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Investment Portfolio (Tables) | 12 Months Ended
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Dec. 31, 2016
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, 2016 and 2015:
| As of December 31,
| 2016 |  | 2015
Trading investments: |  |  |
Securities held in Consolidated Funds(a) | $ | 57,355,471 |  |  | $ | — |
Company sponsored investments(b) | 20,245 |  |  | 33,245,299 |
Company sponsored equity method investments | 36,457,449 |  |  | 11,284,109 |
Deferred compensation plan investments | 14,182,470 |  |  | 7,961,412 |
Total Investment portfolio | $ | 108,015,635 |  |  | $ | 52,490,820 |
(a) Of the securities held in the Consolidated Funds as of December 31, 2016, $42.6 million were held directly by the Company and $14.7 million were held by noncontrolling shareh olde rs. (b) Upon the adoption of ASU 2015-02 on January 1, 2016, $21.1 million of investments classified as trading investments in 2015 were reclassified to equity method investments.
Equity Method Investments | The following table includes the condensed summary financial information from the Company's equity method investments as of and for the years ended December 31, 2016, 2015 and 2014:
| As of December 31,
| 2016 |  | 2015 |  | 2014
Total assets | $ | 189,819,824 |  |  | $ | 11,653,249 |  |  | $ | 15,131,651 |
Total liabilities | 45,931,979 |  |  | 25,996 |  |  | 3,015 |
Net assets | 143,887,845 |  |  | 11,627,253 |  |  | 15,128,636 |
DHCM's portion of net assets | 41,338,046 |  |  | 11,284,109 |  |  | 14,652,589 |
| For the Year Ended December 31,
| 2016 |  | 2015 |  | 2014
Investment income | $ | 3,272,972 |  |  | $ | 792,691 |  |  | $ | 128,826 |
Expenses | 1,409,896 |  |  | 5,506 |  |  | 5,362 |
Net realized gains (losses) | 1,981,185 |  |  | 1,219,565 |  |  | 262,754 |
Net change in unrealized appreciation/depreciation | 10,458,073 |  |  | (1,879,047 | ) |  | 137,935 |
Net income | 14,302,334 |  |  | 127,703 |  |  | 524,153 |
DHCM's portion of net income | 4,392,636 |  |  | 124,825 |  |  | 491,951 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
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- Definition Tabular disclosure of the summary of investment holdings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-12C) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611225-123010 + Details
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