Oaktree Capital Group, LLC 6.625% PFD UT A (OAK-PA) 10-Q 8 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	5-May-14	5-May-14
		Class A Units	Class B Units
Entity Information [Line Items]	'	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Mar-14	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q1	'	'
Trading Symbol	'OAK	'	'
Entity Registrant Name	'Oaktree Capital Group, LLC	'	'
Entity Central Index Key	'0001403528	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	43,479,670	109,223,057

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Financial Condition (USD $)	Mar. 31, 2014		Dec. 31, 2013
Assets	'		'
Cash and cash-equivalents	$563,292,000		$390,721,000
U.S. Treasury and government-agency securities	360,559,000		676,600,000
Corporate investments (includes $61,424 and $67,596 measured at fair value as of March 31, 2014 and December 31,2013, respectively)	178,732,000	[1]	169,927,000
Due from affiliates	48,196,000		47,774,000
Deferred tax assets	373,037,000		278,885,000
Investments, at fair value	42,527,164,000		39,911,888,000
Other assets	132,600,000		208,929,000
Total assets	48,429,208,000	[2]	45,263,254,000
Liabilities:	'		'
Accrued compensation expense	152,908,000		278,655,000
Accounts payable, accrued expenses and other liabilities	82,688,000		79,999,000
Due to affiliates	321,830,000		242,986,000
Debt obligations	610,714,000		579,464,000
Total liabilities	6,512,299,000		4,720,045,000
Commitments and contingencies (Note 12)	'		'
Non-controlling redeemable interests in consolidated funds	40,150,722,000		38,834,831,000
Unitholdersb capital:	'		'
Paid-in capital	617,627,000		590,236,000
Accumulated deficit	-63,111,000		-114,905,000
Accumulated other comprehensive loss	-1,191,000		-1,122,000
Class A unitholdersb capital	553,325,000		474,209,000
OCGH non-controlling interest in consolidated subsidiaries	1,212,862,000		1,234,169,000
Total unitholdersb capital	1,766,187,000		1,708,378,000
Total liabilities and unitholdersb capital	48,429,208,000		45,263,254,000
Class A Units	'		'
Unitholdersb capital:	'		'
Common stock	0		0
Class B Units	'		'
Unitholdersb capital:	'		'
Common stock	0		0
Consolidated Funds	'		'
Assets	'		'
Cash and cash-equivalents	2,421,676,000		2,246,944,000
Investments, at fair value	42,527,164,000		39,911,888,000
Dividends and interest receivable	188,302,000		159,215,000
Due from brokers	280,486,000		283,764,000
Receivable for securities sold	884,132,000		324,213,000
Derivative assets, at fair value	86,888,000		94,937,000
Other assets	384,144,000		469,457,000
Liabilities:	'		'
Accounts payable, accrued expenses and other liabilities	40,266,000		29,213,000
Payables for securities purchased	1,346,617,000		697,705,000
Securities sold short, at fair value	99,509,000		140,251,000
Derivative liabilities, at fair value	125,719,000		149,880,000
Distributions payable	115,686,000		224,711,000
Borrowings under credit facilities	3,118,713,000		2,297,181,000
Collateralized loan obligation loans payable	$497,649,000		$0
[1]	The adjustment to corporate investments is to remove from segment assets the Company's investments in the consolidated funds, including investments in its CLOs, that are treated as equity- or cost-method investments for segment reporting purposes. Of the $1.4 billion, equity-method investments accounted for $1.2 billion.
[2]	The total assets adjustment represents the inclusion of investments and other assets of the consolidated funds, net of segment assets eliminated in consolidation, which are primarily corporate investments in funds and incentive income receivable.

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Financial Condition (Parenthetical) (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Corporate investments, fair value	$61,424	$67,596
Class A Units	'	'
Par Value (in dollars per share)	$0	$0
Units Authorized	'Unlimited	'Unlimited
Issued (in shares)	43,479,670	38,472,506
Outstanding (in shares)	43,479,670	38,472,506
Class B Units	'	'
Par Value (in dollars per share)	$0	$0
Units Authorized	'Unlimited	'Unlimited
Issued (in shares)	109,203,939	112,584,211
Outstanding (in shares)	109,203,939	112,584,211

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Revenues:	'		'
Management fees	$40,431	[1]	$42,539	[1]
Total revenues	40,431		42,539
Expenses:	'		'
Compensation and benefits	-98,292		-93,715
Equity-based compensation	-9,182		-6,452
Incentive income compensation	-91,494		-130,271
Total compensation and benefits expense	-198,968		-230,438
General and administrative	-32,238		-19,741
Depreciation and amortization	-1,921		-1,743
Consolidated fund expenses	-25,192		-23,583
Total expenses	-258,319	[2]	-275,505	[3]
Other income (loss):	'		'
Interest expense	-24,000		-11,581
Interest and dividend income	362,136		406,252
Investment income	4,991	[1]	12,243	[1]
Other income (expense), net	-1,698		-20
Total other income	1,766,058		2,626,671
Income before income taxes	1,548,170		2,393,705
Income taxes	-7,986	[4]	-10,157	[4]
Net income	1,540,184		2,383,548
Less:	'		'
Net income attributable to non-controlling redeemable interests in consolidated funds	-1,324,832		-2,063,965
Net income attributable to OCGH non-controlling interest in consolidated subsidiaries	-163,558	[5]	-262,017	[5]
Net income attributable to Oaktree Capital Group, LLC	51,794		57,566
Distributions declared per Class A unit (in dollars per share)	$1		$1.05
Net income per unit (basic and diluted):	'		'
Net income per Class A unit (in dollars per share)	$1.30		$1.91
Weighted average number of Class A units outstanding (in shares)	39,700		30,186
Consolidated Funds	'		'
Other income (loss):	'		'
Net realized gain on consolidated fundsb investments	654,151		1,198,260
Net change in unrealized appreciation on consolidated fundsb investments	$770,478		$1,021,517
[1]	The adjustment represents the elimination of amounts attributable to the consolidated funds.
[2]	The expense adjustment consists of (a)B equity-based compensation charges of $5,199 related to unit grants made before the Companybs initial public offering, (b)B consolidated fund expenses of $26,684, (c)B expenses incurred by the Intermediate Holding Companies of $282 and (d) the effect of timing differences in the recognition of incentive income compensation expense between adjusted net income and net income attributable to OCG of $46,334.
[3]	The expense adjustment consists of (a)B equity-based compensation charges of $5,800 related to unit grants made before the Companybs initial public offering, (b)B consolidated fund expenses of $19,224 and (c)B expenses incurred by the Intermediate Holding Companies of $210.
[4]	Because adjusted net income is a pre-tax measure, this adjustment eliminates the effect of income tax expense from adjusted net income.
[5]	Because adjusted net income is calculated at the Operating Group level, this adjustment adds back the effect of items applicable to OCG, its Intermediate Holding Companies or the OCGH non-controlling interest.

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net income	$1,540,184	$2,383,548
Other comprehensive income (loss), net of tax:	'	'
Foreign currency translation adjustments	343	-3,339
Unrealized loss on interest-rate swap designated as cash-flow hedge	-610	540
Other comprehensive loss, net of tax	-267	-2,799
Total comprehensive income	1,539,917	2,380,749
Less: Comprehensive income attributable to non-controlling interests	-1,488,192	-2,323,745
Comprehensive income attributable to Oaktree Capital Group, LLC	51,725	57,004
Oaktree Capital Group, LLC	'	'
Net income	51,794	57,566
Other comprehensive income (loss), net of tax:	'	'
Foreign currency translation adjustments	90	-670
Unrealized loss on interest-rate swap designated as cash-flow hedge	-159	108
Other comprehensive loss, net of tax	-69	-562
Total comprehensive income	51,725	57,004
Less: Comprehensive income attributable to non-controlling interests	0	0
Comprehensive income attributable to Oaktree Capital Group, LLC	51,725	57,004
OCGH Non-controlling Interest in Consolidated Subsidiaries	'	'
Net income	163,558	262,017
Other comprehensive income (loss), net of tax:	'	'
Foreign currency translation adjustments	253	-2,669
Unrealized loss on interest-rate swap designated as cash-flow hedge	-451	432
Other comprehensive loss, net of tax	-198	-2,237
Total comprehensive income	163,360	259,780
Less: Comprehensive income attributable to non-controlling interests	-163,360	-259,780
Comprehensive income attributable to Oaktree Capital Group, LLC	0	0
Non-controlling Redeemable Interests in Consolidated Funds	'	'
Net income	1,324,832	2,063,965
Other comprehensive income (loss), net of tax:	'	'
Foreign currency translation adjustments	0	0
Unrealized loss on interest-rate swap designated as cash-flow hedge	0	0
Other comprehensive loss, net of tax	0	0
Total comprehensive income	1,324,832	2,063,965
Less: Comprehensive income attributable to non-controlling interests	-1,324,832	-2,063,965
Comprehensive income attributable to Oaktree Capital Group, LLC	$0	$0

Condensed_Consolidated_Stateme4

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Cash flows from operating activities:	'		'
Net income	$1,540,184		$2,383,548
Adjustments to reconcile net income to net cash provided by (used in) operating activities:	'		'
Investment income	-4,991	[1]	-12,243	[1]
Depreciation and amortization	1,921		1,743
Equity-based compensation	9,182		6,452
Amortization of original issue and market discount of consolidated funds' investments	-13,488		-31,089
Income distributions from corporate investments in companies	15,448		17,490
Cash flows due to changes in operating assets and liabilities:	'		'
(Increase) decrease in other assets	102,342		-104,354
Decrease in net due to affiliates	-1,607		-7,294
Decrease in accounts payable, accrued expenses and other liabilities	-102,562		-9,023
Net cash provided by (used in) operating activities	-984,266		2,257,110
Cash flows from investing activities:	'		'
Purchases of U.S. Treasury and government-agency securities	0		-70,146
Proceeds from maturities and sales of U.S. Treasury and government-agency securities	316,041		90,000
Corporate investments in funds and companies	-22,037		-1,957
Distributions from corporate investments in funds and companies	2,775		8
Purchases of fixed assets	-1,333		-126
Net cash provided by investing activities	295,446		17,779
Cash flows from financing activities:	'		'
Proceeds from issuance of debt obligations	250,000		0
Payment of debt issuance costs	-728		0
Repayments of debt obligations	-218,750		-6,250
Purchase of OCGH units	-298,455		-833
Distributions to Class A unitholders	-38,473		-31,690
Distributions to OCGH unitholders	-140,302		-152,740
Net cash provided by (used in) financing activities	1,036,870		-1,495,006
Effect of exchange rate changes on cash	-747		-8,498
Net increase in cash and cash-equivalents	347,303		771,385
Cash and cash-equivalents, beginning balance	2,637,665		2,928,526
Cash and cash-equivalents, ending balance	2,984,968		3,699,911
Consolidated Funds	'		'
Adjustments to reconcile net income to net cash provided by (used in) operating activities:	'		'
Net realized and unrealized gains from consolidated funds' investments	-1,424,629		-2,219,777
Cash flows due to changes in operating assets and liabilities:	'		'
Increase in dividends and interest receivable	-29,087		-23,777
Decrease in due from brokers	3,278		28,168
Increase in receivables for securities sold	-541,940		-735,889
Increase in payables for securities purchased	443,106		394,163
Purchases of securities	-6,032,306		-3,569,137
Proceeds from maturities and sales of securities	5,050,883		6,138,129
Cash flows from financing activities:	'		'
Contributions from non-controlling interests	1,846,325		1,614,894
Distributions to non-controlling interests	-1,966,752		-3,256,759
Proceeds from debt obligations issued by collateralized loan obligation vehicles	497,649		0
Borrowings on credit facilities	2,075,529		857,259
Repayments on credit facilities	-1,265,823		-518,887
Class A Units	'		'
Cash flows from financing activities:	'		'
Proceeds from issuance of Class A units	$296,650		$0
[1]	The adjustment represents the elimination of amounts attributable to the consolidated funds.

Condensed_Consolidated_Stateme5

Condensed Consolidated Statements of Changes in Unitholders' Capital (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Increase (decrease) in Stockholders' Equity:	'	'
Unitholders' capital, value	1,708,378	1,393,893
Issuance of units, value	296,650	0
Purchase of OCGH units from OCGH unitholders	-296,400	'
Deferred tax effect resulting from the purchase of OCGH units	14,122	'
Repurchase and cancellation of OCGH units	-2,055	-833
Equity reallocation between controlling and non-controlling interests	49,098	-887
Capital increase related to equity-based compensation	9,182	6,452
Distributions declared	-178,775	-184,430
Net income	215,352	319,583
Foreign currency translation adjustment, net of tax	343	-3,339
Unrealized gain on interest-rate swap designated as cash-flow hedge, net of tax	-610	540
Unitholders' capital, value	1,766,187	1,531,866
Paid-in Capital	'	'
Increase (decrease) in Stockholders' Equity:	'	'
Unitholders' capital, value	590,236	645,053
Issuance of units, value	296,650	0
Purchase of OCGH units from OCGH unitholders	-296,400	'
Deferred tax effect resulting from the purchase of OCGH units	14,122	'
Equity reallocation between controlling and non-controlling interests	49,098	-887
Capital increase related to equity-based compensation	2,394	1,292
Distributions declared	-38,473	-31,690
Unitholders' capital, value	617,627	613,768
Accumulated Deficit	'	'
Increase (decrease) in Stockholders' Equity:	'	'
Unitholders' capital, value	-114,905	-336,903
Net income	51,794	57,566
Unitholders' capital, value	-63,111	-279,337
Accumulated Other Comprehensive Income (Loss)	'	'
Increase (decrease) in Stockholders' Equity:	'	'
Unitholders' capital, value	-1,122	-1,748
Foreign currency translation adjustment, net of tax	90	-670
Unrealized gain on interest-rate swap designated as cash-flow hedge, net of tax	-159	108
Unitholders' capital, value	-1,191	-2,310
OCGH Non-controlling Interest in Consolidated Subsidiaries	'	'
Increase (decrease) in Stockholders' Equity:	'	'
Unitholders' capital, value	1,234,169	1,087,491
Repurchase and cancellation of OCGH units	-2,055	-833
Equity reallocation between controlling and non-controlling interests	-49,098	887
Capital increase related to equity-based compensation	6,788	5,160
Distributions declared	-140,302	-152,740
Net income	163,558	262,017
Foreign currency translation adjustment, net of tax	253	-2,669
Unrealized gain on interest-rate swap designated as cash-flow hedge, net of tax	-451	432
Unitholders' capital, value	1,212,862	1,199,745
Class A Units	'	'
Increase (decrease) in Stockholders' Equity:	'	'
Unitholders' capital, shares	38,473,000	30,181,000
Issuance of units, shares	5,007,000	8,000
Unitholders' capital, shares	43,480,000	30,189,000
Class B Units	'	'
Increase (decrease) in Stockholders' Equity:	'	'
Unitholders' capital, shares	112,584,000	120,268,000
Issuance of units, shares	1,667,000	522,000
Cancellation of Class B units associated with forfeitures of OCGH units	-2,000	-26,000
Cancellation of Class B units	-5,045,000	'
Unitholders' capital, shares	109,204,000	120,764,000

