Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 104,316	$ 41,246
Accounts receivable	18,100	9,348
Other current assets	1,320	1,273
Total current assets	123,736	51,867
Fixed assets, net	6,252	480
Investments	11,748	11,036
Other noncurrent assets	55	42
Total assets	141,791	63,425
Current liabilities:
Fund management and administration payable	10,394	6,924
Compensation and benefits payable	14,278	2,156
Accounts payable and other liabilities	4,384	3,272
Total current liabilities	29,056	12,352
Other noncurrent liabilities	3,706	13
Total liabilities	32,762	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: 132,247 and 126,554; outstanding: 130,350 and 125,272	1,322	1,265
Additional paid-in capital	184,201	177,826
Accumulated deficit	(76,494)	(128,031)
Total stockholders' equity	109,029	51,060
Total liabilities and stockholders' equity	$ 141,791	$ 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.