the 3D Capital Agreement) in the Partnership’s account for the respective trading program as of each calendar month end. “New Net Profits,” for the purpose of calculating 3D Capital’s incentive fee, is defined as 1) all realized gains and losses; plus 2) the change in value of open positions during the month; plus 3) interest earned in any account; minus 4) all commissions, transaction and other expenses incurred during the period, including the management fees and accounting fees. If New Net Profits for a month were negative, no incentive fee was generated and the negative amount constituted a “carryforward loss” for the beginning of the next month and was added to any carryforward loss since the last incentive fee was earned. 3D Capital did not earn additional incentive fees until New Net Profits generated since the last incentive fee was earned exceed the aggregate carryforward loss recognized since the last incentive fee was earned. The effect of this calculation prevented 3D Capital from earning incentive fees on the recoupment of prior losses.
	Revolution is entitled to a quarterly incentive fee of 20% of any New Net Total Return (as defined in the Revolution Agreement) in the Partnership’s account as of each calendar quarter end. “New Net Total Return”, for the purpose of calculating Revolution’s incentive fee, is computed using the formula: (1) the net of realized profits and loss during the period, plus (2) the change in unrealized profit and loss on open positions during the period, plus (3) accrued interest income, minus (4) all brokerage commissions, transaction fees, management fees and other charges incurred during the period and minus (5) cumulative net loss, if any, carried over from previous periods. Cumulative net loss shall be computed by totaling all net profit in each period (quarter or month) in which there was such a profit and subtracting from it all net loss in each period (quarter or month) in which there was such a loss, provided that the full cumulative net loss shall not be carried over where a withdrawal has occurred. Instead, a portion of the loss (calculated by dividing the withdrawn amount by the total under management and multiplying the result by the cumulative net loss) attributable to the withdrawn amount shall first be subtracted from the cumulative net loss.
	11
	There were no incentive fees earned by DPT or PJM for the years ended December 31, 2013 and 2012. Incentive fees earned by Willowbridge totaled $319,982 and $0 for the years ended December 31, 2013 and 2012, respectively. Incentive fees earned by QIM totaled $0 and $230,711 for the years ended December 31, 2013 and 2012, respectively. Incentive fees earned by Revolution totaled $32,329 for the year ended December 31, 2013. As of December 31, 2013, $32,329 was due to Revolution. Incentive fees earned by 3D Capital totaled $9,999 for the year ended December 31, 2013.
Management Fees	'
		H.	Management Fees
	The General Partner charges a management fee each beginning of month at 1/12 of 1% of the Partnership’s net assets (as defined in the Agreement) as of the beginning of the respective month. For the years ended December 31, 2013 and 2012, such fees amounted to $141,080 and $168,405, respectively.
	At December 31, 2012, $48,943 in management fees was due to the General Partner. Such due to the General Partner amount is reported net of brokerage commissions reimbursement due to the Partnership at December 31, 2012 (see Note 2.E.).
	In addition to the management fee paid to the General Partner, the Partnership pays to Willowbridge a quarterly trading advisor management fee of 0.25% (1% per year) of the Partnership’s trading assets allocated to Willowbridge. These fees amounted to $81,807 and $70,174 in 2013 and 2012, respectively. As of December 31, 2013 and 2012, $17,622 and $18,173, respectively, were due to Willowbridge. The Partnership paid PJM a monthly trading advisor management fee of 0.166% (2% per year) of the Partnership’s trading assets allocated to PJM. These fees amounted to $22,602 and $68,621 in 2013 and 2012, respectively. As of December 31, 2013 and 2012, $0 and $4,236, respectively, were due to PJM. The Partnership paid DPT a monthly trading advisor management fee of 0.083% (1% per year) of the Partnership’s trading assets allocated to DPT. These fees amounted to $1,130 and $15,199 in 2013 and 2012, respectively. As of December 31, 2013 and 2012, $0 and $1,137, respectively, were due to DPT. The Partnership pays 3D Capital a monthly trading advisor management fee of 0.125% (1.5% per year) of the Partnership’s trading assets allocated to 3D Capital. These fees amounted to $18,572 for the year ended December 31, 2013. As of December 31, 2013, $1,739 was due to 3D Capital. The Partnership pays Revolution a monthly trading advisor management fee of 0.083% (1% per year) of the Partnership’s trading assets allocated to Revolution. These fees amounted to $6,713 for the year ended December 31, 2013. As of December 31, 2013, $3,380 was due to Revolution. QIM is not paid a trading advisor management fee. The aggregate trading assets allocated to the Trading Advisors may exceed the net asset value of the Partnership, and accordingly management fees may exceed that which would be assessed based on net asset value.
Income Taxes	'
		I.	Income Taxes
	No provision for income taxes has been provided in the accompanying financial statements as each partner is individually liable for taxes, if any, on his or her share of the Partnership’s profits.
