SAGE FUND LP

CIK:0001083768|SEC Filings

Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
Statements of Operations (Unaudited) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Gain (Loss) from Futures Trading
Net realized gain (loss)	$ (32,184)	$ (301,443)	$ 40,355	$ 756,855
Net change in unrealized gain (loss)	32,184	1,245,262	(781,186)	1,037,935
Brokerage commissions and trading expenses		(26,604)	(1,060)	(52,192)
Net gain (loss) from futures trading		917,215	(741,891)	1,742,598
Income
Interest income	43	43,073	18,019	101,553
Net realized and change in unrealized loss on securities and certificates of deposit		(27,339)	(5,893)	(55,724)
Total income	43	15,734	12,126	45,829
Expenses
Trading Advisor management fee		48,046	4,703	102,200
Cash Manager fees		6,264	2,300	11,824
Selling Agent fees		191,030	65,239	405,718
Administrative expenses - General Partner	68,520	222,310	292,122	486,861
General Partner management fee		70,044	14,097	148,763
General Partner 1% allocation		5,697	(8,325)	10,195
Total expenses	68,520	543,391	370,136	1,165,561
Administrative expenses waived	(68,477)	(174,445)	(275,730)	(385,209)
Net total expenses	43	368,946	94,406	780,352
Net investment loss		(353,212)	(82,280)	(734,523)
Net Income (Loss)		$ 564,003	$ (824,171)	$ 1,008,075
Increase (decrease) in net asset value per Unit		$ 36.83	$ (77.51)	$ 58.93
Net income (loss) per Unit (based on weighted average number of units outstanding)		$ 38.13	$ (145.64)	$ 64.02
Weighted average number of Units outstanding (in shares)		14,790.9562	5,658.99	15,746.12

Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended	6 Months Ended
Statements of Cash Flows (Unaudited) (USD $)	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities
Net income (loss)	$ 564,003	$ (824,171)	$ 1,008,075
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Net change in unrealized (gain) loss from futures trading		781,186	(1,037,935)
Purchases of securities and certificates of deposit		(1,527,299)	(8,552,521)
Proceeds from disposition of securities and certificates of deposit		10,480,581	13,767,706
Net realized and change in unrealized loss on securities and certificates of deposit	27,339	5,893	55,724
Changes in
Interest receivable		451	(317)
General Partner 1% allocation receivable/payable		15,553	62,546
Trading Advisor management fee payable		(10,503)	(3,102)
Commissions and other trading fees payable on open contracts		(4,743)	(742)
Cash Manager fees payable		(3,208)	(4,313)
General Partner management fee payable		(15,279)	(4,867)
Selling Agent fees payable - General Partner		(41,670)	(13,274)
Administrative expenses payable - General Partner		(10,402)	(3,379)
Net cash provided by operating activities		8,846,389	5,273,601
Cash flows from financing activities
Redemptions		(15,807,557)	(6,304,666)
Net cash used in financing activities		(15,807,557)	(6,304,666)
Net decrease in cash and cash equivalents		(6,961,168)	(1,031,065)
Cash and cash equivalents, beginning of period		6,961,211	10,871,587
Cash and cash equivalents, end of period	9,840,522	43	9,840,522
End of period cash and cash equivalents consists of
Cash in broker trading accounts	7,283,418		7,283,418
Cash and cash equivalents	2,557,104	43	2,557,104
Cash and cash equivalents, end of period	9,840,522	43	9,840,522
Supplemental disclosure of cash flow information
Prior period redemptions paid		474,305	753,660
Supplemental schedule of non-cash financing activities
Redemptions payable			$ 999,052

Statements of Financial Condition (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Equity in broker trading accounts
Cash		$ 5,699,436
Net unrealized gain (loss) on open futures contracts		781,186
Interest receivable		451
Total equity in broker trading accounts		6,481,073
Cash and cash equivalents	43	1,261,775
Investments in securities, at fair value		8,708,110
Certificates of deposit, at fair value		251,065
General Partner 1% allocation receivable		15,553
Total assets	43	16,717,576
Liabilities
Trading Advisor management fee payable		10,503
Commissions and other trading fees payable on open contracts		4,743
Cash Manager fees payable		3,208
General Partner management fee payable		15,279
Selling Agent fees payable - General Partner		41,670
Administrative expenses payable - General Partner	43	10,445
Redemptions payable		474,305
Total liabilities	43	560,153
Partners' Capital (Net Asset Value)
Class A Interests - 0 units and 10,684.3514 units outstanding at June 30, 2014 and December 31, 2013, respectively		16,157,423
Total liabilities and partners' capital (net asset value)	$ 43	$ 16,717,576