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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net (loss)/income $ (2,256) $ 32,777
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:    
Loss/(gain) on revaluation of deferred consideration—gold payments 14,707 (3,329)
Advisory and license fees paid in gold, other precious metals and cryptocurrency (31,511) (39,341)
Deferred income taxes 3,378 3,367
Losses on securities owned, at fair value 9,322 696
Contractual gold payments 8,896 8,584
Stock-based compensation 5,368 5,264
Amortization of issuance costs—convertible notes 1,293 899
Amortization of right of use asset 332 1,340
Depreciation and amortization 100 508
Impairments 0 303
Other 120 (372)
Changes in operating assets and liabilities:    
Accounts receivable (3,718) (2,622)
Prepaid expenses (3,613) (2,497)
Gold and other precious metals 23,743 27,959
Other assets (241) (202)
Intangibles—software development (724) 0
Fund management and administration payable 423 (896)
Compensation and benefits payable (13,537) (7,396)
Income taxes payable (5,235) (1,852)
Operating lease liabilities (348) (1,658)
Accounts payable and other liabilities 2,043 858
Net cash provided by operating activities 8,542 22,390
Cash flows from investing activities:    
Purchase of securities owned, at fair value (32,488) (29,819)
Purchase of investments (11,863) (5,750)
Purchase of fixed assets (205) (173)
Proceeds from the sale of securities owned, at fair value 21,455 5,212
Proceeds from the sale of Canadian ETF business, net, including receipt of contingent consideration 31 77
Net cash used in investing activities (23,070) (30,453)
Cash flows from financing activities:    
Dividends paid (9,679) (9,865)
Shares repurchased (3,394) (34,506)
Convertible notes issuance costs 0 (4,297)
Proceeds from the issuance of convertible notes 0 150,000
Proceeds from exercise of stock options 0 815
Net cash (used in)/provided by financing activities (13,073) 102,147
(Decrease)/increase in cash flow due to changes in foreign exchange rate (3,372) 126
Net (decrease)/increase in cash and cash equivalents (30,973) 94,210
Cash and cash equivalents—beginning of year 140,709 73,425
Cash and cash equivalents—end of year 109,736 167,635
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 7,724 5,846
Cash paid for interest $ 6,156 $ 3,719