7. Other non-current financial assets – Other investments

These are financial assets available-for-sale and held to maturity. Details are as follows:

€ million 3.31.2014 12.31.2013 Change
Investments measured at fair value      
- The Black Ant Value Fund 371.4 381.6 (10.2)
- Perella Weinberg Funds 37.6 46.5 (8.9)
- Rho Immobiliare Fund 11.7 11.7 0.0
- Other funds 52.1 49.6 2.5
    472.8 489.4 (16.6)
Investments measured at amortized cost   
     
- Bonds held to maturity 83.4 83.5 (0.1)
Total 556.2 572.9 (16.7)

The net decrease in The Black Ant Value Fund of €10.2 million is due to the redemption of 142,500 shares according to the agreements signed and taking into account the positive performance recorded during 2013, for a total equivalent amount of €19.1 million (net gain of €4.8 million), partially offset by the positive adjustment to fair value of €8.9 million. At March 31, 2014 the positive adjustment to fair value recognized in equity amounts to €100.6 million.

The net decrease in the Perella Weinberg Funds,equal to €8.9 million, is due principally to the redemption of the NoCo B and Perella Weinberg Real Estate I funds, respectively, for $4.2 million (€3 million) and €10.9 million, partially compensated by purchases during the period of €0.2 million and the positive adjustment to fair value of €4.8 million. The net gain realized is equal to €7.2 million. At March 31, 2014 the positive adjustment to fair value recognized in equity amounts to €4.1 million.

The remaining investment commitments in NoCo B L.P. and in the Perella Weinberg Real Estate I Fund total, respectively, $8.1 million (€5.9 million) and €13.8 million.

Commercial Register No.64236277 Legal notes | Credits