	The Partnership applies the provisions of Codification Topics 740, Income Taxes, which prescribe the minimum recognition threshold a tax position must meet in connection with accounting for uncertainties in income tax positions taken or expected to be taken by an entity before being measured and recognized in the financial statements. This accounting standard requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Partnership’s financial statements to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions with respect to tax at the Partnership level not deemed to meet the “more-likely-than-not” threshold would be recorded as an expense in the current year. The Partnership has elected an accounting policy to classify interest and penalties, if any, as interest expense. The General Partner has concluded there is no tax expense or interest expense related to uncertainties in income tax positions for the years ended December 31, 2013 and 2012.
	The Partnership files U.S. federal and state tax returns. The 2010 through 2013 tax years generally remain subject to examination by U.S. federal and most state authorities.
Subscriptions	'
		J.	Subscriptions
	Partnership units may be purchased on the first day of each month at the net asset value per unit determined on the last business day of the previous month. Partners’ contributions received in advance for subscriptions are recorded as prepaid subscriptions in the Statements of Financial Condition.
Redemptions	'
		K.	Redemptions
	Limited partners may redeem some or all of their units at net asset value per unit as of the last business day of each month with at least ten days written notice to the General Partner.
Foreign Currency Transactions	'
		L.	Foreign Currency Transactions
	The Partnership’s functional currency is the U.S. dollar; however, it transacts business in currencies other than the U.S. dollar. Assets and liabilities denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect at the date of the respective Statement of Financial Condition. Income and expense items denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect during the period. Realized gains resulting from the translation to U.S. dollars totaled $3,559 and $8,688 for the years ended December 31, 2013 and 2012, respectively, and are reported as a component of “Net realized gains on closed contracts” in the Statements of Income (Loss).
Recently Issued Accounting Pronouncements	'
		M.	Recently Issued Accounting Pronouncements
	In December 2011, the FASB issued Accounting Standards Update No. 2011-11 (“ASU 2011-11”), entitled Balance Sheet (Topic 210) – Disclosures about Offsetting Assets and Liabilities. ASU 2011-11 enhances current disclosures about financial instruments and derivative instruments that are either offset on the statement of financial condition or subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset on the statement of financial condition. Entities are required to provide both net and gross information for these assets and liabilities in order to facilitate comparability between financial statements prepared on the basis of U.S. GAAP and financial statements prepared in accordance with International Financial Reporting Standards. ASU 2011-11 is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods.
	In January 2013, the FASB issued Accounting Standards Update No. 2013-01, (“ASU 2013-01”) entitled Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which highlights the scope of transactions that are subject to the disclosures about offsetting. The standard clarifies that ordinary trade receivables and payables are not in the scope of ASU 2011-11, discussed above, but applies only to derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria contained in the Codification or subject to a master netting arrangement or similar agreement. The standard will enable users of financial statements to understand the effect that offsetting and related arrangements have on an entity’s financial position. ASU 2013-01 is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods, with required disclosures, presented retrospectively, for all comparative periods presented.
	The Partnership’s adoption of ASU 2011-11 and ASU 2013-01 had no material impact on the Partnership’s financial statements. See Note 4. Derivative Instruments for disclosures required pursuant to the Partnership’s adoption of ASU 2011-11 and ASU 2013-01.
	In June 2013, the FASB issued Accounting Standards Update No. 2013-08 (“ASU 2013-08”), entitled Financial Services – Investment Companies (Topic 946) – Amendments to the Scope, Measurement, and Disclosure Requirements. ASU 2013-08 changes the approach to assessing whether an entity is an investment company, clarifies the characteristics of an investment company and provides comprehensive guidance for assessing whether an entity is an investment company. In addition, ASU 2013-08 requires non-controlling ownership interests in other investment companies to be measured at fair value and requires additional disclosures about the investment company’s status as an investment company. ASU 2013-08 is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2013. The Partnership is currently evaluating the impact ASU 2013-08 will have; however, no material impact on the Partnership’s financial statements is anticipated.
Indemnifications	'
		N.	Indemnifications
	The Partnership has entered into agreements which provide for the indemnifications against losses, costs, claims and liabilities arising from the performance of its obligations under such agreements, except for gross negligence or bad faith. The Partnership’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Partnership that have not yet occurred. The Partnership generally expects the risk of loss from indemnification claims in the future to be remote.

