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Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2014
Accounting Policies [Abstract] |
Summary of Investments Values Based upon Level 1 and Level 2 | The following table summarizes the values of the Company’s investments based upon Level 1 and Level 2 inputs as of June 30, 2014 and December 31, 2013:
| June 30, 2014 |  | December 31, 2013
Level 1 Inputs | $ | 53,157,565 |  |  | $ | 32,528,367 |
Level 2 Inputs | 4,742,369 |  |  | 3,001,461 |
Assets under Management (AUM) Subject to Incentive Fees and Incentive Fees | The table below shows AUM subject to incentive fees and the incentive fees, as calculated under each of the above methods:
| As Of June 30,
| 2014 |  | 2013
AUM Contractual Period Ends: |  |  |
Quarter Ended June 30, 2017 | $ | 402,429,364 |  |  | $ | 331,253,656 |
Quarter Ended December 31, 2018 | 96,462,568 |  |  | — |
Total AUM Subject to Incentive Fees | $ | 498,891,932 |  |  | $ | 331,253,656 |
| For the Three Months Ended |  | For the Six Months Ended
| Ended June 30, |  | Ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Incentive Fees Under Method 1: |  |  |  |  |  |  |
Contractual Period Ends: |  |  |  |  |  |  |
Quarter Ended June 30, 2017 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Quarter Ended December 31, 2018 | — |  |  | — |  |  | — |  |  | — |
Total Incentive Fees Under Method 1 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Incentive Fees Under Method 2: |  |  |  |  |  |  |
Contractual Period Ends: |  |  |  |  |  |  |
Quarter Ended June 30, 2017 | $ | 3,614,204 |  |  | $ | 2,464,815 |  |  | $ | 3,614,204 |  |  | $ | 2,464,815 |
Quarter Ended December 31, 2018 | — |  |  | — |  |  | — |  |  | — |
Total Incentive Fees Under Method 2 | $ | 3,614,204 |  |  | $ | 2,464,815 |  |  | $ | 3,614,204 |  |  | $ | 2,464,815 |
Mutual Fund Administration Gross and Net Revenue | Mutual fund administration gross and net revenue are summarized below:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Mutual fund administration: |  |  |  |  |  |  |
Administration revenue, gross | $ | 5,565,081 |  |  | $ | 4,015,154 |  |  | $ | 10,608,498 |  |  | $ | 7,630,884 |
12b-1/service fees and commission revenue received from fund clients | 2,689,494 |  |  | 1,984,681 |  |  | 5,171,264 |  |  | 3,797,068 |
12b-1/service fees and commission expense payments to third parties | (2,342,897 | ) |  | (1,738,197 | ) |  | (4,499,409 | ) |  | (3,327,009 | )
Fund related expense | (2,419,569 | ) |  | (1,439,651 | ) |  | (4,508,744 | ) |  | (2,760,223 | )
Revenue, net of fund related expenses | 3,492,109 |  |  | 2,821,987 |  |  | 6,771,609 |  |  | 5,340,720 |
DHCM C-Share financing: |  |  |  |  |  |  |
Broker commission advance repayments | 218,108 |  |  | 64,674 |  |  | 391,999 |  |  | 121,332 |
Broker commission amortization | (210,100 | ) |  | (62,881 | ) |  | (385,202 | ) |  | (116,890 | )
Financing activity, net | 8,008 |  |  | 1,793 |  |  | 6,797 |  |  | 4,442 |
Mutual fund administration revenue, net | $ | 3,500,117 |  |  | $ | 2,823,780 |  |  | $ | 6,778,406 |  |  | $ | 5,345,162 |

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- Definition Assets under management (AUM) subject to incentive fees and incentive fees. + References No definition available. + Details
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