ORGANIZATION_AND_BASIS_OF_PRES

ORGANIZATION AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
ORGANIZATION AND BASIS OF PRESENTATION	'
	ORGANIZATION AND BASIS OF PRESENTATION
	Oaktree Capital Group, LLC (together with its subsidiaries, “Oaktree” or the “Company”) is a leader among global investment managers specializing in alternative investments. Oaktree emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Funds managed by Oaktree (the “Oaktree funds”) include commingled funds, separate accounts and collateralized loan obligation vehicles (“CLOs”). Commingled funds include open-end and closed-end limited partnerships in which the Company makes an investment and for which it serves as the general partner or, in certain limited cases, co-general partner. The CLOs are closed-end investment vehicles in which the Company may make an investment and for which it serves as collateral manager.
	Oaktree Capital Group, LLC was formed on April 13, 2007. Oaktree Capital Group Holdings GP, LLC acts as the Company's manager and is the general partner of Oaktree Capital Group Holdings, L.P. (“OCGH”), which owns 100% of the Company's outstanding Class B units. OCGH is owned by the Company's Principals, current and former employees and certain other investors (the “OCGH unitholders”). The Company's operations are conducted through a group of operating entities collectively referred to as the Oaktree Operating Group. OCGH has a direct economic interest in the Oaktree Operating Group and the Company has an indirect economic interest in the Oaktree Operating Group. An Oaktree Operating Group unit is not a legal interest but represents one limited partnership interest in each of the Oaktree Operating Group entities. The Class B units are entitled to ten votes per unit and have no economic interest in the Company, whereas the Class A units are only entitled to one vote per unit. Consequently, the OCGH unitholders' economic interest in the Oaktree Operating Group is reflected as OCGH non-controlling interest in consolidated subsidiaries in the accompanying condensed consolidated financial statements.
	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. The condensed consolidated financial statements, including these notes, are unaudited and exclude some of the disclosures required in annual financial statements. Management believes it has made all necessary adjustments (consisting of only normal recurring items) such that the condensed consolidated financial statements are presented fairly and that estimates made in preparing its condensed consolidated financial statements are reasonable and prudent. The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. The condensed consolidated financial statements include the accounts of the Company, its wholly-owned or majority-owned subsidiaries, the consolidated entities that are considered to be variable interest entities and for which the Company is considered the primary beneficiary, and certain entities that are not considered variable interest entities but in which the Company has a controlling financial interest. Most of the Oaktree funds consolidated by the Company are investment companies that follow a specialized basis of accounting established under GAAP. All intercompany transactions and balances have been eliminated in consolidation. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the year ended December 31, 2013 included in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 28, 2014.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Consolidation
	The Company consolidates those entities where it has a direct or indirect controlling financial interest based on either a variable interest model or voting interest model. This includes four variable interest entities (“VIEs”) for which the Company is considered the primary beneficiary, and substantially all of Oaktree's closed-end, commingled open-end and evergreen funds for which the Company acts as the sole general partner and is deemed to control through a voting interest model.
	Variable Interest Model. The Company consolidates entities determined to be VIEs for which it is considered the primary beneficiary. An entity is determined to be the primary beneficiary if it holds a controlling financial interest. A controlling financial interest is defined as (a) the power to direct the activities of a VIE that most significantly impact the entity's business and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The consolidation rules, which were revised effective January 1, 2010, require an analysis to (a) determine whether an entity in which the Company holds a variable interest is a VIE and (b) whether the Company's involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests (e.g., management and performance-related fees), would give it a controlling financial interest. The consolidation rules may be deferred for a VIE if the VIE and the reporting entity's interest in the VIE meet the deferral conditions set forth in Accounting Standards Codification (“ASC”) 810-10-65-2(aa). If a VIE has qualified for the deferral of the consolidation rules, the analysis is based on consolidation rules prior to January 1, 2010. These rules require an analysis to (a) determine whether an entity in which the Company holds a variable interest is a VIE and (b) whether the Company's involvement through holding interests directly or indirectly in the entity or contractually through other variable interests (e.g., management and performance-related fees) would be expected to absorb a majority of the variability of the entity. Under either guideline, the Company determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a VIE and reconsiders that conclusion at each reporting date. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly by the Company or indirectly through related parties. The consolidation analysis can generally be performed qualitatively; however, if it is not readily apparent that the Company is not the primary beneficiary, a quantitative analysis may also be performed. Investments and redemptions (either by the Company, affiliates of the Company or third parties) or amendments to the governing documents of the respective Oaktree funds could affect an entity's status as a VIE or the determination of the primary beneficiary.
	While the Company holds variable interests in the Oaktree funds, most of these funds do not meet the characteristics of a VIE. As of March 31, 2014, the Company consolidated four VIEs for which it was the primary beneficiary, including Oaktree AIF Holdings, Inc. (“AIF”), which was formed to hold certain assets for regulatory and other purposes and is immaterial to the Company. The three remaining VIEs represented CLOs, two of which had not launched as of March 31, 2014, for which the Company acts as collateral manager. As of March 31, 2014 and December 31, 2013, there were no VIEs for which the Company was not the primary beneficiary. As of December 31, 2013, the Company consolidated two VIEs.
	As of March 31, 2014, the Company consolidated three CLOs with total assets and liabilities of $1.0 billion and $876.0 million, respectively. The assets and liabilities of the CLOs primarily consist of investments in debt securities and loans issued by the CLOs, respectively. The loans issued by each CLO are collateralized by the investments held by the CLO, and assets of one CLO may not be used to satisfy liabilities of another. In exchange for managing the collateral of the CLOs, the Company typically earns management fees and may earn performance fees, all of which are eliminated in consolidation. As of March 31, 2014, the Company had an aggregate $115.6 million of investments in its CLOs, which represented its maximum risk of loss. The Company's investments in the CLOs are generally subordinated to other interests in the CLOs and entitle the Company to receive a pro-rata portion of the residual cash flows, if any, from the CLOs. Investors in the CLOs have no recourse against the Company for any losses sustained in the CLO structure.
	Voting Interest Model. For entities that are not VIEs, the Company evaluates those entities that it controls through a majority voting interest, including those Oaktree funds in which the Company as the sole general partner is presumed to have control (together with the CLOs, the “consolidated funds”). Although as general partner the Company typically has only a small, single-digit equity interest in each fund, the funds' third-party limited partners do not have the right to dissolve the partnerships or have substantive kick-out or participating rights that would overcome the presumption of control by the Company.
	Accordingly, Oaktree's condensed consolidated financial statements reflect the assets, liabilities, investment income, expenses and cash flows of the consolidated funds on a gross basis, and the majority of the economic interests in those funds, which are held by third-party investors, are attributed to non-controlling redeemable interests in consolidated funds in the accompanying condensed consolidated financial statements. All of the management fees and incentive income earned by Oaktree from those funds are eliminated in consolidation. However, because the eliminated amounts are earned from and funded by non-controlling interests, Oaktree's attributable share of the net income from those funds is increased by the amounts eliminated. Thus, the elimination of these amounts in consolidation has no effect on either net income or loss attributable to the Company. All intercompany transactions and balances have been eliminated in consolidation.
	Certain funds for which the Company shares general partner responsibilities or where the Company has no general partner responsibility but has the ability to exert significant influence through other means are accounted for under the equity method of accounting.
	Non-controlling Redeemable Interests in Consolidated Funds
	The Company records non-controlling interests to reflect the economic interests of the unaffiliated limited partners. These interests are presented as non-controlling redeemable interests in consolidated funds within the condensed consolidated statements of financial condition, outside of the permanent capital section. Limited partners in open-end and evergreen funds generally have the right to withdraw their capital, subject to the terms of the respective limited partnership agreements, over periods ranging from one month to three years. While limited partners in consolidated closed-end funds generally have not been granted redemption rights, these limited partners do have redemption rights in certain limited circumstances that are beyond the control of the Company, such as instances in which retaining the limited partnership interest could cause the limited partner to violate a law, regulation or rule.
	The allocation of net income or loss to non-controlling redeemable interests in consolidated funds is based on the relative ownership interests of the unaffiliated limited partners after the consideration of contractual arrangements that govern allocations of income or loss. At the consolidated level, potential incentives are allocated to non-controlling redeemable interests in consolidated funds until such incentives become allocable to the Company under the substantive contractual terms of the limited partnership agreements of the funds.
	Fair Value of Financial Instruments
	GAAP establishes a hierarchal disclosure framework that prioritizes the inputs used in measuring financial instruments at fair value into three levels based on their market observability. Market price observability is affected by a number of factors, such as the type of instrument and the characteristics specific to the instrument. Financial instruments with readily available quoted prices from an active market or for which fair value can be measured based on actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment inherent in measuring fair value.
	Financial assets and liabilities measured and reported at fair value are classified as follows:
	•	Level I – Quoted unadjusted prices for identical instruments in active markets to which the Company has access at the date of measurement. The types of investments in Level I include exchange-traded equities, debt and derivatives with quoted prices.
	•	Level II – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are directly or indirectly observable. Level II inputs include interest rates, yield curves, volatilities, prepayment risks, loss severities, credit risks and default rates. The types of investments in Level II generally include corporate bonds and loans, government and agency securities, less liquid and restricted equity investments, over-the-counter traded derivatives, and other investments where the fair value is based on observable inputs.
	•	Level III – Valuations for which one or more significant inputs are unobservable. These inputs reflect the Company's assessment of the assumptions that market participants use to value the investment based on the best available information. Level III inputs include prices of quoted securities in markets for which there are few transactions, less public information exists or prices vary among brokered market makers. The types of investments in Level III include non-publicly traded equity, debt, real estate and derivatives.
	In some instances, an instrument may fall into multiple levels of the fair-value hierarchy. In such instances, the instrument's level within the fair-value hierarchy is based on the lowest of the three levels (with Level III being the lowest) that is significant to the fair-value measurement. The Company's assessment of the significance of an input requires judgment and considers factors specific to the instrument. The Company accounts for the transfer of assets into or out of each fair-value hierarchy level as of the beginning of the reporting period.
	In the absence of observable market prices, the Company values Level III investments using valuation methodologies applied on a consistent basis. The quarterly valuation process for Level III investments begins with each portfolio company, property or security being valued by the investment or valuation teams. The valuations are then reviewed and approved by the valuation team and the valuation committee of each investment strategy, which consists of senior members of the investment team. All Level III investment values are ultimately approved by the valuation committees and designated investment professionals, as well as the valuation officer, who is independent of the investment teams and reports directly to the Company's Managing Principal. For certain investments, the valuation process also includes a review by independent valuation parties, at least annually, to determine whether the fair values determined by management are reasonable. Results of the valuation process are evaluated each quarter, including an assessment of whether the underlying calculations should be adjusted or recalibrated. In connection with this process, the Company evaluates changes in fair-value measurements from period to period for reasonableness, considering items such as industry trends, general economic and market conditions, and factors specific to the investment.
	Certain Level III assets are valued using prices obtained from brokers or pricing vendors. The Company obtains an average of one to two broker quotes. The Company seeks to obtain at least one quote directly from a broker making a market for the asset and one price from a pricing vendor for the subject or similar securities. These investments are classified as Level III because the quoted prices may be indicative in nature for securities that are in an inactive market, may be for similar securities, or may require adjustment for investment-specific factors or restrictions. Generally, the Company does not adjust any of the prices received from these sources, and all prices are reviewed by the Company. The Company evaluates the prices obtained from brokers or pricing vendors based on available market information, including trading activity of the subject or similar securities, or by performing a comparable security analysis to ensure that fair values are reasonably estimated. The Company also performs back-testing of valuation information obtained from brokers and pricing vendors against actual prices received in transactions. In addition to on-going monitoring and back-testing, the Company performs due diligence procedures over pricing vendors to understand their methodology and controls to support their use in the valuation process.
	Fair Value Option
	The Company has elected the fair value option for certain corporate investments that otherwise would not have reflected unrealized gains and losses in current-period earnings. Such election is irrevocable and is applied on an investment-by-investment basis at initial recognition. Unrealized gains and losses resulting from changes in fair value are reflected as a component of investment income in the condensed consolidated statements of operations. Accounting for these investments at fair value is consistent with how the Company accounts for its investments held by the consolidated funds. The valuation methods used to measure the fair value of such investments are consistent with the valuation methodologies applied to investments held by the consolidated funds.
	In addition, the Company has elected the fair value option for the assets of its CLOs. Assets of the CLOs are included in investments, at fair value and liabilities are reflected in collateralized loan obligation loans payable on the condensed consolidated statements of financial condition. Accounting for the investments held by the CLOs at fair value is consistent with how the Company accounts for investments held by other consolidated funds. The valuation methods used to measure the fair value of such investments are consistent with the valuation methodologies applied to investments held by other consolidated funds. Realized gains or losses and changes in the fair value of consolidated CLO assets are included in net realized gain on consolidated funds' investments and net change in unrealized appreciation on consolidated funds' investments, respectively, in the condensed consolidated statements of operations. Interest income of the CLOs is included in interest and dividend income, while interest expense and other expenses of the CLOs are included in interest expense and consolidated fund expenses, respectively, in the condensed consolidated statements of operations.
	Investments, at Fair Value
	The consolidated funds are primarily investment limited partnerships that reflect their investments, including majority-owned and controlled investments, at fair value. The Company has retained the specialized investment company accounting guidance under GAAP for the consolidated funds with respect to consolidated investments. Thus, the consolidated investments are reflected on the condensed consolidated statements of financial condition at fair value, with unrealized gains and losses resulting from changes in fair value reflected as a component of net change in unrealized appreciation on consolidated funds' investments in the condensed consolidated statements of operations. Fair value is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price).
	Non-publicly traded debt and equity securities and other securities or instruments for which reliable market quotations are not available are valued by management using valuation methodologies applied on a consistent basis. These securities may initially be valued at the acquisition price as the best indicator of fair value. The Company reviews the significant unobservable inputs, valuations of comparable investments and other similar transactions for investments valued at acquisition price to determine whether another valuation methodology should be utilized. Subsequent valuations will depend on the facts and circumstances known as of the valuation date and the application of valuation methodologies further described below under “—Non-publicly Traded Equity and Real Estate Investments.” The fair value may also be based on a pending transaction expected to close after the valuation date.
	Exchange-traded Investments
	Securities listed on one or more national securities exchanges are valued at their last reported sales price on the date of valuation. If no sale occurred on the valuation date, the security is valued at the mean of the last “bid” and “ask” prices on the valuation date. Securities that are not readily marketable due to legal restrictions that may limit or restrict transferability are generally valued at a discount from quoted market prices. The discount would reflect the amount market participants would require due to the risk relating to the inability to access a public market for the security for the specified period and would vary depending on the nature and duration of the restriction and the perceived risk and volatility of the underlying securities. Securities with longer duration restrictions or higher volatility are generally valued at a higher discount. Such discounts are generally estimated based on put option models or analysis of market studies. Instances where the Company has applied discounts to quoted prices of restricted listed securities have been infrequent. The impact of such discounts is not material to the Company's condensed consolidated statements of financial condition and results of operations for all periods presented.
	Credit-oriented Investments (including Real Estate Loan Portfolios)
	Investments in corporate and government debt which are not listed or admitted to trading on any securities exchange are valued at the mean of the last bid and ask prices on the valuation date based on quotations supplied by recognized quotation services or by reputable broker-dealers.
	The market-yield approach is considered in the valuation of non-publicly traded debt securities, utilizing expected future cash flows and discounted using estimated current market rates. Discounted cash-flow calculations may be adjusted to reflect current market conditions and/or the perceived credit risk of the borrower. Consideration is also given to a borrower's ability to meet principal and interest obligations; this may include an evaluation of collateral and/or the underlying value of the borrower utilizing techniques described below under “—Non-publicly Traded Equity and Real Estate Investments.”
	Non-publicly Traded Equity and Real Estate Investments
	The fair value of equity and real estate investments is determined using a cost, market or income approach. The cost approach is based on the current cost of reproducing a real estate investment less deterioration and functional and economic obsolescence. The market approach utilizes valuations of comparable public companies and transactions, and generally seeks to establish the enterprise value of the portfolio company or investment property using a market-multiple methodology. This approach takes into account the financial measure (such as EBITDA, adjusted EBITDA, free cash flow, net operating income, net income, book value or net asset value) believed to be most relevant for the given company or investment property. Consideration may also be given to factors such as acquisition price of the security or investment property, historical and projected operational and financial results for the portfolio company, the strengths and weaknesses of the portfolio company or investment property relative to its comparable companies or properties, industry trends, general economic and market conditions, and others deemed relevant. The income approach is typically a discounted cash-flow method that incorporates expected timing and level of cash flows. It incorporates assumptions in determining growth rates, income and expense projections, discount and capitalization rates, capital structure, terminal values, and other factors. The applicability and weight assigned to market and income approaches are determined based on the availability of reliable projections and comparable companies and transactions.
	The valuation of securities may be impacted by expectations of investors' receptiveness to a public offering of the securities, the size of the holding of the securities and any associated control, information with respect to transactions or offers for the securities (including the transaction pursuant to which the investment was made and the period of time elapsed from the date of the investment to the valuation date), and applicable restrictions on the transferability of the securities.
	These valuation methodologies involve a significant degree of management judgment. Accordingly, valuations by the Company do not necessarily represent the amounts that may eventually be realized from sales or other dispositions of investments. Fair values may differ from the values that would have been used had a ready market for the investment existed, and the differences could be material to the condensed consolidated financial statements.
	Recent Accounting Developments
	In June 2013, the Financial Accounting Standards Board (“FASB”) issued guidance that amended the criteria by which an entity qualifies as an investment company for accounting purposes. The guidance also clarified the characteristics of an investment company and provided measurement and disclosure requirements for an investment company. The Company adopted this guidance in the first quarter of 2014, which resulted in additional disclosures (please see note 12), but did not have a material impact on its condensed consolidated financial statements.

