Investment Portfolio (Tables)

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

The following table summarizes the carrying value of these investments as of March 31, 2017 and December 31, 2016:



	As of
	March 31, 2017		December 31, 2016
Trading investments:
Securities held in Consolidated Funds^(a)	$	61,452,815	$	57,355,471
Company sponsored investments	6,459,664		20,245
Company sponsored equity method investments	30,827,940		36,457,449
Deferred compensation investments	18,683,617		14,182,470
Total Investment portfolio	$	117,424,036	$	108,015,635

(a) Of the securities held in the Consolidated Funds as of March 31, 2017, $43.9 million were held directly by the Company and $17.6 million were held by noncontrolling shareholders. 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 shareholders.

Equity Method Investments

The following table includes the condensed summary financial information from the Company's equity method investments as of and for the period ended March 31, 2017:



	As of
	March 31, 2017		December 31, 2016
Total assets	$	200,584,608	$	189,819,824
Total liabilities	45,863,330		45,931,979
Net assets	154,721,278		143,887,845
DHCM's portion of net assets	36,711,852		41,338,406

	For the Three Months Ended
	March 31, 2017		March 31, 2016
Investment income	$	458,399	$	355,853
Expenses	370,393		62,226
Net realized gains (losses)	1,299,286		(95,785		)
Net change in unrealized appreciation/depreciation	2,921,247		1,104,266
Net income	$	4,308,539	$	1,302,108
DHCM's portion of net income	1,416,849		646,565