v2.4.0.6

FAIR VALUE OPTION (Tables) | 6 Months Ended
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Jun. 30, 2012
Summary of Financial Instruments for Which Fair Value Option Has Been Elected | The following table summarizes the financial instruments for which the fair value option has been elected:
|  | As of June 30, 2012 |  |  | As of December 31, 2011 |
Assets |  |  |  |  |  |  |  |
Loans and Receivables |  | $ | 104,207 |  |  | $ | 8,555 |
Assets of Consolidated CLO Vehicles |  |  |  |  |  |  |  |
Corporate Loans |  |  | 11,427,207 |  |  |  | 7,901,020 |
Corporate Bonds |  |  | 228,741 |  |  |  | 153,653 |
Other |  |  | 70,564 |  |  |  | 77,295 |
|  | $ | 11,830,719 |  |  | $ | 8,140,523 |
Liabilities |  |  |  |  |  |  |  |
Liabilities of Consolidated CLO Vehicles |  |  |  |  |  |  |  |
Senior Secured Notes |  | $ | 10,534,253 |  |  | $ | 7,449,766 |
Subordinated Notes |  |  | 701,648 |  |  |  | 630,236 |
|  | $ | 11,235,901 |  |  | $ | 8,080,002 |
Realized and Net Change in Unrealized Gains (Losses) on Financial Instruments on Financial Instruments on Which Fair Value Option was Elected | The following table presents the realized and net change in unrealized gains (losses) on financial instruments on which the fair value option was elected:
|  | Three Months Ended June 30, |
|  | 2012 |  |  | 2011 |
|  | Realized Gains (Losses) |  |  | Net Change in Unrealized Gains (Losses) |  |  | Realized Gains (Losses) |  |  | Net Change in Unrealized Gains (Losses) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and Receivables |  | $ | — |  |  | $ | (402 | ) |  | $ | — |  |  | $ | (287 | )
Assets of Consolidated CLO Vehicles |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate Loans |  |  | (63,992 | ) |  |  | 12,481 |  |  |  | 22,880 |  |  |  | (83,940 | )
Corporate Bonds |  |  | 311 |  |  |  | (3,386 | ) |  |  | 102 |  |  |  | (1,293 | )
Other |  |  | 1,419 |  |  |  | 6,626 |  |  |  | — |  |  |  | (1,247 | )
|  | $ | (62,262 | ) |  | $ | 15,319 |  |  | $ | 22,982 |  |  | $ | (86,767 | )
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities of Consolidated CLO Vehicles |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior Secured Notes |  | $ | 1 |  |  | $ | (21,509 | ) |  | $ | (2,319 | ) |  | $ | (92,519 | )
Subordinated Notes |  |  | — |  |  |  | 42,247 |  |  |  | — |  |  |  | (43,647 | )
|  | $ | 1 |  |  | $ | 20,738 |  |  | $ | (2,319 | ) |  | $ | (136,166 | )
|  | Six Months Ended June 30, |
|  | 2012 |  |  | 2011 |
|  | Realized Gains (Losses) |  |  | Net Change in Unrealized Gains (Losses) |  |  | Realized Gains (Losses) |  |  | Net Change in Unrealized Gains (Losses) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and Receivables |  | $ | — |  |  | $ | (396 | ) |  | $ | — |  |  | $ | (287 | )
Assets of Consolidated CLO Vehicles |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate Loans |  |  | (24,718 | ) |  |  | 301,712 |  |  |  | 65,112 |  |  |  | (33,721 | )
Corporate Bonds |  |  | 718 |  |  |  | 9,295 |  |  |  | 2,149 |  |  |  | (1,322 | )
Other |  |  | 1,539 |  |  |  | 10,107 |  |  |  | 480 |  |  |  | 4,128 |
|  | $ | (22,461 | ) |  | $ | 320,718 |  |  | $ | 67,741 |  |  | $ | (31,202 | )
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities of Consolidated CLO Vehicles |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior Secured Notes |  | $ | (43 | ) |  | $ | (114,712 | ) |  | $ | (7,714 | ) |  | $ | (332,477 | )
Subordinated Notes |  |  | — |  |  |  | 7,764 |  |  |  | — |  |  |  | (67,704 | )
|  | $ | (43 | ) |  | $ | (106,948 | ) |  | $ | (7,714 | ) |  | $ | (400,181 | )
Information for Financial Instruments on Which Fair Value Option was Elected | The following table presents information for those financial instruments for which the fair value option was elected:
|  | As of June 30, 2012 |  |  | As of December 31, 2011 |
|  |  |  |  | For Financial Assets |  |  |  |  |  | For Financial Assets |
|  |  |  |  | Past Due (a) |  |  |  |  |  | Past Due (a) |
|  | Excess (Deficiency) of Fair Value Over Principal |  |  | Fair Value |  |  | Excess (Deficiency) of Fair Value Over Principal |  |  | Excess (Deficiency) of Fair Value Over Principal |  |  | Fair Value |  |  | Excess (Deficiency) of Fair Value Over Principal |
Loans and Receivables |  | $ | 1,738 |  |  | $ | — |  |  | $ | — |  |  | $ | (162 | ) |  | $ | — |  |  | $ | — |
Assets of Consolidated CLO Vehicles |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate Loans |  |  | (837,123 | ) |  |  | 61,771 |  |  |  | (71,836 | ) |  |  | (674,496 | ) |  |  | 17,574 |  |  |  | (29,384 | )
Corporate Bonds |  |  | (7,505 | ) |  |  | — |  |  |  | — |  |  |  | (9,360 | ) |  |  | 7,560 |  |  |  | (2,656 | )
|  | $ | (842,890 | ) |  | $ | 61,771 |  |  | $ | (71,836 | ) |  | $ | (684,018 | ) |  | $ | 25,134 |  |  | $ | (32,040 | )
(a) | Past due Corporate Loans and Corporate Bonds within CLO assets are classified as past due if contractual payments are more than one day past due.

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- Definition Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 14 -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 18 -Subparagraph c(2), d, e, f -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15 -Subparagraph b-d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 19 -Subparagraph a, b, c(1), d(1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph a, c(1), c(2), c(3), d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 10 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 + Details
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