INVESTMENTS_AT_FAIR_VALUE

INVESTMENTS, AT FAIR VALUE	3 Months Ended
	Mar. 31, 2014
Investments [Abstract]	'
INVESTMENTS, AT FAIR VALUE	'
	INVESTMENTS, AT FAIR VALUE
	Investments held and securities sold short by the consolidated funds are summarized below:
		Fair Value as of						Fair Value as a Percentage of Investments of Consolidated Funds as of
	Investments:	March 31,			December 31,			March 31,			December 31,
		2014			2013			2014			2013
	United States:
	Fixed income securities:
	Consumer discretionary	$	2,790,284		$	3,017,755		6.5	%		7.6	%
	Consumer staples	570,952			801,959			1.3			2
	Energy	684,839			650,336			1.6			1.6
	Financials	478,739			554,115			1.1			1.4
	Health care	849,138			600,570			2			1.5
	Industrials	1,947,941			1,768,600			4.6			4.4
	Information technology	1,119,772			1,130,614			2.6			2.8
	Materials	1,149,059			1,094,476			2.7			2.7
	Telecommunication services	319,044			289,046			0.8			0.7
	Utilities	2,328,326			2,182,098			5.5			5.6
	Total fixed income securities (cost: $12,228,907 and $12,008,435 as of March 31, 2014 and December 31, 2013, respectively)	12,238,094			12,089,569			28.7			30.3
	Equity securities:
	Consumer discretionary	3,097,080			3,164,000			7.3			7.9
	Consumer staples	559,012			482,521			1.3			1.2
	Energy	621,780			570,839			1.5			1.4
	Financials	7,151,016			6,474,365			16.8			16.3
	Health care	346,115			310,582			0.8			0.8
	Industrials	2,965,141			1,840,900			7			4.6
	Information technology	252,151			227,608			0.6			0.6
	Materials	926,008			923,933			2.2			2.3
	Telecommunication services	46,408			51,881			0.1			0.1
	Utilities	222,846			193,984			0.5			0.5
	Total equity securities (cost: $12,202,295 and $11,104,484 as of March 31, 2014 and December 31, 2013, respectively)	16,187,557			14,240,613			38.1			35.7
		Fair Value as of						Fair Value as a Percentage of Investments of Consolidated Funds as of
	Investments:	March 31,			December 31,			March 31,			December 31,
		2014			2013			2014			2013
	Europe:
	Fixed income securities:
	Consumer discretionary	$	1,315,531		$	1,519,530		3.1	%		3.8	%
	Consumer staples	157,755			159,489			0.4			0.4
	Energy	345,572			295,942			0.8			0.7
	Financials	574,178			612,123			1.4			1.5
	Health care	78,646			39,189			0.2			0.1
	Industrials	351,636			378,797			0.8			1
	Information technology	31,216			22,216			0.1			0.1
	Materials	650,492			663,984			1.5			1.7
	Telecommunication services	150,745			175,231			0.4			0.4
	Utilities	14,422			18,581			0			0
	Total fixed income securities (cost: $3,414,059 and $3,349,740 as of March 31, 2014 and December 31, 2013, respectively)	3,670,193			3,885,082			8.7			9.7
	Equity securities:
	Consumer discretionary	324,219			198,045			0.8			0.5
	Consumer staples	421,003			385,595			1			1
	Energy	140,976			129,207			0.3			0.3
	Financials	3,442,951			2,763,198			8			6.9
	Health care	13,092			13,084			0			0
	Industrials	1,140,867			784,524			2.7			2
	Information technology	—			1,341			—			0
	Materials	304,886			249,732			0.7			0.6
	Telecommunication services	—			1,382			—			0
	Total equity securities (cost: $5,083,771 and $4,111,171 as of March 31, 2014 and December 31, 2013, respectively)	5,787,994			4,526,108			13.5			11.3
	Asia and other:
	Fixed income securities:
	Consumer discretionary	121,197			93,087			0.3			0.2
	Consumer staples	67,452			25,424			0.2			0.1
	Energy	55,863			74,167			0.1			0.2
	Financials	190,506			159,369			0.4			0.4
Health care	34,748			31,057			0.1			0.1
Industrials	820,314			1,247,793			1.9			3.1
Information technology	23,882			21,842			0.1			0.1
Materials	113,321			84,107			0.3			0.2
Telecommunication services	1,608			1,884			0			0
Utilities	8,262			6,808			0			0
Total fixed income securities (cost: $1,329,587 and $1,639,694 as of March 31, 2014 and December 31, 2013, respectively)	1,437,153			1,745,538			3.4			4.4
	Fair Value as of						Fair Value as a Percentage of Investments of Consolidated Funds as of
Investments:	March 31,			December 31,			March 31,			December 31,
	2014			2013			2014			2013
Asia and other:
Equity securities:
Consumer discretionary	$	599,159		$	422,731		1.4	%		1.1	%
Consumer staples	67,223			42,937			0.2			0.1
Energy	227,935			267,494			0.5			0.7
Financials	1,177,443			1,211,033			2.8			3
Health care	29,696			8,124			0.1			0
Industrials	620,416			1,136,934			1.5			2.9
Information technology	222,057			130,714			0.5			0.3
Materials	80,734			63,395			0.2			0.2
Telecommunication services	18,397			17,719			0			0
Utilities	163,113			123,897			0.4			0.3
Total equity securities (cost: $2,516,567 and $2,734,160 as of March 31, 2014 and December 31, 2013, respectively)	3,206,173			3,424,978			7.6			8.6
Total fixed income securities	17,345,440			17,720,189			40.8			44.4
Total equity securities	25,181,724			22,191,699			59.2			55.6
Total investments, at fair value	$	42,527,164		$	39,911,888		100	%		100	%
Securities Sold Short:
Securities sold short – equities (proceeds: $103,344 and $137,092 as of March 31, 2014 and December 31, 2013, respectively)	$	(99,509	)	$	(140,251	)
As of March 31, 2014 and December 31, 2013, no single issuer or investment had a fair value that exceeded 5% of Oaktree's total consolidated net assets.
Net Gains From Investment Activities of Consolidated Funds
Net gains from investment activities in the condensed consolidated statements of operations consist primarily of the realized and unrealized gains and losses on the consolidated funds' investments (including foreign exchange gains and losses attributable to foreign-denominated investments and related activities) and other financial instruments. Unrealized gains or losses result from changes in the fair value of these investments and other financial instruments. Upon disposition of an investment, unrealized gains or losses are reversed and an offsetting realized gain or loss is recognized in the current period.
The following table summarizes net gains (losses) from investment activities:
	Three Months Ended March 31,
	2014						2013
	Net Realized Gain (Loss) on Investments			Net Change in Unrealized Appreciation (Depreciation) on Investments			Net Realized Gain (Loss) on Investments				Net Change in Unrealized Appreciation (Depreciation) on Investments
Investments and other financial instruments	$	718,123		$	775,322		$	1,237,119			$	855,550
Foreign currency forward contracts (1)	(56,976		)	(168		)	(35,989		)		147,889
Total-return, credit-default and interest-rate swaps (1)	(102		)	7,419			2,327				12,992
Options and futures (1)	(6,894		)	(10,057		)	(5,197		)		5,086
Swaptions	—			(2,038		)	—				—
Total	$	654,151		$	770,478		$	1,198,260			$	1,021,517
-1	Please see note 5 for additional information.

