Grant Park Futures Fund Limited Partnership 10-Q 16 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2016shares
Document and Entity Information
Entity Registrant Name	GRANT PARK FUTURES FUND LIMITED PARTNERSHIP
Entity Central Index Key	845,698
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	0
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Equity in brokers' trading accounts:
Cash	$ 35,910,146	$ 38,781,351
Total equity in brokers' trading accounts	36,266,594	40,536,387
Cash and cash equivalents	78,305,979	64,625,503
Securities owned, at fair value (cost $100,794,191 and $116,001,074, respectively)	101,090,570	116,297,654
Interest receivable, net	16,641	13,737
Total assets	215,679,784	221,473,281
Liabilities
Brokerage commission payable	1,105,825	1,158,521
Accrued incentive fees	254,511	674
Organization and offering costs payable	51,774	53,225
Accrued operating expenses	44,724	46,118
Redemptions payable to limited partners	5,104,483	6,479,904
Total liabilities	6,561,317	7,738,442
Partners' Capital (Net Asset Value)
Total partners' capital (net asset value)	209,118,467	213,734,839
Total liabilities and partners' capital (net asset value)	215,679,784	221,473,281
Class A
Partners' Capital (Net Asset Value)
General Partner	349,700	335,868
Limited Partners	10,728,025	10,663,559
Class B
Partners' Capital (Net Asset Value)
Limited Partners	119,783,163	120,817,860
Legacy 1 Class
Partners' Capital (Net Asset Value)
General Partner	898,398	858,478
Limited Partners	996,959	1,057,091
Legacy 2 Class
Partners' Capital (Net Asset Value)
General Partner	226,277	216,344
Limited Partners	390,376	423,853
Global 1 Class
Partners' Capital (Net Asset Value)
General Partner	1,179,626	1,122,622
Limited Partners	19,779,833	18,401,384
Global 2 Class
Partners' Capital (Net Asset Value)
General Partner	1,122,017	1,067,693
Limited Partners	2,619,556	2,805,404
Global 3 Class
Partners' Capital (Net Asset Value)
Limited Partners	51,044,537	55,964,683
Futures Contracts
Equity in brokers' trading accounts:
Net unrealized gain (loss) on open contracts	2,170,019	827,595
Forward Contracts
Equity in brokers' trading accounts:
Net unrealized gain (loss) on open contracts	80,142	(240,659)
Swap Contracts
Equity in brokers' trading accounts:
Net unrealized gain (loss) on open contracts	$ (1,893,713)	$ 1,168,100

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Securities owned, cost (in dollars)	$ 100,794,191	$ 116,001,074
Class A
General Partner, units outstanding	307.34	307.34
Limited Partners, units outstanding	9,428.67	9,757.99
Class B
Limited Partners, units outstanding	127,451.61	133,628.66
Legacy 1 Class
General Partner, units outstanding	1,025	1,025
Limited Partners, units outstanding	1,137.45	1,262.14
Legacy 2 Class
General Partner, units outstanding	263.13	263.13
Limited Partners, units outstanding	453.96	515.52
Global 1 Class
General Partner, units outstanding	1,372.89	1,372.89
Limited Partners, units outstanding	23,020.54	22,503.69
Global 2 Class
General Partner, units outstanding	1,329.58	1,329.58
Limited Partners, units outstanding	3,104.15	3,493.52
Global 3 Class
Limited Partners, units outstanding	68,319.49	78,419.57

Consolidated Condensed Schedule

Consolidated Condensed Schedule of Investments - USD ($)		Mar. 31, 2016		Dec. 31, 2015
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		48.34%		54.41%
Investments Owned, cost		$ 100,794,191		$ 116,001,074
Investments Owned, Fair Value		101,090,570		116,297,654
Open long contracts | Futures, Forward, and Swap Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ 1,885,026		$ (376,403)
Percent of Partners' Capital (Net Asset Value)		0.90%		(0.18%)
Open long contracts | Forward Contracts | Currencies
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 64,831		$ 7,642
Percent of Partners' Capital (Net Asset Value)	[1]	0.03%		0.00%
Open long contracts | Futures Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 3,713,908		$ (1,552,145)
Percent of Partners' Capital (Net Asset Value)	[1]	1.78%		(0.73%)
Open long contracts | Futures Contracts | U.S. Futures Positions
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 3,031,381		$ (632,461)
Open long contracts | Futures Contracts | U.S. Futures Positions | Agriculturals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 380,074		$ (186,020)
Percent of Partners' Capital (Net Asset Value)	[1]	0.18%		(0.09%)
Open long contracts | Futures Contracts | U.S. Futures Positions | Currencies
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 1,132,390		$ 97,771
Percent of Partners' Capital (Net Asset Value)	[1]	0.54%		0.05%
Open long contracts | Futures Contracts | U.S. Futures Positions | Energy
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (69,351)		$ 11,957
Percent of Partners' Capital (Net Asset Value)	[1]	(0.04%)		0.01%
Open long contracts | Futures Contracts | U.S. Futures Positions | Interest rates
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 767,864		$ (407,958)
Percent of Partners' Capital (Net Asset Value)	[1]	0.37%		(0.19%)
Open long contracts | Futures Contracts | U.S. Futures Positions | Meats
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (72,674)		$ (860)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.04%)		0.00%
Open long contracts | Futures Contracts | U.S. Futures Positions | Metals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (53,342)		$ (29,400)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.03%)		(0.01%)
Open long contracts | Futures Contracts | U.S. Futures Positions | Soft commodities
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (133,814)		$ (48,181)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.06%)		(0.02%)
Open long contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 1,080,234		$ (69,770)
Percent of Partners' Capital (Net Asset Value)	[1]	0.52%		(0.03%)
Open long contracts | Futures Contracts | Foreign Futures Positions
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 682,527		$ (919,684)
Open long contracts | Futures Contracts | Foreign Futures Positions | Agriculturals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 589		$ 29,425
Percent of Partners' Capital (Net Asset Value)	[1]	0.00%		0.01%
Open long contracts | Futures Contracts | Foreign Futures Positions | Energy
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (27,630)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.01%)		0.00%
Open long contracts | Futures Contracts | Foreign Futures Positions | Interest rates
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 680,359		$ (827,562)
Percent of Partners' Capital (Net Asset Value)	[1]	0.32%		(0.39%)
Open long contracts | Futures Contracts | Foreign Futures Positions | Metals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 5,125		$ (110,937)
Percent of Partners' Capital (Net Asset Value)	[1]	0.00%		(0.05%)
Open long contracts | Futures Contracts | Foreign Futures Positions | Soft commodities
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (3,243)		$ 161
Percent of Partners' Capital (Net Asset Value)	[1]	0.00%		0.00%
Open long contracts | Futures Contracts | Foreign Futures Positions | Stock indices
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 27,327		$ (10,771)
Percent of Partners' Capital (Net Asset Value)	[1]	0.01%		(0.01%)
Open long contracts | Swap Contracts | Swap - Deutsche Bank Total Return
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ (1,893,713)		$ 1,168,100
Percent of Partners' Capital (Net Asset Value)		(0.91%)		0.55%
Open short contracts | Futures, Forward, and Swap Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ (1,528,578)		$ 2,131,439
Percent of Partners' Capital (Net Asset Value)		(0.73%)		1.00%
Open short contracts | Forward Contracts | Currencies
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 15,311		$ (248,301)
Percent of Partners' Capital (Net Asset Value)	[1]	0.01%		(0.12%)
Open short contracts | Futures Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (1,543,889)		$ 2,379,740
Percent of Partners' Capital (Net Asset Value)	[1]	(0.74%)		1.12%
Open short contracts | Futures Contracts | U.S. Futures Positions
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (571,763)		$ 1,348,748
Open short contracts | Futures Contracts | U.S. Futures Positions | Agriculturals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 80,564		$ 660,432
Percent of Partners' Capital (Net Asset Value)	[1]	0.04%		0.31%
Open short contracts | Futures Contracts | U.S. Futures Positions | Currencies
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (527,016)		$ 1,000,158
Percent of Partners' Capital (Net Asset Value)	[1]	(0.25%)		0.46%
Open short contracts | Futures Contracts | U.S. Futures Positions | Energy
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 33,636		$ (227,645)
Percent of Partners' Capital (Net Asset Value)	[1]	0.02%		(0.11%)
Open short contracts | Futures Contracts | U.S. Futures Positions | Interest rates
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (313,191)		$ 78,618
Percent of Partners' Capital (Net Asset Value)	[1]	(0.15%)		0.04%
Open short contracts | Futures Contracts | U.S. Futures Positions | Meats
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (7,972)		$ (146,785)
Percent of Partners' Capital (Net Asset Value)	[1]	0.00%		(0.07%)
Open short contracts | Futures Contracts | U.S. Futures Positions | Metals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (3,083)		$ 156,442
Percent of Partners' Capital (Net Asset Value)	[1]	0.00%		0.07%
Open short contracts | Futures Contracts | U.S. Futures Positions | Soft commodities
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 105,031		$ (129,485)
Percent of Partners' Capital (Net Asset Value)	[1]	0.05%		(0.06%)
Open short contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 60,268		$ (42,987)
Percent of Partners' Capital (Net Asset Value)	[1]	0.03%		(0.02%)
Open short contracts | Futures Contracts | Foreign Futures Positions
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (972,126)		$ 1,030,992
Open short contracts | Futures Contracts | Foreign Futures Positions | Agriculturals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 1,144		$ 12,799
Percent of Partners' Capital (Net Asset Value)	[1]	0.00%		0.01%
Open short contracts | Futures Contracts | Foreign Futures Positions | Energy
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (40,478)		$ 1,041,906
Percent of Partners' Capital (Net Asset Value)	[1]	(0.02%)		0.49%
Open short contracts | Futures Contracts | Foreign Futures Positions | Interest rates
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (68,035)		$ (108,667)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.03%)		(0.05%)
Open short contracts | Futures Contracts | Foreign Futures Positions | Metals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (699,065)		$ 277,638
Percent of Partners' Capital (Net Asset Value)	[1]	(0.33%)		0.13%
Open short contracts | Futures Contracts | Foreign Futures Positions | Soft commodities
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 622		$ 5,103
Percent of Partners' Capital (Net Asset Value)	[1]	0.00%		0.00%
Open short contracts | Futures Contracts | Foreign Futures Positions | Stock indices
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (166,314)		$ (197,787)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.08%)		(0.09%)
Open short contracts | Swap Contracts | Swap - Deutsche Bank Total Return
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		0.00%		0.00%
Open contracts | Futures, Forward, and Swap Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ 356,448		$ 1,755,036
Percent of Partners' Capital (Net Asset Value)		0.17%		0.82%
Open contracts | Forward Contracts | Currencies
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 80,142		$ (240,659)
Percent of Partners' Capital (Net Asset Value)	[1]	0.04%		(0.12%)
Open contracts | Futures Contracts
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 2,170,019		$ 827,595
Percent of Partners' Capital (Net Asset Value)	[1]	1.04%		0.39%
Open contracts | Futures Contracts | U.S. Futures Positions
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 2,459,618		$ 716,287
Open contracts | Futures Contracts | U.S. Futures Positions | Agriculturals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 460,638		$ 474,412
Percent of Partners' Capital (Net Asset Value)	[1]	0.22%		0.22%
Open contracts | Futures Contracts | U.S. Futures Positions | Currencies
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 605,374		$ 1,097,929
Percent of Partners' Capital (Net Asset Value)	[1]	0.29%		0.51%
Open contracts | Futures Contracts | U.S. Futures Positions | Energy
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (35,715)		$ (215,688)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.02%)		(0.10%)
Open contracts | Futures Contracts | U.S. Futures Positions | Interest rates
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 454,673		$ (329,340)
Percent of Partners' Capital (Net Asset Value)	[1]	0.22%		(0.15%)
Open contracts | Futures Contracts | U.S. Futures Positions | Meats
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (80,646)		$ (147,645)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.04%)		(0.07%)
Open contracts | Futures Contracts | U.S. Futures Positions | Metals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (56,425)		$ 127,042
Percent of Partners' Capital (Net Asset Value)	[1]	(0.03%)		0.06%
Open contracts | Futures Contracts | U.S. Futures Positions | Soft commodities
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (28,783)		$ (177,666)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.01%)		(0.08%)
Open contracts | Futures Contracts | U.S. Futures Positions | Stock indices and single stock futures
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 1,140,502		$ (112,757)
Percent of Partners' Capital (Net Asset Value)	[1]	0.55%		(0.05%)
Open contracts | Futures Contracts | Foreign Futures Positions
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (289,599)		$ 111,308
Open contracts | Futures Contracts | Foreign Futures Positions | Agriculturals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 1,733		$ 42,224
Percent of Partners' Capital (Net Asset Value)	[1]	0.00%		0.02%
Open contracts | Futures Contracts | Foreign Futures Positions | Energy
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (68,108)		$ 1,041,906
Percent of Partners' Capital (Net Asset Value)	[1]	(0.03%)		0.49%
Open contracts | Futures Contracts | Foreign Futures Positions | Interest rates
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ 612,324		$ (936,229)
Percent of Partners' Capital (Net Asset Value)	[1]	0.29%		(0.44%)
Open contracts | Futures Contracts | Foreign Futures Positions | Metals
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (693,940)		$ 166,701
Percent of Partners' Capital (Net Asset Value)	[1]	(0.33%)		0.08%
Open contracts | Futures Contracts | Foreign Futures Positions | Soft commodities
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (2,621)		$ 5,264
Percent of Partners' Capital (Net Asset Value)	[1]	0.00%		0.00%
Open contracts | Futures Contracts | Foreign Futures Positions | Stock indices
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts	[1]	$ (138,987)		$ (208,558)
Percent of Partners' Capital (Net Asset Value)	[1]	(0.07%)		(0.10%)
Open contracts | Swap Contracts | Swap - Deutsche Bank Total Return
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Net unrealized gain/(loss) on open contracts		$ (1,893,713)		$ 1,168,100
Percent of Partners' Capital (Net Asset Value)		(0.91%)		0.55%
Securities owned | Commercial paper
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)				8.97%
Investments Owned, cost				$ 19,158,638
Investments Owned, Fair Value				$ 19,181,775
Securities owned | U.S. Government-sponsored enterprises
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		38.00%		38.59%
Investments Owned, cost		$ 79,232,550		$ 82,242,670
Investments Owned, Fair Value		$ 79,471,466		$ 82,472,451
Securities owned | Federal Farm Credit Banks | U.S. Government-sponsored enterprises
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		18.47%		18.06%
Investments Owned, Face Value		$ 38,500,000		$ 38,500,000
Investments Owned, Rate of Return Range Minimum		1.10%		1.10%
Investments Owned, Rate of Return Range Maximum		1.40%		1.40%
Investments Owned, Fair Value		$ 38,628,175		$ 38,605,179
Securities owned | Federal Home Loan Banks | U.S. Government-sponsored enterprises
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		19.53%		20.53%
Investments Owned, Face Value		$ 40,735,000		$ 43,735,000
Investments Owned, Rate of Return Range Minimum		1.10%		1.10%
Investments Owned, Rate of Return Range Maximum		1.50%		1.50%
Investments Owned, Fair Value		$ 40,843,291		$ 43,867,272
Securities owned | U.S. corporate bonds | Corporate Bonds
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		6.97%		6.85%
Investments Owned, cost		$ 14,524,481		$ 14,599,766
Investments Owned, Fair Value		$ 14,575,725		$ 14,643,428
Securities owned | Wachovia | Corporate Bonds
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		1.03%		1.03%
Investments Owned, Face Value		$ 2,000,000		$ 2,000,000
Investments Owned, Rate of Return		1.70%		1.70%
Investments Owned, Fair Value		$ 2,163,660		$ 2,211,634
Securities owned | Others | Corporate Bonds
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)	[3]	5.94%	[2]	5.82%
Investments Owned, Face Value	[3]	$ 12,284,000	[2]	$ 12,284,000
Investments Owned, Rate of Return Range Minimum	[3]	1.20%		1.20%
Investments Owned, Rate of Return Range Maximum	[3]	1.80%		1.80%
Investments Owned, Fair Value	[3]	$ 12,412,065	[2]	$ 12,431,794
Securities owned | Foreign commercial paper | Commercial paper
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)	[3]			1.87%
Investments Owned, Face Value	[3]			$ 4,010,000
Investments Owned, Rate of Return Range Minimum	[3]			0.50%
Investments Owned, Rate of Return Range Maximum	[3]			0.80%
Investments Owned, Fair Value	[3]			$ 4,008,509
Securities owned | U.S. commercial paper | Commercial paper
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		3.37%		7.10%
Investments Owned, cost		$ 7,037,160
Investments Owned, Fair Value		$ 7,043,379		$ 15,173,266
Securities owned | National Grid PLC | Commercial paper
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)				1.87%
Investments Owned, Face Value				$ 4,000,000
Investments Owned, Rate of Return				0.50%
Investments Owned, Fair Value				$ 3,999,320
Securities owned | Sempra Global | Commercial paper
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		1.67%
Investments Owned, Face Value		$ 3,500,000
Investments Owned, Rate of Return		1.10%
Investments Owned, Fair Value		$ 3,491,731
Securities owned | Others | Commercial paper
Unrealized gain/(loss), percent of partners' capital (net asset value), face value and fair value of Investments Owned
Percent of Partners' Capital (Net Asset Value)		1.70%	[2]	5.23%	[3]
Investments Owned, Face Value		$ 3,564,000	[2]	$ 11,180,000	[3]
Investments Owned, Rate of Return Range Minimum	[3]	1.00%		0.40%
Investments Owned, Rate of Return Range Maximum	[3]	1.10%		0.90%
Investments Owned, Fair Value		$ 3,551,648	[2]	$ 11,173,946	[3]
[1]	No individual futures and forward contract position constituted greater than 1 percent of partners’ capital (net asset value). Accordingly, the number of contracts and expiration dates are not presented.
[2]	No individual position constituted greater than 1 percent of partners' capital (net asset value).
[3]	No individual position constituted greater than 1 percent of partners' capital (net asset value).

