Investments (Tables)

12 Months Ended

Dec. 31, 2015

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, 2015 and 2014:

	December 31,
	2015		2014
Interest-bearing deposits	$	54,885	$	84,575
Debt		535		10,426
Equities		44,834		57,302
Funds:
Alternative investments (a)		67,600		34,705
Debt (a)		67,134		82,889
Equity (a)		197,787		228,209
Private equity		100,219		114,470
		432,740		460,273
Equity method		8,917		7,776
Total investments		541,911		620,352
Less:
Interest-bearing deposits		54,885		84,575
Equity method		8,917		7,776
Investments, at fair value	$	478,109	$	528,001
Securities sold, not yet purchased, at fair value (included in “other liabilities”)	$	3,239	$	9,290

(a) Interests in alternative investment funds, debt funds and equity funds include investments with fair values of $10,996, $31,598 and $156,081, respectively, at December 31, 2015 and $8,321, $42,070 and $162,798, respectively, at December 31, 2014, held in order to satisfy the Company’s liability upon vesting of previously granted LFI and other similar deferred compensation arrangements. LFI represent grants by the Company to eligible employees of actual or notional interests in a number of Lazard-managed funds, subject to service-based vesting conditions (see Notes 7 and 14).

Schedule of Trading Securities Net Unrealized Investment Gains and Losses

During the years ended December 31, 2015, 2014 and 2013, the Company reported in “revenue-other” on its consolidated statements of operations net unrealized investment gains and losses pertaining to “trading” securities still held as of the reporting date as follows:

	Year Ended December 31,
	2015			2014		2013
Net unrealized investment gains (losses)	$	(19,681	)	$	(8,568)	$	16,470