FAIR_VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
FAIR VALUE	'
	FAIR VALUE
	Fair Value of Financial Assets and Liabilities
	The fair value of financial instruments by fair-value hierarchy level is set forth below:
		As of March 31, 2014																As of December 31, 2013
		Level I				Level II				Level III				Total				Level I				Level II				Level III				Total
	Assets
	Cash and cash-equivalents (1)	$	563,292			$	—			$	—			$	563,292			$	390,721			$	—			$	—			$	390,721
	U.S. Treasury and government-agency securities (1)	360,559				—				—				360,559				676,600				—				—				676,600
	Forward contracts (2)	—				3,506				—				3,506				—				7,893				—				7,893
	Total-return swap (2)	—				—				—				—				—				4,515				—				4,515
	Total assets	$	923,851			$	3,506			$	—			$	927,357			$	1,067,321			$	12,408			$	—			$	1,079,729
	Liabilities
	Forward contracts (3)	$	—			$	(4,790	)		$	—			$	(4,790	)		$	—			$	(6,141	)		$	—			$	(6,141	)
	Interest-rate swaps (3)	—				(4,781		)		—				(4,781		)		—				(4,171		)		—				(4,171		)
	Total liabilities	$	—			$	(9,571	)		$	—			$	(9,571	)		$	—			$	(10,312	)		$	—			$	(10,312	)
	-1	The carrying value approximates fair value due to the short-term nature.
	-2	Amounts are included in other assets in the condensed consolidated statements of financial condition.
	-3	Amounts are included in accounts payable, accrued expenses and other liabilities in the condensed consolidated statements of financial condition.
	Fair Value of Financial Instruments Held By Consolidated Funds
	The table below summarizes the valuation of investments and other financial instruments of the consolidated funds by fair-value hierarchy levels:
		As of March 31, 2014																As of December 31, 2013
		Level I				Level II				Level III				Total				Level I				Level II				Level III				Total
	Assets
	Cash and cash-equivalents (1)	$	2,421,676			$	—			$	—			$	2,421,676			$	2,246,944			$	—			$	—			$	2,246,944
	Investments:
	Corporate debt – bank debt	—				7,668,325				2,584,354				10,252,679				—				7,352,129				2,809,437				10,161,566
	Corporate debt – all other	1,224				5,024,193				2,067,344				7,092,761				798				5,125,646				2,432,179				7,558,623
	Equities – common stock	6,378,075				475,554				7,613,726				14,467,355				4,804,068				1,109,270				6,700,015				12,613,353
	Equities – preferred stock	3,607				10,018				1,145,630				1,159,255				4,101				8,483				919,771				932,355
	Real estate	—				148,767				6,976,625				7,125,392				—				37,184				6,221,294				6,258,478
	Real estate loan portfolios	—				—				2,413,412				2,413,412				—				—				2,369,441				2,369,441
	Other	1,629				—				14,681				16,310				2,656				1,708				13,708				18,072
	Total investments	6,384,535				13,326,857				22,815,772				42,527,164				4,811,623				13,634,420				21,465,845				39,911,888
	Derivatives:
	Forward contracts	—				16,163				—				16,163				—				51,765				—				51,765
	Swaps	—				30,015				—				30,015				—				18,318				—				18,318
	Options and futures	63				36,006				—				36,069				101				18,037				—				18,138
	Swaptions	—				4,641				—				4,641				—				6,716				—				6,716
	Total derivatives	63				86,825				—				86,888				101				94,836				—				94,937
	Total assets	$	8,806,274			$	13,413,682			$	22,815,772			$	45,035,728			$	7,058,668			$	13,729,256			$	21,465,845			$	42,253,769
	Liabilities
	Securities sold short – equities	$	(99,509	)		$	—			$	—			$	(99,509	)		$	(140,251	)		$	—			$	—			$	(140,251	)
	Derivatives:
	Forward contracts	—				(98,580		)		—				(98,580		)		—				(135,246		)		—				(135,246		)
	Swaps	—				(6,763		)		(2,902		)		(9,665		)		—				(7,096		)		—				(7,096		)
	Options and futures	(1,794		)		(14,395		)		—				(16,189		)		(5,030		)		(1,184		)		—				(6,214		)
	Swaptions	—				(1,285		)		—				(1,285		)		—				(1,324		)		—				(1,324		)
	Total derivatives	(1,794		)		(121,023		)		(2,902		)		(125,719		)		(5,030		)		(144,850		)		—				(149,880		)
	Total liabilities	$	(101,303	)		$	(121,023	)		$	(2,902	)		$	(225,228	)		$	(145,281	)		$	(144,850	)		$	—			$	(290,131	)
	-1	The carrying value approximates fair value due to the short-term nature.
	The following tables set forth a summary of changes in the fair value of the Level III investments:
			Corporate Debt – Bank Debt				Corporate Debt – All Other				Equities – Common Stock				Equities – Preferred Stock				Real Estate				Real Estate Loan Portfolios				Swaps				Other			Total
	Three Months Ended
	March 31, 2014:
	Beginning balance		$	2,809,437			$	2,432,179			$	6,700,015			$	919,771			$	6,221,294			$	2,369,441			$	—			$	13,708		$	21,465,845
	Transfers into Level III		721,444				150				424,682				—				1,762				—				—				—			1,148,038
	Transfers out of Level III		(972,015		)		(6,366		)		(340,071		)		(3,849		)		(90,896		)		—				—				—			(1,413,197		)
	Purchases		254,943				123,984				800,128				144,517				800,795				236,684				—				1,000			2,362,051
	Sales		(274,745		)		(536,993		)		(273,583		)		(41,380		)		(302,335		)		(285,339		)		—				—			(1,714,375		)
	Realized gains (losses), net		44,144				115,502				59,376				(28		)		52,203				26,860				—				—			298,057
	Unrealized appreciation (depreciation), net		1,146				(61,112		)		243,179				126,599				293,802				65,766				(2,902		)		(27		)	666,451
	Ending balance		$	2,584,354			$	2,067,344			$	7,613,726			$	1,145,630			$	6,976,625			$	2,413,412			$	(2,902	)		$	14,681		$	22,812,870
	Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period		$	(24,732	)		$	48,955			$	354,211			$	141,096			$	298,175			$	71,975			$	2,084			$	5		$	891,769
Three Months Ended
March 31, 2013:
Beginning balance		$	2,253,476			$	3,159,051			$	8,101,051			$	650,096			$	3,946,142			$	1,737,822			$	44,705			$	15,547		$	19,907,890
Transfers into Level III		49,731				6,131				528,314				125,470				—				—				—				—			709,646
Transfers out of Level III		(193,810		)		(97,875		)		(398,778		)		—				—				—				—				—			(690,463		)
Purchases		134,839				33,584				51,039				29,300				307,269				224,425				—				—			780,456
Sales		(183,236		)		(198,596		)		(1,127,763		)		(178,320		)		(26,834		)		(283,182		)		—				—			(1,997,931		)
Realized gains (losses), net		(17,014		)		23,255				426,537				29,034				(9,325		)		7,074				—				—			459,561
Unrealized appreciation (depreciation), net		23,452				(12,712		)		(332,554		)		(7,748		)		281,674				44,245				9,969				(57		)	6,269
Ending balance		$	2,067,438			$	2,912,838			$	7,247,846			$	647,832			$	4,498,926			$	1,730,384			$	54,674			$	15,490		$	19,175,428
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period		$	33,359			$	27,735			$	145,621			$	32,491			$	279,223			$	44,245			$	9,970			$	(58	)	$	572,586
Total realized and unrealized gains and losses recorded for Level III investments are included in net realized gain on consolidated funds' investments or net change in unrealized appreciation on consolidated funds' investments in the condensed consolidated statements of operations.
Transfers between Level I and Level II positions for the three months ended March 31, 2014 included $635.2 million from Level II to Level I due to the removal of discounts on three exchange-traded common-equity investments upon the expiration of lockup periods. Transfers between Level I and Level II positions for the three months ended March 31, 2013 included $1,066.8 million from Level II to Level I, as an investment in common equity began trading on a securities exchange.
Transfers out of Level III were generally attributable to certain investments that experienced a more significant level of market activity during the period and thus were valued using observable inputs. Transfers into Level III were typically due to certain investments that experienced a less significant level of market activity during the period or portfolio companies that undertook restructurings or bankruptcy proceedings and thus were valued in the absence of observable inputs.
The following table sets forth a summary of the valuation technique and quantitative information utilized in determining the fair value of the consolidated funds' Level III investments as of March 31, 2014:
Investment Type		Fair Value				Valuation Technique		Significant Unobservable Inputs (9)(10)(11)		Range		Weighted Average (12)
Credit-oriented investments:
Consumer		$	69,643			Discounted cash flow (1)		Discount rate		10% – 15%		11%
discretionary:
		611,631				Market approach		Earnings multiple (3)		4x – 8x		6x
						(comparable companies) (2)
		217,385				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		221,933				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Financials:		10,765				Discounted cash flow (1)		Discount rate		14% – 16%		15%
		221,170				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		559,229				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Industrials:		233,578				Discounted cash flow (1)		Discount rate		12% – 19%		14%
		346,492				Discounted cash flow (1) /		Discount rate / Market transactions		10% – 20%		14%
						Sales approach (8)
		56,665				Market approach		Earnings multiple (3)		5x – 6x		6x
						(comparable companies) (2)
		82,555				Market approach		Underlying asset multiple		0.9x – 1.1x		1x
						(value of underlying assets) (2)(4)
		260,803				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		210,707				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Materials:		102,511				Discounted cash flow (1)		Discount rate		11% – 14%		13%
		442,411				Market approach		Earnings multiple (3)		6x – 7x		7x
						(comparable companies) (2)
		13,303				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
Other:		446,518				Discounted cash flow (1)		Discount rate		9% – 14%		12%
		374,787				Market approach		Earnings multiple (3)		6x – 11x		8x
						(comparable companies) (2)
		29,426				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		137,284				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Equity investments:
Consumer		57,560				Discounted cash flow (1)		Discount rate		10% – 12%		11%
discretionary:
		622,920				Market approach		Earnings multiple (3)		4x – 11x		8x
						(comparable companies) (2)
		2,940				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		167,262				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Investment Type		Fair Value				Valuation Technique		Significant Unobservable Inputs (9)(10)(11)		Range		Weighted Average (12)
Financials:		$	94,481			Discounted cash flow (1)		Discount rate		11% – 13%		12%
		489,920				Market approach		Underlying asset multiple		1x – 1.4x		1.2x
						(value of underlying assets) (2)(4)
		272,389				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
Industrials:		24,938				Discounted cash flow (1)		Discount rate		15% – 17%		16%
		1,668,252				Market approach		Earnings multiple (3)		4x – 14x		8x
						(comparable companies) (2)
		1,493,256				Market approach		Underlying asset multiple		1x – 1.3x		1x
						(value of underlying assets) (2)(4)
		873,360				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		229,158				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Materials:		1,101,844				Market approach		Earnings multiple (3)		6x – 8x		7x
						(comparable companies) (2)
		124,651				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
		32,483				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
Other:		63,222				Discounted cash flow (1)		Discount rate		10% – 12%		11%
		1,178,207				Market approach		Earnings multiple (3)		4x – 11x		9x
						(comparable companies) (2)
		83,889				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		247				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
		178,377				Other		Not applicable		Not applicable		Not applicable
Real estate-oriented
investments:
		2,304,595				Discounted cash flow (1)(7)		Discount rate		8% – 36%		14%
								Terminal capitalization rate		6% – 11%		8%
								Direct capitalization rate		7% – 8%		8%
								Net operating income growth rate		1% – 17%		6%
								Absorption rate		16% – 44%		31%
		1,348,855				Market approach		Earnings multiple (3)		6x – 12x		12x
						(comparable companies) (2)
		483,110				Market approach		Underlying asset multiple		1.2x – 1.4x		1.3x
						(value of underlying assets) (2)(4)
		1,049,702				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		694,305				Sales approach (8)		Market transactions		Not applicable		Not applicable
		1,096,058				Recent market information (6)		Quoted prices / discount		0% – 6%		5%
Real estate loan
portfolios:
		734,587				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		1,678,825				Discounted cash flow (1)(7)		Discount rate		10% – 23%		15%
Other		14,681
Total Level III		$	22,812,870
investments
The following table sets forth a summary of the valuation technique and quantitative information utilized in determining the fair value of the Company's Level III investments as of December 31, 2013:
Investment Type		Fair Value				Valuation Technique		Significant Unobservable Inputs (9)(10)(11)		Range		Weighted Average (12)
Credit-oriented investments:
Consumer		$	40,998			Discounted cash flow (1)		Discount rate		13% – 15%		14%
discretionary:
		571,865				Market approach		Earnings multiple (3)		4x – 11x		5x
						(comparable companies) (2)
		321,619				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		139,002				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Industrials:		328,712				Discounted cash flow (1)		Discount rate		12% – 17%		14%
		335,270				Discounted cash flow (1) /		Discount rate / Market transactions		11% – 20%		14%
						Sales approach (8)
		59,349				Market approach		Earnings multiple (3)		4x – 6x		6x
						(comparable companies) (2)
		77,550				Market approach		Underlying asset multiple		0.9x – 1.1x		1x
						(value of underlying assets) (2)(4)
		208,436				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		840,871				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Materials:		67,280				Discounted cash flow (1)		Discount rate		13% – 14%		13%
		437,522				Market approach		Earnings multiple (3)		6x – 7x		6x
						(comparable companies) (2)
		79,020				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
Other:		704,430				Discounted cash flow (1)		Discount rate		8% – 15%		11%
		337,406				Market approach		Earnings multiple (3)		6x – 7x		7x
						(comparable companies) (2)
		291,925				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		400,361				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Equity investments:
Consumer		57,560				Discounted cash flow (1)		Discount rate		12% – 14%		13%
discretionary:
		504,550				Market approach		Earnings multiple (3)		4x – 11x		9x
						(comparable companies) (2)
		97,834				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		140,705				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Financials:		344,636				Market approach		Earnings multiple (3)		12x – 14x		13x
						(comparable companies) (2)
		407,823				Market approach		Underlying asset multiple		1x – 1.2x		1.1x
						(value of underlying assets) (2)(4)
		185,140				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
Industrials:		1,511,811				Market approach		Earnings multiple (3)		4x – 12x		8x
						(comparable companies) (2)
		1,064,686				Market approach		Underlying asset multiple		1x – 1.4x		1.1x
						(value of underlying assets) (2)(4)
		745,519				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
Investment Type		Fair Value				Valuation Technique		Significant Unobservable Inputs (9)(10)(11)		Range		Weighted Average (12)
Materials:		$	1,014,930			Market approach		Earnings multiple (3)		6x – 8x		7x
						(comparable companies) (2)
		1,604				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
		56,064				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
Other:		60,451				Discounted cash flow (1)		Discount rate		10% – 12%		11%
		1,052,158				Market approach		Earnings multiple (3)		5x – 11x		9x
						(comparable companies) (2)
		21,790				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		107,361				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
		245,164				Other		Not applicable		Not applicable		Not applicable
Real estate-oriented
investments:
		1,997,927				Discounted cash flow (1)(7)		Discount rate		8% – 36%		14%
								Terminal capitalization rate		6% – 15%		8%
								Direct capitalization rate		7% – 8%		8%
								Net operating income growth rate		1% – 30%		9%
								Absorption rate		16% – 44%		32%
		1,230,234				Market approach		Earnings multiple (3)		6x – 12x		12x
						(comparable companies) (2)
		427,452				Market approach		Underlying asset multiple		1.3x – 1.5x		1.4x
						(value of underlying assets) (2)(4)
		710,888				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		684,802				Sales approach (8)		Market transactions		Not applicable		Not applicable
		1,169,991				Recent market information (6)		Quoted prices / discount		0% – 6%		5%
Real estate loan
portfolios:
		593,986				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		1,775,455				Discounted cash flow (1)(7)		Discount rate		10% – 24%		15%
Other		13,708
Total Level III		$	21,465,845
investments
-1	A discounted cash-flow method is generally used to value performing credit-oriented investments in which the consolidated funds do not have a controlling interest in the underlying issuer, as well as certain equity investments, real estate-oriented investments and real estate loan portfolios.
-2	A market approach is generally used to value distressed investments and investments in which the consolidated funds have a controlling interest in the underlying issuer.
-3	Earnings multiples are based on comparable public companies and transactions with comparable companies. The Company typically utilizes multiples of EBITDA; however, in certain cases the Company may use other earnings multiples believed to be most relevant to the investment. The Company typically applies the multiple to trailing-twelve months' EBITDA. However, in certain cases other earnings measures, such as pro forma EBITDA, may be utilized if deemed to be more relevant.
-4	A market approach using the value of underlying assets utilizes a multiple, based on comparable companies, of underlying assets or the net book value of the portfolio company. The Company typically obtains the value of underlying assets from the underlying portfolio company's financial statements or from pricing vendors. The Company may value the underlying assets by using prices and other relevant information from market transactions involving comparable assets.
-5	Certain investments are valued based on recent transactions, generally defined as investments purchased or sold within six months of the valuation date. The fair value may also be based on a pending transaction expected to close after the valuation date.
-6	Certain investments are valued using quoted prices for the subject or similar securities.  Generally, investments valued in this manner are classified as Level III because the quoted prices may be indicative in nature for securities that are in an inactive market, may be for similar securities, or may require adjustment for investment-specific factors or restrictions.
-7	The discounted cash flow model for certain real estate-oriented investments and certain real estate loan portfolios contains a sell-out analysis. In these cases, the discounted cash flow is based on the expected timing and prices of sales of the underlying properties. The Company's determination of the sales prices of these properties typically includes consideration of prices and other relevant information from market transactions involving comparable properties.
-8	The sales approach uses prices and other relevant information generated by market transactions involving comparable assets. The significant unobservable inputs used in the sales approach generally include adjustments to transactions involving comparable assets or properties, adjustments to external or internal appraised values, and the Company's assumptions regarding market trends or other relevant factors.
-9	The discount rate is the significant unobservable input used in the fair-value measurement of performing credit-oriented investments in which the consolidated funds do not have a controlling interest in the underlying issuer, as well as certain equity investments and real estate loan portfolios. An increase (decrease) in the discount rate would result in a lower (higher) fair-value measurement.
-10	Multiple of either earnings or underlying assets is the significant unobservable input used in the market approach for the fair-value measurement of distressed credit-oriented investments, credit-oriented investments in which the consolidated funds have a controlling interest in the underlying issuer, equity investments and certain real estate-oriented investments. An increase (decrease) in the multiple would result in a higher (lower) fair-value measurement.
-11	The significant unobservable inputs used in the fair-value measurement of real estate investments utilizing a discounted cash flow analysis can include one or more of the following: discount rate, terminal capitalization rate, direct capitalization rate, net operating income growth rate or absorption rate. An increase (decrease) in a discount rate, terminal capitalization rate or direct capitalization rate would result in a lower (higher) fair-value measurement. An increase (decrease) in a net operating income growth rate or absorption rate would result in a higher (lower) fair-value measurement. Generally, a change in a net operating income growth rate or absorption rate would be accompanied by a directionally similar change in the discount rate.
-12	The weighted average is based on the fair value of the investments included in the range.
A significant amount of judgment may be required when using unobservable inputs, including assessing the accuracy of source data and the results of pricing models. The Company assesses the accuracy and reliability of the sources it uses to develop unobservable inputs. These sources may include third-party vendors that the Company believes are reliable and commonly utilized by other market place participants. As described in note 2, other factors beyond the unobservable inputs described above may have a significant impact on investment valuations.
During the three months ended March 31, 2014, the valuation technique for one Level III equity security and one Level III credit-oriented security changed from a valuation based on recent market information to a market approach based on comparable companies, as the investee underwent a restructuring and its securities are no longer traded. During the three months ended March 31, 2013, there were no changes in techniques used to value Level III investments.

