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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income before noncontrolling interests $ 82,437 $ 104,618
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,710 1,554
Deferred income taxes 8,846 9,777
Noncash lease expense (150) (272)
Net investment (gain) loss on nonconsolidated investment securities 4,599 (372)
Net (gain) loss on the tax receivable agreements (482) 0
Amortization of debt issuance costs 118 118
Share-based compensation 11,339 10,800
Purchase of investments by consolidated investment products (37,902) (90,733)
Proceeds from sale of investments by consolidated investment products 34,765 37,395
Change in assets and liabilities resulting in an increase (decrease) in cash:    
Accounts receivable (6,644) (15,151)
Prepaid expenses and other assets 2,871 (8,948)
Accounts payable and accrued expenses 90,574 89,328
Net change in operating assets and liabilities of consolidated investment products 604 61,578
Net cash provided by operating activities 191,497 192,776
Cash flows from investing activities    
Acquisition of property and equipment (1,084) (408)
Leasehold improvements (2,893) (1,314)
Proceeds from sale of investment securities 3,972 12,813
Purchase of investment securities (56,398) (33,820)
Net cash used in investing activities (56,403) (22,729)
Cash flows from financing activities    
Partnership distributions (11,168) (11,873)
Dividends paid (117,596) (81,304)
Net proceeds from issuance of common stock 0 46,928
Payment of costs directly associated with the issuance of Class A common stock 0 (102)
Purchase of equity and subsidiary equity 0 (46,928)
Taxes paid related to employee net share settlement (7,420) (7,866)
Capital contributions to consolidated investment products, net 3,989 48,197
Net cash used in financing activities (132,195) (52,948)
Net increase in cash, cash equivalents, and restricted cash 2,899 117,099
Net cash impact of deconsolidation of CIPs 0 (34,823)
Cash, cash equivalents and restricted cash    
Beginning of period 200,771 199,450
End of period 203,670 281,726
Cash, cash equivalents and restricted cash as of the end of the period    
Restricted cash 629 629
Cash, cash equivalents and restricted cash 203,670 281,726
Noncash activity:    
Establishment of deferred tax assets 1,195 19,246
Establishment of amounts payable under tax receivable agreements 440 15,802
Increase in investment securities due to deconsolidation of CIPs 9,970 11,200
Operating lease assets obtained in exchange for operating lease liabilities 15,874 2,434
Consolidated Entity Excluding Variable Interest Entities (VIE)    
Adjustments to reconcile net income to net cash provided by operating activities:    
Net investment (gain) loss on investment 4,752 (196)
Consolidated Entity, Excluding VIE    
Adjustments to reconcile net income to net cash provided by operating activities:    
Net investment (gain) loss on investment 4,752 (196)
Cash, cash equivalents and restricted cash as of the end of the period    
Cash and cash equivalents 187,511 215,752
Variable Interest Entity, Primary Beneficiary    
Adjustments to reconcile net income to net cash provided by operating activities:    
Net investment (gain) loss on investment (1,188) (6,916)
Cash, cash equivalents and restricted cash as of the end of the period    
Cash and cash equivalents $ 15,530 $ 65,345