2_SIGNIFICANT_ACCOUNTING_POLIC2

2. SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Brokerage Commissions	'
			2013		2012
		Class A	$	498,031	$	601,742
		Class B – Series 1		46,278		46,131
		Class B – Series 2		5,065		13,782
		Class B – Series 3		2,152		2,234
		Total
			$	551,526	$	663,889

3_FAIR_VALUE_Tables

3. FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Fair Value	'
		31-Dec-13
	Description	Level 1			Level 2		Level 3		Total
	Assets
	Futures contracts
	Commodities	$	$45,002		$	0	$	0	$	45,002
	Currencies		73,630			0		0		73,630
	Energy		27,240			0		0		27,240
	Financials		48,715			0		0		48,715
	Metals		196,666			0		0		196,666
	Stock indices		42,913			0		0		42,913
	Total futures contracts		434,166			0		0		434,166
	Money market mutual funds		9,774,207			0		0		9,774,207
	Total assets	$	10,208,373		$	0	$	0	$	10,208,373
	Liabilities
	Futures contracts
	Commodities	$	(13,195	)	$	0	$	0	$	(13,195	)
	Currencies		(785	)		0		0		(785	)
	Energy		(8,545	)		0		0		(8,545	)
	Financials		(673	)		0		0		(673	)
	Metals		(200,532	)		0		0		(200,532	)
	Stock indices		(338	)		0		0		(338	)
	Total futures contracts		(224,068	)		0				(224,068	)
	Total liabilities	$	(224,068	)	$	0	$	0	$	(224,068	)
		31-Dec-12
	Description	Level 1			Level 2		Level 3		Total
	Assets
	Futures contracts
	Commodities	$	111,640		$	0	$	0	$	111,640
	Currencies		229,560			0		0		229,560
	Energy		17,878			0		0		17,878
	Financials		72,645			0		0		72,645
	Metals		78,979			0		0		78,979
	Stock indices		18,540			0		0		18,540
	Total futures contracts		529,242			0				529,242
	Money market mutual funds		12,216,656			0				12,216,656
	Total assets	$	12,745,898		$	0	$	0	$	12,745,898
	Liabilities
	Futures contracts
	Commodities	$	(16,345	)	$	0	$	0	$	(16,345	)
	Currencies		(27,341	)		0		0		(27,341	)
	Energy		(781	)		0		0		(781	)
	Financials		(35,719	)		0		0		(35,719	)
	Metals		(143,395	)		0		0		(143,395	)
	Stock indices		(83,564	)		0		0		(83,564	)
	Total futures contracts		(307,145	)		0		0		(307,145	)
	Total liabilities	$	(307,145	)	$	0	$	0	$	(307,145	)

