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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2013
Summary of Significant Accounting Policies [Abstract]  
Summary of Revenue Concentration

 

 

 

 

 

 

 

 

 

 

SUMMARY OF REVENUE CONCENTRATION

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

2013

 

2012

 

2011

CDO Asset Management

 

 

 

 

 

 

 

 

 

CDO asset management revenue and related service agreements

 

$
14,228 

 

$
21,729 

 

$
19,055 

Total asset management revenue

 

$
19,803 

 

$
23,172 

 

$
21,698 

Total revenues

 

$
57,517 

 

$
95,240 

 

$
100,331 

CDO asset management % as compared to total asset management fees

 

 
72% 

 

 
94% 

 

 
88% 

CDO asset management % as compared to total revenues

 

 
25% 

 

 
23% 

 

 
19% 

Number of CDOs generating management fees

 

 
21 

 

 
25 

 

 
26 

 

 

 

 

 

 

 

 

 

 

Principal Transactions

 

 

 

 

 

 

 

 

 

Principal transactions and other income

 

 
(7,232)

 

 
(2,439)

 

 
1,881 

Principal transactions % as compared to total revenues

 

 

-13%

 

 

-3%

 

 
2%