The Company has one investment accounted for using the equity method of accounting. On November 1, 2013, the Company invested $10.0 million in Meritage Capital, Centennial Absolute Return Fund, L.P. (the "Fund"). An additional $15.0 million was invested on April 1, 2014. The carrying value of this investment was $24.7 million and $25.0 million as of March 31, 2016 and December 31, 2015, respectively. The Company's ownership interest in the Fund was 26.12% and 25.85% at March 31, 2016 and December 31, 2015, respectively. The Company recognized a loss of $.2 million and income of $.1 million from this investment during the three month periods ended March 31, 2016 and 2015, respectively. The (loss) income was recorded in other revenue on the Company's consolidated statements of income and retained earnings. With at least 60 days notice, the Company has the ability to redeem its investment in the Fund at the end of any calendar quarter. The Company has no investment commitments to the fund.

Condensed financial statement information of the equity method investment is as follows:

	March 31, 2016	December 31, 2015
Company's equity method investment	$ 24,741,009	$ 24,989,505
Partnership assets	$ 95,633,615	$ 97,456,613
Partnership liabilities	$ 259,378	$ 148,566
Partnership net losses	$ (829,461)(a)	$ (3,344,462)(b)