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Investment Portfolio (Notes) | 12 Months Ended
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Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract] |
Investment Portfolio | Investment Portfolio As of December 31, 2014, the Company held investments (excluding money market funds, included with cash and cash equivalents) worth $45.4 million and an estimated cost basis of $37.1 million. The following table summarizes the fair value of these investments as of December 31, 2014 and 2013:
| As of December 31,
| 2014 |  | 2013
Seed Capital Investments: |  |  |
Diamond Hill Research Opportunities Fund | $ | 13,143,281 |  |  | $ | 13,305,830 |
Diamond Hill Mid Cap Fund | 10,729,930 |  |  | — |
Diamond Hill Financial Long-Short Fund | 1,222,892 |  |  | 1,131,034 |
Diamond Hill High Yield Fund, L.P. | 9,764,814 |  |  | — |
Diamond Hill Valuation-Weighted 500, L.P. | 3,398,035 |  |  | 3,000,328 |
Diamond Hill Global Fund, L.P. | 1,489,740 |  |  | — |
Diamond Hill Investment Partners, L.P. | — |  |  | 1,133 |
Total Seed Capital Investments | 39,748,692 |  |  | 17,438,325 |
Deferred Compensation Investments | 5,678,764 |  |  | 1,287,745 |
Total Investment Portfolio | $ | 45,427,456 |  |  | $ | 18,726,070 |
The deferred compensation investments above consists of Diamond Hill Funds and relate to deferred compensation 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, marketable equity securities and fixed income securities. Summary financial information, including the Company’s carrying value and income from the Partnerships, is as follows:
| As of December 31,
| 2014 |  | 2013 |  | 2012
Total partnership assets | $ | 128,182,211 |  |  | $ | 122,106,403 |  |  | $ | 105,472,952 |
Total partnership liabilities | 21,782,571 |  |  | 25,217,600 |  |  | 17,786,579 |
Net partnership assets | $ | 106,399,640 |  |  | $ | 96,888,803 |  |  | $ | 87,686,373 |
DHCM’s portion of net assets | $ | 14,652,589 |  |  | $ | 3,001,461 |  |  | $ | 3,650,561 |
| For the Year Ended December 31,
| 2014 |  | 2013 |  | 2012
Net partnership income | $ | 8,870,418 |  |  | $ | 24,294,495 |  |  | $ | 15,054,951 |
DHCM’s portion of net income | $ | 491,951 |  |  | $ | 899,958 |  |  | $ | 472,659 |

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