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Investments | 6 Months Ended
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Jun. 30, 2022
Schedule of Investments [Abstract] |
Investments | Investments Investments consist primarily of investments in the Company's sponsored products. The Company's investments, excluding the assets of consolidated investment products ("CIP") discussed in Note 16, at June 30, 2022 and December 31, 2021 were as follows:
(in thousands) | June 30, 2022 |  | December 31, 2021
Investment securities - fair value | $ | 77,184 |  |  | $ | 80,335 |
Equity method investments (1) | 11,968 |  |  | 13,038 |
Nonqualified retirement plan assets | 11,546 |  |  | 13,321 |
Other investments | 2,142 |  |  | 2,196 |
Total investments | $ | 102,840 |  |  | $ | 108,890 |
(1) The Company's equity method investments are valued on a three-month lag based upon the availability of financial information. Investment Securities - fair value Investment securities - fair value consist of investments in the Company's sponsored funds and separately managed accounts. The composition of the Company’s investment securities - fair value was as follows:
| June 30, 2022 |  | December 31, 2021
(in thousands) | Cost |  | Fair Value |  | Cost |  | Fair Value
Investment Securities - fair value |  |  |  |  |  |  |
Sponsored funds | $ | 71,808 |  |  | $ | 65,121 |  |  | $ | 63,090 |  |  | $ | 66,326 |
Equity securities | 11,702 |  |  | 12,063 |  |  | 10,659 |  |  | 14,009 |
Total investment securities - fair value | $ | 83,510 |  |  | $ | 77,184 |  |  | $ | 73,749 |  |  | $ | 80,335 |
For the three and six months ended June 30, 2022, the Company recognized net realized losses of $0.1 million and $30 thousand, respectively, on the sale of its investment securities - fair value. For the three and six months ended June 30, 2021, the Company recognized net realized gains of $1.0 million and $1.8 million, respectively, on the sale of its investment securities - fair value.

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