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Investment Portfolio (Notes)
 12 Months Ended
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
)