4_DERIVATIVE_INSTRUMENTS_Table

4. DERIVATIVE INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Fair value of the Partnership's derivative contracts	'
			Offsetting of Derivative Assets and Liabilities
			at December 31, 2013
						Gross Amounts			Net Amounts
						Offset in the			Presented in the
			Gross Amounts			Statement of			Statement of
			of Recognized			Financial			Financial
			Assets			Condition			Condition
		Assets
		Futures Contracts(1)
		ADM Investor Services, Inc.	$	226,694		$	(203,580	)	$	23,114
		Newedge USA, LLC		207,472			(20,488	)		186,984
		Total futures contracts	$	434,166		$	(224,068	)	$	210,098
						Goss Amounts			Net Amounts
						Offset in the			Presented in the
			Gross Amounts			Statement of			Statement of
			of Recognized			Financial			Financial
			Liabilities			Condition			Condition
		Liabilities
		Futures Contracts(1)
		ADM Investor Services, Inc.	$	(203,580	)	$	203,580		$	0
		Newedge USA, LLC		(20,488	)		20,488			0
		Total futures contracts	$	224,068		$	224,068		$	0
			Offsetting of Derivative Assets and Liabilities
				at December 31, 2012
						Gross Amounts			Net Amounts
						Offset in the			Presented in the
			Gross Amounts			Statement of			Statement of
			of Recognized			Financial			Financial
			Assets			Condition			Condition
		Assets
		Futures Contracts(1)
		ADM Investor Services, Inc.	$	88,112		$	(88,112	)	$	0
		Newedge USA, LLC		441,130			(176,783	)	$	264,347
		Total futures contracts	$	529,242		$	(264,895	)	$	264,347
						Gross Amounts			Net Amounts
						Offset in the			Presented in the
			Gross Amounts			Statement of			Statement of
			of Recognized			Financial			Financial
			Liabilities			Condition			Condition
		Liabilities
		Futures Contracts(1)
		ADM Investor Services, Inc.	$	(130,362	)	$	88,112		$	(42,250	)
		Newedge USA, LLC		(176,783	)		176,783			0
		Total futures contracts	$	(307,145	)	$	264,895		$	(42,250	)
Summary of Partnership's trading results and information	'
			For the Year ended December 31, 2013
						Change in						Number of
			Net Realized			Net Unrealized			Net Trading			Closed
		Futures contracts	Gains (Losses)			Gains (Losses)			Profits (Losses)			Contracts
		Commodities	$	(344,175	)	$	(63,488	)	$	(407,663	)		4,536
		Currencies		127,425			(129,374	)		(1,949	)		4,322
		Energy		(406,193	)		1,598			(404,595	)		2,290
		Financials		193,562			11,116			204,678			9,600
		Metals		212,332			60,550			272,882			2,606
		Stock indices		728,881			107,599			836,480			31,290
		Total futures contracts		511,832			(11,999	)		499,833			54,644
												Notional Value
												of Contracts
												Closed
		Forward currency contracts		(100	)		-			(100	)	$	117,377
		Total gain (loss) from
		derivatives trading	$	511,732		$	(11,999	)	$	499,733
			For the Year ended December 31, 2012
						Change in						Number of
			Net Realized			Net Unrealized			Net Trading			Closed
		Futures contracts	Gains (Losses)			Gains (Losses)			Profits (Losses)			Contracts
		Commodities	$	(320,798	)	$	101,952		$	(218,846	)		6,088
		Currencies		264,933			166,992			431,925			5,254
		Energy		579,000			(6,816	)		572,184			2,288
		Financials		(529,833	)		33,502			(496,331	)		13,432
		Metals		167,803			(202,285	)		(34,482	)		1,236
		Stock indices		702,813			(49,352	)		653,461			6,186
		Total gain from
		derivatives trading	$	863,918		$	43,993		$	907,911			34,484