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net gain (loss) from futures, forward, and swap trading
Net trading gains (losses)	$ 12,276,680	$ 15,670,805
Income
Interest income	351,959	349,733
Expenses from operations
Brokerage charge	2,771,816	3,958,848
Incentive fees	262,738	2,854,760
Organizational and offering costs	160,777	221,638
Operating expenses	138,814	191,386
Total expenses	3,334,145	7,226,632
Net investment loss	(2,982,186)	(6,876,899)
Net income	$ 9,294,494	$ 8,793,906
Class A
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	$ 45.01	$ 36.49
Class B
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	35.70	28.80
Legacy 1 Class
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	38.95	31.93
Legacy 2 Class
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	37.75	30.89
Global 1 Class
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	41.52	32.59
Global 2 Class
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	40.86	31.55
Global 3 Class
Net income (loss) per unit (based on weighted average number of units outstanding during the period) and increase (decrease) in net asset value per unit for the period:
General Partner & Limited Partner Units (in dollars per unit)	$ 33.49	$ 25.27
Futures Contracts
Net gain (loss) from futures, forward, and swap trading
Realized	$ 14,610,964	$ 21,735,994
Change in unrealized	1,342,424	(4,615,522)
Commissions	(817,715)	(1,146,241)
Net trading gains (losses)	15,135,673	15,974,231
Forward Contracts
Net gain (loss) from futures, forward, and swap trading
Realized	(116,827)	(43,760)
Change in unrealized	320,800	(257,589)
Commissions	(1,153)	(2,077)
Net trading gains (losses)	202,820	$ (303,426)
Swap Contracts
Net gain (loss) from futures, forward, and swap trading
Change in unrealized	(3,061,813)
Net trading gains (losses)	$ (3,061,813)

Consolidated Statements of Chan

Consolidated Statements of Changes in Partners' Capital (Net Asset Value) - USD ($)	Class AGeneral Partner	Class ALimited Partners	Class A	Class BLimited Partners	Class B	Legacy 1 ClassGeneral Partner	Legacy 1 ClassLimited Partners	Legacy 1 Class	Legacy 2 ClassGeneral Partner	Legacy 2 ClassLimited Partners	Legacy 2 Class	Global 1 ClassGeneral Partner	Global 1 ClassLimited Partners	Global 1 Class	Global 2 ClassGeneral Partner	Global 2 ClassLimited Partners	Global 2 Class	Global 3 ClassLimited Partners	Global 3 Class	Total
Partners' capital, (net asset value) at Dec. 31, 2014	$ 383,435					$ 958,529			$ 242,148			$ 1,253,774			$ 1,194,874
Partners' capital, (net asset value) (in units) at Dec. 31, 2014	307.34					1,025			263.13			1,372.89			1,329.58
Partners' capital, (net asset value) at Dec. 31, 2014		$ 15,127,238		$ 161,924,013			$ 1,685,836			$ 666,651			$ 8,407,766			$ 4,670,326		$ 102,014,598
Partners' capital, (net asset value) (in units) at Dec. 31, 2014		12,125.34		155,869.84			1,802.74			724.42			9,206.57			5,196.84		125,561.73
Partners' capital, (net asset value) at Dec. 31, 2014																				$ 298,529,188
Net asset value per unit at beginning of period (in dollars per unit) at Dec. 31, 2014			$ 1,247.57		$ 1,038.84			$ 935.15			$ 920.26			$ 913.24			$ 898.69		$ 812.47
Increase (Decrease) in Partners' Capital
Contributions													$ 6,686,019					$ 610,653		7,296,672
Contributions (in units)													7,243.58					735.49
Redemptions		$ (116,046)		$ (4,694,684)			$ (45,362)			$ (43,442)			$ (1,129,413)			$ (101,684)		$ (13,541,015)		(19,671,646)
Redemptions (in units)		(90.61)		(4,401.29)			(47.09)			(45.90)			(1,199.10)			(109.83)		(16,347.09)
Net income (loss)	$ 11,213	$ 442,051		$ 4,484,368		$ 32,726	$ 57,381		$ 8,129	$ 22,159		$ 44,750	$ 460,523		$ 41,960	$ 163,513		$ 3,025,133		8,793,906
Partners' capital, (net asset value) at Mar. 31, 2015	$ 394,648					$ 991,255			$ 250,277			$ 1,298,524			$ 1,236,834
Partners' capital, (net asset value) (in units) at Mar. 31, 2015	307.34					1,025			263.13			1,372.89			1,329.58
Partners' capital, (net asset value) at Mar. 31, 2015		$ 15,453,243		$ 161,713,697			$ 1,697,855			$ 645,368			$ 14,424,895			$ 4,732,155		$ 92,109,369
Partners' capital, (net asset value) (in units) at Mar. 31, 2015		12,034.73		151,468.55			1,755.65			678.52			15,251.05			5,087.01		109,950.13
Partners' capital, (net asset value) at Mar. 31, 2015																				294,948,120
Net asset value per unit at end of period (in dollars per unit) at Mar. 31, 2015			$ 1,284.06		$ 1,067.64			$ 967.08			$ 951.15			$ 945.83			$ 930.24		$ 837.74
Partners' capital, (net asset value) at Dec. 31, 2015	$ 335,868		$ 335,868			$ 858,478		$ 858,478	$ 216,344		$ 216,344	$ 1,122,622		$ 1,122,622	$ 1,067,693		$ 1,067,693
Partners' capital, (net asset value) (in units) at Dec. 31, 2015	307.34		307.34			1,025		1,025	263.13		263.13	1,372.890		1,372.89	1,329.580		1,329.58
Partners' capital, (net asset value) at Dec. 31, 2015		$ 10,663,559	$ 10,663,559	$ 120,817,860	$ 120,817,860		$ 1,057,091	$ 1,057,091		$ 423,853	$ 423,853		$ 18,401,384	$ 18,401,384		$ 2,805,404	$ 2,805,404	$ 55,964,683	$ 55,964,683
Partners' capital, (net asset value) (in units) at Dec. 31, 2015		9,757.99	9,757.99	133,628.66	133,628.66		1,262.14	1,262.14		515.52	515.52		22,503.690	22,503.69		3,493.520	3,493.52	78,419.570	78,419.57
Partners' capital, (net asset value) at Dec. 31, 2015																				213,734,839
Net asset value per unit at beginning of period (in dollars per unit) at Dec. 31, 2015			$ 1,092.80		$ 904.13			$ 837.54			$ 822.19			$ 817.71			$ 803.03		$ 713.66
Increase (Decrease) in Partners' Capital
Contributions													$ 3,027,512							3,027,512
Contributions (in units)													3,551.610
Redemptions		$ (378,174)		$ (5,879,454)			$ (112,216)			$ (52,938)			$ (2,631,326)			$ (327,736)		$ (7,556,534)		(16,938,378)
Redemptions (in units)		(329.32)		(6,177.05)			(124.69)			(61.56)			(3,034.760)			(389.370)		(10,100.080)
Net income (loss)	$ 13,832	$ 442,640		$ 4,844,757		$ 39,920	$ 52,084		$ 9,933	$ 19,461		$ 57,004	$ 982,263		$ 54,324	$ 141,888		$ 2,636,388		9,294,494
Partners' capital, (net asset value) at Mar. 31, 2016	$ 349,700		$ 349,700			$ 898,398		$ 898,398	$ 226,277		$ 226,277	$ 1,179,626		$ 1,179,626	$ 1,122,017		$ 1,122,017
Partners' capital, (net asset value) (in units) at Mar. 31, 2016	307.34		307.34			1,025		1,025	263.13		263.13	1,372.890		1,372.89	1,329.580		1,329.58
Partners' capital, (net asset value) at Mar. 31, 2016		$ 10,728,025	$ 10,728,025	$ 119,783,163	$ 119,783,163		$ 996,959	$ 996,959		$ 390,376	$ 390,376		$ 19,779,833	$ 19,779,833		$ 2,619,556	$ 2,619,556	$ 51,044,537	$ 51,044,537
Partners' capital, (net asset value) (in units) at Mar. 31, 2016		9,428.67	9,428.67	127,451.61	127,451.61		1,137.45	1,137.45		453.96	453.96		23,020.540	23,020.54		3,104.150	3,104.15	68,319.490	68,319.49
Partners' capital, (net asset value) at Mar. 31, 2016																				$ 209,118,467
Net asset value per unit at end of period (in dollars per unit) at Mar. 31, 2016			$ 1,137.81		$ 939.83			$ 876.49			$ 859.94			$ 859.23			$ 843.89		$ 747.15