HEDGES_AND_OTHER_DERIVATIVE_IN

HEDGES AND OTHER DERIVATIVE INSTRUMENTS	3 Months Ended
	Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
HEDGES AND OTHER DERIVATIVE INSTRUMENTS	'
	HEDGES AND OTHER DERIVATIVE INSTRUMENTS
	The Company enters into derivative instruments as part of its overall risk management strategy or to facilitate its investment management activities. Risks associated with fluctuations in interest rates and foreign currency exchange rates in the normal course of business are addressed as part of the Company's overall risk management strategy that may include the use of derivative instruments to economically hedge or reduce these exposures. From time to time, the Company may enter into (a) foreign currency option and forward contracts to reduce earnings and cash flow volatility associated with changes in foreign currency exchange rates, and (b) interest-rate swaps to manage all or a portion of the interest-rate risk associated with its variable rate borrowings. As a result of the use of these or other derivative contracts, the Company is exposed to the risk that counterparties will fail to fulfill their contractual obligations. The Company attempts to mitigate this counterparty risk by entering into derivative contracts only with major financial institutions that have investment-grade credit ratings. Counterparty credit risk is evaluated in determining the fair value of derivative instruments.
	In January 2013, the Company entered into an interest-rate swap with a notional value of $175.0 million, of which $168.8 million was designated to hedge a portion of the interest-rate risk associated with its variable-rate borrowings. As of March 31, 2014, the Company had two interest-rate swaps designated as cash-flow hedges with a combined notional value of $371.3 million. These hedges continued to be effective. As of December 31, 2013, the Company had two interest-rate swaps designated as cash-flow hedges with a combined notional value of $378.8 million.
	In August 2013, to facilitate its investment management activities, the Company entered into a two-year total return swap (“TRS”) agreement with a financial institution to meet certain investment objectives for which the primary risk exposure was credit. Pursuant to the TRS agreement, the Company had deposited $50 million in cash collateral with the counterparty and had the ability to access up to $200 million of U.S. dollar-denominated debt securities underlying the TRS.
	In February 2014, the Company closed its TRS position resulting in realized gains of $7.1 million, of which $1.4 million was received in cash. In connection with the launch of a CLO, the Company purchased the underlying reference securities that were held by the counterparty at fair value totaling $312.9 million and interest receivable of $1.0 million. The Company paid $258.2 million in cash, net of the $50 million cash deposit and an offset of the remaining $5.7 million of realized gains due from the counterparty under the TRS. The CLO was funded with net proceeds of $450.0 million in cash from the issuance of $456.0 million in senior secured notes to a third party, net of $6.0 million in debt issuance costs, and $60.2 million in contributions from the Company. Please see note 6 for more information regarding CLO loans payable.
	Freestanding derivatives are instruments that the Company enters into as part of its overall risk management strategy but does not designate as hedging instruments for accounting purposes. These instruments may include foreign currency exchange contracts, interest-rate swaps and other derivative contracts.
	The fair value of forward currency sell contracts consisted of the following:
	As of March 31, 2014:	Contract			Contract				Market				Net Unrealized
		Amount in			Amount in				Value in				Appreciation
		Local Currency			U.S. Dollars				U.S. Dollars				(Depreciation)
	Euro, expiring 4/8/14-1/8/15	149,055			$	201,266			$	205,319			$	(4,053	)
	USD (buy GBP), expiring 4/8/14-1/30/15	53,498			53,498				51,907				1,591
	GBP, expiring 4/30/14	3,000			4,643				5,001				(358		)
	Japanese Yen, expiring 4/30/14-1/30/15	5,745,650			57,267				55,731				1,536
	Total				$	316,674			$	317,958			$	(1,284	)
	As of December 31, 2013:
	Euro, expiring 1/8/14-10/31/14	115,685			$	153,959			$	159,485			$	(5,526	)
	USD (buy GBP), expiring 1/8/14-9/30/14	54,361			54,361				50,286				4,075
	GBP, expiring 4/30/14	3,000			4,643				4,966				(323		)
	Japanese Yen, expiring 1/31/14-1/30/15	6,261,700			63,107				59,581				3,526
	Total				$	276,070			$	274,318			$	1,752
	The fair value of the TRS contract as of December 31, 2013, which is included in other assets in the condensed consolidated statements of financial condition, consisted of the following:
	As of December 31, 2013	Notional				Fair Value
	Total-return swap	$	189,089			$	4,515
	Realized and unrealized gains and losses arising from freestanding derivative instruments were recorded on the condensed consolidated statements of operations as follows:
		For the Three Months
		Ended March 31,
	Foreign Currency Forward Contracts:	2014				2013
	General and administrative expenses (1)	$	(1,491	)		$	4,359
	Total-return Swap:
	Investment income	$	2,554			$	—
	-1	To the extent that the Company's freestanding derivatives are utilized to hedge its exposure to investment income and management fees earned from consolidated funds, the related hedged items are eliminated in consolidation, with the derivative impact (a positive number reflects a reduction of expenses) reflected in consolidated general and administrative expenses.
	As of both March 31, 2014 and December 31, 2013, the Company had not designated any derivatives as fair-value hedges or hedges of net investments in foreign operations.
	Derivatives Held By Consolidated Funds
	Certain consolidated funds utilize derivative instruments in ongoing investment operations. These derivatives primarily consist of foreign currency forward contracts and options utilized to manage currency risk, interest-rate swaps to hedge interest-rate risk, options and futures used to hedge exposure for specific securities, and total-return and credit-default swaps utilized mainly to obtain exposure to leveraged loans or to participate in foreign markets not readily accessible. The primary risk exposure for options and futures is price, while the primary risk exposure for total-return and credit-default swaps is credit. None of the derivative instruments are accounted for as hedging instruments utilizing hedge accounting.
	The impact of derivative instruments held by the consolidated funds on the condensed consolidated statements of operations was as follows:
		Three Months Ended March 31,
		2014								2013
		Net Realized Gain (Loss) on Investments				Net Change in Unrealized Appreciation (Depreciation) on Investments				Net Realized Gain (Loss) on Investments				Net Change in Unrealized Appreciation (Depreciation) on Investments
	Foreign currency forward contracts	$	(56,976	)		$	(168	)		$	(35,989	)		$	147,889
	Total-return, credit-default and interest-rate swaps	(102		)		7,419				2,327				12,992
	Options and futures	(6,894		)		(10,057		)		(5,197		)		5,086
	Swaptions	—				(2,038		)		—				—
	Total	$	(63,972	)		$	(4,844	)		$	(38,859	)		$	165,967
	Balance Sheet Offsetting
	The Company recognizes all derivatives as assets or liabilities at fair value in its condensed consolidated statements of financial condition. In connection with its derivative activities, the Company generally enters into agreements subject to enforceable master netting arrangements that allow the Company to offset derivative assets and liabilities in the same currency by specific derivative type or, in the event of default by the counterparty, to offset derivative assets and liabilities with the same counterparty. The table below sets forth the rights of setoff and related arrangements associated with derivative instruments held by the Company. The “gross amounts not offset in statements of financial condition” column in the table below relates to derivative instruments that are eligible to be offset in accordance with applicable accounting guidance, but for which management has elected not to offset in the condensed consolidated statements of financial condition.
		Gross Amounts of Assets (Liabilities)				Gross Amounts Offset in Assets (Liabilities)				Net Amounts of Assets (Liabilities) Presented				Gross Amounts Not Offset in Statements of Financial Condition						Net Amount
	As of March 31, 2014													Derivative Assets (Liabilities)			Cash Collateral Received (Pledged)
	Derivative Assets:
	Foreign currency forward contracts	$	3,506			$	—			$	3,506			$	2,834		$	—		$	672
	Derivative assets of consolidated funds:
	Foreign currency forward contracts	16,163				—				16,163				14,911			—			1,252
	Total-return, credit-default and interest-rate swaps	30,015				—				30,015				1,009			—			29,006
	Options and futures	36,069				—				36,069				16,634			—			19,435
	Swaptions	4,641				—				4,641				1,285			—			3,356
	Subtotal	86,888				—				86,888				33,839			—			53,049
	Total	$	90,394			$	—			$	90,394			$	36,673		$	—		$	53,721
	Derivative Liabilities:
	Foreign currency forward contracts	$	(4,790	)		$	—			$	(4,790	)		$	(3,437	)	$	—		$	(1,353	)
	Interest-rate swaps	(4,781		)		—				(4,781		)		603			—			(5,384		)
	Subtotal	(9,571		)		—				(9,571		)		(2,834		)	—			(6,737		)
	Derivative liabilities of consolidated funds:
	Foreign currency forward contracts	(98,580		)		—				(98,580		)		(15,723		)	(2,562		)	(80,295		)
Total-return, credit-default and interest-rate swaps	(9,665		)		—				(9,665		)		(2,436		)	(4,383		)	(2,846		)
Options and futures	(16,189		)		—				(16,189		)		(14,395		)	(1,794		)	—
Swaptions	(1,285		)		—				(1,285		)		(1,285		)	—			—
Subtotal	(125,719		)		—				(125,719		)		(33,839		)	(8,739		)	(83,141		)
Total	$	(135,290	)		$	—			$	(135,290	)		$	(36,673	)	$	(8,739	)	$	(89,878	)
	Gross Amounts of Assets (Liabilities)				Gross Amounts Offset in Assets (Liabilities)				Net Amounts of Assets (Liabilities) Presented				Gross Amounts Not Offset in Statements of Financial Condition						Net Amount
As of December 31, 2013													Derivative Assets (Liabilities)			Cash Collateral Received (Pledged)
Derivative Assets:
Foreign currency forward contracts	$	7,893			$	—			$	7,893			$	5,951		$	—		$	1,942
Total-return swaps	4,515				—				4,515				—			—			4,515
Subtotal	12,408				—				12,408				5,951			—			6,457
Derivative assets of consolidated funds:
Foreign currency forward contracts	51,765				—				51,765				31,223			—			20,542
Total-return, credit-default and interest-rate swaps	18,318				—				18,318				483			—			17,835
Options and futures	18,138				—				18,138				—			—			18,138
Swaptions	6,716				—				6,716				1,324			—			5,392
Subtotal	94,937				—				94,937				33,030			—			61,907
Total	$	107,345			$	—			$	107,345			$	38,981		$	—		$	68,364
Derivative Liabilities:
Foreign currency forward contracts	$	(6,141	)		$	—			$	(6,141	)		$	(4,466	)	$	—		$	(1,675	)
Interest-rate swaps	(4,171		)		—				(4,171		)		(1,485		)	—			(2,686		)
Subtotal	(10,312		)		—				(10,312		)		(5,951		)	—			(4,361		)
Derivative liabilities of consolidated funds:
Foreign currency forward contracts	(135,246		)		—				(135,246		)		(31,223		)	(11,583		)	(92,440		)
Total-return, credit-default and interest-rate swaps	(7,096		)		—				(7,096		)		(483		)	(4,358		)	(2,255		)
Options and futures	(6,214		)		—				(6,214		)		—			(3,067		)	(3,147		)
Swaptions	(1,324		)		—				(1,324		)		(1,324		)	—			—
Subtotal	(149,880		)		—				(149,880		)		(33,030		)	(19,008		)	(97,842		)
Total	$	(160,192	)		$	—			$	(160,192	)		$	(38,981	)	$	(19,008	)	$	(102,203	)

