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Investments | 6 Months Ended
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Jun. 30, 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 13, at June 30, 2016 and December 31, 2015 were as follows:
| June 30, 2016 |  | December 31, 2015
($ in thousands) |  |  |
Marketable securities | $ | 80,234 |  |  | $ | 41,496 |
Equity method investments | 5,147 |  |  | 9,007 |
Nonqualified retirement plan assets | 5,430 |  |  | 5,310 |
Other investments | 925 |  |  | 925 |
Total investments | $ | 91,736 |  |  | $ | 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: June 30, 2016
| Cost |  | Unrealized Loss |  | Unrealized Gain |  | Fair Value
($ in thousands) |  |  |  |  |  |  |
Trading: |  |  |  |  |  |  |
Sponsored funds | $ | 69,355 |  |  | $ | (3,146 | ) |  | $ | 256 |  |  | $ | 66,465 |
Equity securities | 10,217 |  |  | (356 | ) |  | 339 |  |  | 10,200 |
Available-for-sale: |  |  |  |  |  |  |
Sponsored closed-end funds | 3,476 |  |  | (221 | ) |  | 314 |  |  | 3,569 |
Total marketable securities | $ | 83,048 |  |  | $ | (3,723 | ) |  | $ | 909 |  |  | $ | 80,234 |
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 June 30, 2016, the Company recognized a net realized gain of $0.2 million on trading securities and for the six months ended June 30, 2016, the Company recognized a net realized loss of $0.2 million on trading securities. For the three and six months ended June 30, 2015, the Company recognized a net realized gain of $0.5 million and $0.9 million, respectively, on trading securities.

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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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