Nature of Business and Signific

Nature of Business and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Nature of Business and Significant Accounting Policies
Nature of Business and Significant Accounting Policies	Note 1. Nature of Business and Significant Accounting Policies Nature of business: Grant Park Futures Fund Limited Partnership (the “Partnership”) was organized as a limited partnership under Illinois law in August 1988 and will continue until December 31, 2027, unless terminated sooner as provided for in its Limited Partnership Agreement. As a commodity investment pool, the Partnership is subject to the regulations of the Commodity Futures Trading Commission (“CFTC”), an agency of the United States (U.S.) government which regulates most aspects of the commodity futures industry; rules of the National Futures Association, an industry self-regulatory organization; and the requirements of the various commodity exchanges where the Partnership executes transactions. Additionally, the Partnership is subject to the requirements of futures commission merchants (“FCMs”) and interbank and other market makers through which the Partnership trades. The Partnership is a registrant with the Securities and Exchange Commission (“SEC”), and, accordingly is subject to the regulatory requirements under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The Partnership engages in the speculative trading of futures and forward contracts for commodities, financial instruments or currencies, any rights pertaining thereto and any options thereon, or on physical commodities, equities, listed options, swap transactions and broad based exchange-traded funds. The Partnership may also engage in hedge, arbitrage and cash trading of commodities and futures. The Partnership is a multi-advisor commodity pool that invests the assets of each class of the Partnership in the Partnership’s subsidiary limited liability trading companies (each, a “Trading Company” and collectively, the “Trading Companies”) which (i) enter into advisory agreements with the independent commodity trading advisors retained by the general partner; (ii) enter into swap transactions or derivative instruments tied to the performance of such trading advisors; and/or (iii) allocate assets to the Partnership’s cash management trading company. The Partnership’s general partner, commodity pool operator and sponsor is Dearborn Capital Management, L.L.C. (“the General Partner”), an Illinois limited liability company. The Trading Companies were set up to, among other things, segregate risk by commodity trading advisor. Effectively, this structure isolates one trading advisor from another and any losses from one Trading Company will not carry over to the other Trading Companies. The following is a list of the Trading Companies, for which the Partnership is the sole member and all of which were organized as Delaware limited liability companies: GP 1, LLC (“GP 1”) GP 5, LLC (“GP 5”) GP 9, LLC (“GP 9”) GP 15, LLC (“GP 15”) GP 3, LLC (“GP 3”) GP 6, LLC (“GP 6”) GP 11, LLC (“GP 11”) GP 17, LLC (“GP 17”) GP 4, LLC (“GP 4”) GP 8, LLC (“GP 8”) GP 14, LLC (“GP 14”) GP 18, LLC (“GP 18”) There were no assets allocated to GP 3, GP 6 and GP 15 as of March 31, 2016 and December 31, 2015. Additionally, GP Cash Management, LLC (“GP Cash Management”) was created as a Delaware limited liability company to collectively manage and invest excess cash not required to be held at clearing brokers. The members of GP Cash Management are the Trading Companies. Classes of interests: The Partnership has seven classes of limited partner interests (each, a “Class” and collectively, the “Interests”), Class A, Class B, Legacy 1 Class, Legacy 2 Class, Global Alternative Markets 1 (“Global 1”) Class, Global Alternative Markets 2 (“Global 2”) Class and Global Alternative Markets 3 (“Global 3”) Class units. The Class A and Class B units are outstanding but are no longer offered by the Partnership. Both Class A and Class B units are traded pursuant to identical trading programs and differ only in respect to the brokerage charge payable to the General Partner. The Legacy 1 Class and Legacy 2 Class units are traded pursuant to trading programs pursuing a technical trend trading philosophy, which is the same trading philosophy used for the Class A and Class B units. The Legacy 1 Class and Legacy 2 Class units differ in respect to the General Partner’s brokerage charge and organization and offering costs. The Legacy 1 Class and Legacy 2 Class units are offered only to investors who are represented by approved selling agents who are directly compensated by the investor for services rendered in connection with an investment in the Partnership (such arrangements commonly referred to as “wrap-accounts”). The Global 1 Class, Global 2 Class and Global 3 Class units are traded pursuant to trading programs pursuing technical trend trading philosophies. The Global 1 Class, Global 2 Class and Global 3 Class units differ in respect to the General Partner’s brokerage charge. The Global 1 Class and Global 2 Class units are offered only to investors in wrap accounts. The Partnership’s significant accounting policies are as follows: Accounting Principles: Pursuant to rules and regulations of the SEC, audited consolidated financial statements of the Partnership are prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). The Partnership is an investment company and follows accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services – Investment Companies . Consolidation: The Partnership is the sole member of each of the Trading Companies. The Trading Companies, in turn, are the only members of GP Cash Management. The Partnership presents consolidated financial statements, which include the accounts of the Trading Companies and GP Cash Management. All material inter-company accounts and transactions are eliminated in consolidation. Use of estimates: 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 revenue and expenses during the reporting period. Actual results could differ from those estimates. Cash and cash equivalents: Cash and cash equivalents may include cash, overnight investments, commercial paper, U.S. treasury bills and short-term investments in interest-bearing demand deposits with banks and cash managers with original maturities of three months or less at the date of acquisition. Valuation of investments: All investments are used for trading purposes and recorded at their estimated fair value, as described in Note 2. Substantially all of the Partnership’s assets and liabilities are considered financial instruments and are recorded at fair value or at carrying amounts that approximate fair value because of the short maturity of the instruments. Investment transactions, investment income and expenses: Futures contracts, forward contracts and options on futures and forward contracts are recorded on a trade date basis and realized gains or losses are recognized when contracts/positions are liquidated. Unrealized gains or losses on open contracts/positions (the difference between contract trade price and market price) or securities are reported in the consolidated statement of financial condition as a net unrealized gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with FASB ASC 210-20, Balance Sheet, Offsetting . Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statement of operations. Interest income and expense is recognized under the accrual basis. Set forth in Note 10 are instruments and transactions eligible for offset in the consolidated statement of financial condition and which are subject to derivative clearing agreements with the Partnership’s clearing brokers. Each clearing broker nets margin held on behalf of the Partnership or payment obligations of the clearing broker to the Partnership against any payment obligations of the Partnership to the clearing broker. The Partnership is required to deposit margin at each clearing broker to meet the original and maintenance requirements established by that clearing broker, and/or the exchange or clearinghouse associated with the exchange on which the instrument is traded. The derivative clearing agreements give each clearing broker a security interest in this margin to secure any liabilities owed to the clearing broker arising from a default by the Partnership. Commissions: Commissions and other trading fees are expensed when contracts are opened and closed, and are reflected separately in the consolidated statement of operations. Redemptions payable: Pursuant to the provisions of FASB ASC 480, Distinguishing Liabilities from Equity , redemptions approved by the General Partner prior to month end with a fixed effective date and fixed amount are recorded as redemptions payable as of month end. Income taxes: No provision for income taxes has been made in these consolidated financial statements as each partner is individually responsible for reporting income or loss based on its respective share of the Partnership’s income and expenses as reported for income tax purposes. The Partnership follows the provisions of ASC 740, Income Taxes . FASB guidance requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Partnership’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained “when challenged” or “when examined” by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense and liability in the current year. If a tax position does not meet the minimum statutory threshold to avoid payment of penalties, an expense for the amount of the statutory penalty and interest, if applicable, shall be recognized in the consolidated statement of operations in the period in which the position is claimed or expected to be claimed. As of March 31, 2016, management has determined that there are no material uncertain income tax positions and, accordingly, has not recorded a liability. The Partnership is generally not subject to examination by U.S. federal or state taxing authorities for tax years before 2013. Organization and offering costs: All expenses incurred in connection with the organization and the ongoing public offering of partnership interests are paid by the General Partner and are reimbursed to the General Partner by the Partnership. This reimbursement is made monthly. In its discretion, the General Partner may require the Partnership to reimburse the General Partner in any subsequent calendar year for amounts that exceed the limits in Note 5 in any calendar year, provided that the maximum amount reimbursed by the Partnership will not exceed the overall limit. Amounts reimbursed by the Partnership with respect to ongoing public offering expenses are charged to expense from operations at the time of reimbursement or accrual. Any amounts reimbursed by the Partnership with respect to organizational expenses are expensed at the time the reimbursement is incurred or accrued. If the Partnership terminates prior to completion of payment of the calculated amounts to the General Partner, the General Partner will not be entitled to any additional payments, and the Partnership will have no further obligation to the General Partner. At March 31, 2016 and December 31, 2015, all organization and offering costs incurred by the General Partner have been reimbursed. 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 consolidated 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. Gains and losses resulting from the translation to U.S. dollars are reported in income currently. The Partnership does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized or unrealized gain or loss from investments. Swap contracts: Certain Trading Companies of the Partnership strategically allocate a portion or all of their assets to total return swaps selected at the direction of the General Partner. A swap is a bilaterally negotiated agreement between two parties to exchange cash flows based upon an asset, rate or some other reference index. In a typical swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of commodities or other investments representing a particular index. Changes in the value of the swap agreement are recognized as unrealized gains or losses in the consolidated statement of operations by marking to market on a daily basis to reflect the value of the swap agreement at the end of each day as reported by the swap counterparty. Realized gains and losses from a decrease in the notional value of the swap are recognized on trade date. A liquidation payment received or made at the termination of the swap agreement will first be offset against the swap balance outstanding at the time the position is liquidated, with the remainder being recorded as a realized gain or loss in the consolidated statement of operations. Through its Trading Companies the Partnership has entered into a total return swap with Deutsche Bank AG. The Partnership maintains cash as collateral to secure its obligations under the swap. As of March 31, 2016 and December 31, 2015, the notional value of the swap was $24,638,617 and $20,000,000 , respectively, and the cash margin balance was $6,000,000 and $4,000,000 , respectively. The swap was effective July 1, 2015 and has a term of five years. Statement of cash flows: The Partnership has elected not to provide statements of cash flows as permitted by FASB ASC 230, Statement of Cash Flows . The Partnership noted that as of and for the period ended March 31, 2016 and 2015, substantially all investments were highly liquid, all investments are carried at fair value, the Partnership carried no debt, and the statements of changes in partners’ capital (net asset value) is presented. Reclassification: Certain amounts in the 2015 consolidated financial statements have been reclassified to conform with the 2016 presentation. Recent accounting pronouncements: In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810) containing guidance for reporting entities that are required to evaluate whether they should consolidate certain legal entities. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The Partnership adopted ASU 2015-02 as of January 1, 2016 and the adoption did not have a material impact on its consolidated financial statements. In August 2014, the FASB issued ASU 2014-15 – Presentation of Financial Statement – Going Concern (Subtopic 205-40) containing guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and about related footnote disclosures. The guidance is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. The Partnership is currently evaluating the impact this pronouncement would have on its consolidated financial statements. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) – Deferral of Effective Date, which defers the effective date of ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The amendments in ASU 2014-09 affect any entity that enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. In March 2016 and April 2016, the FASB issued ASU 2016-08 Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) and ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, respectively . The amendments in these updates affect entities with transactions included within the scope of Topic 606. The scope of that Topic includes entities that enter into contracts with customers to transfer goods or services (that are an output of the entity’s ordinary activities) in exchange for consideration. The guidance is effective for annual reporting periods beginning after December 15, 2017. The Partnership is currently evaluating the impact these pronouncements would have on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01 Financial Instruments – Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Liabilities. The amendments in this update affect all entities that hold financial assets or owe financial liabilities. The guidance is effective for fiscal years beginning after December 15, 2017. The Partnership is currently evaluating the impact this pronouncement would have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-05 Derivatives and Hedging (Topic 815) Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships. The amendments in this update apply to all reporting entities for which there is a change in the counterparty to a derivative instrument that has been designated as a hedging instrument under Topic 815. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods with those fiscal years. The adoption of ASU 2016-05 is not expected to have an impact on the Partnership’s consolidated financial statements.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Measurements
Fair Value Measurements	Note 2. Fair Value Measurements As described in Note 1, the Partnership follows the provisions of FASB ASC 820, Fair Value Measurements and Disclosures . FASB ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and sets out a fair value hierarchy. The Partnership utilizes valuation techniques to maximize the use of observable inputs and minimize the use of unobservable inputs. Assets and liabilities recorded at fair value are categorized within the fair value hierarchy based upon the level of judgment associated with the inputs used to measure their value. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Inputs are broadly defined as assumptions market participants would use in pricing an asset or liability. The three levels of the fair value hierarchy are described below: Level 1. Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2. Inputs other than quoted prices within Level 1 that are observable for the asset or liability, either directly or indirectly. A significant adjustment to a Level 2 input could result in the Level 2 measurement becoming a Level 3 measurement. Level 3. Inputs that are unobservable for the asset or liability. The Partnership does not have any assets classified as Level 3. The following section describes the valuation techniques used by the Partnership to measure different financial instruments at fair value and includes the level within the fair value hierarchy in which the financial instrument is categorized. Fair value of exchange-traded futures contracts and options on futures contracts are based upon exchange settlement prices as of the last business day of the reporting period. These financial instruments are classified in Level 1 of the fair value hierarchy. The Partnership values forward contracts and options on forward contracts based on the average bid and ask price of quoted forward spot prices obtained as of the last business day of the reporting period, and forward contracts and options on forward contracts are classified in Level 2 of the fair value hierarchy. The Partnership values bank deposits, which consist of interest bearing demand deposits and are included in cash and cash equivalents in the statements of financial condition, at face value plus accrued interest, which approximates fair value based on prevailing interest rates, and these financial instruments are classified in Level 1 of the fair value hierarchy. U.S. Government securities, U.S. Government-sponsored enterprise securities and commercial paper are stated at cost plus accrued interest, which approximates fair value based on quoted market prices in an active market. The Partnership compares market prices quoted by dealers to the cost plus accrued interest to ensure a reasonable approximation of fair value. These securities are classified in Level 2 of the fair value hierarchy. The Partnership values corporate bonds at cost plus accrued interest, which approximates fair value. Corporate bonds purchased are of a high credit quality and have observable market price quotations. The fair value of corporate bonds is evaluated considering market prices of the issuer quoted by dealers. Corporate bonds are classified in Level 2 of the fair value hierarchy. The investment in the total return swap is reported at fair value based on daily price reporting from the swap counterparty. The Partnership’s swap transaction is a two-party contract entered into primarily to exchange the returns earned or realized on particular pre-determined investments or instruments. The gross returns to be exchanged or swapped between parties are calculated with respect to a notional amount. The total return swap has inputs which are transparent and can generally be corroborated by market data and therefore is classified within Level 2 of the fair value hierarchy. The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2016: Assets Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ $ — $ — $ Forward currency contracts — — Swap contracts — — Cash and cash equivalents Bank deposits — — Foreign commercial paper — — U.S. commercial paper — — Securities owned U.S. commercial paper — — U.S. Government-sponsored — — U.S. corporate bonds — — Total $ $ $ — $ The gross presentation of the fair value of the Partnership’s derivatives by contract type is shown in Note 10. See the consolidated condensed schedule of investments for detail by sector. The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2015: Assets Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ $ — $ — $ Forward currency contracts — — Swap contracts — — Cash and cash equivalents Bank deposits — — Foreign commercial paper — — U.S. commercial paper — — Securities owned Foreign commercial paper — — U.S. commercial paper — — U.S. Government-sponsored — — U.S. corporate bonds — — Total $ $ $ — $ The gross presentation of the fair value of the Partnership’s derivatives by contract type is shown in Note 10. See the consolidated condensed schedule of investments for detail by sector. The Partnership assesses the level of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Partnership’s accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. There were no transfers among Levels 1, 2, and 3 during the three months ended March 31, 2016 and year ended December 31, 2015.

Deposits with Brokers and Inter

Deposits with Brokers and Interbank Market Makers	3 Months Ended
	Mar. 31, 2016
Deposits with Brokers and Interbank Market Makers
Deposits with Brokers and Interbank Market Makers	Note 3. Deposits with Brokers and Interbank Market Makers The Partnership, through the Trading Companies, deposits assets with E D & F Man Capital Markets Inc., UBS Securities LLC and SG Americas Securities, LLC, formerly Newedge USA, LLC, subject to CFTC regulations and various exchange and broker requirements. Margin requirements may be satisfied by the deposit of U.S. Treasury bills, Government- sponsored enterprise securities and/or cash with such clearing brokers. The Partnership may earn interest income on its assets deposited with the clearing brokers. The Partnership, through the Trading Companies, has entered into a relationship with Deutsche Bank AG, Sociètè Gènèrale Newedge UK Limited and UBS AG for the clearing of its OTC foreign currency transactions and with Deutsche Bank AG for its swap transactions. The Partnership has entered into an International Swaps and Derivatives Association, Inc. master agreement with Deutsche Bank AG, Sociètè Gènèrale Newedge UK Limited and UBS AG. Margin requirements may be satisfied by the deposit of U.S. Treasury bills and/or cash with such interbank market makers or swap counterparties. The Partnership may earn interest income on its assets deposited with the interbank market makers.

Commodity Trading Advisors

Commodity Trading Advisors	3 Months Ended
	Mar. 31, 2016
Commodity Trading Advisors
Commodity Trading Advisors	Note 4. Commodity Trading Advisors The Partnership, through the Trading Companies, allocates assets to the commodity trading advisors or through swap transactions based on reference programs of such advisors. Each trading advisor that receives a direct allocation from the Partnership has entered into an advisory contract with the Partnership. The commodity trading advisors are Amplitude Capital International Limited (“Amplitude”), EMC Capital Advisors, LLC (“EMC”), H2O Asset Management, LLP (“H2O”), Lynx Asset Management AB (“Lynx”), Quantica Capital AG (“Quantica”), Rabar Market Research, Inc. (“Rabar”), Revolution Capital Management, LLC (“RCM”), Transtrend B.V.(“Transtrend”), and Winton Capital Management Limited (“Winton”) (collectively, the “Advisors”). The Advisors are paid a consulting fee, either monthly or quarterly, directly or through swap transactions, ranging from 0 percent to 2 percent per annum of the Partnership’s month-end allocated net assets and a quarterly or semi-annual incentive fee, directly or through swap transactions, ranging from 20 percent to 24.5 percent of the new trading profits on the allocated net assets of the Advisor.

General Partner and Related Par

General Partner and Related Party Transactions	3 Months Ended
	Mar. 31, 2016
General Partner and Related Party Transactions
General Partner and Related Party Transactions	Note 5. General Partner and Related Party Transactions The General Partner shall at all times, so long as it remains a general partner of the Partnership, own Units in the Partnership: (i) in an amount sufficient, in the opinion of counsel for the Partnership, for the Partnership to be taxed as a partnership rather than as an association taxable as a corporation; and (ii) during such time as the Units are registered for sale to the public, in an amount at least equal to the greater of: (a) 1 percent of all capital contributions of all Partners to the Partnership; or (b) $25,000; or such other amount satisfying the requirements then imposed by the North American Securities Administrators Association, Inc. (NASAA) Guidelines. Further, during such time as the Units are registered for sale to the public, the General Partner shall, so long as it remains a general partner of the Partnership, maintain a net worth (as such term may be defined in the NASAA Guidelines) at least equal to the greater of: (i) 5 percent of the total capital contributions of all partners and all limited partnerships to which it is a general partner (including the Partnership) plus 5 percent of the Units being offered for sale in the Partnership; or (ii) $50,000; or such other amount satisfying the requirements then imposed by the NASAA Guidelines. In no event, however, shall the General Partner be required to maintain a net worth in excess of $1,000,000 or such other maximum amount satisfying the requirements then imposed by the NASAA Guidelines. Ten percent of the General Partners limited partnership interest in the Partnership is characterized as a general partnership interest. Notwithstanding, the general partnership interest will continue to pay all fees associated with a limited partnership interest. The Partnership pays the General Partner a monthly brokerage charge, organization and offering costs and operating expenses as presented in the table below: Organization and Offering Brokerage charge* Reimbursement* Operating Expense* Class A units % % % Class B units % % % Legacy 1 Class units % % % Legacy 2 Class units % % % Global 1 Class units % % % Global 2 Class units % % % Global 3 Class units % % % *The fees are calculated and payable monthly on the basis of month-end adjusted net assets. “Adjusted net assets” is defined as the month-end net assets of the particular class before accruals for fees and expenses and redemptions. Included in the total brokerage charge are amounts paid to the clearing brokers for execution and clearing costs, which are reflected in the commissions line of the consolidated statements of operations, and the remaining amounts are management fees paid to the Advisors, compensation to the selling agents and an amount to the General Partner for management services rendered, which are reflected in the brokerage charge line on the consolidated statements of operations. The brokerage charge in the amount of $2,771,816 and $3,958,848 for the three months ended March 31, 2016 and 2015, respectively, is shown on the consolidated statements of operations. Transaction costs and consulting fees are taken into account in determining the net amount the Partnership receives or pays in connection with swap transactions, but such costs or fees are not directly charged to the Partnership or any of its trading companies. The general partner will reduce (but not below zero) the brokerage charge by the amount of such costs and fees. Each class of units pays a fee to a counterparty in respect of any swap transaction of up to 0.50% of the notional amount of such swap transaction. Ongoing organization and offering costs of the Partnership are paid for by the General Partner and reimbursed by the Partnership. The organization and offering costs in the amounts of $160,777 and $221,638 for the three months ended March 31, 2016, and 2015, respectively, are shown on the consolidated statement of operations. Operating expenses of the Partnership are paid for by the General Partner and reimbursed by the Partnership. To the extent operating expenses are less than 0.25 percent of the Partnership’s average month-end net assets during the year, the difference may be reimbursed pro rata to record-holders as of December 31 of each year. The operating expenses in the amounts of $138,814 and $191,386 for the three months ended March 31, 2016 and 2015, respectively, are shown on the consolidated statement of operations. An entity owned in part and controlled by Mr. Kavanagh, who indirectly controls and is president of Dearborn Capital Management, L.L.C., the general partner of the Partnership, and in part by Mr. Al Rayes, who is a principal of the general partner, and an entity owned in part and controlled by Mr. Meehan, the chief operating officer of the general partner, purchased a minority ownership interest in EMC, which is one of the commodity trading advisors of the Partnership. The general partner, on behalf of the Partnership, pays EMC a quarterly consulting fee and a quarterly incentive fee based on new trading profits, if any, achieved on EMC’s allocated net assets at the end of each period. For the three months ended March 31, 2016 and 2015, EMC was paid approximately $140,300 and $126,000 , respectively, in consulting fees and $40,800 and $55,300 , respectively, in incentive fees.

Subscriptions, Redemptions and

Subscriptions, Redemptions and Allocation of Net Income or Loss	3 Months Ended
	Mar. 31, 2016
Subscriptions, Redemptions and Allocation of Net Income or Loss
Subscriptions, Redemptions and Allocation of Net Income or Loss	Note 6. Subscriptions, Redemptions and Allocation of Net Income or Loss Subscriptions received in advance, if any, represent cash received prior to March 31 for contributions of the subsequent month and do not participate in earnings of the Partnership until the following April. Class A, Class B, Legacy 1 Class, Legacy 2 Class, Global 1 Class, Global 2 Class and Global 3 Class Limited Partners have the right to redeem units as of any month-end upon ten (10) days’ prior written notice to the Partnership. The General Partner, however, may permit earlier redemptions in its discretion. Legacy 1 Class, Legacy 2 Class, Global 1 Class, Global 2 Class and Global 3 Class Limited Partners are prohibited from redeeming such units for the three months following the subscription for units. Global 3 Class Limited Partners who redeem their units after the three -month lock-up, but prior to the one -year anniversary of their subscriptions for the redeemed units, will pay the applicable early redemption fee. There are no redemption fees applicable to Legacy 1 Class, Legacy 2 Class, Global 1 Class and Global 2 Class Limited Partners or to Global 3 Class Limited Partners who redeem their units on or after the one -year anniversary of their subscription. Redemptions will be made as of the last day of the month for an amount equal to the net asset value per unit, as defined, represented by the units to be redeemed. The right to obtain redemption is also contingent upon the Partnership’s having property sufficient to discharge its liabilities on the redemption date and may be delayed if the General Partner determines that earlier liquidation of commodity interest positions to meet redemption payments would be detrimental to the Partnership or nonredeeming Limited Partners. In addition, the General Partner may at any time cause the redemption of all or a portion of any Limited Partner’s units upon fifteen (15) days’ written notice. The General Partner may also immediately redeem any Limited Partner’s units without notice if the General Partner believes that (i) the redemption is necessary to avoid having the assets of the Partnership deemed Plan Assets under the Employee Retirement Income Security Act of 1974 , as amended (“ERISA”), (ii) the Limited Partner made a misrepresentation in connection with its subscription for the units, or (iii) the redemption is necessary to avoid a violation of law by the Partnership or any Partner. In accordance with the Third Amended and Restated Limited Partnership Agreement, net income or loss of the Partnership is allocated to partners according to their respective interests in the Partnership as of the beginning of the month.

Financial Highlights

Financial Highlights	3 Months Ended
	Mar. 31, 2016
Financial Highlights
Financial Highlights	Note 7. Financial Highlights The following financial highlights reflect activity related to the Partnership. Total return is based on the change in value during the period of a theoretical investment made by a limited partner at the beginning of each calendar month during the period and is not annualized. Individual limited partners’ ratios may vary from these ratios based on various factors, including but not limited to the timing of capital transactions. Three Months Ended March 31, 2016 2015 Total return – Class A Units % % Total return – Class B Units % % Total return – Legacy 1 Class Units % % Total return – Legacy 2 Class Units % % Total return – Global 1 Class Units % % Total return – Global 2 Class Units % % Total return – Global 3 Class Units % % Ratios as a percentage of average net assets: Expenses prior to incentive fees (1) % % Incentive fees (2) % % Total expenses % % Net investment loss (1) (3) % % (1) Annualized. (2) Not annualized. (3) Excludes incentive fee. The expense ratios above are computed based upon the weighted average net assets of the Partnership for the three months ended March 31, 2016 and 2015 (annualized). The following per unit performance calculations reflect activity related to the Partnership for the three months ended March 31, 2016 and 2015. Class A Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $ Class B Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $ Legacy 1 Class Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $ Legacy 2 Class Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $ Global 1 Class Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $ Global 2 Class Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $ Global 3 Class Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $ * Expenses net of interest income per unit are calculated by dividing the expenses net of interest income by the average number of units outstanding during the period. The net realized and change in unrealized gain (loss) from trading is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information.

Trading Activities and Related

Trading Activities and Related Risks	3 Months Ended
	Mar. 31, 2016
Trading Activities and Related Risks
Trading Activities and Related Risks	Note 8. Trading Activities and Related Risks The Partnership, through its Advisors or swap transactions based on reference programs of such advisors, engages in the speculative trading of a variety of instruments, including U.S. and foreign futures contracts, options on U.S. and foreign futures contracts and forward contracts and other derivative instruments including swap contracts (collectively, derivatives; see Note 10). These derivatives include both financial and nonfinancial contracts held as part of a diversified trading strategy. Additionally, the Partnership’s speculative trading includes equities and exchange-traded funds. The Partnership is exposed to both market risk, the risk arising from changes in the market value of the contracts, and credit risk, the risk of failure by another party to perform according to the terms of a contract. The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. Treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’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 the total of cash and other property deposited. The Partnership utilizes E D & F Man Capital Markets Inc., UBS Securities LLC and SG Americas Securities, LLC, as its clearing brokers. The amount of required margin and good faith deposits with the FCMs, interbank market makers and swap counterparties usually ranges from 5% to 35% of the Partnership’s net asset value. The cash deposited with the FCMs, interbank market makers and swap counterparties at March 31, 2016 and December 31, 2015 was $35,910,146 and $38,751,351 , respectively, which was 17.17% and 18.14% of the net asset value, respectively. For derivatives, risks arise from changes in the fair value of the contracts. Theoretically, the Partnership is exposed to a market risk equal to the value of futures and forward contracts purchased and unlimited liability on such contracts sold short. As both a buyer and seller of options, the Partnership pays or receives a premium at the outset and then bears the risk of unfavorable changes in the price of the contract underlying the option. Written options expose the Partnership to potentially unlimited liability; for purchased options the risk of loss is limited to the premiums paid. In addition to market risk, trading futures, forwards and swap contracts entails a credit risk that a counterparty will not be able to meet its obligations to the Partnership. The counterparty for futures and options on futures contracts traded in the United States and on most non-U.S. futures exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the nonperformance by one of their members and, as such, should significantly reduce this credit risk. In cases in which the clearinghouse is not backed by the clearing members, like some non-U.S. exchanges, it is normally backed by a consortium of banks or other financial institutions. In the case of forward contracts, over-the-counter options contracts or swap contracts, which are traded on the interbank or other institutional markets rather than on exchanges, the counterparty is generally a single bank or other financial institution, rather than a clearinghouse backed by a group of financial institutions; thus, there likely will be greater counterparty credit risk. The Partnership trades only with those counterparties that it believes to be creditworthy. All positions of the Partnership are valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to the Partnership. Unlike futures and options on futures contracts, most swap contracts currently are not traded on or cleared by an exchange or clearinghouse. The CFTC currently requires only a limited class of swap contracts (certain interest rate and credit default swaps) to be cleared and executed on an exchange or other organized trading platform. In accordance with the Dodd-Frank Act, the CFTC will determine in the future whether other classes of swap contracts will be required to be cleared and executed on an exchange or other organized trading platform. Until such time as these transactions are cleared, the Partnership will be subject to a greater risk of counterparty default on its swaps. Because swaps do not generally involve the delivery of underlying assets or principal, the amount payable upon default and early termination is usually calculated by reference to the current market value of the contract. Swap dealers and major swap participants require the Partnership to deposit initial margin and variation margin as collateral to support such obligation under the swap agreement but may not themselves provide collateral for the benefit of the Partnership. If the counterparty to such a swap agreement defaults, the Partnership would be a general unsecured creditor for any termination amounts owed by the counterparty to the Partnership as well as for any collateral deposits in excess of the amounts owed by the Partnership to the counterparty, which would result in losses to the Partnership. There are no limitations on daily price movements in swap transactions. Speculative position limits are not currently applicable to swaps, but in the future may be applicable for swaps on certain commodities. In addition, participants in swap markets are not required to make continuous markets in the swaps they trade, and determining a market value for calculation of termination amounts can lead to uncertain results. Securities sold short represent obligations of the Partnership to deliver specific securities and thereby create a liability to purchase these instruments in the open market at prevailing prices. These transactions may result in market risk not reflected in the consolidated statement of financial condition as the Partnership’s ultimate obligation to satisfy its obligation for trading liabilities may exceed the amount reflected in the consolidated statement of financial condition. The Partnership maintains deposits with high quality financial institutions in amounts that are in excess of federally insured limits; however, the Partnership does not believe it is exposed to any significant credit risk. The General Partner has established procedures to actively monitor and minimize market and credit risks. 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.

Indemnifications

Indemnifications	3 Months Ended
	Mar. 31, 2016
Indemnifications
Indemnifications	Note 9. Indemnifications In the normal course of business, the Partnership enters into contracts and agreements that contain a variety of representations and warranties and which provide general indemnifications. The Partnership’s 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 expects the risk of any future obligation under these indemnifications to be remote.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2016
Derivative Instruments
Derivative Instruments	Note 10. Derivative Instruments The Partnership follows the provisions of FASB ASC 815, Derivatives and Hedging. FASB ASC 815 is intended to improve transparency in financial reporting by requiring enhanced disclosures of an entity’s derivative instruments and hedging activities and their effects on the entity’s financial position, financial performance, and cash flows. FASB ASC 815 applies to all derivative instruments within the scope of FASB ASC 815-10-05. It also applies to non-derivative hedging instruments and all hedged items designated and qualifying as hedges under FASB ASC 815-10-05. FASB ASC 815 amends the current qualitative and quantitative disclosure requirements for derivative instruments and hedging activities set forth in FASB ASC 815-10-05 and generally increases the level of disaggregation that will be required in an entity’s financial statements. FASB ASC 815 requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements (see Trading Activities and Related Risks, Note 8). The Partnership’s business is speculative trading. The Partnership intends to close out all futures, options on futures and forward contracts prior to their expiration. The Partnership trades in futures and other commodity interest contracts and is therefore a party to financial instruments with elements of off-balance sheet market risk and credit risk. In entering into these contracts, the Partnership faces the market risk that these contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. The Partnership minimizes market risk through real-time monitoring of open positions, diversification of the portfolio and maintenance of a margin-to-equity ratio that rarely exceeds 25% . In addition to market risk, in entering into commodity interest contracts there is a credit risk that a counterparty will not be able to meet its obligations to the Partnership. In general, clearing organizations are backed by the corporate members of the clearing organization who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases in which the clearing organization is not backed by the clearing members, like some non-U.S. exchanges, it is normally backed by a consortium of banks or other financial institutions. In the case of forward contracts, over-the-counter options contracts or swap contracts, which are traded on the interbank or other institutional market rather than on exchanges, the counterparty is generally a single bank or other financial institution, rather than a central clearing organization backed by a group of financial institutions. As a result, there will likely be greater counterparty credit risk in these transactions. The Partnership trades only with those counterparties that it believes to be creditworthy. Nonetheless, the clearing member, clearing organization or other counterparty to these transactions may not be able to meet its obligations to the Partnership, in which case the Partnership could suffer significant losses on these contracts. The Partnership does not designate any derivative instruments as hedging instruments under FASB ASC 815-10-05. For the three months ended March 31, 2016, the monthly average futures contracts bought and sold was approximately 53,183 and the monthly average forward contracts bought and sold was approximately 500 . For the three months ended March 31, 2015, the monthly average futures contracts bought and sold was approximately 7 2,405 and the monthly average forward contracts bought and sold was approximately 15 ,096 . The following tables summarize the quantitative information required by FASB ASC 815: Fair Values of Derivative Instruments at March 31, 2016 and December 31, 2015 Consolidated Asset Liability Statements of Financial Derivatives Derivatives Condition Location 3/31/2016 3/31/2016 Fair Value Agricultural contracts Net Unrealized gain (loss) on open futures contracts $ $ $ Currencies contracts Net Unrealized gain (loss) on open futures contracts Energy contracts Net Unrealized gain (loss) on open futures contracts Interest rates contracts Net Unrealized gain (loss) on open futures contracts Meats contracts Net Unrealized gain (loss) on open futures contracts Metals contracts Net Unrealized gain (loss) on open futures contracts Soft commodities contracts Net Unrealized gain (loss) on open futures contracts Stock indices contracts Net Unrealized gain (loss) on open futures contracts $ $ $ Forward currency contracts Net Unrealized gain (loss) on open forward currency contracts $ $ $ Swap Contracts* Net Unrealized gain (loss) on open swap contracts $ $ — $ *At March 31, 2016, the sector exposure of the CTA indices underlying the swap was: Interest rate contracts 51% Forward currency contracts 32% Stock indices and stock index options 17% Total 100% Consolidated Asset Liability Statements of Financial Derivatives Derivatives Condition Location 12/31/2015 12/31/2015 Fair Value Agricultural contracts Net Unrealized gain (loss) on open futures contracts $ $ $ Currencies contracts Net Unrealized gain (loss) on open futures contracts Energy contracts Net Unrealized gain (loss) on open futures contracts Interest rates contracts Net Unrealized gain (loss) on open futures contracts Meats contracts Net Unrealized gain (loss) on open futures contracts Metals contracts Net Unrealized gain (loss) on open futures contracts Soft commodities contracts Net Unrealized gain (loss) on open futures contracts Stock indices contracts Net Unrealized gain (loss) on open futures contracts $ $ $ Forward currency contracts Net Unrealized gain (loss) on open forward currency contracts $ $ $ Swap Contracts* Net Unrealized gain (loss) on open swap contracts $ $ — $ *At December 31, 2015, the sector exposure of the CTA indices underlying the swap was: Interest rate contracts 43% Forward currency contracts 42% Stock indices and stock index options 15% Total 100% The Effect of Derivative Instruments on the Consolidated Statement of Operations for the Three Months Ended March 31, 2016 and 2015 Three Months Ended Three Months Ended Type of Contract March 31, 2016 March 31, 2015 Agriculturals contracts Net gain (loss) from futures trading $ $ Currencies contracts Net gain (loss) from futures trading Energy contracts Net gain (loss) from futures trading Interest rates contracts Net gain (loss) from futures trading Meats contracts Net gain (loss) from futures trading Metals contracts Net gain (loss) from futures trading Soft commodities contracts Net gain (loss) from futures trading Stock indices Net gain (loss) from futures trading Forward Currency Contracts Net gain (loss) from forward trading Swap Contracts Net gain (loss) from swap trading — $ $ Line Item in Consolidated Statement of Operations Three Months Ended March 31, 2016 March 31, 2015 Net gain (loss) from futures trading Realized $ $ Change in unrealized Total realized and changed in unrealized net gain (loss) from futures trading $ $ Net gain (loss) from forward trading Realized $ $ Change in unrealized Total realized and changed in unrealized net gain (loss) from forward trading $ $ Net gain (loss) from swap trading Change in unrealized $ — Total realized and changed in unrealized net gain (loss) from swap trading $ $ — Total realized and changed in unrealized net gain (loss) from futures, forward and swap trading $ $ The tables below show the gross amounts of recognized derivative assets and gross amounts offset in the accompanying Consolidated Statements of Financial Condition: Offsetting of Derivative Assets As of March 31, 2016 Net Amount of Gross Amounts Unrealized Gain Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statement of Statement of Type of Instrument Assets Financial Condition Financial Condition U.S. and foreign futures contracts $ $ $ Forward contracts Swap contracts — Total derivatives $ $ $ Offsetting of Derivative Liabilities As of March 31, 2016 Net Amount of Gross Amounts Unrealized Gain Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statement of Statement of Type of Instrument Liabilities Financial Condition Financial Condition U.S. and foreign futures contracts $ $ $ — Forward contracts — Swap contracts — Total derivatives $ $ $ — Derivatives Assets and Liabilities and Collateral Received by Counterparty As of March 31, 2016 Gross Amounts Not Offset in the Consolidated Statement of Financial Condition Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Cash Collateral Counterparty Financial Condition Instruments Received Net Amount Deutsche Bank AG $ $ — $ — $ ED&F Man Capital Markets Inc — — SG Americas Securities, LLC — — UBS Securities LLC — — Total $ $ — $ — $ Offsetting of Derivative Assets As of December 31, 2015 Net Amount of Gross Amounts Unrealized Gain Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statement of Statement of Type of Instrument Assets Financial Condition Financial Condition U.S. and foreign futures contracts $ $ $ Forward contracts Swap contracts — Total derivatives $ $ $ Offsetting of Derivative Liabilities As of December 31, 2015 Net Amount of Gross Amounts Unrealized Gain Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statement of Statement of Type of Instrument Liabilities Financial Condition Financial Condition U.S. and foreign futures contracts $ $ $ — Forward contracts — Swap contracts — — — Total derivatives $ $ $ — Derivatives Assets and Liabilities and Collateral Received by Counterparty As of December 31, 2015 Gross Amounts Not Offset in the Consolidated Statement of Financial Condition Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Cash Collateral Counterparty Financial Condition Instruments Received Net Amount Deutsche Bank AG $ $ — $ — $ ED&F Man Capital Markets Inc — — SG Americas Securities, LLC — — UBS Securities LLC — — Total $ $ — $ — $

