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Investment Portfolio
 6 Months Ended
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