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Investments In Equity Method Affiliates (Tables)
 12 Months Ended
Dec. 31, 2013
Investments in Equity Method Affiliates [Abstract]  
Schedule Of Investments In Equity Method Affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INVESTMENTS IN EQUITY METHOD AFFILIATES

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Star

 

Deep

 

Deep

 

Star

 

Star

 

Star Asia

 

Star

 

 

 

 

 

 

 

Asia

 

Value

 

Value

 

Asia

 

Asia

 

Capital

 

Asia

 

SAA

 

 

 

 

 

Manager (3)

 

GP

 

GP II

 

SPV (3)

 

Opportunity (3)

 

Management (3)

 

Opportunity II (3)

 

Manager (3)

 

Other

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2010

$
202 

 

$
269 

 

$
31 

 

$
1,604 

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$
2,106 

Investment / advances

 

 -

 

 

 -

 

 

 -

 

 
6 

 

 
4,055 

 

 
6 

 

 

 -

 

 

 -

 

 
964 

 

 
5,031 

Distributions / repayments

 
(850)

 

 
(4,597)

 

 

 -

 

 
(1,846)

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
(7,293)

Earnings / (loss) realized

 
1,694 

 

 
4,349 

 

 
2 

 

 
702 

 

 
405 

 

 
44 

 

 

 -

 

 

 -

 

 
(964)

 

 
6,232 

December 31, 2011

 
1,046 

 

 
21 

 

 
33 

 

 
466 

 

 
4,460 

 

 
50 

 

 

 -

 

 

 -

 

 

 -

 

 
6,076 

Investment / advances

 

 -

 

 

 -

 

 

 -

 

 
10 

 

 

 -

 

 
6 

 

 
4,700 

 

 

 -

 

 

 -

 

 
4,716 

Distributions / repayments

 
(1,600)

 

 

 -

 

 
(1,720)

 

 
(662)

 

 
(4,982)

 

 
(652)

 

 
(2,477)

 

 

 -

 

 

 -

 

 
(12,093)

Reorganization (1)

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
(1,841)

 

 

 -

 

 

 -

 

 
(1,841)

Earnings / (loss) realized

 
1,101 

 

 
(14)

 

 
1,726 

 

 
1,581 

 

 
544 

 

 
504 

 

 
(382)

 

 
(8)

 

 

 -

 

 
5,052 

December 31, 2012

 
547 

 

 
7 

 

 
39 

 

 
1,395 

 

 
22 

 

 
(92)

 

 

 -

 

 
(8)

 

 

 -

 

 
1,910 

Investments / advances

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
10 

 

 
20 

 

 
30 

Distributions / repayments

 

 -

 

 
(7)

 

 
(26)

 

 
(2,682)

 

 

 -

 

 
(134)

 

 

 -

 

 
(245)

 

 

 -

 

 
(3,094)

Acquisition (2)

 
(705)

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
(705)

Earnings / (loss) realized

 
158 

 

 

 -

 

 
(13)

 

 
1,287 

 

 
(5)

 

 
145 

 

 

 -

 

 
255 

 

 
1 

 

 
1,828 

December 31, 2013

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$
17 

 

$
(81)

 

$

 -

 

$
12 

 

$
21 

 

$
(31)

 

(1)On December 20, 2012, Star Asia Opportunity II completed a reorganization whereby its assets were contributed into a subsidiary of the Star Asia Special Situations Fund. The net effect of the reorganization to the Company was that the Company exchanged its ownership interest in Star Asia Opportunity II for cash and an interest in the Star Asia Special Situations Fund. The Star Asia Special Situations Fund is carried at fair value and included as a component of other investments, at fair value.

The cash received by the Company in the reorganization is included as distributions / repayments above. The remaining carrying value of the Company’s equity method investment in Star Asia Opportunity II was $1,841 after taking into account the cash distribution from the reorganization. This amount was reclassified from investments in equity method affiliates to other investments, at fair value. It is shown as reorganization in the table above and is treated as the cost basis of the Company’s investment in the Star Asia Special Situations Fund. Any difference between the cost basis assigned and the fair value of the Company’s investment in the Star Asia Special Situations Fund is included as a component of principal transactions, and other income. See notes 8, 9, 28, and 29.

 

(2)See note 4.

 

(3)See note 31.

Summarized Data Of Equity Method Investees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUMMARY DATA OF EQUITY METHOD INVESTEES

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

December 31, 2012

Total Assets

 

$
370,388 

 

$
279,874 

 

 

 

 

 

 

 

Liabilities

 

$
144,578 

 

$
96,981 

Equity attributable to the investees

 

 
225,810 

 

 
182,277 

Non-controlling interest

 

 

 -

 

 
616 

Total Liabilities & Equity

 

$
370,388 

 

$
279,874 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

Net income / (loss)

$
28,885 

 

$
2,248 

 

$
12,786 

 

 

 

 

 

 

 

 

 

Net income / (loss) attributable to the investees

$
29,501 

 

$
2,667 

 

$
12,818