Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 39,603	$ 25,630
Accounts receivable	9,384	5,625
Other current assets	1,783	1,601
Total current assets	50,770	32,856
Fixed assets, net	554	597
Investments	9,412	9,056
Other noncurrent assets	56	58
Total assets	60,792	42,567
Current liabilities:
Fund management and administration payable	9,299	10,035
Compensation and benefits payable	3,235	4,168
Accounts payable and other liabilities	3,608	2,360
Total current liabilities	16,142	16,563
Other noncurrent liabilities	48	151
Total liabilities	16,190	16,714
Stockholders' equity:
Preferred stock, par value $0.01; 2,000 shares authorized:
Common stock, par value $0.01; 250,000 shares authorized; issued: 125,081 and 116,703; outstanding:123,556 and 115,392	1,251	1,167
Additional paid-in capital	176,635	163,747
Accumulated deficit	(133,284)	(139,061)
Total stockholders' equity	44,602	25,853
Total liabilities and stockholders' equity	$ 60,792	$ 42,567

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, and other costs not separately disclosed in the balance sheet that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered.

No definition available.