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Investments
 6 Months Ended
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Investments
Investments

At June 30, 2018 and December 31, 2017, Federated held investments in Separate Accounts of $6.2 million and $6.3 million, respectively, and investments in fluctuating-value Federated Funds of $2.6 million and $1.6 million, respectively, that were included in Investments—Affiliates and Other on the Consolidated Balance Sheets.

Federated's investments held in Separate Accounts as of June 30, 2018 and December 31, 2017, were primarily composed of domestic debt securities ($2.9 million and $3.0 million, respectively) and stocks of large U.S. and international companies ($2.5 million and $2.6 million, respectively).

Federated consolidates certain Federated Funds into its Consolidated Financial Statements as a result of Federated's controlling financial interest in these Federated Funds (see Note (7)). All investments held by these Federated Funds were included in Investments—Consolidated Investment Companies on Federated's Consolidated Balance Sheets.

Federated's investments held by consolidated Federated Funds as of June 30, 2018 and December 31, 2017, were primarily composed of domestic and foreign debt securities ($31.3 million and $39.2 million, respectively) and stocks of small and medium-sized companies ($3.8 million as of December 31, 2017).

The following table presents gains and losses recognized in (Loss) Gain on Securities, net on the Consolidated Statements of Income in connection with Federated's investments:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
(in thousands)
 
2018

 
2017

 
2018

 
2017

Investments—Consolidated Investment Companies
 
 
 
 
 
 
 
 
Unrealized (Losses) Gains
 
$
(653
)
 
$
389

 
$
(2,343
)
 
$
1,096

Realized Gains1
 
501

 
1,075

 
1,325

 
2,074

Realized Losses1
 
(723
)
 
(131
)
 
(898
)
 
(699
)
Net (Losses) Gains on Investments—Consolidated Investment Companies
 
(875
)
 
1,333

 
(1,916
)
 
2,471

Investments—Affiliates and Other
 
 
 
 
 
 
 
 
Unrealized Gains (Losses) Recognized on Securities Still Held
 
9

 
11

 
(206
)
 
271

Net Realized Gains Recognized on Securities Sold1
 
51

 
890

 
125

 
2,054

Net Gains (Losses) on Investments—Affiliates and Other
 
60

 
901

 
(81
)
 
2,325

(Loss) Gain on Securities, net
 
$
(815
)
 
$
2,234

 
$
(1,997
)
 
$
4,796

1 
Realized gains and losses are computed on a specific-identification basis.