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VARIABLE INTEREST ENTITIES (Tables)
12 Months Ended
Dec. 31, 2013
Assets and Liabilities Related to Interest in Non-Consolidated VIEs and Maximum Exposure to Loss

The assets and liabilities recognized in the Partnership’s Consolidated Statements of Financial Condition related to the Partnership’s interest in these non-consolidated VIEs and the Partnership’s maximum exposure to loss relating to non-consolidated VIEs were as follows:

 

     December 31,  
     2013      2012  

Investments

   $ 758,304       $ 364,709   

Accounts Receivable

     166,908         1,885   

Due from Affiliates

     86,246         112,686   
  

 

 

    

 

 

 

Total VIE Assets

     1,011,458         479,280   

Due to Affiliates

     397         2,657   

Accounts Payable, Accrued Expenses and Other Liabilities

     2         —     

Potential Clawback Obligation

     63,290         36,040   
  

 

 

    

 

 

 

Maximum Exposure to Loss

   $ 1,075,147       $ 517,977