Investments (Tables)

12 Months Ended

Dec. 31, 2013

Investments Schedule [Abstract]

Company's Investments and Securities Sold, Not Yet Purchased

The Company’s investments and securities sold, not yet purchased, consist of the following at December 31, 2013 and 2012:

	December 31,
	2013		2012
Debt (including interest-bearing deposits of $516 and $578, respectively)	$	8,529	$	5,948
Equities		59,394		44,992
Funds:
Alternative investments (a)		37,030		57,890
Debt (a)		58,769		32,077
Equity (a)		190,702		154,310
Private equity		114,193		112,444
		400,694		356,721
Equity method		9,488		7,012
Total investments		478,105		414,673
Less:
Interest-bearing deposits		516		578
Equity method		9,488		7,012
Investments, at fair value	$	468,101	$	407,083
Securities sold, not yet purchased, at fair value (included in “other liabilities”)	$	4,045	$	2,755

(a) Interests in alternative investment funds, debt funds and equity funds include investments with fair values of $7,099, $31,515 and $130,481, respectively, at December 31, 2013 and $5,054, $18,615 and $76,907, respectively, at December 31, 2012, held in order to satisfy the Company’s liability upon vesting of previously granted Lazard Fund Interests and other similar deferred compensation arrangements. Lazard Fund Interests represent grants by the Company to eligible employees of actual or notional interests in a number of Lazard-managed funds (see Notes 7 and 14 of Notes to Consolidated Financial Statements).

Schedule of Trading Securities Gross Unrealized Investment Gains and Losses

During the years ended December 31, 2013, 2012 and 2011, the Company reported in revenue-other on its consolidated statements of operations gross unrealized investment gains and losses pertaining to “trading” securities as follows:

	Year Ended December 31,
	2013		2012		2011
Gross unrealized investment gains	$	19,465	$	23,024	$	2,180
Gross unrealized investment losses	$	2,995	$	697	$	12,844