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events
Subsequent Events	Note 11. Subsequent Events The Partnership has evaluated subsequent events for potential recognition and/or disclosure through March 31, 2016.

Nature of Business and Signif18

Nature of Business and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Nature of Business and Significant Accounting Policies
Accounting Principles	Accounting Principles: Pursuant to rules and regulations of the SEC, audited consolidated financial statements of the Partnership are prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). The Partnership is an investment company and follows accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services – Investment Companies .
Consolidation	Consolidation: The Partnership is the sole member of each of the Trading Companies. The Trading Companies, in turn, are the only members of GP Cash Management. The Partnership presents consolidated financial statements, which include the accounts of the Trading Companies and GP Cash Management. All material inter-company accounts and transactions are eliminated in consolidation.
Use of estimates	Use of estimates: 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 revenue and expenses during the reporting period. Actual results could differ from those estimates.
Cash and cash equivalents	Cash and cash equivalents: Cash and cash equivalents may include cash, overnight investments, commercial paper, U.S. treasury bills and short-term investments in interest-bearing demand deposits with banks and cash managers with original maturities of three months or less at the date of acquisition.
Valuation of investments	Valuation of investments: All investments are used for trading purposes and recorded at their estimated fair value, as described in Note 2. Substantially all of the Partnership’s assets and liabilities are considered financial instruments and are recorded at fair value or at carrying amounts that approximate fair value because of the short maturity of the instruments.
Investment transactions, investment income and expenses	Investment transactions, investment income and expenses: Futures contracts, forward contracts and options on futures and forward contracts are recorded on a trade date basis and realized gains or losses are recognized when contracts/positions are liquidated. Unrealized gains or losses on open contracts/positions (the difference between contract trade price and market price) or securities are reported in the consolidated statement of financial condition as a net unrealized gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with FASB ASC 210-20, Balance Sheet, Offsetting . Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statement of operations. Interest income and expense is recognized under the accrual basis. Set forth in Note 10 are instruments and transactions eligible for offset in the consolidated statement of financial condition and which are subject to derivative clearing agreements with the Partnership’s clearing brokers. Each clearing broker nets margin held on behalf of the Partnership or payment obligations of the clearing broker to the Partnership against any payment obligations of the Partnership to the clearing broker. The Partnership is required to deposit margin at each clearing broker to meet the original and maintenance requirements established by that clearing broker, and/or the exchange or clearinghouse associated with the exchange on which the instrument is traded. The derivative clearing agreements give each clearing broker a security interest in this margin to secure any liabilities owed to the clearing broker arising from a default by the Partnership.
Commissions	Commissions: Commissions and other trading fees are expensed when contracts are opened and closed, and are reflected separately in the consolidated statement of operations.
Redemptions payable	Redemptions payable: Pursuant to the provisions of FASB ASC 480, Distinguishing Liabilities from Equity , redemptions approved by the General Partner prior to month end with a fixed effective date and fixed amount are recorded as redemptions payable as of month end.
Income taxes	Income taxes: No provision for income taxes has been made in these consolidated financial statements as each partner is individually responsible for reporting income or loss based on its respective share of the Partnership’s income and expenses as reported for income tax purposes. The Partnership follows the provisions of ASC 740, Income Taxes . FASB guidance requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Partnership’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained “when challenged” or “when examined” by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense and liability in the current year. If a tax position does not meet the minimum statutory threshold to avoid payment of penalties, an expense for the amount of the statutory penalty and interest, if applicable, shall be recognized in the consolidated statement of operations in the period in which the position is claimed or expected to be claimed. As of March 31, 2016, management has determined that there are no material uncertain income tax positions and, accordingly, has not recorded a liability. The Partnership is generally not subject to examination by U.S. federal or state taxing authorities for tax years before 2013.
Organization and offering costs	Organization and offering costs: All expenses incurred in connection with the organization and the ongoing public offering of partnership interests are paid by the General Partner and are reimbursed to the General Partner by the Partnership. This reimbursement is made monthly. In its discretion, the General Partner may require the Partnership to reimburse the General Partner in any subsequent calendar year for amounts that exceed the limits in Note 5 in any calendar year, provided that the maximum amount reimbursed by the Partnership will not exceed the overall limit. Amounts reimbursed by the Partnership with respect to ongoing public offering expenses are charged to expense from operations at the time of reimbursement or accrual. Any amounts reimbursed by the Partnership with respect to organizational expenses are expensed at the time the reimbursement is incurred or accrued. If the Partnership terminates prior to completion of payment of the calculated amounts to the General Partner, the General Partner will not be entitled to any additional payments, and the Partnership will have no further obligation to the General Partner. At March 31, 2016 and December 31, 2015, all organization and offering costs incurred by the General Partner have been reimbursed.
Foreign currency transactions	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 consolidated 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. Gains and losses resulting from the translation to U.S. dollars are reported in income currently. The Partnership does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized or unrealized gain or loss from investments.
Swap contracts	Swap contracts: Certain Trading Companies of the Partnership strategically allocate a portion or all of their assets to total return swaps selected at the direction of the General Partner. A swap is a bilaterally negotiated agreement between two parties to exchange cash flows based upon an asset, rate or some other reference index. In a typical swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of commodities or other investments representing a particular index. Changes in the value of the swap agreement are recognized as unrealized gains or losses in the consolidated statement of operations by marking to market on a daily basis to reflect the value of the swap agreement at the end of each day as reported by the swap counterparty. Realized gains and losses from a decrease in the notional value of the swap are recognized on trade date. A liquidation payment received or made at the termination of the swap agreement will first be offset against the swap balance outstanding at the time the position is liquidated, with the remainder being recorded as a realized gain or loss in the consolidated statement of operations. Through its Trading Companies the Partnership has entered into a total return swap with Deutsche Bank AG. The Partnership maintains cash as collateral to secure its obligations under the swap. As of March 31, 2016 and December 31, 2015, the notional value of the swap was $24,638,617 and $20,000,000 , respectively, and the cash margin balance was $6,000,000 and $4,000,000 , respectively. The swap was effective July 1, 2015 and has a term of five years.
Statement of cash flows	Statement of cash flows: The Partnership has elected not to provide statements of cash flows as permitted by FASB ASC 230, Statement of Cash Flows . The Partnership noted that as of and for the period ended March 31, 2016 and 2015, substantially all investments were highly liquid, all investments are carried at fair value, the Partnership carried no debt, and the statements of changes in partners’ capital (net asset value) is presented.
Reclassification	Reclassification: Certain amounts in the 2015 consolidated financial statements have been reclassified to conform with the 2016 presentation.
Recently issued accounting pronouncements	Recent accounting pronouncements: In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810) containing guidance for reporting entities that are required to evaluate whether they should consolidate certain legal entities. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The Partnership adopted ASU 2015-02 as of January 1, 2016 and the adoption did not have a material impact on its consolidated financial statements. In August 2014, the FASB issued ASU 2014-15 – Presentation of Financial Statement – Going Concern (Subtopic 205-40) containing guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and about related footnote disclosures. The guidance is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. The Partnership is currently evaluating the impact this pronouncement would have on its consolidated financial statements. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) – Deferral of Effective Date, which defers the effective date of ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The amendments in ASU 2014-09 affect any entity that enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. In March 2016 and April 2016, the FASB issued ASU 2016-08 Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) and ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, respectively . The amendments in these updates affect entities with transactions included within the scope of Topic 606. The scope of that Topic includes entities that enter into contracts with customers to transfer goods or services (that are an output of the entity’s ordinary activities) in exchange for consideration. The guidance is effective for annual reporting periods beginning after December 15, 2017. The Partnership is currently evaluating the impact these pronouncements would have on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01 Financial Instruments – Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Liabilities. The amendments in this update affect all entities that hold financial assets or owe financial liabilities. The guidance is effective for fiscal years beginning after December 15, 2017. The Partnership is currently evaluating the impact this pronouncement would have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-05 Derivatives and Hedging (Topic 815) Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships. The amendments in this update apply to all reporting entities for which there is a change in the counterparty to a derivative instrument that has been designated as a hedging instrument under Topic 815. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods with those fiscal years. The adoption of ASU 2016-05 is not expected to have an impact on the Partnership’s consolidated financial statements.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Measurements
Schedule of fair value hierarchy for assets and liabilities measured at fair value on a recurring basis	The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2016: Assets Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ $ — $ — $ Forward currency contracts — — Swap contracts — — Cash and cash equivalents Bank deposits — — Foreign commercial paper — — U.S. commercial paper — — Securities owned U.S. commercial paper — — U.S. Government-sponsored — — U.S. corporate bonds — — Total $ $ $ — $ The following table presents the Partnership’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2015: Assets Level 1 Level 2 Level 3 Total Equity in brokers' trading accounts U.S. and foreign futures contracts $ $ — $ — $ Forward currency contracts — — Swap contracts — — Cash and cash equivalents Bank deposits — — Foreign commercial paper — — U.S. commercial paper — — Securities owned Foreign commercial paper — — U.S. commercial paper — — U.S. Government-sponsored — — U.S. corporate bonds — — Total $ $ $ — $

General Partner and Related P20

General Partner and Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2016
General Partner and Related Party Transactions
Schedule of monthly payment made by the Partnership to General Partner for brokerage charge, organization and offering costs and operating expenses	Organization and Offering Brokerage charge* Reimbursement* Operating Expense* Class A units % % % Class B units % % % Legacy 1 Class units % % % Legacy 2 Class units % % % Global 1 Class units % % % Global 2 Class units % % % Global 3 Class units % % %

Financial Highlights (Tables)

Financial Highlights (Tables)	3 Months Ended
	Mar. 31, 2016
Financial Highlights
Schedule of financial highlights reflecting total return and relevant ratios to Partnership	Three Months Ended March 31, 2016 2015 Total return – Class A Units % % Total return – Class B Units % % Total return – Legacy 1 Class Units % % Total return – Legacy 2 Class Units % % Total return – Global 1 Class Units % % Total return – Global 2 Class Units % % Total return – Global 3 Class Units % % Ratios as a percentage of average net assets: Expenses prior to incentive fees (1) % % Incentive fees (2) % % Total expenses % % Net investment loss (1) (3) % % (1) Annualized. (2) Not annualized. (3) Excludes incentive fee.
Class A
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Class A Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $
Class B
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Class B Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $
Legacy 1 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Legacy 1 Class Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $
Legacy 2 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Legacy 2 Class Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $
Global 1 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Global 1 Class Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $
Global 2 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Global 2 Class Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $
Global 3 Class
Financial Highlights
Schedule of per unit performance calculations activity related to the Partnership	Global 3 Class Units Three Months Ended March 31, 2016 2015 Per Unit Performance (for unit outstanding throughout the entire period): Net asset value per unit at beginning of period $ $ Income (loss) from operations Net realized and change in unrealized gain (loss) from trading* Expenses net of interest income* Total income (loss) from operations Net asset value per unit at end of period $ $

