Investment Funds

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Investment funds consist of the following:



	Carrying Value as of December 31,				Income (Losses)
(In thousands)	2015		2014		2015			2014		2013
Real estate	$	580,830	$	466,703	$	58,032		$	26,233	$	9,315
Energy	93,719		152,056		(37,373		)	12,797		29,739
Hedged equity	70,580		282,335		(2,762		)	10,760		7,655
Other funds	424,911		310,307		44,331			81,859		21,003
Total	$	1,170,040	$	1,211,401	$	62,228		$	131,649	$	67,712

Other funds include private equity investments carried on the equity method of accounting, which includes a publicly traded common stock investment in HealthEquity, Inc. (HQY). Our ownership interest in HQY as of December 31, 2015 is approximately 21% with a fair value of $300.1 million and a carrying value of $45.4 million.