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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the identified acquired assets and liabilities assumed as of the AlphaSimplex acquisition date:
| April 1, 2023
| (in thousands)
Assets: |
Cash and cash equivalents | $ | 4,395 |
Investments | 8,567 |
Accounts receivable | 5,422 |
Furniture, equipment and leasehold improvements | 4,161 |
Intangible assets | 55,400 |
Goodwill | 48,262 |
Other assets | 9,126 |
Total Assets | 135,333 |
Liabilities: |
Accounts payable and accrued liabilities | 21,939 |
Total Liabilities | 21,939 |
Total Net Assets Acquired | $ | 113,394 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | In connection with the allocation of the AlphaSimplex purchase price, the Company identified the following intangible assets:
| April 1, 2023
| Approximate Fair Value (in thousands) |  | Weighted Average of Useful Life (in years)
Definite-lived intangible assets: |  |  |
Investment management agreements | $ | 52,000 |  |  | 10.5
Trade names | 3,400 |  |  | 9.0
Total definite-lived intangible assets | $ | 55,400 |  |  |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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