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Investments (Tables) | 12 Months Ended
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Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Investments | The Cost and Fair Value of Investments as of December 31, 2025 and December 31, 2024 are presented below:
| As of December 31, 2025 |  |  | As of December 31, 2024
(Dollars in Thousands) | Cost |  | Fair Value |  |  | Cost |  | Fair Value
Investments at Fair Value: |  |  |  |  |  |  |  |
Mutual funds | $ | 38 |  |  | $ | 42 |  |  |  | $ | 122 |  |  | $ | 105 |
Exchange-traded funds and BDC funds | 17 |  |  | 35 |  |  |  | 101 |  |  | 112 |
TIG Arbitrage Associates Master Fund | 482 |  |  | 566 |  |  |  | 482 |  |  | 515 |
TIG Arbitrage Enhanced Master Fund | 179 |  |  | 362 |  |  |  | 179 |  |  | 229 |
Arkkan Opportunities Feeder Fund | 111 |  |  | 152 |  |  |  | 111 |  |  | 139 |
Arkkan Capital Management Limited | 20,062 |  |  | 19,543 |  |  |  | 20,062 |  |  | 21,181 |
Zebedee Asset Management | 68,913 |  |  | 93,716 |  |  |  | 68,913 |  |  | 80,127 |
Romspen Investment Corporation | 72,523 |  |  | 29,717 |  |  |  | 72,523 |  |  | 46,260 |
Other | 55 |  |  | 63 |  |  |  | 6 |  |  | 6 |
Total Investments at fair value | $ | 162,380 |  |  | $ | 144,196 |  |  |  | $ | 162,499 |  |  | $ | 148,674 |
Equity method investments: | Cost |  | Carrying Value |  |  | Cost |  | Carrying Value
Wealth management - investment advisory | $ | 138 |  |  | $ | 138 |  |  |  | $ | 20,403 |  |  | $ | 20,403 |
Total Equity method investments | 138 |  |  | 138 |  |  |  | 20,403 |  |  | 20,403 |
Total | $ | 162,518 |  |  | $ | 144,334 |  |  |  | $ | 182,902 |  |  | $ | 169,077 |
The breakdown of realized and unrealized gains (losses) on Investments at fair value for the relevant periods, which are recorded in Gain (Loss) on investments in the Consolidated Statement of Operations, are as follows:
|  |  | For the Year Ended
(Dollars in Thousands) |  |  |  |  | December 31, 2025 |  | December 31, 2024 |  | December 31, 2023
Gains (Losses) on Investments at fair value: |  |  |  |  |  |  |  |  |
Realized gains (losses) |  |  |  |  | $ | (20) |  |  | $ | (15) |  |  | $ | 1 |
Unrealized gains (losses) |  |  |  |  | (4,359) |  |  | (16,491) |  |  | 2,749 |
Total gains (losses) on Investments at fair value |  |  |  |  | $ | (4,379) |  |  | $ | (16,506) |  |  | $ | 2,750 |

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- Definition Tabular disclosure of investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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