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Investment Portfolio | 9 Months Ended
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Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract] |
Investment Portfolio | Investment Portfolio As of September 30, 2016, the Company held investments (excluding third party money market funds which are included with cash and cash equivalents) worth $87.0 million. The following table summarizes the fair value of these investments as of September 30, 2016:
| As of
| September 30, 2016
Trading investments: |
Securities held in Consolidated Funds(a) | $ | 45,704,913 |
Seed capital investments | 20,224 |
Seed capital equity method investments | 27,952,788 |
Deferred compensation investments | 13,369,919 |
Total Investment portfolio | $ | 87,047,844 |
(a) Of the securities held in the Consolidated Funds as of September 30, 2016, $41.6 million were held directly by the Company and $4.1 million were held by noncontrolling shareh olders. The deferred compensation investments above consist of Diamond Hill Funds and relate to deferred compensation liabilities from both deferred compensation plans (refer to Note 5). As of September 30, 2016, trading investments and equity method investments held in deferred compensation investments were $8.9 million and $4.5 million, respectively. The Company's equity method investments consist of cash, marketable equity securities and fixed income securities. The following table includes summary financial information from the Company's equity method investments as of and for the period ended September 30, 2016:
| As of
| September 30, 2016
Total assets | $ | 134,675,293 |
Total liabilities | 15,914,316 |
Net assets | 118,760,977 |
DHCM's portion of net assets | 32,444,008 |
| For the Nine Months Ended
| September 30, 2016
Net income | $ | 7,920,249 |
DHCM's portion of net income | 2,715,921 |

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