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Investments | 12 Months Ended
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Dec. 31, 2015
Investments Schedule [Abstract] |
Investments | Investments Investments consist primarily of investments in our sponsored mutual funds. The Company’s investments, excluding the assets of consolidated sponsored investment products discussed in Note 17 and the assets of the consolidated investment product discussed in Note 18, at December 31, 2015 and 2014 were as follows:
| December 31,
| 2015 |  | 2014
($ in thousands) |  |  |
Marketable securities | $ | 41,496 |  |  | $ | 50,251 |
Equity method investments | 9,007 |  |  | 7,209 |
Nonqualified retirement plan assets | 5,310 |  |  | 5,063 |
Other investments | 925 |  |  | 925 |
Total investments | $ | 56,738 |  |  | $ | 63,448 |
Marketable Securities The Company’s marketable securities consist of both trading (including securities held by a broker-dealer affiliate) and available-for-sale securities. The composition of the Company’s marketable securities is summarized as follows:
December 31, 2015
| Cost |  | Unrealized Loss |  | Unrealized Gain |  | Fair Value
($ in thousands) |  |  |  |  |  |  |
Trading: |  |  |  |  |  |  |
Sponsored funds | $ | 31,167 |  |  | $ | (2,134 | ) |  | $ | 298 |  |  | $ | 29,331 |
Equity securities | 9,434 |  |  | (386 | ) |  | 120 |  |  | 9,168 |
Available-for-sale: |  |  |  |  |  |  |
Sponsored closed-end funds | 3,355 |  |  | (365 | ) |  | 7 |  |  | 2,997 |
Total marketable securities | $ | 43,956 |  |  | $ | (2,885 | ) |  | $ | 425 |  |  | $ | 41,496 |
December 31, 2014
| Cost |  | Unrealized Loss |  | Unrealized Gain |  | Fair Value
($ in thousands) |  |  |  |  |  |  |
Trading: |  |  |  |  |  |  |
Sponsored funds | $ | 39,079 |  |  | $ | (1,190 | ) |  | $ | 423 |  |  | $ | 38,312 |
Equity securities | 8,421 |  |  | — |  |  | 319 |  |  | 8,740 |
Available-for-sale: |  |  |  |  |  |  |
Sponsored closed-end funds | 3,129 |  |  | (163 | ) |  | 233 |  |  | 3,199 |
Total marketable securities | $ | 50,629 |  |  | $ | (1,353 | ) |  | $ | 975 |  |  | $ | 50,251 |
For the years ended December 31, 2015, 2014 and 2013, the Company recognized a realized gain of $0.4 million, $8.2 million and $1.0 million, respectively, on trading securities. Equity Method Investments In 2014, the Company acquired an interest in a limited partnership for approximately $5.0 million which includes a future capital commitment for up to $4.9 million in the event that it is called by the partnership. On April 9, 2013, the Company acquired a 24% noncontrolling Euro-denominated equity interest in Kleinwort Benson Investors International, Ltd. (“KBII”), a subsidiary of Kleinwort Benson Investors (Dublin) (“KBID”) for €2.6 million or $3.4 million. KBII is a U.S. registered investment adviser that provides specialized equity strategies. In conjunction with this investment, the Company entered into a put and call option with KBID. This investment is translated into U.S. dollars at current exchange rates as of the end of each accounting period. Net income or loss of the noncontrolled affiliate is translated at average exchange rates in effect during the accounting period. Net translation exchange gains and losses are excluded from income and recorded in accumulated other comprehensive income. Nonqualified Retirement Plan Assets The Excess Incentive Plan allows certain employees to voluntarily defer compensation. The Company holds the Excess Incentive Plan assets in a rabbi trust, which is subject to the claims of the Company’s creditors in the event of the Company’s bankruptcy or insolvency. Assets held in trust are included in investments and are carried at fair value in accordance with ASC 320; the associated obligations to participants are included in other liabilities in the Company’s Consolidated Balance Sheets. Other Investments Other investments represents interests in entities not accounted for under the equity method such as the cost method or fair value.

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- Definition The entire disclosure for investments, including all tables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 6 -Section 10 -Paragraph (c) -Subparagraph (1) + Details
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- References No definition available. + Details
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