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments
Summary of Fair Values of Derivative Instruments	Consolidated Asset Liability Statements of Financial Derivatives Derivatives Condition Location 3/31/2016 3/31/2016 Fair Value Agricultural contracts Net Unrealized gain (loss) on open futures contracts $ $ $ Currencies contracts Net Unrealized gain (loss) on open futures contracts Energy contracts Net Unrealized gain (loss) on open futures contracts Interest rates contracts Net Unrealized gain (loss) on open futures contracts Meats contracts Net Unrealized gain (loss) on open futures contracts Metals contracts Net Unrealized gain (loss) on open futures contracts Soft commodities contracts Net Unrealized gain (loss) on open futures contracts Stock indices contracts Net Unrealized gain (loss) on open futures contracts $ $ $ Forward currency contracts Net Unrealized gain (loss) on open forward currency contracts $ $ $ Swap Contracts* Net Unrealized gain (loss) on open swap contracts $ $ — $ *At March 31, 2016, the sector exposure of the CTA indices underlying the swap was: Interest rate contracts 51% Forward currency contracts 32% Stock indices and stock index options 17% Total 100% Consolidated Asset Liability Statements of Financial Derivatives Derivatives Condition Location 12/31/2015 12/31/2015 Fair Value Agricultural contracts Net Unrealized gain (loss) on open futures contracts $ $ $ Currencies contracts Net Unrealized gain (loss) on open futures contracts Energy contracts Net Unrealized gain (loss) on open futures contracts Interest rates contracts Net Unrealized gain (loss) on open futures contracts Meats contracts Net Unrealized gain (loss) on open futures contracts Metals contracts Net Unrealized gain (loss) on open futures contracts Soft commodities contracts Net Unrealized gain (loss) on open futures contracts Stock indices contracts Net Unrealized gain (loss) on open futures contracts $ $ $ Forward currency contracts Net Unrealized gain (loss) on open forward currency contracts $ $ $ Swap Contracts* Net Unrealized gain (loss) on open swap contracts $ $ — $ *At December 31, 2015, the sector exposure of the CTA indices underlying the swap was: Interest rate contracts 43% Forward currency contracts 42% Stock indices and stock index options 15% Total 100%
Schedule of Effect of Derivative Instruments on the Consolidated Statement of Operations	Three Months Ended Three Months Ended Type of Contract March 31, 2016 March 31, 2015 Agriculturals contracts Net gain (loss) from futures trading $ $ Currencies contracts Net gain (loss) from futures trading Energy contracts Net gain (loss) from futures trading Interest rates contracts Net gain (loss) from futures trading Meats contracts Net gain (loss) from futures trading Metals contracts Net gain (loss) from futures trading Soft commodities contracts Net gain (loss) from futures trading Stock indices Net gain (loss) from futures trading Forward Currency Contracts Net gain (loss) from forward trading Swap Contracts Net gain (loss) from swap trading — $ $
Schedule of Line Item in Consolidated Statement of Operations	Line Item in Consolidated Statement of Operations Three Months Ended March 31, 2016 March 31, 2015 Net gain (loss) from futures trading Realized $ $ Change in unrealized Total realized and changed in unrealized net gain (loss) from futures trading $ $ Net gain (loss) from forward trading Realized $ $ Change in unrealized Total realized and changed in unrealized net gain (loss) from forward trading $ $ Net gain (loss) from swap trading Change in unrealized $ — Total realized and changed in unrealized net gain (loss) from swap trading $ $ — Total realized and changed in unrealized net gain (loss) from futures, forward and swap trading $ $
Schedule of Offsetting of Derivative Assets	Offsetting of Derivative Assets As of March 31, 2016 Net Amount of Gross Amounts Unrealized Gain Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statement of Statement of Type of Instrument Assets Financial Condition Financial Condition U.S. and foreign futures contracts $ $ $ Forward contracts Swap contracts — Total derivatives $ $ $ Offsetting of Derivative Assets As of December 31, 2015 Net Amount of Gross Amounts Unrealized Gain Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statement of Statement of Type of Instrument Assets Financial Condition Financial Condition U.S. and foreign futures contracts $ $ $ Forward contracts Swap contracts — Total derivatives $ $ $
Schedule of Offsetting of Derivative Liabilities	Offsetting of Derivative Liabilities As of March 31, 2016 Net Amount of Gross Amounts Unrealized Gain Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statement of Statement of Type of Instrument Liabilities Financial Condition Financial Condition U.S. and foreign futures contracts $ $ $ — Forward contracts — Swap contracts — Total derivatives $ $ $ — Offsetting of Derivative Liabilities As of December 31, 2015 Net Amount of Gross Amounts Unrealized Gain Offset in the Presented in Gross Amount of Consolidated the Consolidated Recognized Statement of Statement of Type of Instrument Liabilities Financial Condition Financial Condition U.S. and foreign futures contracts $ $ $ — Forward contracts — Swap contracts — — — Total derivatives $ $ $ —
Schedule of Derivative Assets and Liabilities and Collateral Received by Counterparty	Derivatives Assets and Liabilities and Collateral Received by Counterparty As of March 31, 2016 Gross Amounts Not Offset in the Consolidated Statement of Financial Condition Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Cash Collateral Counterparty Financial Condition Instruments Received Net Amount Deutsche Bank AG $ $ — $ — $ ED&F Man Capital Markets Inc — — SG Americas Securities, LLC — — UBS Securities LLC — — Total $ $ — $ — $ Derivatives Assets and Liabilities and Collateral Received by Counterparty As of December 31, 2015 Gross Amounts Not Offset in the Consolidated Statement of Financial Condition Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Cash Collateral Counterparty Financial Condition Instruments Received Net Amount Deutsche Bank AG $ $ — $ — $ ED&F Man Capital Markets Inc — — SG Americas Securities, LLC — — UBS Securities LLC — — Total $ $ — $ — $

Nature of Business and Signif23

Nature of Business and Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2016USD ($)class	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Assets allocated to GP 3, GP 6 and GP 15	$ 0		$ 0
Classes of interests
Number of classes of limited partner interests | class	7
Income taxes
Income taxes	$ 0	$ 0
Statement of cash flows
Debt carried by partners	0		0
Deutsche Bank AG
Swap contracts
Notional value	24,638,617		20,000,000
Cash margin balance	$ 6,000,000		$ 4,000,000
Term of total return swap	5 years

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Fair Value Measurements
Investments Owned, Fair Value	$ 101,090,570	$ 116,297,654
Amount of transfers among Levels 1, 2, and 3	0	0
Recurring basis
Fair Value Measurements
Total	179,780,202	182,678,703
Recurring basis | Futures Contracts
Fair Value Measurements
Open derivative contracts, fair value	2,170,019	827,595
Recurring basis | Forward Contracts
Fair Value Measurements
Open derivative contracts, fair value	80,142	(240,659)
Recurring basis | Swap Contracts
Fair Value Measurements
Open derivative contracts, fair value	(1,893,713)	1,168,100
Recurring basis | Bank deposits
Fair Value Measurements
Cash and cash equivalents	8,416,249	1,101,389
Recurring basis | Foreign commercial paper
Fair Value Measurements
Cash and cash equivalents	1,750,000	5,547,926
Investments Owned, Fair Value		4,008,509
Recurring basis | U.S. commercial paper
Fair Value Measurements
Cash and cash equivalents	68,166,935	57,976,698
Investments Owned, Fair Value	7,043,379	15,173,266
Recurring basis | U.S. Government-sponsored enterprises
Fair Value Measurements
Investments Owned, Fair Value	79,471,466	82,472,451
Recurring basis | U.S. corporate bonds
Fair Value Measurements
Investments Owned, Fair Value	14,575,725	14,643,428
Recurring basis | Level 1
Fair Value Measurements
Total	10,586,268	1,928,984
Recurring basis | Level 1 | Futures Contracts
Fair Value Measurements
Open derivative contracts, fair value	2,170,019	827,595
Recurring basis | Level 1 | Bank deposits
Fair Value Measurements
Cash and cash equivalents	8,416,249	1,101,389
Recurring basis | Level 2
Fair Value Measurements
Total	169,193,934	180,749,719
Recurring basis | Level 2 | Forward Contracts
Fair Value Measurements
Open derivative contracts, fair value	80,142	(240,659)
Recurring basis | Level 2 | Swap Contracts
Fair Value Measurements
Open derivative contracts, fair value	(1,893,713)	1,168,100
Recurring basis | Level 2 | Foreign commercial paper
Fair Value Measurements
Cash and cash equivalents	1,750,000	5,547,926
Investments Owned, Fair Value		4,008,509
Recurring basis | Level 2 | U.S. commercial paper
Fair Value Measurements
Cash and cash equivalents	68,166,935	57,976,698
Investments Owned, Fair Value	7,043,379	15,173,266
Recurring basis | Level 2 | U.S. Government-sponsored enterprises
Fair Value Measurements
Investments Owned, Fair Value	79,471,466	82,472,451
Recurring basis | Level 2 | U.S. corporate bonds
Fair Value Measurements
Investments Owned, Fair Value	$ 14,575,725	$ 14,643,428

Commodity Trading Advisors (Det

Commodity Trading Advisors (Details)	3 Months Ended
	Mar. 31, 2016
Minimum
Commodity Trading Advisors
Annual percentage of allocated net assets paid as a management fee to commodity trading advisors	0.00%
Percentage of new trading profits on allocated net assets paid as a incentive fee to commodity trading advisors	20.00%
Maximum
Commodity Trading Advisors
Annual percentage of allocated net assets paid as a management fee to commodity trading advisors	2.00%
Percentage of new trading profits on allocated net assets paid as a incentive fee to commodity trading advisors	24.50%

General Partner and Related P26

General Partner and Related Party Transactions (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
General Partner and Related Party Transactions
Brokerage charge	$ 2,771,816	$ 3,958,848
Incentive fees	262,738	2,854,760
Organizational and offering costs	160,777	221,638
Operating expenses	$ 138,814	191,386
Maximum
General Partner and Related Party Transactions
Percent of the notional amount of a swap transaction used as the basis for fees paid to a counterparty	0.50%
Percentage of average month-end net assets as basis for determining operating expense reimbursements	0.25%
Class A
General Partner and Related Party Transactions
Brokerage charge (as a percent)	7.00%
Organization and Offering Reimbursement (as a percent)	0.10%
Operating Expense (as a percent)	0.25%
Class B
General Partner and Related Party Transactions
Brokerage charge (as a percent)	7.45%
Organization and Offering Reimbursement (as a percent)	0.30%
Operating Expense (as a percent)	0.25%
Legacy 1 Class
General Partner and Related Party Transactions
Brokerage charge (as a percent)	4.50%
Organization and Offering Reimbursement (as a percent)	0.30%
Operating Expense (as a percent)	0.25%
Legacy 2 Class
General Partner and Related Party Transactions
Brokerage charge (as a percent)	4.75%
Organization and Offering Reimbursement (as a percent)	0.30%
Operating Expense (as a percent)	0.25%
Global 1 Class
General Partner and Related Party Transactions
Brokerage charge (as a percent)	3.95%
Organization and Offering Reimbursement (as a percent)	0.30%
Operating Expense (as a percent)	0.25%
Global 2 Class
General Partner and Related Party Transactions
Brokerage charge (as a percent)	4.20%
Organization and Offering Reimbursement (as a percent)	0.30%
Operating Expense (as a percent)	0.25%
Global 3 Class
General Partner and Related Party Transactions
Brokerage charge (as a percent)	5.95%
Organization and Offering Reimbursement (as a percent)	0.30%
Operating Expense (as a percent)	0.25%
General Partner
General Partner and Related Party Transactions
Minimum ownership of units as a percentage of all capital contributions of all Partners to the Partnership, option one	1.00%
Value of minimum ownership of units, option two	$ 25,000
Percentage of total capital contributions of all partners and all related limited partnerships used in computation of minimum net worth, option one	5.00%
Percentage of Units being offered for sale in the Partnership used in computation of minimum net worth, option one	5.00%
Amount of minimum net worth required to be maintained, option two	$ 50,000
Amount of maximum net worth required to be maintained	$ 1,000,000
Percentage of General Partners limited partnership interest in the entity treated as a general partnership interest	10.00%
Minimum amount to which the general partner will reduce the brokerage charge after offset of transaction costs and consulting fees	$ 0
EMC
General Partner and Related Party Transactions
Brokerage charge	140,300	126,000
Incentive fees	$ 40,800	$ 55,300

