16. Investments at fair value through profit and loss
€ ('000) 2012 2011
Investments in funds
Investments in funds at 1 January 70,167 66,504
Additions 6,333 11,847
Disposals -4,042 -19,530
Fair value gains/losses of investments 2,007 11,346
Investments in funds at 31 December 74,465 70,167
The cumulative fair value losses of investments in funds is €8.0 million (2011: €6.0 million).
Investments in funds at fair value through profit and loss at the end of period 2012 2011
Buyout 39,562 37,458
Mezzanine 3,647 3,835
Russia 4,202 2,836
Public Market 4,009 3,631
Real Estate 6,862 6,038
Muut 11,833 11,961
Access 4,350 4,408
Total 74,465 70,167
Other financial assets
Other investments at 1 January 597 619
Additions/disposals -498 -22
Other investments at 31 December 99 597
Investments at fair value through profit and loss include mainly CapMan's own investments in the funds. The valuation principles are presented in Note 1. Accounting principles.