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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Cash flow from operating activities:        
Net income $ 156.4 $ 118.1 $ 420.4 $ 272.0
Adjustments to reconcile Net income to net cash flow from operating activities:        
Intangible amortization and impairments 32.7 24.0 98.1 169.1
Amortization of issuance costs 2.1 2.0 7.8 5.7
Depreciation and other amortization 3.4 3.5 10.3 10.6
Deferred income tax provision (4.8) 7.8 24.0 5.8
Imputed interest and contingent payment arrangements 3.9 6.7 26.5 (35.7)
Income from equity method investments, net of amortization (34.1) (19.4) (121.0) (47.3)
Distributions received from equity method investments 40.9 20.8 187.2 79.4
Share-based compensation 9.0 8.0 26.7 24.1
Affiliate equity expense 2.5 2.3 10.9 9.4
Other adjustments (1.6) 2.6 7.6 2.7
Changes in assets and liabilities:        
(Increase) decrease in investment advisory fees receivable 0 2.4 (14.2) (21.3)
Increase in prepaids and other current assets (3.4) (3.8) (10.0) (12.9)
Increase in other assets (0.4) (1.6) (0.3) (2.5)
Increase in unsettled fund shares receivable (48.3) (5.6) (114.8) (15.3)
Increase in unsettled fund shares payable 48.2 4.4 117.8 10.7
Increase (decrease) in accounts payable, accrued liabilities and other long-term liabilities 76.3 38.9 70.6 (7.4)
Cash flow from operating activities 282.8 211.1 747.6 447.1
Cash flow used in investing activities:        
Investments in Affiliates (26.3) (350.0) (26.3) (755.3)
Purchase of fixed assets (7.1) (4.9) (15.9) (9.9)
Purchase of investment securities (1.7) (2.7) (6.3) (13.8)
Sale of investment securities 1.0 3.6 4.7 31.1
Cash flow used in investing activities (34.1) (354.0) (43.8) (747.9)
Cash flow from (used in) financing activities:        
Borrowings of senior bank debt 475.0 360.0 595.0 555.0
Repayments of senior bank debt 0 (360.0) (345.0) (360.0)
Issuance of senior notes 0 200.0 0 200.0
Settlement of senior convertible securities (572.3) 0 (641.3) 0
Issuance of common stock 11.7 23.3 47.7 45.7
Repurchase of common stock (15.7) 0 (15.7) (60.9)
Issuance costs (0.2) (6.0) (7.4) (6.0)
Excess tax benefit from exercise of stock options 7.0 6.9 17.1 11.6
Note and contingent payments (0.1) (1.8) (36.7) (2.1)
Distributions to non-controlling interests (39.2) (18.0) (218.6) (137.7)
Affiliate equity issuances and repurchases (11.7) (2.2) (6.7) (25.1)
Cash flow from (used in) financing activities (145.5) 202.2 (611.6) 220.5
Effect of foreign exchange rate changes on cash and cash equivalents 5.4 2.3 (0.2) 3.4
Net increase (decrease) in cash and cash equivalents 108.6 61.6 92.0 (76.9)
Cash and cash equivalents at beginning of period 413.8 311.0 430.4 449.5
Cash and cash equivalents at end of period 522.4 372.6 522.4 372.6
Supplemental disclosure of non-cash financing activities:        
Notes received for Affiliate equity sales 0 0 0 3.0
Payables recorded for Affiliate equity purchases 21.5 0.9 30.5 14.5
Payables recorded under contingent payment arrangements 0 0 0 24.8
Payables recorded for forward equity sale settlements $ 22.5 $ 0 $ 22.5 $ 0