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Investments (Tables)
 6 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Summary of Market Value of Investments
The following table summarizes the carrying value of the Company's investments as of June 30, 2022, and December 31, 2021:
As of
June 30, 2022December 31, 2021
Fair value investments:
Securities held in Consolidated Funds(a)
$72,048,205 $73,855,204 
Company sponsored investments67,374,521 79,173,437 
Company sponsored equity method investments11,240,582 13,627,360 
Total Investments$150,663,308 $166,656,001 
(a) Of the securities held in the Consolidated Funds as of June 30, 2022, the Company directly held $46.2 million and noncontrolling shareholders held $25.8 million. Of the securities held in the Consolidated Funds as of December 31, 2021, the Company directly held $55.8 million and noncontrolling shareholders held $18.1 million.
Schedule of Investment Income
The components of net investment income (loss) are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Realized gains (losses)$(1,713,218)$1,535,575 $(269,471)$4,059,080 
Change in unrealized(16,769,567)3,756,121 (26,520,423)6,261,465 
Dividends863,575 604,921 1,631,460 1,269,930 
Other(58,663)(19,531)(111,696)(49,935)
Investment income (loss), net$(17,677,873)$5,877,086 $(25,270,130)$11,540,540 
Equity Method Investments
The following table includes the condensed summary financial information from the Company's equity method investments as of and for the three- and six-month periods ended June 30, 2022:
As of
June 30, 2022
Total assets$13,207,500 
Total liabilities21,075 
Net assets13,186,425 
DHCM's portion of net assets$11,240,582 
For the Three Months EndedFor the Six Months Ended
June 30, 2022June 30, 2022
Investment income$38,092 $75,935 
Expenses17,482 35,149 
Net realized losses— (19,569)
Change in unrealized (2,241,515)(3,698,181)
Net loss(2,220,905)(3,676,964)
DHCM's portion of net loss$(1,882,402)$(3,134,123)