Variable Interest Entities and Consolidated Investment Products (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Measurements, Recurring and Non-recurring [Abstract]

Variable Interest Entities and Consolidated Investment Products

The following tables present the fair value hierarchy levels of assets and liabilities held by CIPs measured at fair value as of September 30, 2023 and December 31, 2022:


	Assets and Liabilities at Fair Value
	Total		Level 1		Level 2		Level 3
September 30, 2023
Assets
Money market funds	$	26,682	$	26,682	$	—	$	—
Equity securities - long position	35,007		32,632		2,074		301
Fixed income instruments - long position	293,274		—		288,729		4,545
Derivative assets	843		—		843		—
Short term investments	7,305		—		7,305		—

Liabilities

Fixed income instruments - short position	$	10,410	$	364	$	10,046	$	—
Derivative liabilities	2,904		—		2,904		—


	Assets and Liabilities at Fair Value
	Total		Level 1		Level 2		Level 3
December 31, 2022
Assets
Money market funds	$	25,140	$	25,140	$	—	$	—
Equity securities - long position	32,388		30,179		2,209		—
Fixed income instruments - long position	216,638		—		212,368		4,270
Derivative assets	951		74		877		—
Short term investments	5,766		—		5,766		—

Liabilities
Equity securities - short position	$	256	$	256	$	—	$	—
Fixed income instruments - short position	17,273		—		17,273		—
Derivative liabilities	3,222		2,462		760		—

CIP balances included in the Company’s unaudited condensed consolidated statements of financial condition were as follows:


	As of September 30, 2023		As of December 31, 2022
Net CIP assets included in the table above	$	349,797	$	260,132
Net CIP assets/(liabilities) not included in the table above	(20,847)		(18,105)
Total Net CIP assets	328,950		242,027
Less: redeemable noncontrolling interests	219,726		135,280
Artisan’s direct equity investment in CIPs	$	109,224	$	106,747