Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 41,246	$ 25,630
Accounts receivable	9,348	5,625
Other current assets	1,273	1,601
Total current assets	51,867	32,856
Fixed assets, net	480	597
Investments	11,036	9,056
Other noncurrent assets	42	58
Total assets	63,425	42,567
Current liabilities:
Fund management and administration payable	6,924	10,035
Compensation and benefits payable	2,156	4,168
Accounts payable and other liabilities	3,272	2,360
Total current liabilities	12,352	16,563
Other noncurrent liabilities	13	151
Total liabilities	12,365	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: 126,554 and 116,703; outstanding: 125,272 and 115,392	1,265	1,167
Additional paid-in capital	177,826	163,747
Accumulated deficit	(128,031)	(139,061)
Total stockholders' equity	51,060	25,853
Total liabilities and stockholders' equity	$ 63,425	$ 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.