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Investment Portfolio | 6 Months Ended
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Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract] |
Investment Portfolio | Investment Portfolio As of June 30, 2014, the Company held investments (excluding money market funds, included with cash and cash equivalents) worth $36.1 million with an estimated cost basis of $26.9 million. The following table summarizes the fair value of these investments as of June 30, 2014 and December 31, 2013:
| As of
| June 30, 2014 |  | December 31, 2013
Diamond Hill Small Cap Fund | $ | 96,610 |  |  | $ | — |
Diamond Hill Small-Mid Cap Fund | 97,081 |  |  | — |
Diamond Hill Mid Cap Fund | 10,767,562 |  |  | — |
Diamond Hill Large Cap Fund | 1,306,268 |  |  | — |
Diamond Hill Select Fund | 697,723 |  |  | — |
Diamond Hill Long-Short Fund | 1,486,841 |  |  | 1,287,745 |
Diamond Hill Financial Long-Short Fund | 1,212,758 |  |  | 1,131,034 |
Diamond Hill Research Opportunities Fund | 14,869,322 |  |  | 13,305,830 |
Diamond Hill Strategic Income Fund | 815,172 |  |  | — |
Diamond Hill Investment Partners, L.P. | 1,234 |  |  | 1,133 |
Diamond Hill Global Fund, L.P. | 1,519,657 |  |  | — |
Diamond Hill Valuation-Weighted 500, L.P. | 3,221,478 |  |  | 3,000,328 |
Total Investment Portfolio | $ | 36,091,706 |  |  | $ | 18,726,070 |
The following amounts included above relate to deferred compensation liabilities: | $ | 5,394,414 |  |  | $ | 1,287,745 |
The amounts above related to deferred compensation liabilities consist of liabilities from both deferred compensation plans (refer to Note 5) and other deferred compensation arrangements. DHCM is the managing member of the General Partner, 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
| June 30, 2014 |  | December 31, 2013
Total partnership assets | $ | 117,216,278 |  |  | $ | 122,106,403 |
Total partnership liabilities | 22,482,499 |  |  | 25,217,600 |
Net partnership assets | $ | 94,733,779 |  |  | $ | 96,888,803 |
DHCM’s portion of net assets | $ | 4,742,369 |  |  | $ | 3,001,461 |
| For the Six Months Ended |  | For the Year Ended
| June 30, 2014 |  | December 31, 2013
Net partnership income | $ | 7,653,524 |  |  | $ | 24,294,495 |
DHCM’s portion of net income | $ | 315,908 |  |  | $ | 899,958 |

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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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