DEBT_OBLIGATIONS_AND_CREDIT_FA

DEBT OBLIGATIONS AND CREDIT FACILITIES	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
DEBT OBLIGATIONS AND CREDIT FACILITIES	'
	DEBT OBLIGATIONS AND CREDIT FACILITIES
	The Company's debt obligations are set forth below:
		As of
		March 31,		December 31,
		2014		2013
	$75,000, 5.03%, issued in June 2004, payable in seven equal annual installments starting June 14, 2008	$	10,714	$	10,714
	$50,000, 6.09%, issued in June 2006, payable on June 6, 2016	50,000		50,000
	$50,000, 5.82%, issued in November 2006, payable on November 8, 2016	50,000		50,000
	$250,000, 6.75%, issued in November 2009, payable on December 2, 2019	250,000		250,000
	$250,000, variable rate term loan issued in December 2012, payable 2.5% per quarter through September 2017, final $125,000 payment on December 21, 2017, prepaid in March 2014	—		218,750
	$250,000, rate as described below, term loan issued in March 2014, payable on March 31, 2019	250,000		—
	Total remaining principal	$	610,714	$	579,464
	Future principal payments of debt obligations as of March 31, 2014 were as follows:
	Remainder of 2014	$	10,714
	2015	—
	2016	100,000
	2017	—
	2018	—
	Thereafter	500,000
	Total	$	610,714
	The Company was in compliance with all financial covenants associated with its senior notes and credit facility as of March 31, 2014 and December 31, 2013.
	The fair value of the Company's debt obligations, which are carried at amortized cost, is a Level III valuation that is estimated based on a discounted cash-flow calculation using estimated rates that would be offered to Oaktree for debt of similar terms and maturities. The fair value of these debt obligations was $662.3 million and $611.1 million as of March 31, 2014 and December 31, 2013, respectively, utilizing an average borrowing rate of 3.3% and 3.2%, respectively. As of March 31, 2014, a 10% increase in the assumed average borrowing rate would lower the estimated fair value to $656.5 million, whereas a 10% decrease would increase the estimated fair value to $668.4 million.
	In March 2014, the Company's subsidiaries Oaktree Capital Management, L.P., Oaktree Capital II, L.P., Oaktree AIF Investments, L.P. and Oaktree Capital I, L.P. entered into a credit agreement with a bank syndicate for senior unsecured credit facilities (the “Credit Facility”), consisting of a $250 million fully-funded term loan (the “Term Loan”) and a $500 million revolving credit facility (the “Revolver”), each with a five-year term. The Credit Facility replaced the amortizing term loan, which had a principal balance of $218.8 million, and the undrawn revolver under the Company's prior credit facility. The Term Loan matures in March 2019, at which time the entire principal amount of $250 million is due. Borrowings under the Credit Facility generally bear interest at a spread to either LIBOR or an alternative base rate. Based on the current credit ratings of Oaktree Capital Management, L.P., the interest rate on borrowings is LIBOR plus 1.00% per annum and the commitment fee on the unused portions of the Revolver is 0.125% per annum. Utilizing interest-rate swaps, the majority of the Term Loan's annual interest rate is fixed at 2.69% through January 2016 and 2.22% for the twelve months thereafter, based on the current credit ratings of Oaktree Capital Management, L.P. The Credit Facility contains customary financial covenants and restrictions, including ones regarding a maximum leverage ratio of 3.0-to-1.0 and a minimum required level of assets under management (as defined in the credit agreement) of $50 billion. As of March 31, 2014, the Company had no outstanding borrowings under the Revolver and was able to draw the full amount available without violating any financial covenants.
	Credit Facilities of the Consolidated Funds
	Certain consolidated funds maintain revolving credit facilities to fund investments between capital drawdowns. These facilities generally (a) are collateralized by the unfunded capital commitments of the consolidated funds' limited partners, (b) bear an annual commitment fee based on unfunded commitments, and (c) contain various affirmative and negative covenants and reporting obligations, including restrictions on additional indebtedness, liens, margin stock, affiliate transactions, dividends and distributions, release of capital commitments, and portfolio asset dispositions. Additionally, certain consolidated funds have issued senior variable rate notes to fund investments on a longer term basis, generally up to ten years. The obligations of the consolidated funds are nonrecourse to the Company. The fair value of the credit facilities and senior variable rate notes is a Level III valuation and was estimated based on a discounted cash-flow analysis utilizing a discount rate that ranged from 1.6% to 1.8%. For all periods presented, carrying value approximates the fair value of the credit facilities and senior variable rate notes due to their short-term nature, recent issuance date or a resulting yield that approximates the market rate. As of March 31, 2014, the consolidated funds were in compliance with all covenants.
	The consolidated funds had the following revolving credit facilities and term loans outstanding:
	Credit Agreement	Outstanding Amount as of				Facility Capacity			LIBOR		Maturity	Commitment Fee Rate		L/C Fee (2)
		March 31,		December 31,					Margin (1)
		2014		2013
	Credit facility (3)	$	434,000	$	434,000	$	435,000		1.45%		11/14/18	N/A		N/A
	Senior variable rate notes (3)	249,500		249,500		$	249,500		1.55%		10/20/22	N/A		N/A
	Senior variable rate notes (3)	499,017		498,916		$	500,000		1.20%		4/20/23	N/A		N/A
	Senior variable rate notes (3)	402,387		402,375		$	402,500		1.20%		7/20/23	N/A		N/A
	Senior variable rate notes (3)	64,500		64,500		$	64,500		1.65%		7/20/23	N/A		N/A
	Revolving credit facility	300,000		400,000		$	500,000		1.60%		6/26/15	0.25%		N/A
	Revolving credit facility	—		67,000		$	180,000		1.75%		12/15/14	0.35%		N/A
	Revolving credit facility	—		—		$	125,000		1.75%		5/20/14	0.35%		N/A
	Revolving credit facility	—		—		$	55,000		2.00%		12/15/15	0.35%		2.00%
	Revolving credit facility	—		—		$	40,000		1.50%		12/5/14	0.30%		1.50%
	Euro-denominated revolving credit facility	647,481		13,090		€	550,000		1.65%		2/25/16	0.25%		1.65%
	Euro-denominated revolving credit facility	37,213		—		€	100,000		1.95%		2/2/16	0.40%		1.95%
	Revolving credit facility	—		2,800		$	10,000		2.25%		9/1/14	0.38%		N/A
	Revolving credit facility	245,000		165,000		$	350,000		1.65%		3/22/15	0.25%		N/A
	Revolving credit facility	24,500		—		$	150,000		1.60%		1/16/17	0.25%		1.60%
	Revolving credit facility	13,600		—		$	30,000		1.50%		12/11/15	0.20%		N/A
	Credit facility (4)	201,515		—		$	201,515		2.12%		Various	N/A		N/A
		$	3,118,713	$	2,297,181
	-1	The facilities bear interest, at the borrower's option, at (a) an annual rate of LIBOR plus the applicable margin or (b) an alternate base rate, as defined in the respective credit agreement.
	-2	Certain facilities allow for the issuance of letters of credit at an applicable annual fee. As of March 31, 2014 and December 31, 2013, outstanding standby letters of credit totaled $55,546 and $55,954, respectively.
	-3	The credit facility was collateralized by the portfolio investments and cash and cash-equivalents of the fund.
	-4	The credit facility was collateralized by specific investments of the fund. Of the total balance outstanding, $166.7 million matures on March 11, 2015 and the remaining $34.8 million matures on February 11, 2016.
	Collateralized Loan Obligation Loans Payable
	As of March 31, 2014, the Company had consolidated three CLOs in its condensed consolidated financial statements. The table below sets forth the loans payable of those CLOs.
		As of March 31, 2014							As of December 31, 2013
		Outstanding Borrowings		Fair Value (1)		Weighted Average Interest Rate		Weighted Average Remaining Maturity (years)	Outstanding Borrowings			Fair Value			Weighted Average Interest Rate	Weighted Average Remaining Maturity (years)
	Senior secured notes (2)	$	456,075	$	456,075	2.25%		11	$	—		$	—		n/a	n/a
	Senior secured notes (3)	20,900		20,900		2.55%		4.8	—			—			n/a	n/a
	Term loan (4)	20,674		20,674		1.83%		1.3	—			—			n/a	n/a
		$	497,649	$	497,649
	-1	The carrying value approximates fair value due to the short-term nature or recent issuance date. The debt obligations of the CLOs are Level III valuations and were valued using a discounted cash-flow analysis.
	-2	The interest rate was LIBOR plus 2.01%.
	-3	The interest rate was LIBOR plus a margin determined based on a formula as defined in the respective borrowing agreements, which incorporate different borrowing values based on the characteristics of collateral investments purchased.  The weighted average unused commitment fee rate ranged from 0% to 2.0%.
	-4	The term loan had a total facility capacity of €140 million as of March 31, 2014. The interest rate was EURIBOR plus 1.40% and the unused commitment fee was 0.30%.
The obligations with respect to the CLO loans payable are nonrecourse to the Company and are backed by the investments held by the respective CLO. Assets of one CLO may not be used to satisfy the liabilities of another. As of March 31, 2014, the fair value of the CLO assets was $1.0 billion and consisted of cash, corporate loans, corporate bonds and other securities. As of December 31, 2013, there were no assets or liabilities outstanding associated with the CLOs.
Future principal payments with respect to the CLO loans payable as of March 31, 2014 were as follows:
Remainder of 2014	$	—
2015	20,674
2016	—
2017	—
2018	—
Thereafter	476,975
Total	$	497,649

NONCONTROLLING_REDEEMABLE_INTE

NON-CONTROLLING REDEEMABLE INTERESTS IN CONSOLIDATED FUNDS	3 Months Ended
	Mar. 31, 2014
Non-Controlling Redeemable Interests in Consolidated Funds [Abstract]	'
NON-CONTROLLING REDEEMABLE INTERESTS IN CONSOLIDATED FUNDS	'
	NON-CONTROLLING REDEEMABLE INTERESTS IN CONSOLIDATED FUNDS
	The following table sets forth a summary of changes in the non-controlling redeemable interests in the consolidated funds:
		Three Months Ended March 31,
		2014			2013
	Beginning balance	$	38,834,831		$	39,670,831
	Contributions	1,971,832			1,614,894
	Distributions	(2,092,259		)	(3,256,759		)
	Net income	1,324,832			2,063,965
	Change in distributions payable	109,025			105,089
	Foreign currency translation and other	2,461			(97,875		)
	Ending balance	$	40,150,722		$	40,100,145

UNITHOLDERS_CAPITAL

UNITHOLDERS' CAPITAL	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity Note [Abstract]	'
UNITHOLDERS' CAPITAL	'
	UNITHOLDERS’ CAPITAL
	The OCGH unitholders’ economic interest in the Oaktree Operating Group is reflected as OCGH non-controlling interest in consolidated subsidiaries and is determined at the Oaktree Operating Group level based on the proportionate share of Oaktree Operating Group units held by the OCGH unitholders. Certain expenses, such as income tax and related administrative expenses of Oaktree Capital Group, LLC and its Intermediate Holding Companies, are solely attributable to the Class A unitholders. As of March 31, 2014 and December 31, 2013, respectively, OCGH units represented 109,203,939 of the total 152,683,609 Oaktree Operating Group units and 112,584,211 of the total 151,056,717 Oaktree Operating Group units. Based on total Oaktree Operating Group capital of $1,695,765 and $1,655,911 as of March 31, 2014 and December 31, 2013, respectively, the OCGH non-controlling interest was $1,212,862 and $1,234,169.
	The following table sets forth a summary of the net income attributable to the OCGH non-controlling interest and to the Class A unitholders:
		Three Months Ended
		March 31,
		2014			2013
	Weighted average Oaktree Operating Group units outstanding (in thousands):
	OCGH non-controlling interest	112,571			120,628
	Class A unitholders	39,700			30,186
	Total weighted average units outstanding	152,271			150,814
	Oaktree Operating Group net income:
	Net income attributable to OCGH non-controlling interest	$	163,558		$	262,017
	Net income attributable to Class A unitholders	57,682			65,569
	Oaktree Operating Group net income	$	221,240		$	327,586
	Net income attributable to Oaktree Capital Group, LLC:
	Oaktree Operating Group net income attributable to Class A unitholders	$	57,682		$	65,569
	Non-Operating Group expenses	(282		)	(210		)
	Income tax expense of Intermediate Holding Companies	(5,606		)	(7,793		)
	Net income attributable to Oaktree Capital Group, LLC	$	51,794		$	57,566
	Set forth below are the effects of changes in the Company’s ownership interest in the Oaktree Operating Group:
		Three Months Ended
		March 31,
		2014			2013
	Net income attributable to Oaktree Capital Group, LLC	$	51,794		$	57,566
	Equity reallocation between controlling and non-controlling interests	49,098			(887		)
	Change from net income attributable to Oaktree Capital Group, LLC and transfers from (to) non-controlling interest	$	100,892		$	56,679
	On March 10, 2014, the Company issued and sold 5,000,000 Class A units to the underwriter in a public offering (the “March 2014 Offering”), resulting in $296.7 million in proceeds to the Company. The Company did not retain any proceeds from the sale of Class A units in the March 2014 Offering. The proceeds from the March 2014 Offering were used to acquire interests in the Company's business from certain of the Company's directors, employees and other investors, including certain Principals and other members of the Company's senior management.
	Please see notes 9, 10 and 11 for additional information regarding transactions that impacted unitholders' capital.

EARNINGS_PER_UNIT

EARNINGS PER UNIT	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
EARNINGS PER UNIT	'
	EARNINGS PER UNIT
	The computations of net income per Class A unit are set forth below:
		Three Months Ended
		March 31,
		2014		2013
	Weighted average units outstanding:	(in thousands, except per unit amounts)
	Class A units outstanding	39,700		30,186
	OCGH units exchangeable into Class A units (1)	—		—
	Total weighted average units outstanding	39,700		30,186
	Net income per Class A unit:
	Net income	$	51,794	$	57,566
	Weighted average units outstanding	39,700		30,186
	Basic and diluted net income per Class A unit	$	1.3	$	1.91
	-1	Vested OCGH units are potentially exchangeable on a one-for-one basis into Class A units. As of March 31, 2014, there were 109,203,939 OCGH units outstanding, accordingly, the Company may cumulatively issue up to 109,203,939 additional Class A units through March 1, 2024 if all such units were exchanged. For all periods presented, OCGH units have been excluded from the calculation of diluted earnings per unit because the exchange of these units would proportionally increase Oaktree Capital Group, LLC’s interest in the Oaktree Operating Group and could have an anti-dilutive effect on earnings per unit to the extent that tax-related or other expenses were incurred by the Company as a result of the exchange.

