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Investment Portfolio
 12 Months Ended
Dec. 31, 2011
Investment Portfolio [Abstract]  
Investment Portfolio
Note 3 Investment Portfolio
As of December 31, 2011, the Company held investments worth $8.2 million and an estimated cost basis of $5.3 million. The following table summarizes the market value of these investments for the last two fiscal years:
                 
    As of December 31,  
    2011     2010  
Diamond Hill Small Cap Fund
  $ 189,042     $ 211,301  
Diamond Hill Small-Mid Cap Fund
    203,571       217,915  
Diamond Hill Large Cap Fund
    213,110       210,413  
Diamond Hill Select Fund
    214,833       221,491  
Diamond Hill Long-Short Fund
    212,720       206,312  
Diamond Hill Strategic Income Fund
    197,284       198,566  
Diamond Hill Investment Partners, L.P.
    156,122       1,177,098  
Diamond Hill Investment Partners II, L.P.
    131,203       1,155,022  
Diamond Hill Research Partners, L.P.
    5,770,874       7,928,942  
Diamond Hill Research Partners — International, L.P.
    919,730       —  
 
           
Total Investment Portfolio
  $ 8,208,489     $ 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 December 31,  
    2011     2010     2009  
Total partnership assets
  $ 130,880,368     $ 173,007,238     $ 188,716,374  
Total partnership liabilities
    21,570,822       32,855,190       40,583,059  
 
                 
Net partnership assets
    109,309,546       140,152,048       148,133,315  
DHCM’s portion of net assets
    6,977,929       10,261,062       12,321,797  
                         
    For the Year Ended December 31,  
    2011     2010     2009  
Net partnership income (loss)
    (11,007,617 )     4,486,719       35,193,357  
DHCM’s portion of net income (loss)
    (75,082 )     939,265       4,634,391  
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.