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Other Investments (Tables)
12 Months Ended
Dec. 31, 2012
Other Investments  
Summary of investments by fund type

 

 

 
  December 31,  
(in thousands)
Fund Type
  2012   2011  

Private equity and venture capital

  $ 20,693   $ 23,093  

Real estate

    9,223     10,541  

Hedge

    2,866     2,883  

Other

    3,309     3,402  
           

Total

  $ 36,091   $ 39,919  
           
Schedule of private equity and alternative investments measured at fair value on a nonrecurring basis

  The table below provides information as of December 31, 2012 on private equity and alternative investments measured at fair value on a nonrecurring basis due to the recognition of impairment:

(in thousands)
Fund Type
  Fair
Value
  Unfunded
Commitments
  Redemption
Frequency
  Redemption
Notice Period
Private equity and venture capital (2)   $ 2,105   $ 134   None (1)   N/A
Real estate (3)     4,073     1,382   None (1)   N/A
                 

Total

  $ 6,178   $ 1,516        
                 

(1)
Funds make periodic distributions of income but do not permit redemptions prior to the end of the investment term.

(2)
Funds invest in securities and other instruments of public and private companies, including corporations, partnerships, limited liability companies and joint ventures.

(3)
Funds invest in commercial, industrial and retail projects and select multi-family housing opportunities which are part of mixed use projects in low and moderate income neighborhoods.