9. Other non-current financial assets – Other investments

Details are as follows:

€ million 9/30/2013 12/31/2012  Change
Investments measured at fair value      
- The Black Ant Value Fund 356.7 323.3 33.4
- Perella Weinberg Funds 46.4 83.2 (36.8)
- Immobiliare RHO Fund 11.7 11.8 (0.1)
- Other 46.4 16.9 29.5
  461.2 435.2 26.0
Investments measured at amortized cost      
- Other bonds held to maturity 109.1 109.2 (0.1)
Total 570.3 544.4 25.9

As established in the agreements and taking into account the positive performance of The Black Ant Value Fund in 2012, during the first quarter of 2013, 150,000 shares were redeemed for an equivalent amount of €16.2 million, with a gain of €1.2 million. The decrease was more than compensated by the positive fair value alignment of €49.6 million at September 30, 2013 (with recognition in equity).

The net decrease in the Perella Weinberg Funds,equal to €36.8 million, was due principally to the redemptions of the NoCo B and Perella Weinberg Real Estate I funds, respectively, for $50 million (€37.6 million) and €1.8 million, purchases during the period of €2.1 million and the positive adjustment to fair value of €0.5 million. The net gain realized is equal to €15.7 million.
At September 30, 2013 the positive alignment to fair value recognized in equity amounts to €6 million. The remaining investment commitments in NoCo B L.P. and in the Perella Weinberg Real Estate I Fund total, respectively, $6.2 million (€4.6 million) and €8.4 million.



Commercial Register No.64236277 Legal notes | Credits