Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 87,114	$ 41,246
Accounts receivable	16,254	9,348
Other current assets	1,975	1,273
Total current assets	105,343	51,867
Fixed assets, net	1,349	480
Investments	11,603	11,036
Other noncurrent assets	50	42
Total assets	118,345	63,425
Current liabilities:
Fund management and administration payable	10,621	6,924
Compensation and benefits payable	9,391	2,156
Accounts payable and other liabilities	4,026	3,272
Total current liabilities	24,038	12,352
Other noncurrent liabilities	3,063	13
Total liabilities	27,101	12,365
Stockholders' equity:
Preferred stock, par value $0.01; 2,000 shares authorized:
Common stock, par value $0.01; 250,000 shares authorized; issued: 129,410 and 126,554; outstanding: 127,461 and 125,272	1,294	1,265
Additional paid-in capital	182,920	177,826
Accumulated deficit	(92,970)	(128,031)
Total stockholders' equity	91,244	51,060
Total liabilities and stockholders' equity	$ 118,345	$ 63,425

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.