EQUITYBASED_COMPENSATION

EQUITY-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2014
Share-based Compensation [Abstract]	'
EQUITY-BASED COMPENSATION	'
	EQUITY-BASED COMPENSATION
	During the three months ended March 31, 2014, the Company granted 1,690,418 restricted OCGH units and 7,164 Class A units to its employees and directors, subject to annual vesting over a weighted average period of approximately 5.1 years. The grant date fair value of all OCGH units awarded in 2014 was determined by applying a 25% discount to the Class A unit trading price on the New York Stock Exchange and the calculation of compensation expense assumed a forfeiture rate, based on expected employee turnover, of up to 1.5% annually.
	As of March 31, 2014, the Company expected to recognize compensation expense on its unvested equity-based awards of $163.1 million over a weighted average recognition period of 5.2 years.
	A summary of the status of the Company’s unvested equity-based awards as of March 31, 2014 and a summary of changes for the three months then ended are presented below (actual dollars per unit):
		Class A Units				OCGH Units
		Number of Units		Weighted Average Grant Date Fair Value		Number of Units		Weighted Average Grant Date Fair Value
	Balance, December 31, 2013	16,582		$	45.34	4,465,722		$	30.3
	Granted	7,164		58.88		1,690,418		44.16
	Vested	(4,412	)	45.16		(1,027,363	)	24.28
	Forfeited	—		—		(2,011	)	27.6
	Balance, March 31, 2014	19,334		$	50.4	5,126,766		$	36.08
	As of March 31, 2014, unvested units were expected to vest as follows:
		Number of		Weighted
		Units		Average
				Remaining
				Service Term
				(Years)
	Class A units	19,334		3.6
	OCGH units	5,126,766		5.2

INCOME_TAXES_AND_RELATED_PAYME

INCOME TAXES AND RELATED PAYMENTS	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
INCOME TAXES AND RELATED PAYMENTS	'
	INCOME TAXES AND RELATED PAYMENTS
	Oaktree is a publicly traded partnership and Oaktree Holdings, Inc. and Oaktree AIF Holdings, Inc., two of its Intermediate Holding Companies, are wholly-owned corporate subsidiaries. Income earned by these corporate subsidiaries is subject to U.S. federal and state income taxation and taxed at prevailing rates. Income earned by non-corporate subsidiaries is not subject to U.S. federal corporate income tax and is allocated to the Oaktree Operating Group's unitholders.  The Company's effective tax rate is dependent on many factors, including the estimated nature of many amounts and the mix of revenues and expenses between the two corporate subsidiaries that are subject to income tax and the three other subsidiaries that are not; consequently, the effective tax rate is subject to significant variation from period to period. The Company's effective tax rate used for interim periods is based on the estimated full-year income tax rate.
	U.S. and non-U.S. taxing authorities are currently examining certain income tax returns of Oaktree, with certain of these examinations at an advanced stage. The Company believes that it is reasonably possible that one outcome of these current examinations, combined with expiring statutes of limitation on other items, may be to reduce in the next 12 months approximately $8 million to $10 million of previously accrued Operating Group income taxes. The Company believes that it has adequately provided for any reasonably foreseeable outcomes related to its tax examinations and that any settlements related thereto will not have a material adverse effect on the Company's financial position or results of operations. However, there can be no assurances as to the ultimate outcomes.
	Tax Receivable Agreement
	The exchange of OCGH units in connection with the March 2014 Offering resulted in increases in the tax basis of the tangible and intangible assets of the Oaktree Operating Group. As a result, the Company recorded a deferred tax asset of $94 million and an associated liability of $80 million for payments to OCGH unitholders under the tax receivable agreement, which together increased capital by $14 million. These payments are expected to occur over the period ending approximately in 2036.
	No amounts were paid under the tax receivable agreement during the three months ended March 31, 2014.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	COMMITMENTS AND CONTINGENCIES
	In the normal course of business, Oaktree enters into contracts that contain certain representations, warranties and indemnifications. The Company’s exposure under these arrangements would involve future claims that have not yet been asserted. Inasmuch as no such claims currently exist or are expected to arise, the Company has not accrued any liability in connection with these indemnifications.
	Legal Actions
	Periodically, the Company is a party to legal actions arising in the ordinary course of business. The Company is currently not subject to any pending actions that either individually or in the aggregate are expected to have a material impact on its results of operations, cash flows or financial condition.
	On June 8, 2011, Kaplan Industry, Inc. v. Oaktree Capital Management, L.P. was filed in the U.S. District Court for the Southern District of Florida. In Kaplan, the plaintiff alleges that Oaktree Capital Management, L.P. tortiously interfered with a business relationship and engaged in a civil conspiracy through the actions of Gulmar Offshore Middle East, LLC (“Gulmar”), a business acquired by subsidiaries of OCM European Principal Opportunities Fund II, L.P. (“EPOF II”). Oaktree Capital Management, L.P. serves as investment manager to EPOF II. The complaint alleges that Gulmar breached a consortium agreement between Gulmar and Kaplan Industry, Inc. relating to the consortium’s performance of services to Petróleos de Venezuela, S.A., the state-owned oil producer of Venezuela. The plaintiff alleges that Oaktree is responsible for these breaches by Gulmar. The complaint seeks damages in excess of $800 million. The substance of the claim relates almost exclusively to actions by Gulmar prior to EPOF II’s acquisition and the basis of the claim is currently subject to an ongoing arbitration in the United Kingdom between Kaplan and Gulmar. On August 18, 2011, the court granted Oaktree Capital Management, L.P.’s motion to stay pending the completion of a related arbitration proceeding in London. Oaktree Capital Management, L.P. believes the case is without merit and that any exposure to loss is remote.
	Incentive Income
	In addition to the incentive income recognized by the Company, certain of its funds have amounts recorded as potentially allocable to the Company as its share of potential future incentive income, based on each fund’s NAV. Inasmuch as this incentive income is contingent upon future investment activity and other factors, it is not recognized by the Company until it is fixed or determinable. As of March 31, 2014 and December 31, 2013, the aggregate of such amounts recorded at the fund level in excess of incentive income recognized by the Company was $2,335,937 and $2,211,979, respectively, for which related direct incentive income compensation expense was estimated to be $1,120,414 and $994,879, respectively.
	Commitments to Funds
	As of March 31, 2014 and December 31, 2013, the Company, generally in the capacity as general partner, had undrawn capital commitments of $335.8 million and $327.3 million, respectively, including commitments to both non-consolidated and consolidated funds.
	Investment Commitments of Consolidated Funds
	The consolidated funds are parties to certain credit agreements, providing for the issuance of letters of credit and revolving loans, which may require the consolidated funds to extend additional loans to investee companies. The consolidated funds use the same investment criteria in making these unrecorded commitments as they do for investments that are included in the condensed consolidated statements of financial condition. The unfunded liability associated with these credit agreements is equal to the amount by which the contractual loan commitment exceeds the sum of the amount of funded debt and cash held in escrow, if any. As of March 31, 2014 and December 31, 2013, the consolidated funds had aggregate potential credit and investment commitments of $1.2 billion and $1.3 billion, respectively. These commitments will be funded by the funds’ cash balances, proceeds from asset sales or drawdowns against existing capital commitments.
	A consolidated fund may agree to guarantee the repayment obligations of certain investee companies. On December 20, 2012, certain consolidated funds (“Funds”) entered into a £200 million revolving credit facility (the “RCF”) pursuant to which certain portfolio companies of the Funds were able to draw under the RCF over a three-year period.  The RCF had an annual commitment fee on unused commitments of 1.0% and an annual interest rate equal to Libor or Euribor, as applicable, plus 2.0%.  The Funds guaranteed the payment and other obligations of the borrowers under the RCF.  As of December 31, 2013, there were $317.0 million of borrowings outstanding under the RCF. On February 25, 2014, the Funds repaid the outstanding balance under the RCF and replaced the RCF, along with an existing €130 million revolving credit facility, with a €550 million revolving credit facility (please see note 6).
	The aggregate amounts guaranteed in addition to those described for the RCF were not material to the condensed consolidated financial statements as of March 31, 2014 and December 31, 2013.
	The majority of the Company’s consolidated funds are investment companies that are required to disclose financial support provided or contractually required to be provided to any of their portfolio companies. Certain consolidated funds within the Distressed Debt, Control Investing and Real Estate strategies provide financial support to portfolio companies in accordance with the investment objectives of the consolidated funds. Distressed Debt funds invest primarily in the securities of entities that are undergoing, are considered likely to undergo, or have undergone reorganizations under applicable bankruptcy law, or other extraordinary transactions such as debt restructurings, reorganizations and liquidations outside of bankruptcy. Control Investing funds seek to obtain control or significant influence primarily in middle-market companies through the purchase of debt at a discount (also known as “distress-for-control”), structured or hybrid investments (such as convertible debt or debt with warrants), or direct equity investments that typically involve situations with an element of distress or dislocation. Real Estate funds focus on distressed opportunities primarily in real estate, real estate debt and restructurings, which typically involve value investments, rescue capital and distress-for-control investments. This financial support may be provided pursuant to contractual agreements, typically in the form of follow-on investments, guarantees or financing commitments. Most of the financial support is provided as an inherent part of the ongoing investment operations of the consolidated funds within these strategies and is considered to be provided at the discretion of the Company in its capacity as general partner and investment manager. For the three months ended March 31, 2014, the consolidated funds provided financial support to portfolio companies totaling $366.4 million and $2.6 billion with respect to support pursuant to contractual agreements and at the discretion of the consolidated funds, respectively. The majority of this financial support consisted of the funds' ongoing purchases of investment securities and companies.

RELATEDPARTY_TRANSACTIONS

RELATED-PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	RELATED-PARTY TRANSACTIONS
	The Company considers its Principals, employees and non-consolidated Oaktree funds to be affiliates (as defined in the FASB ASC Master Glossary). Amounts due from and to affiliates are set forth below. The fair value of amounts due from and to affiliates is a Level III valuation and was valued based on a discounted cash-flow analysis. The carrying value of amounts due from affiliates approximates fair value because their average interest rate, which ranged from 2.0% to 3.0%, approximated the Company's cost of debt. The fair value of amounts due to affiliates was $160,951 and $123,497 as of March 31, 2014 and December 31, 2013, respectively, based on a discount rate of 10.0%.
		As of
		March 31,		December 31,
		2014		2013
	Due from affiliates:
	Loans	$	41,092	$	41,095
	Amounts due from non-consolidated funds	870		1,220
	Payments made on behalf of non-consolidated entities	4,397		3,272
	Non-interest bearing advances made to certain non-controlling interest holders and employees	1,837		2,187
	Total due from affiliates	$	48,196	$	47,774
	Due to affiliates:
	Due to OCGH unitholders in connection with the tax receivable agreement (please see note 11)	$	320,940	$	240,911
	Amounts due to Principals, certain non-controlling interest holders and employees	890		2,075
	Total due to affiliates	$	321,830	$	242,986
	Loans
	Loans primarily consist of interest-bearing advances made to certain non-controlling interest holders, primarily the Company’s employees, to meet tax obligations related to vesting of equity awards. The notes, which are generally recourse to the borrower or secured by vested equity and other collateral, bear interest at the Company’s cost of capital and generated interest income of $568 and $413 for the three months ended March 31, 2014 and 2013, respectively.
	Due From Oaktree Funds and Portfolio Companies
	In the normal course of business, the Company pays certain expenses on behalf of the Oaktree funds, for which it is reimbursed. Amounts advanced on behalf of consolidated funds are eliminated in consolidation. Certain expenses initially paid by the Company, primarily employee travel and other costs associated with particular portfolio company holdings, are reimbursed by the portfolio companies.
	Other Investment Transactions
	The Company’s Principals, directors and senior professionals are permitted to invest their own capital (or the capital of family trusts or other estate planning vehicles they control) in Oaktree funds, for which they pay the particular fund’s full management fee but not its incentive allocation. To facilitate the funding of capital calls by funds in which employees are invested, the Company periodically advances on a short-term basis the capital calls on certain employees' behalf. These advances are generally reimbursed toward the end of the calendar quarter in which the capital calls occurred. Amounts temporarily advanced by the Company are included in non-interest bearing advances made to certain non-controlling interest holders and employees.
	Aircraft Services
	A subsidiary of the Company leases an airplane for business purposes. The Company’s Chairman may use this aircraft for personal travel and, pursuant to a policy adopted by such subsidiary relating to such personal use, the Company is reimbursed by the Company’s Chairman for the costs of using the aircraft for personal travel.  Additionally, the Company occasionally makes use of an airplane owned by one of its Principals for business purposes at a price to the Company that is based on market rates.
	Special Allocations
	Certain Principals receive special allocations based on a percentage of profits of the Oaktree Operating Group. These special allocations, which are recorded as compensation expense, are made on a current basis only for so long as they remain Principals of the Company.
	Transactions with Meyer Memorial Trust
	One of the Company’s directors, Mr. Pierson, is the Chief Financial and Investment Officer of Meyer Memorial Trust. Meyer Memorial Trust invests in certain Oaktree funds on the same terms as the other investors in those funds.

