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Investment Portfolio (Tables)
 12 Months Ended
Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Summary of market value of investments
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.
Carrying value and income from the Partnerships
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