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Securities
12 Months Ended
Dec. 31, 2022
Securities  
Securities

Note 6. Securities

As at December 31:

    

2022

    

2021

Short-term securities

 

  

 

  

Equity securities at FVTPL, publicly traded

$

1,598

$

4,939

Investment funds at FVTPL, unlisted

1,675

2,761

Debt securities at FVTPL, unlisted

774

770

Debt securities at FVTOCI, publicly traded

 

26,246

 

10,786

$

30,293

$

19,256

Long-term securities

Equity securities in an affiliate at FVTPL, unlisted

$

2,435

$

3,625

Investment funds comprise capital provision investments which are financial assets measured at FVTPL. They are related to the provision of capital in connection with litigation finance and represent the Group’s contributions plus or minus fair valuation adjustments.

Debt securities at FVTOCI included sovereign bonds issued by a European government of $9,388 and $10,461 respectively, as at December 31, 2022 and 2021, which represented 31% and 54%, respectively, of total short-term securities. Sovereign bonds issued by another European government of $16,541 and $nil, respectively, as at December 31, 2022 and 2021, represented 55% and 0%, respectively, of total sort-term securities.