5_FINANCIAL_HIGHLIGHTS_Tables

5. FINANCIAL HIGHLIGHTS (Tables)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Per unit operating performance data and other supplemental financial data	'
		Year ended December 31, 2013
					Class B			Class B			Class B
		Class A			Series 1			Series 2			Series 3
	Per Unit Operating Performance
	(for a Unit outstanding for the entire year)
	Net Asset Value, beginning of the year	$	7,163.68		$	951.25		$	727.56		$	938.33
	Profit (loss) from operations
	Net investment (loss)		(699.96	)		(84.51	)		(86.00	)		(100.38	)
	Net trading profit		257.14			34.73			27.43			33.55
	Net (loss)		(442.82	)		(49.78	)		(58.57	)		(66.83	)
	Net Asset Value, end of the year	$	6,720.86		$	901.47		$	668.99		$	871.5
	Total Return(1)		(6.18	)%		(5.23	)%		(8.05	)%		(7.12	)%
	Total Return excluding incentive fees(2)		(3.57	)%		(2.48	)%		(5.25	)%		(4.57	)%
	Supplemental Data
	Ratios to average net asset value
	Expenses prior to incentive fees		7.62	%		6.73	%		9.61	%		8.51	%
	Incentive fees		2.61	%		2.75	%		2.8	%		2.55	%
	Total expenses		10.23	%		9.48	%		12.41	%		11.06	%
	Net investment (loss)(3)		(7.57	)%		(6.68	)%		(9.56	)%		(8.46	)%
		Year ended December 31, 2012
					Class B			Class B			Class B
		Class A			Series 1			Series 2			Series 3
	Per Unit Operating Performance
	(for a Unit outstanding for the entire year)
	Net Asset Value, beginning of the year	$	7,396.24		$	972.34		$	766.42		$	978.55
	Profit (loss) from operations
	Net investment (loss)		(631.88	)		(74.01	)		(79.18	)		(92.56	)
	Net trading profit		399.32			52.92			40.32			52.34
	Net (loss)		(232.56	)		(21.09	)		(38.86	)		(40.22	)
	Net Asset Value, end of the year	$	7,163.68		$	951.25		$	727.56		$	938.33
	Total Return(1)		(3.14	)%		(2.17	)%		(5.07	)%		(4.11	) %
	Total Return excluding incentive fees(2)		(1.75	)%		(0.83	)%		(3.66	)%		(2.77	) %
	Supplemental Data
	Ratios to average net asset value
	Expenses prior to incentive fees		7.57	%		6.56	%		9.81	%		8.52	%
	Incentive fees		1.39	%		1.34	%		1.41	%		1.34	%
	Total expenses		8.96	%		7.9	%		11.22	%		9.86	%
	Net investment (loss)(3)		(7.46	)%		(6.45	)%		(9.70	)%		(8.41	)%

2_SIGNIFICANT_ACCOUNTING_POLIC3

2. SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Brokerage Commission	$551,526	$663,889
Class A [Member]	'	'
Brokerage Commission	498,031	601,742
Class B [Member] | Series 1 [Member]	'	'
Brokerage Commission	46,278	46,131
Class B [Member] | Series 2 [Member]	'	'
Brokerage Commission	5,065	13,782
Class B [Member] | Series 3 [Member]	'	'
Brokerage Commission	$2,152	$2,234

2_SIGNIFICANT_ACCOUNTING_POLIC4

2. SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Investments in money market mutual funds	$9,774,207	$12,216,656
Due from brokers	1,845,048	2,807,458
Trading commissions incurred by partnership	247,178	148,643
Due to General Partner	19,980	'
Due from the General Partner for reimbursement of brokerage commissions advance	17,557	28,963
Management fee expense earned by the General Partner	141,080	168,405
Managment fee due to General Partner	'	48,943
Gains/(losses) resulting from the translation to U.S. dollars	3,559	8,688
Willowbridge [Member]	'	'
Incentive fees earned	319,982	0
Trading advisor management fee	81,807	70,174
Management fees due to advisor	17,622	18,173
3D Capital [Member]	'	'
Incentive fees earned	9,999	'
Trading advisor management fee	18,572	'
Management fees due to advisor	1,739	'
QIM [Member]	'	'
Incentive fees earned	0	230,711
PJM [Member]	'	'
Incentive fees earned	0	0
Trading advisor management fee	22,602	68,621
Management fees due to advisor	0	4,236
DPT [Member]	'	'
Incentive fees earned	0	0
Trading advisor management fee	1,130	15,199
Management fees due to advisor	0	1,137
Revolution	'	'
Incentive fees earned	32,329	'
Incentive fee due trading advisors	32,329	'
Trading advisor management fee	6,713	'
Management fees due to advisor	$3,380	'

