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Investments | 12 Months Ended
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Dec. 31, 2019
Investments Schedule [Abstract] |
Investments | Investments Investments consist primarily of investments in the Company's sponsored products. The Company’s investments, excluding the assets of CIP discussed in Note 20, at December 31, 2019 and 2018 were as follows:
| December 31,
(in thousands) | 2019 |  | 2018
Investment securities - fair value | $ | 60,990 |  |  | $ | 59,271 |
Investment securities - available for sale | — |  |  | 2,023 |
Equity method investments | 12,030 |  |  | 10,573 |
Nonqualified retirement plan assets | 8,724 |  |  | 6,716 |
Other investments | 1,462 |  |  | 975 |
Total investments | $ | 83,206 |  |  | $ | 79,558 |
Investment Securities - fair value Investment securities - fair value consist of investments in the Company's sponsored funds, separately managed accounts and trading debt securities. The composition of the Company’s investment securities - fair value were as follows:
December 31, 2019 |  |  |
(in thousands) | Cost |  | Fair Value
Investment Securities - fair value: |  |  |
Sponsored funds | $ | 44,588 |  |  | $ | 47,654 |
Equity securities | 11,250 |  |  | 13,320 |
Debt securities | 44 |  |  | 16 |
Total investment securities - fair value | $ | 55,882 |  |  | $ | 60,990 |
December 31, 2018 |
(in thousands) | Cost |  | Fair Value
Investment Securities - fair value: |  |  |
Sponsored funds | $ | 43,507 |  |  | $ | 40,191 |
Equity securities | 16,380 |  |  | 16,981 |
Debt securities | 3,816 |  |  | 2,099 |
Total investment securities - fair value | $ | 63,703 |  |  | $ | 59,271 |
For the years ended December 31, 2019 and December 31, 2018, the Company recognized a net realized gain of $0.8 million and $1.8 million, respectively, on the sale of its investment securities - fair value. For the year ended December 31, 2017, the Company recognized a net realized loss of $1.5 million on the sale of its investment securities - fair value. Investments Securities - available for sale The investment securities - available for sale consists of investments in CLOs for which the Company provides investment management services and does not consolidate. The Company had no investment securities - available for sale as of December 31, 2019. The composition of the Company’s investment securities - available for sale at December 31, 2018 were as follows:
December 31, 2018
(in thousands) | Cost |  | Unrealized Loss |  | Unrealized Gain |  | Fair Value
Investments in CLOs | $ | 3,696 |  |  | $ | (1,673 | ) |  | $ | — |  |  | $ | 2,023 |
Equity Method Investments The Company's equity method investments primarily consist of investments in limited partnerships. For the years ended December 31, 2019, 2018 and 2017, distributions from equity method investments were $0.8 million, $4.2 million and $0.9 million, respectively. The remaining capital commitment for one of the Company's equity method investments at December 31, 2019 is $0.5 million. Nonqualified Retirement Plan Assets The Company's 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. Each participant is responsible for designating investment options for their contributions, and the ultimate distribution paid to each participant reflects any gains or losses on the assets realized while in the trust. Assets held in trust are included in investments and are carried at fair value utilizing Level 1 valuation techniques in accordance with ASC 320; the associated obligations to participants are included in other liabilities in the Consolidated Balance Sheets. Other Investments Other investments represent interests in entities not accounted for under the equity method such as the cost method.

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 321 -URI http://asc.fasb.org/topic&trid=75115024 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 325 -URI http://asc.fasb.org/topic&trid=2197064 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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