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Investment Portfolio (Notes) | 12 Months Ended
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Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract] |
Investment Portfolio | Investment Portfolio As of December 31, 2015, the Company held investments (excluding third party money market funds, included with cash and cash equivalents) worth $52.5 million and an estimated cost basis of $48.7 million. The following table summarizes the fair value of these investments as of December 31, 2015 and 2014:
| As of December 31,
| 2015 |  | 2014
Corporate Investments: |  |  |
Diamond Hill Mid Cap Fund | $ | 10,749,860 |  |  | $ | 10,729,930 |
Diamond Hill Research Opportunities Fund | 10,306,395 |  |  | 13,143,281 |
Diamond Hill Financial Long-Short Fund | 967,721 |  |  | 1,222,892 |
Diamond Hill Valuation-Weighted 500 ETF(a) | 11,221,323 |  |  | — |
Diamond Hill Valuation-Weighted 500, L.P.(a) | — |  |  | 3,398,035 |
Diamond Hill High Yield Fund, L.P. | 9,874,099 |  |  | 9,764,814 |
Diamond Hill Global Fund, L.P. | 1,410,010 |  |  | 1,489,740 |
Total Corporate Investments | 44,529,408 |  |  | 39,748,692 |
Deferred Compensation Investments | 7,961,412 |  |  | 5,678,764 |
Total Investment Portfolio | $ | 52,490,820 |  |  | $ | 45,427,456 |
(a) During the second quarter of 2015, the Company converted the Diamond Hill Valuation-Weighted 500, L.P. to the Diamond Hill Valuation-Weighted 500 ETF by liquidating its investment in the partnership and purchasing into the Diamond Hill Valuation-Weighted 500 ETF. The deferred compensation investments above consist of Diamond Hill Funds and relate to deferred compensation liabilities from both deferred compensation plans (refer to Note 6). The underlying assets of the LPs are cash, marketable equity securities and fixed income securities. Summary financial information, including the Company’s carrying value and income is as follows for DHIP and the Remaining LPs, respectively:
Summary Financial Information - DHIP | As of December 31,
| 2015 |  | 2014 |  | 2013
Total assets | $ | 104,763,018 |  |  | $ | 113,050,560 |  |  | $ | 118,989,180 |
Total liabilities | 24,622,223 |  |  | 21,779,556 |  |  | 25,217,600 |
Net assets | $ | 80,140,795 |  |  | $ | 91,271,004 |  |  | $ | 93,771,580 |
DHCM’s portion of net assets | $ | — |  |  | $ | — |  |  | $ | 1,133 |
| For the Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Net income (loss) | $ | (9,145,162 | ) |  | $ | 8,346,265 |  |  | $ | 23,358,257 |
DHCM’s portion of net income | $ | — |  |  | $ | — |  |  | $ | 1,798 |
Summary Financial Information - Remaining LPs | As of December 31,
| 2015 |  | 2014 |  | 2013
Total assets | $ | 11,653,249 |  |  | $ | 15,131,651 |  |  | $ | 3,117,223 |
Total liabilities | 25,996 |  |  | 3,015 |  |  | — |
Net assets | $ | 11,627,253 |  |  | $ | 15,128,636 |  |  | $ | 3,117,223 |
DHCM’s portion of net assets | $ | 11,274,109 |  |  | $ | 14,652,589 |  |  | $ | 3,000,328 |
| For the Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Net income | $ | 127,703 |  |  | $ | 524,153 |  |  | $ | 936,238 |
DHCM’s portion of net income | $ | 124,825 |  |  | $ | 491,951 |  |  | $ | 898,160 |

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