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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Cash flow from operating activities:        
Net income $ 134.2 $ 60.9 $ 264.0 $ 153.9
Adjustments to reconcile Net income to net cash flow from operating activities:        
Intangible amortization and impairments 32.6 114.7 65.5 145.1
Amortization of issuance costs 3.2 1.8 5.7 3.7
Depreciation and other amortization 3.3 3.6 6.9 7.1
Deferred income tax provision 16.1 (15.5) 28.8 (2.0)
Imputed interest and contingent payment arrangements 8.4 (40.0) 22.6 (42.5)
Income from equity method investments, net of amortization (36.2) (13.4) (86.9) (27.9)
Distributions received from equity method investments 52.5 21.8 146.4 58.6
Tax benefit from exercise of stock options 0.2 0.3 0.8 0.7
Share-based compensation 8.8 7.9 17.7 16.1
Affiliate equity expense 3.2 4.9 8.4 7.1
Other adjustments 7.6 5.4 8.5 (0.6)
Changes in assets and liabilities:        
Increase in investment advisory fees receivable (17.9) (11.2) (14.2) (23.7)
(Increase) decrease in prepaids and other current assets 0.8 0 (6.7) (9.1)
(Increase) decrease in other assets 0.2 (0.4) 0.1 (0.9)
(Increase) decrease in unsettled fund shares receivable 171.8 35.5 (66.6) (9.7)
Increase (decrease) in unsettled fund shares payable (172.4) (35.3) 69.6 6.3
Increase (decrease) in accounts payable, accrued liabilities and other long-term liabilities 46.3 42.4 (5.8) (46.2)
Cash flow from operating activities 262.7 183.4 464.8 236.0
Cash flow used in investing activities:        
Investments in Affiliates 0 (405.3) 0 (405.3)
Purchase of fixed assets (4.3) (3.7) (8.9) (5.0)
Purchase of investment securities (2.0) (1.6) (4.6) (11.1)
Sale of investment securities 3.5 14.6 3.7 27.5
Cash flow used in investing activities (2.8) (396.0) (9.8) (393.9)
Cash flow from (used in) financing activities:        
Borrowings of senior bank debt 100.0 195.0 120.0 195.0
Repayments of senior bank debt (150.0) 0 (345.0) 0
Repurchase of senior convertible securities (69.0) 0 (69.0) 0
Issuance of common stock 6.8 7.3 36.0 22.4
Repurchase of common stock 0 (28.2) 0 (60.9)
Issuance costs (7.2) 0 (7.2) 0
Excess tax benefit from exercise of stock options 2.7 1.3 10.2 4.8
Note and contingent payments 1.3 (0.2) (36.6) (0.5)
Distributions to non-controlling interests (54.0) (37.6) (179.3) (119.6)
Affiliate equity issuances and repurchases (11.0) (6.1) 4.9 (23.0)
Cash flow from (used in) financing activities (180.4) 131.5 (466.0) 18.2
Effect of foreign exchange rate changes on cash and cash equivalents (0.7) (1.6) (5.6) 1.2
Net increase (decrease) in cash and cash equivalents 78.8 (82.7) (16.6) (138.5)
Cash and cash equivalents at beginning of period 335.0 393.7 430.4 449.5
Cash and cash equivalents at end of period 413.8 311.0 413.8 311.0
Supplemental disclosure of non-cash financing activities:        
Notes received for Affiliate equity sales 0 2.0 0 3.0
Payables recorded for Affiliate equity purchases 12.2 2.4 21.2 13.6
Payables recorded under contingent payment arrangements $ 0 $ 24.8 $ 0 $ 24.8