INVESTMENTS

The disclosures below include details of the company's investments. Investments held by CSIP are detailed in Note 12, "Consolidated Sponsored Investment Products." Investments held by CIP are detailed in Note 13, "Consolidated Investment Products."



$ in millions	September 30, 2015	December 31, 2014
Available-for-sale investments:
Seed money	226.9	246.2
CLOs	1.1	3.4
Other debt securities	5.9	6.3
Trading investments:
Investments related to deferred compensation plans	159.6	162.6
Seed money	127.7	68.2
Other equity securities	48.9	29.0
UIT-related equity and debt securities	11.3	3.4
Equity method investments	323.2	332.1
Foreign time deposits	27.7	29.6
Other	6.6	4.6
Total investments	938.9	885.4

Available for sale investments

Realized gains and losses recognized in the Condensed Consolidated Statements of Income during the period from investments classified as available-for-sale are as follows:



	For the three months ended September 30, 2015				For the nine months ended September 30, 2015
$ in millions	Proceeds from Sales	Gross Realized Gains	Gross Realized Losses		Proceeds from Sales	Gross Realized Gains	Gross Realized Losses
Seed money	29.8	1.0	(0.2	)	45.5	2.0	(0.2	)
CLOs	0.3	0.3	—		2.6	0.5	—
Other debt securities	0.4	—	—		0.4	—	—



	For the three months ended September 30, 2014			For the nine months ended September 30, 2014
$ in millions	Proceeds from Sales	Gross Realized Gains	Gross Realized Losses	Proceeds from Sales	Gross Realized Gains	Gross Realized Losses
Seed money	25.6	1.8	—	100.5	12.8	(0.2	)
CLOs	0.1	—	—	0.3	—	—

Upon the sale of available-for-sale securities, net realized gains of $1.1 million and $2.3 million were transferred from accumulated other comprehensive income into the Condensed Consolidated Statements of Income during the three and nine months ended September 30, 2015, respectively (three and nine months ended September 30, 2014: $1.8 million and $12.6 million, respectively). The specific identification method is used to determine the realized gain or loss on securities sold or otherwise disposed.

Gross unrealized holding gains and losses recognized in other accumulated comprehensive income from available-for-sale investments are presented in the table below:



	September 30, 2015					December 31, 2014
$ in millions	Cost	Gross Unrealized Holding Gains	Gross Unrealized Holding Losses		Fair Value	Cost	Gross Unrealized Holding Gains	Gross Unrealized Holding Losses		Fair Value
Seed money	230.1	8.5	(11.7	)	226.9	237.7	12.8	(4.3	)	246.2
CLOs	1.3	—	(0.2	)	1.1	3.5	—	(0.1	)	3.4
Other debt securities	5.9		—		5.9	6.3	—	—		6.3
	237.3	8.5	(11.9	)	233.9	247.5	12.8	(4.4	)	255.9

At September 30, 2015, 198 seed money funds (December 31, 2014: 146 seed money funds) included gross unrealized holding losses. The following table provides a breakdown of the unrealized losses.



	September 30, 2015			December 31, 2014
$ in millions	Fair Value	Gross Unrealized Losses		Fair Value	Gross Unrealized Losses
Less than 12 months	122.6	(5.3	)	123.9	(3.5	)
12 months or greater	34.3	(6.4	)	3.6	(0.8	)
Total	156.9	(11.7	)	127.5	(4.3	)

The company has reviewed investment securities for other-than-temporary impairment (OTTI) in accordance with its accounting policy and has recognized no other-than-temporary impairment charges on available-for-sale investments during the nine months ended September 30, 2015 (nine months ended September 30, 2014: none). The company reviewed the financial condition and near-term prospects of the underlying securities in the seeded funds as well as the severity and duration of the impairment and concluded that the gross unrealized losses on these securities did not represent other-than-temporary impairments. The securities are expected to recover their value over time and the company has the intent and ability to hold the securities until this recovery occurs. During the nine months ended September 30, 2015 and 2014, there were no charges to other comprehensive income from other-than-temporary impairment related to non-credit related factors.

At September 30, 2015, $1.7 million available-for-sale debt securities mature in one year through five years, and $5.3 million after five years through ten years.

Trading investments

The portion of trading gains and losses for the three and nine months ended September 30, 2015, that relates to trading securities still held at September 30, 2015, was a $17.0 million net loss and $18.9 million net loss, respectively (three and nine months ended September 30, 2014: $3.1 million net loss and $2.0 million net gain, respectively).