Subscriptions, Redemptions an27

Subscriptions, Redemptions and Allocation of Net Income or Loss (Details)	3 Months Ended
	Mar. 31, 2016USD ($)
Class A
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Class B
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Legacy 1 Class
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Redemption fees applicable for stockholders who redeem units on or after one-year anniversary of subscriptions	$ 0
Lock in period for redemption of units following subscription	3 months
Legacy 2 Class
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Redemption fees applicable for stockholders who redeem units on or after one-year anniversary of subscriptions	$ 0
Lock in period for redemption of units following subscription	3 months
Global 1 Class
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Redemption fees applicable for stockholders who redeem units on or after one-year anniversary of subscriptions	$ 0
Lock in period for redemption of units following subscription	3 months
Global 2 Class
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Redemption fees applicable for stockholders who redeem units on or after one-year anniversary of subscriptions	$ 0
Lock in period for redemption of units following subscription	3 months
Global 3 Class
Redemptions
Notice period by Limited Partner for redemption of Limited Partner units	10 days
Notice period by General Partner for redemption of Limited Partner units	15 days
Minimum period of holding of units after which no redemption fees are applicable	1 year
Redemption fees applicable for stockholders who redeem units on or after one-year anniversary of subscriptions	$ 0
Lock in period for redemption of units following subscription	3 months

Financial Highlights (Details)

Financial Highlights (Details) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Ratios as a percentage of average net assets:
Expenses prior to incentive fees (as a percent)	5.70%	5.85%
Incentive fees (as a percent)	0.12%	0.95%
Total expenses (as a percent)	5.82%	6.80%
Net investment loss (as a percent)	(5.05%)	(5.38%)
Class A
Financial Highlights
Total return (as a percent)	4.12%	2.92%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 1,092.80	$ 1,247.57
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	60.97	65.67
Expenses net of interest income (in dollars per unit)	(15.96)	(29.18)
Total income (loss) from operations (in dollars per unit)	45.01	36.49
Net asset value per unit at end of period (in dollars per unit)	$ 1,137.81	$ 1,284.06
Class B
Financial Highlights
Total return (as a percent)	3.95%	2.77%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 904.13	$ 1,038.84
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	50.47	54.80
Expenses net of interest income (in dollars per unit)	(14.77)	(26)
Total income (loss) from operations (in dollars per unit)	35.70	28.80
Net asset value per unit at end of period (in dollars per unit)	$ 939.83	$ 1,067.64
Legacy 1 Class
Financial Highlights
Total return (as a percent)	4.65%	3.41%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 837.54	$ 935.15
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	46.93	49.28
Expenses net of interest income (in dollars per unit)	(7.98)	(17.35)
Total income (loss) from operations (in dollars per unit)	38.95	31.93
Net asset value per unit at end of period (in dollars per unit)	$ 876.49	$ 967.08
Legacy 2 Class
Financial Highlights
Total return (as a percent)	4.59%	3.36%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 822.19	$ 920.26
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	45.89	48.58
Expenses net of interest income (in dollars per unit)	(8.14)	(17.69)
Total income (loss) from operations (in dollars per unit)	37.75	30.89
Net asset value per unit at end of period (in dollars per unit)	$ 859.94	$ 951.15
Global 1 Class
Financial Highlights
Total return (as a percent)	5.08%	3.57%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 817.71	$ 913.24
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	48.86	50.23
Expenses net of interest income (in dollars per unit)	(7.34)	(17.64)
Total income (loss) from operations (in dollars per unit)	41.52	32.59
Net asset value per unit at end of period (in dollars per unit)	$ 859.23	$ 945.83
Global 2 Class
Financial Highlights
Total return (as a percent)	5.09%	3.51%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 803.03	$ 898.69
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	47.72	47.69
Expenses net of interest income (in dollars per unit)	(6.86)	(16.14)
Total income (loss) from operations (in dollars per unit)	40.86	31.55
Net asset value per unit at end of period (in dollars per unit)	$ 843.89	$ 930.24
Global 3 Class
Financial Highlights
Total return (as a percent)	4.69%	3.11%
Per Unit Performance (for unit outstanding throughout the entire period):
Net asset value per unit at beginning of period (in dollars per unit)	$ 713.66	$ 812.47
Income (loss) from operations:
Net realized and change in unrealized gain (loss) from trading (in dollars per unit)	42.48	43.12
Expenses net of interest income (in dollars per unit)	(8.99)	(17.85)
Total income (loss) from operations (in dollars per unit)	33.49	25.27
Net asset value per unit at end of period (in dollars per unit)	$ 747.15	$ 837.74

Trading Activities and Relate29

Trading Activities and Related Risks (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Trading Activities and Related Risks
Cash and cash equivalents	$ 35,910,146	$ 38,781,351
FCMs, interbank market makers and swap counterparties
Trading Activities and Related Risks
Required margin and good faith deposits, low end of the range (as a percent)	5.00%
Required margin and good faith deposits, high end of the range (as a percent)	35.00%
Cash and cash equivalents	$ 35,910,146	$ 38,751,351
Cash deposited with trading counterparties, percent of net asset value	17.17%	18.14%

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivative Instruments (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Fair Values of Derivative Instruments
Asset Derivatives	$ 8,279,825	$ 8,801,134
Liability Derivatives	$ (7,923,377)	$ (7,046,098)
Interest rates
Fair Values of Derivative Instruments
Sector exposure index	51.00%	43.00%
Stock indices contracts and stock index options contracts
Fair Values of Derivative Instruments
Sector exposure index		15.00%
Futures Contracts
Fair Values of Derivative Instruments
Asset Derivatives	$ 7,208,669	$ 6,950,709
Liability Derivatives	(5,038,650)	(6,123,114)
Fair Value	2,170,019	827,595
Futures Contracts | Agriculturals
Fair Values of Derivative Instruments
Asset Derivatives	722,262	708,940
Liability Derivatives	(259,891)	(192,304)
Fair Value	462,371	516,636
Futures Contracts | Currencies
Fair Values of Derivative Instruments
Asset Derivatives	1,350,616	1,586,035
Liability Derivatives	(745,242)	(488,106)
Fair Value	605,374	1,097,929
Futures Contracts | Energy
Fair Values of Derivative Instruments
Asset Derivatives	212,723	1,861,351
Liability Derivatives	(316,546)	(1,035,133)
Fair Value	(103,823)	826,218
Futures Contracts | Interest rates
Fair Values of Derivative Instruments
Asset Derivatives	2,132,662	853,598
Liability Derivatives	(1,065,665)	(2,119,167)
Fair Value	1,066,997	(1,265,569)
Futures Contracts | Meats
Fair Values of Derivative Instruments
Asset Derivatives	36,473	18,294
Liability Derivatives	(117,119)	(165,939)
Fair Value	(80,646)	(147,645)
Futures Contracts | Metals
Fair Values of Derivative Instruments
Asset Derivatives	1,108,210	1,206,519
Liability Derivatives	(1,858,575)	(912,776)
Fair Value	(750,365)	293,743
Futures Contracts | Soft commodities
Fair Values of Derivative Instruments
Asset Derivatives	259,518	101,389
Liability Derivatives	(290,922)	(273,791)
Fair Value	(31,404)	(172,402)
Futures Contracts | Stock indices
Fair Values of Derivative Instruments
Asset Derivatives	1,386,205	614,583
Liability Derivatives	(384,690)	(935,898)
Fair Value	1,001,515	(321,315)
Forward Contracts
Fair Values of Derivative Instruments
Fair Value	80,142	(240,659)
Forward Contracts | Currencies
Fair Values of Derivative Instruments
Asset Derivatives	1,071,156	682,325
Liability Derivatives	(991,014)	(922,984)
Fair Value	$ 80,142	$ (240,659)
Sector exposure index	32.00%	42.00%
Swap Contracts
Fair Values of Derivative Instruments
Asset Derivatives	$ (1,893,713)	$ 1,168,100
Fair Value	$ (1,893,713)	$ 1,168,100
Sector exposure index	100.00%	100.00%
Financial contracts | Stock indices contracts and stock index options contracts
Fair Values of Derivative Instruments
Sector exposure index	17.00%

Derivative Instruments - Effect

Derivative Instruments - Effect of Derivatives on Statement of Operations (Details)	3 Months Ended
	Mar. 31, 2016USD ($)instrument	Mar. 31, 2015USD ($)instrument
Derivative Instruments
Rarely exceeded margin-to-equity ratio (as a percent)	25.00%
Futures, Forward, and Swap Contracts
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ 13,095,548	$ 16,819,123
Futures Contracts
Derivative Instruments
Monthly average number of derivative instruments bought and sold | instrument	53,183	72,405
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ 15,953,388	$ 17,120,472
Futures Contracts | Agriculturals
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	(549,338)	(1,756,907)
Futures Contracts | Currencies
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	(1,370,843)	5,506,085
Futures Contracts | Energy
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	2,384,901	(129,702)
Futures Contracts | Interest rates
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	15,437,452	8,576,983
Futures Contracts | Meats
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	(248,074)	577,289
Futures Contracts | Metals
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	(1,397,295)	(2,298,370)
Futures Contracts | Soft commodities
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	(310,625)	100,072
Futures Contracts | Stock indices
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ 2,007,210	$ 6,545,022
Forward Contracts
Derivative Instruments
Monthly average number of derivative instruments bought and sold | instrument	500	15,096
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ 203,973	$ (301,349)
Forward Contracts | Currencies
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	203,973	$ (301,349)
Swap Contracts
Effect of Derivative Instruments on the Consolidated Statement of Operations
Gains (losses) on derivatives instruments	$ (3,061,813)

Derivative Instruments - Deriva

Derivative Instruments - Derivatives by Line Item in Statement of Operations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Futures, Forward, and Swap Contracts
Net gain (loss) from futures and forward currency trading
Total realized and changed in unrealized net gain (loss) from futures and forward currency trading	$ 13,095,548	$ 16,819,123
Futures Contracts
Net gain (loss) from futures and forward currency trading
Realized	14,610,964	21,735,994
Change in unrealized	1,342,424	(4,615,522)
Total realized and changed in unrealized net gain (loss) from futures and forward currency trading	15,953,388	17,120,472
Forward Contracts
Net gain (loss) from futures and forward currency trading
Realized	(116,827)	(43,760)
Change in unrealized	320,800	(257,589)
Total realized and changed in unrealized net gain (loss) from futures and forward currency trading	203,973	$ (301,349)
Swap Contracts
Net gain (loss) from futures and forward currency trading
Change in unrealized	(3,061,813)
Total realized and changed in unrealized net gain (loss) from futures and forward currency trading	$ (3,061,813)

Derivative Instruments - Offset

Derivative Instruments - Offsetting of Derivative Assets (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Offsetting of Derivative Assets
Gross Amount of Recognized Assets	$ 8,279,825	$ 8,801,134
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(7,923,377)	(7,046,098)
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	356,448	1,755,036
Futures Contracts
Offsetting of Derivative Assets
Gross Amount of Recognized Assets	7,208,669	6,950,709
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(5,038,650)	(6,123,114)
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	2,170,019	827,595
Forward Contracts
Offsetting of Derivative Assets
Gross Amount of Recognized Assets	1,071,156	682,325
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(991,014)	(922,984)
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	80,142	(240,659)
Swap Contracts
Offsetting of Derivative Assets
Gross Amount of Recognized Assets		1,168,100
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(1,893,713)
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	$ (1,893,713)	$ 1,168,100

Derivative Instruments - Offs34

Derivative Instruments - Offsetting of Derivative Liabilities (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Offsetting of Derivative Liabilities
Gross Amount of Recognized Liabilities	$ 7,923,377	$ 7,046,098
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(7,923,377)	(7,046,098)
Futures Contracts
Offsetting of Derivative Liabilities
Gross Amount of Recognized Liabilities	5,038,650	6,123,114
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(5,038,650)	(6,123,114)
Forward Contracts
Offsetting of Derivative Liabilities
Gross Amount of Recognized Liabilities	991,014	922,984
Gross Amounts Offset in the Consolidated Statement of Financial Condition	(991,014)	$ (922,984)
Swap Contracts
Offsetting of Derivative Liabilities
Gross Amount of Recognized Liabilities	1,893,713
Gross Amounts Offset in the Consolidated Statement of Financial Condition	$ (1,893,713)

Derivative Instruments - Collat

Derivative Instruments - Collateral by Counterparty (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Derivatives Assets and Liabilities Collateral Received by Counterparty
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	$ 356,448	$ 1,755,036
Net Amount	356,448	1,755,036
Deutsche Bank AG
Derivatives Assets and Liabilities Collateral Received by Counterparty
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition		1,168,100
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	(1,893,713)
Net Amount	(1,893,713)
Net Amount		1,168,100
ED&F Man Capital Markets Inc
Derivatives Assets and Liabilities Collateral Received by Counterparty
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition		525,206
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	(77,801)
Net Amount	(77,801)
Net Amount		525,206
SG Americas Securities, LLC
Derivatives Assets and Liabilities Collateral Received by Counterparty
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	1,670,917	281,024
Net Amount	1,670,917	281,024
UBS Securities LLC
Derivatives Assets and Liabilities Collateral Received by Counterparty
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition	657,045
Net Amount of Unrealized Gain Presented in the Consolidated Statement of Financial Condition		(219,294)
Net Amount		$ (219,294)
Net Amount	$ 657,045