3_FAIR_VALUE_Details

3. FAIR VALUE (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Assets	$10,208,373	$12,745,898
Liabilities	-224,068	-307,145
Future Contracts [Member]	'	'
Assets	434,166	529,242
Liabilities	-224,068	-307,145
Money Market Mutual Funds [Member]	'	'
Assets	9,774,207	12,216,656
Commodities [Member]	'	'
Assets	45,002	111,640
Liabilities	-13,195	-16,345
Currencies [Member]	'	'
Assets	73,630	229,560
Liabilities	-785	-27,341
Energy [Member]	'	'
Assets	27,240	17,878
Liabilities	-8,545	-781
Financials	'	'
Assets	48,715	72,645
Liabilities	-673	-35,719
Metals [Member]	'	'
Assets	196,666	78,979
Liabilities	-200,532	-143,395
Stock Indices [Member]	'	'
Assets	42,913	18,540
Liabilities	-338	-83,564
Level 1 [Member]	'	'
Assets	10,208,373	12,745,898
Liabilities	-224,068	-307,145
Level 1 [Member] | Future Contracts [Member]	'	'
Assets	434,166	529,242
Liabilities	-224,068	-307,145
Level 1 [Member] | Money Market Mutual Funds [Member]	'	'
Assets	9,774,207	12,216,656
Liabilities	'	'
Level 1 [Member] | Commodities [Member]	'	'
Assets	45,002	111,640
Liabilities	-13,195	-16,345
Level 1 [Member] | Currencies [Member]	'	'
Assets	73,630	229,560
Liabilities	-785	-27,341
Level 1 [Member] | Energy [Member]	'	'
Assets	27,240	17,878
Liabilities	-8,545	-781
Level 1 [Member] | Financials	'	'
Assets	48,715	72,645
Liabilities	-673	-35,719
Level 1 [Member] | Metals [Member]	'	'
Assets	196,666	78,979
Liabilities	-200,532	-143,395
Level 1 [Member] | Stock Indices [Member]	'	'
Assets	42,913	18,540
Liabilities	($338)	($83,564)

4_DERIVATIVE_INSTRUMENTS_Detai

4. DERIVATIVE INSTRUMENTS (Details) (Futures Contracts [Member], USD $)	Dec. 31, 2013	Dec. 31, 2012
Gross Amounts of Recognized Assets	$434,166	$529,242
Gross Amounts Offset in the Statement of Financial Condition	-224,068	-264,895
Net Amounts Presented in the Statement of Financial Condition	210,098	264,347
Gross Amounts of Recognized Liabilities	224,068	-307,145
Gross Amounts Offset in the Statement of Financial Condition	224,068	264,895
Net Amounts Presented in the Statement of Financial Condition	0	-42,250
ADM Investor Services, Inc.	'	'
Gross Amounts of Recognized Assets	226,694	88,112
Gross Amounts Offset in the Statement of Financial Condition	-203,580	-88,112
Net Amounts Presented in the Statement of Financial Condition	23,114	0
Gross Amounts of Recognized Liabilities	-203,580	-130,362
Gross Amounts Offset in the Statement of Financial Condition	203,580	88,112
Net Amounts Presented in the Statement of Financial Condition	0	-42,250
Newedge USA, LLC	'	'
Gross Amounts of Recognized Assets	207,472	441,130
Gross Amounts Offset in the Statement of Financial Condition	-20,488	-176,783
Net Amounts Presented in the Statement of Financial Condition	186,984	264,347
Gross Amounts of Recognized Liabilities	-20,488	-176,783
Gross Amounts Offset in the Statement of Financial Condition	20,488	176,783
Net Amounts Presented in the Statement of Financial Condition	$0	$0

4_DERIVATIVE_INSTRUMENTS_Detai1

4. DERIVATIVE INSTRUMENTS (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
		Integer
Net Realized Gains (Losses)	$511,732	$863,918
Change in Net Unrealized Gains (Losses)	-11,999	43,993
Net Trading Profits (Losses)	499,733	907,911
Number of Closed Contracts	'	34,484
Futures contracts	'	'
Net Realized Gains (Losses)	511,832	'
Change in Net Unrealized Gains (Losses)	-11,999	'
Net Trading Profits (Losses)	499,833	'
Number of Closed Contracts	54,644	'
Commodities [Member]	'	'
Net Realized Gains (Losses)	-344,175	-320,798
Change in Net Unrealized Gains (Losses)	-63,488	101,952
Net Trading Profits (Losses)	-407,663	-218,846
Number of Closed Contracts	4,536	6,088
Currencies [Member]	'	'
Net Realized Gains (Losses)	127,425	264,933
Change in Net Unrealized Gains (Losses)	-129,374	166,992
Net Trading Profits (Losses)	-1,949	431,925
Number of Closed Contracts	4,322	5,254
Energy [Member]	'	'
Net Realized Gains (Losses)	-406,193	579,000
Change in Net Unrealized Gains (Losses)	1,598	-6,816
Net Trading Profits (Losses)	-404,595	572,184
Number of Closed Contracts	2,290	2,288
Financials [Member]	'	'
Net Realized Gains (Losses)	193,562	-529,833
Change in Net Unrealized Gains (Losses)	11,116	33,502
Net Trading Profits (Losses)	204,678	-496,331
Number of Closed Contracts	9,600	13,432
Metals [Member]	'	'
Net Realized Gains (Losses)	212,332	167,803
Change in Net Unrealized Gains (Losses)	60,550	-202,285
Net Trading Profits (Losses)	272,882	-34,482
Number of Closed Contracts	2,606	1,236
Stock Indices [Member]	'	'
Net Realized Gains (Losses)	728,881	702,813
Change in Net Unrealized Gains (Losses)	107,599	-49,352
Net Trading Profits (Losses)	836,480	653,461
Number of Closed Contracts	31,290	6,186
Forward currency contracts	'	'
Net Realized Gains (Losses)	-100	'
Change in Net Unrealized Gains (Losses)	0	'
Net Trading Profits (Losses)	-100	'
Notional value of contracts closed	$117,377	'

