NOTE 10. Investments

The Company's investment portfolio includes interests in publicly and privately held companies and private equity securities. Fair value information regarding these investments has been aggregated and is presented below as of and for the years ended December 31:

(In thousands)	2012		2011

Investment in FATV	$	17,110	$	15,863
Employee Investment Funds net of Company's ownership interest		1,218		1,247
Other investment		2,150		1,200

Total Investments	$	20,478	$	18,310

Investment gains and losses were comprised of the following:

(In thousands)	2012		2011		2010

Investments (realized and unrealized gains)	$	1,233	$	2,996	$	7

The Company has an investment in FATV of approximately $17.1 million and approximately $15.9 million at December 31, 2012 and 2011, respectively. FATV's primary purpose is to provide investment returns consistent with the risk of investing in venture capital. FA Technology Ventures Corporation, a wholly-owned subsidiary of the Company, is the investment advisor to FATV. There are no material open commitments to fund this portfolio at December 31, 2012. At December 31, 2012 and 2011, total Partnership capital for all investors in FATV equaled $70.9 million and $63.7 million, respectively. The Partnership was scheduled to end in July 2011, subject to extension by the vote of a majority of the limited partners, as provided in the limited partnership agreement applicable to the Partnership (the "Partnership Agreement"). The term of the Partnership was extended pursuant to such provision and is now scheduled to terminate on July 19, 2013. The Partnership is considered a variable interest entity. The Company is not the primary beneficiary, due to other investors' level of investment in the Partnership. Accordingly, the Company has not consolidated the Partnership in these consolidated financial statements, but has only recorded the fair value of its investment, which also represented the Company's maximum exposure to loss in the Partnership at December 31, 2012 and 2011. The Company's share of management fee income derived from the Partnership for the years ended December 31, 2012, 2011 and 2010 were $0.7 million, $0.7 million and $0.8 million, respectively.

The Employee Investment Funds ("EIF") are limited liability companies, established by the Company for the purpose of having select employees invest in private equity securities. The EIF is managed by Broadpoint Management Corp., a wholly-owned subsidiary of the Company, which has contracted with FATV to act as an investment advisor with respect to funds invested in parallel with the Partnership. The Company has consolidated EIF resulting in approximately $1.2 million and $1.2 million of Investments and a corresponding Payable to others being recorded in the Consolidated Statements of Financial Condition as of December 31, 2012 and 2011, respectively. Management fees are not material.

Other investment is an investment in a privately held company.