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Investment Portfolio
9 Months Ended
Sep. 30, 2011
Investment Portfolio [Abstract] 
Investment Portfolio
Note 3 Investment Portfolio
As of September 30, 2011, the Company held investments worth $9.3 million and an estimated cost basis of $7.2 million. The following table summarizes the market value of these investments as of September 30, 2011 and December 31, 2010:
                 
    September 30,     December 31,  
    2011     2010  
Diamond Hill Small Cap Fund
  $ 178,318     $ 211,301  
Diamond Hill Small-Mid Cap Fund
    186,982       217,915  
Diamond Hill Large Cap Fund
    189,684       210,413  
Diamond Hill Select Fund
    195,080       221,491  
Diamond Hill Long-Short Fund
    193,370       206,312  
Diamond Hill Strategic Income Fund
    193,987       198,566  
Diamond Hill Investment Partners, L.P.
    970,612       1,177,098  
Diamond Hill Investment Partners II, L.P.
    947,772       1,155,022  
Diamond Hill Research Partners, L.P.
    5,291,354       7,928,942  
Diamond Hill Research Partners International, L.P.
    905,711       —  
 
           
Total Investment Portfolio
  $ 9,252,870     $ 11,527,060  
 
           
DHCM is the managing member of the Diamond Hill General Partner LLC, which is the General Partner of the Partnerships. The underlying assets of the Partnerships are cash and marketable equity securities. Summary financial information, including the Company’s carrying value and income from the Partnerships is as follows:
                 
    As of  
    September 30, 2011     December 31, 2010  
Total partnership assets
  $ 124,827,628     $ 173,007,238  
Total partnership liabilities
    22,556,955       32,855,190  
 
           
Net partnership assets
  $ 102,270,673     $ 140,152,048  
DHCM’s portion of net assets
  $ 8,115,449     $ 10,261,062  
                 
    For the     For the  
    Nine Months Ended     Year Ended  
    September 30, 2011     December 31, 2010  
Net partnership income
  $ (21,107,125 )   $ 4,486,719  
DHCM’s portion of net income
  $ (737,615 )   $ 939,265  
DHCM’s income from the Partnerships includes its pro-rata capital allocation and its share of an incentive allocation, if any, from the limited partners.