4_DERIVATIVE_INSTRUMENTS_Detai2

4. DERIVATIVE INSTRUMENTS (Details Narrative)	Dec. 31, 2013	Dec. 31, 2012
Notes to Financial Statements	'	'
Open contracts generally mature period	'90 days	'
Latest maturity dates for open contracts	'December 2014	'December 2013

5_FINANCIAL_HIGHLIGHTS_Details

5. FINANCIAL HIGHLIGHTS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Class A [Member]	'	'
Net Asset Value, beginning of the period	$7,163.68	$7,396.24
Profit (loss) from operations	'	'
Net investment (loss)	-699.96	-631.88
Net trading profit	257.14	399.32
Net (loss)	-442.82	-232.56
Net Asset Value, end of the period	6,720.86	7,163.68
Total Return	-6.18%	-3.14%
Total Return excluding incentive fees	-3.57%	-1.75%
Ratios to average net asset value	'	'
Expenses prior to incentive fees	7.62%	7.57%
Incentive fees	2.61%	1.39%
Total expenses	10.23%	8.96%
Net investment (loss)	-7.57%	-7.46%
Class B [Member] | Series 1 [Member]	'	'
Net Asset Value, beginning of the period	951.25	972.34
Profit (loss) from operations	'	'
Net investment (loss)	-84.51	-74.01
Net trading profit	34.73	52.92
Net (loss)	-49.78	-21.09
Net Asset Value, end of the period	901.47	951.25
Total Return	-5.23%	-2.17%
Total Return excluding incentive fees	-2.48%	-0.83%
Ratios to average net asset value	'	'
Expenses prior to incentive fees	6.73%	6.56%
Incentive fees	2.75%	1.34%
Total expenses	9.48%	7.90%
Net investment (loss)	-6.68%	-6.45%
Class B [Member] | Series 2 [Member]	'	'
Net Asset Value, beginning of the period	727.56	766.42
Profit (loss) from operations	'	'
Net investment (loss)	-86	-79.18
Net trading profit	27.43	40.32
Net (loss)	-58.57	-38.86
Net Asset Value, end of the period	668.99	727.56
Total Return	-8.05%	-5.07%
Total Return excluding incentive fees	-5.25%	-3.66%
Ratios to average net asset value	'	'
Expenses prior to incentive fees	9.61%	9.81%
Incentive fees	2.80%	1.41%
Total expenses	12.41%	11.22%
Net investment (loss)	-9.56%	-9.70%
Class B [Member] | Series 3 [Member]	'	'
Net Asset Value, beginning of the period	938.33	978.55
Profit (loss) from operations	'	'
Net investment (loss)	-100.38	-92.56
Net trading profit	33.55	52.34
Net (loss)	-66.83	-40.22
Net Asset Value, end of the period	$871.50	$938.33
Total Return	-7.12%	-4.11%
Total Return excluding incentive fees	-4.57%	-2.77%
Ratios to average net asset value	'	'
Expenses prior to incentive fees	8.51%	8.52%
Incentive fees	2.55%	1.34%
Total expenses	11.06%	9.86%
Net investment (loss)	-8.46%	-8.41%