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Investment Portfolio (Notes) | 12 Months Ended
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Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract] |
Investment Portfolio | Investment Portfolio As of December 31, 2013, the Company held investments (excluding money market funds, included with cash and cash equivalents) worth $18.7 million and an estimated cost basis of $11.6 million. The following table summarizes the fair value of these investments as of December 31, 2013 and 2012:
| As of December 31,
| 2013 |  | 2012
Diamond Hill Small Cap Fund | $ | — |  |  | $ | 215,550 |
Diamond Hill Small-Mid Cap Fund | — |  |  | 239,316 |
Diamond Hill Large Cap Fund | — |  |  | 246,744 |
Diamond Hill Select Fund | — |  |  | 242,252 |
Diamond Hill Long-Short Fund | 1,287,745 |  |  | 1,036,045 |
Diamond Hill Financial Long-Short Fund | 1,131,034 |  |  | — |
Diamond Hill Research Opportunities Fund | 13,305,830 |  |  | 10,658,665 |
Diamond Hill Strategic Income Fund | — |  |  | 214,598 |
Diamond Hill Investment Partners, L.P. | 1,133 |  |  | 7,336 |
Diamond Hill Global Fund, L.P.(a) | — |  |  | 1,384,976 |
Diamond Hill Valuation-Weighted 500, L.P. | 3,000,328 |  |  | 2,258,249 |
Total Investment Portfolio | $ | 18,726,070 |  |  | $ | 16,503,731 |
(a) - Diamond Hill Global Fund, L.P. ("DHGF"), formerly Diamond Hill Research Partners – International, L.P. DHCM is the managing member of 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,
| 2013 |  | 2012 |  | 2011
Total partnership assets | $ | 122,106,403 |  |  | $ | 105,472,952 |  |  | $ | 130,880,368 |
Total partnership liabilities | 25,217,600 |  |  | 17,786,579 |  |  | 21,570,822 |
Net partnership assets | $ | 96,888,803 |  |  | $ | 87,686,373 |  |  | $ | 109,309,546 |
DHCM’s portion of net assets | $ | 3,001,461 |  |  | $ | 3,650,561 |  |  | $ | 6,977,929 |
| For the Year Ended December 31,
| 2013 |  | 2012 |  | 2011
Net partnership income (loss) | $ | 24,294,495 |  |  | $ | 15,054,951 |  |  | $ | (11,007,617 | )
DHCM’s portion of net income (loss) | $ | 899,958 |  |  | $ | 472,659 |  |  | $ | (75,082 | )

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27405-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 + Details
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