XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Investments | 3 Months Ended
--- | ---
Mar. 31, 2016
Investments Schedule [Abstract] |
Investments | Investments Investments consist primarily of investments in the Company's sponsored mutual funds. The Company’s investments, excluding the investments of consolidated sponsored investment products and the investments of the consolidated investment product, which are separately discussed in Note 12, at March 31, 2016 and December 31, 2015 were as follows:
| March 31, 2016 |  | December 31, 2015
($ in thousands) |  |  |
Marketable securities | $ | 79,505 |  |  | $ | 41,496 |
Equity method investments | 10,145 |  |  | 9,007 |
Nonqualified retirement plan assets | 5,319 |  |  | 5,310 |
Other investments | 925 |  |  | 925 |
Total investments | $ | 95,894 |  |  | $ | 56,738 |
Marketable Securities The Company’s marketable securities consist of both trading and available-for-sale securities. The composition of the Company’s marketable securities is summarized as follows: March 31, 2016
| Cost |  | Unrealized Loss |  | Unrealized Gain |  | Fair Value
($ in thousands) |  |  |  |  |  |  |
Trading: |  |  |  |  |  |  |
Sponsored funds | $ | 69,144 |  |  | $ | (3,186 | ) |  | $ | 186 |  |  | $ | 66,144 |
Equity securities | 10,055 |  |  | (340 | ) |  | 333 |  |  | 10,048 |
Available-for-sale: |  |  |  |  |  |  |
Sponsored closed-end funds | 3,417 |  |  | (260 | ) |  | 156 |  |  | 3,313 |
Total marketable securities | $ | 82,616 |  |  | $ | (3,786 | ) |  | $ | 675 |  |  | $ | 79,505 |
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 |
For the three months ended March 31, 2016, the Company recognized a net realized loss of $0.4 million on trading securities, and for the three months ended March 31, 2015, the Company recognized a net realized gain of $0.4 million on trading securities.

X
- 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
Name: | invest_InvestmentTextBlock
Namespace Prefix: | invest_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | invest_InvestmentsScheduleAbstract
Namespace Prefix: | invest_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration