Three Months Ended

Nine Months Ended

September 30,

2020

2019

2020

2019

(In thousands)

Change in fair value of trading securities - LF Fund public securities

$

3,403

$

–

$

2,334

$

–

Change in fair value of equity securities derivative

10,651

–

17,542

–

Change in fair value of equity securities - LF Fund private securities

80,896

–

80,896

–

Change in fair value of equity securities forward contract

(74,662

)

–

Gain (loss) on sale of trading securities - LF Fund public securities

1,908

–

(4,202

)

–

Gain on sale of prepaid investment and derivative

2,845

–

2,845

–

Net realized and unrealized gain on investment in LF Fund securities

$

25,041

$

–

$

99,415

$

–