Investments (Tables)

9 Months Ended

Sep. 30, 2014

Investments [Abstract]

Schedule of Investments

The Company’s proprietary investments include investments in private companies and partnerships, registered mutual funds, warrants of public and private companies and private company debt. Investments included:

	September 30,			December 31,
(Dollars in thousands)	2014			2013
Investments at fair value	$	92,173		$	69,930
Investments at cost	7,683			20,709
Investments accounted for under the equity method	25,311			21,404
Total investments	125,167			112,043
Less investments attributable to noncontrolling interests (1)	(30,344		)	(21,137		)
	$	94,823		$	90,906

(1) Noncontrolling interests are attributable to third party ownership in a consolidated merchant banking fund and private equity investment vehicles.