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Investments in Marketable Securities
 6 Months Ended
Jun. 30, 2020
Marketable Securities [Abstract]  
Investments in Marketable Securities
Investments in Marketable Securities
The following is a summary of the cost, gross unrealized gains, gross unrealized losses and fair value of Investments in marketable securities:
 
December 31,
2019
 
June 30,
2020
Cost
$
57.9

 
$
62.3

Unrealized gains
2.1

 
1.7

Unrealized losses
(0.6
)
 
(2.6
)
Fair value
$
59.4

 
$
61.4


The Company recorded proceeds of $3.4 million and $18.5 million for the three and six months ended June 30, 2019, respectively, and $37.9 million and $64.1 million for the three and six months ended June 30, 2020, respectively, from the sale of investments in marketable securities. The Company recorded net gains (losses) of $0.2 million and $0.7 million for the three
and six months ended June 30, 2019, respectively, and $0.9 million and $(0.1) million for the three and six months ended June 30, 2020, respectively.
As of December 31, 2019 and June 30, 2020, Investments in marketable securities includes consolidated Affiliate sponsored investment products with fair values of $38.1 million and $37.6 million, respectively.