Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2012

Financial Highlights for the three and six months ended June 30, 2012 and 2011 were as follows:

	For the Three						For the Six
	Months Ended June 30						Months Ended June 30,
	2012			2011			2012			2011
Per Unit operating performance:
Net asset value at the beginning of the period:	$	14.72		$	15.80		$	14.83		$	17.12

Interest Income		-	(3)		-	(3)		-	(3)		0.01
Expenses		(0.22	)		(0.24	)		(0.45	)		(0.50	)
Realized/Unrealized Loss (1)		(0.12	)		(0.50	)(4)		-	(3)		(1.57	)(4)
Net Loss		(0.34	)		(0.74	)		(0.45	)		(2.06	)

Net asset value, June 30:	$	14.38		$	15.06		$	14.38		$	15.06

Ratios to average net assets:
Net Investment Loss (2)		(6.2	)%		(6.3	)%		(6.2	)%		(6.3	)%
Expenses before Incentive Fees (2)		6.2	%		6.3	%		6.2	%		6.3	%
Expenses after Incentive Fees (2)		6.2	%		6.3	%		6.2	%		6.3	%
Net Loss (2)		(9.5	)%		(19.2	)%		(6.0	)%		(26.5	)%
Total return before incentive fees		(2.3	)%		(4.7	)%		(3.0	)%		(12.0	)%
Total return after incentive fees		(2.3	)%		(4.7	)%		(3.0	)%		(12.0	)%

(1)	Realized/Unrealized Loss is a balancing amount necessary to reconcile the change in net asset value per Unit with the other per Unit information.

(2)	Annualized (except for incentive fees if applicable).

(3)	Amounts less than $0.005 per Units.

(4)	These amounts have been reclassified from the prior year financial statements to conform to the current year presentation. Specifically, realized and unrealized income (loss) per Unit amounts were combined in the 2011 Financial Highlights presentation.

MORGAN STANLEY SMITH BARNEY SPECTRUM GLOBAL BALANCED LP 10-Q