SEGMENT_REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
SEGMENT REPORTING	'
	SEGMENT REPORTING
	The Company’s business is comprised of one segment, the investment management segment. As a global investment manager, the Company provides investment management services through funds and separate accounts. Management makes operating decisions and assesses business performance based on financial and operating metrics and data that are presented without the consolidation of any funds.
	The Company conducts its investment management business primarily in the United States, where substantially all of its revenues are generated.
	Adjusted Net Income
	The Company’s chief operating decision maker uses adjusted net income (“ANI”) as a tool to help evaluate the financial performance of, and make resource allocations and other operating decisions for, the investment management segment. The components of revenues and expenses used in the determination of ANI do not give effect to the consolidation of the funds that the Company manages. In addition, ANI excludes the effect of (a) non-cash equity-based compensation charges related to unit grants made before the Company’s initial public offering, (b) income taxes, (c) expenses that Oaktree Capital Group, LLC or its Intermediate Holding Companies bear directly and (d) the adjustment for the OCGH non-controlling interest. Incentive income and incentive income compensation expense are included in ANI when the underlying fund distributions are known or knowable as of the respective quarter end, which may be later than the time at which the same revenue or expense is included in the GAAP-basis statements of operations, for which the revenue standard is fixed or determinable and the expense standard is probable and reasonably estimable. ANI is calculated at the Operating Group level.
	ANI was as follows:
		Three Months Ended
		March 31,
		2014			2013
	Revenues:
	Management fees	$	188,400		$	184,214
	Incentive income	292,876			327,184
	Investment income	46,480			82,050
	Total revenues	527,756			593,448
	Expenses:
	Compensation and benefits	(98,194		)	(93,617		)
	Equity-based compensation	(3,983		)	(652		)
	Incentive income compensation	(137,828		)	(130,271		)
	General and administrative	(30,562		)	(23,988		)
	Depreciation and amortization	(1,921		)	(1,743		)
	Total expenses	(272,488		)	(250,271		)
	Adjusted net income before interest and other income (expense)	255,268			343,177
	Interest expense, net of interest income (1)	(6,625		)	(7,407		)
	Other income (expense), net	(1,698		)	(20		)
	Adjusted net income	$	246,945		$	335,750
	-1	Interest income was $1.1 million and $0.6 million for the three months ended March 31, 2014 and 2013, respectively.
	A reconciliation of net income attributable to Oaktree Capital Group, LLC to adjusted net income of the investment management segment is presented below.
		Three Months Ended
		March 31,
		2014			2013
	Net income attributable to Oaktree Capital Group, LLC	$	51,794		$	57,566
	Incentive income (1)	64,460			—
	Incentive income compensation (1)	(46,334		)	—
	Equity-based compensation (2)	5,199			5,800
	Income taxes (3)	7,986			10,157
	Non-Operating Group expenses (4)	282			210
	OCGH non-controlling interest (4)	163,558			262,017
	Adjusted net income	$	246,945		$	335,750
	-1	This adjustment adds back the effect of timing differences associated with the recognition of incentive income and incentive income compensation expense between adjusted net income and net income attributable to OCG. There were no adjustments attributable to timing differences for the three months ended March 31, 2013.
	-2	This adjustment adds back the effect of equity-based compensation charges related to unit grants made before the Company’s initial public offering, which is excluded from adjusted net income because it is a non-cash charge that does not affect the Company's financial position.
	-3	Because adjusted net income is a pre-tax measure, this adjustment eliminates the effect of income tax expense from adjusted net income.
	-4	Because adjusted net income is calculated at the Operating Group level, this adjustment adds back the effect of items applicable to OCG, its Intermediate Holding Companies or the OCGH non-controlling interest.
	The following tables reconcile the Company’s segment information to the condensed consolidated financial statements:
		As of or for the Three Months Ended March 31, 2014
		Segment			Adjustments			Consolidated
	Management fees (1)	$	188,400		$	(147,969	)	$	40,431
	Incentive income (1)	292,876			(292,876		)	—
	Investment income (1)	46,480			(41,489		)	4,991
	Total expenses (2)	(272,488		)	14,169			(258,319		)
	Interest expense, net (3)	(6,625		)	(17,375		)	(24,000		)
	Other income, net	(1,698		)	—			(1,698		)
	Other income of consolidated funds (4)	—			1,786,765			1,786,765
	Income taxes	—			(7,986		)	(7,986		)
	Net income attributable to non-controlling redeemable interests in consolidated funds	—			(1,324,832		)	(1,324,832		)
	Net income attributable to OCGH non-controlling interest in consolidated subsidiaries	—			(163,558		)	(163,558		)
	Adjusted net income/net income attributable to Oaktree Capital Group, LLC	$	246,945		$	(195,151	)	$	51,794
	Corporate investments (5)	$	1,393,692		$	(1,214,960	)	$	178,732
	Total assets(6)	$	2,934,327		$	45,494,881		$	48,429,208
	-1	The adjustment represents the elimination of amounts attributable to the consolidated funds.
	-2	The expense adjustment consists of (a) equity-based compensation charges of $5,199 related to unit grants made before the Company’s initial public offering, (b) consolidated fund expenses of $26,684, (c) expenses incurred by the Intermediate Holding Companies of $282 and (d) the effect of timing differences in the recognition of incentive income compensation expense between adjusted net income and net income attributable to OCG of $46,334.
	-3	The interest expense adjustment represents the inclusion of interest expense attributable to non-controlling interests of the consolidated funds and the exclusion of segment interest income.
	-4	The adjustment to other income of consolidated funds primarily represents the inclusion of interest, dividend and other investment income attributable to non-controlling interests of the consolidated funds.
	-5	The adjustment to corporate investments is to remove from segment assets the Company's investments in the consolidated funds, including investments in its CLOs, that are treated as equity- or cost-method investments for segment reporting purposes. Of the $1.4 billion, equity-method investments accounted for $1.2 billion.
-6	The total assets adjustment represents the inclusion of investments and other assets of the consolidated funds, net of segment assets eliminated in consolidation, which are primarily corporate investments in funds and incentive income receivable.
	As of or for the Three Months Ended March 31, 2013
	Segment			Adjustments			Consolidated
Management fees (1)	$	184,214		$	(141,675	)	$	42,539
Incentive income (1)	327,184			(327,184		)	—
Investment income (1)	82,050			(69,807		)	12,243
Total expenses (2)	(250,271		)	(25,234		)	(275,505		)
Interest expense, net (3)	(7,407		)	(4,174		)	(11,581		)
Other income, net	(20		)	—			(20		)
Other income of consolidated funds (4)	—			2,626,029			2,626,029
Income taxes	—			(10,157		)	(10,157		)
Net income attributable to non-controlling redeemable interests in consolidated funds	—			(2,063,965		)	(2,063,965		)
Net income attributable to OCGH non-controlling interest in consolidated subsidiaries	—			(262,017		)	(262,017		)
Adjusted net income/net income attributable to Oaktree Capital Group, LLC	$	335,750		$	(278,184	)	$	57,566
Corporate investments (5)	$	1,117,848		$	(1,022,196	)	$	95,652
Total assets (6)	$	2,500,367		$	42,416,711		$	44,917,078
-1	The adjustment represents the elimination of amounts attributable to the consolidated funds.
-2	The expense adjustment consists of (a) equity-based compensation charges of $5,800 related to unit grants made before the Company’s initial public offering, (b) consolidated fund expenses of $19,224 and (c) expenses incurred by the Intermediate Holding Companies of $210.
-3	The interest expense adjustment represents the inclusion of interest expense attributable to non-controlling interests of the consolidated funds and the exclusion of segment interest income.
-4	The adjustment to other income of consolidated funds primarily represents the inclusion of interest, dividend and other investment income attributable to non-controlling interests of the consolidated funds.
-5	The adjustment to corporate investments is to remove from segment assets the Company's investments in the consolidated funds that are treated as equity-method investments for segment reporting purposes.
-6	The total assets adjustment represents the inclusion of investments and other assets of the consolidated funds, net of segment assets eliminated in consolidation, which are primarily corporate investments in funds and incentive income receivable.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	SUBSEQUENT EVENTS
	On May 1, 2014, the Company declared a distribution of $0.98 per Class A unit. This distribution, which is related to the first quarter of 2014, will be paid on May 15, 2014 to Class A unitholders of record as of the close of business on May 12, 2014.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Consolidation	'
	Consolidation
	The Company consolidates those entities where it has a direct or indirect controlling financial interest based on either a variable interest model or voting interest model. This includes four variable interest entities (“VIEs”) for which the Company is considered the primary beneficiary, and substantially all of Oaktree's closed-end, commingled open-end and evergreen funds for which the Company acts as the sole general partner and is deemed to control through a voting interest model.
Variable Interest Model	'
	Variable Interest Model. The Company consolidates entities determined to be VIEs for which it is considered the primary beneficiary. An entity is determined to be the primary beneficiary if it holds a controlling financial interest. A controlling financial interest is defined as (a) the power to direct the activities of a VIE that most significantly impact the entity's business and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The consolidation rules, which were revised effective January 1, 2010, require an analysis to (a) determine whether an entity in which the Company holds a variable interest is a VIE and (b) whether the Company's involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests (e.g., management and performance-related fees), would give it a controlling financial interest. The consolidation rules may be deferred for a VIE if the VIE and the reporting entity's interest in the VIE meet the deferral conditions set forth in Accounting Standards Codification (“ASC”) 810-10-65-2(aa). If a VIE has qualified for the deferral of the consolidation rules, the analysis is based on consolidation rules prior to January 1, 2010. These rules require an analysis to (a) determine whether an entity in which the Company holds a variable interest is a VIE and (b) whether the Company's involvement through holding interests directly or indirectly in the entity or contractually through other variable interests (e.g., management and performance-related fees) would be expected to absorb a majority of the variability of the entity. Under either guideline, the Company determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a VIE and reconsiders that conclusion at each reporting date. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly by the Company or indirectly through related parties. The consolidation analysis can generally be performed qualitatively; however, if it is not readily apparent that the Company is not the primary beneficiary, a quantitative analysis may also be performed. Investments and redemptions (either by the Company, affiliates of the Company or third parties) or amendments to the governing documents of the respective Oaktree funds could affect an entity's status as a VIE or the determination of the primary beneficiary.
	While the Company holds variable interests in the Oaktree funds, most of these funds do not meet the characteristics of a VIE. As of March 31, 2014, the Company consolidated four VIEs for which it was the primary beneficiary, including Oaktree AIF Holdings, Inc. (“AIF”), which was formed to hold certain assets for regulatory and other purposes and is immaterial to the Company. The three remaining VIEs represented CLOs, two of which had not launched as of March 31, 2014, for which the Company acts as collateral manager. As of March 31, 2014 and December 31, 2013, there were no VIEs for which the Company was not the primary beneficiary. As of December 31, 2013, the Company consolidated two VIEs.
	As of March 31, 2014, the Company consolidated three CLOs with total assets and liabilities of $1.0 billion and $876.0 million, respectively. The assets and liabilities of the CLOs primarily consist of investments in debt securities and loans issued by the CLOs, respectively. The loans issued by each CLO are collateralized by the investments held by the CLO, and assets of one CLO may not be used to satisfy liabilities of another. In exchange for managing the collateral of the CLOs, the Company typically earns management fees and may earn performance fees, all of which are eliminated in consolidation. As of March 31, 2014, the Company had an aggregate $115.6 million of investments in its CLOs, which represented its maximum risk of loss. The Company's investments in the CLOs are generally subordinated to other interests in the CLOs and entitle the Company to receive a pro-rata portion of the residual cash flows, if any, from the CLOs. Investors in the CLOs have no recourse against the Company for any losses sustained in the CLO structure.
	Voting Interest Model. For entities that are not VIEs, the Company evaluates those entities that it controls through a majority voting interest, including those Oaktree funds in which the Company as the sole general partner is presumed to have control (together with the CLOs, the “consolidated funds”). Although as general partner the Company typically has only a small, single-digit equity interest in each fund, the funds' third-party limited partners do not have the right to dissolve the partnerships or have substantive kick-out or participating rights that would overcome the presumption of control by the Company.
	Accordingly, Oaktree's condensed consolidated financial statements reflect the assets, liabilities, investment income, expenses and cash flows of the consolidated funds on a gross basis, and the majority of the economic interests in those funds, which are held by third-party investors, are attributed to non-controlling redeemable interests in consolidated funds in the accompanying condensed consolidated financial statements. All of the management fees and incentive income earned by Oaktree from those funds are eliminated in consolidation. However, because the eliminated amounts are earned from and funded by non-controlling interests, Oaktree's attributable share of the net income from those funds is increased by the amounts eliminated. Thus, the elimination of these amounts in consolidation has no effect on either net income or loss attributable to the Company. All intercompany transactions and balances have been eliminated in consolidation.
	Certain funds for which the Company shares general partner responsibilities or where the Company has no general partner responsibility but has the ability to exert significant influence through other means are accounted for under the equity method of accounting.
Non-controlling Redeemable Interests in Consolidated Funds	'
	Non-controlling Redeemable Interests in Consolidated Funds
	The Company records non-controlling interests to reflect the economic interests of the unaffiliated limited partners. These interests are presented as non-controlling redeemable interests in consolidated funds within the condensed consolidated statements of financial condition, outside of the permanent capital section. Limited partners in open-end and evergreen funds generally have the right to withdraw their capital, subject to the terms of the respective limited partnership agreements, over periods ranging from one month to three years. While limited partners in consolidated closed-end funds generally have not been granted redemption rights, these limited partners do have redemption rights in certain limited circumstances that are beyond the control of the Company, such as instances in which retaining the limited partnership interest could cause the limited partner to violate a law, regulation or rule.
	The allocation of net income or loss to non-controlling redeemable interests in consolidated funds is based on the relative ownership interests of the unaffiliated limited partners after the consideration of contractual arrangements that govern allocations of income or loss. At the consolidated level, potential incentives are allocated to non-controlling redeemable interests in consolidated funds until such incentives become allocable to the Company under the substantive contractual terms of the limited partnership agreements of the funds.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	GAAP establishes a hierarchal disclosure framework that prioritizes the inputs used in measuring financial instruments at fair value into three levels based on their market observability. Market price observability is affected by a number of factors, such as the type of instrument and the characteristics specific to the instrument. Financial instruments with readily available quoted prices from an active market or for which fair value can be measured based on actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment inherent in measuring fair value.
	Financial assets and liabilities measured and reported at fair value are classified as follows:
	•	Level I – Quoted unadjusted prices for identical instruments in active markets to which the Company has access at the date of measurement. The types of investments in Level I include exchange-traded equities, debt and derivatives with quoted prices.
	•	Level II – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are directly or indirectly observable. Level II inputs include interest rates, yield curves, volatilities, prepayment risks, loss severities, credit risks and default rates. The types of investments in Level II generally include corporate bonds and loans, government and agency securities, less liquid and restricted equity investments, over-the-counter traded derivatives, and other investments where the fair value is based on observable inputs.
	•	Level III – Valuations for which one or more significant inputs are unobservable. These inputs reflect the Company's assessment of the assumptions that market participants use to value the investment based on the best available information. Level III inputs include prices of quoted securities in markets for which there are few transactions, less public information exists or prices vary among brokered market makers. The types of investments in Level III include non-publicly traded equity, debt, real estate and derivatives.
	In some instances, an instrument may fall into multiple levels of the fair-value hierarchy. In such instances, the instrument's level within the fair-value hierarchy is based on the lowest of the three levels (with Level III being the lowest) that is significant to the fair-value measurement. The Company's assessment of the significance of an input requires judgment and considers factors specific to the instrument. The Company accounts for the transfer of assets into or out of each fair-value hierarchy level as of the beginning of the reporting period.
	In the absence of observable market prices, the Company values Level III investments using valuation methodologies applied on a consistent basis. The quarterly valuation process for Level III investments begins with each portfolio company, property or security being valued by the investment or valuation teams. The valuations are then reviewed and approved by the valuation team and the valuation committee of each investment strategy, which consists of senior members of the investment team. All Level III investment values are ultimately approved by the valuation committees and designated investment professionals, as well as the valuation officer, who is independent of the investment teams and reports directly to the Company's Managing Principal. For certain investments, the valuation process also includes a review by independent valuation parties, at least annually, to determine whether the fair values determined by management are reasonable. Results of the valuation process are evaluated each quarter, including an assessment of whether the underlying calculations should be adjusted or recalibrated. In connection with this process, the Company evaluates changes in fair-value measurements from period to period for reasonableness, considering items such as industry trends, general economic and market conditions, and factors specific to the investment.
	Certain Level III assets are valued using prices obtained from brokers or pricing vendors. The Company obtains an average of one to two broker quotes. The Company seeks to obtain at least one quote directly from a broker making a market for the asset and one price from a pricing vendor for the subject or similar securities. These investments are classified as Level III because the quoted prices may be indicative in nature for securities that are in an inactive market, may be for similar securities, or may require adjustment for investment-specific factors or restrictions. Generally, the Company does not adjust any of the prices received from these sources, and all prices are reviewed by the Company. The Company evaluates the prices obtained from brokers or pricing vendors based on available market information, including trading activity of the subject or similar securities, or by performing a comparable security analysis to ensure that fair values are reasonably estimated. The Company also performs back-testing of valuation information obtained from brokers and pricing vendors against actual prices received in transactions. In addition to on-going monitoring and back-testing, the Company performs due diligence procedures over pricing vendors to understand their methodology and controls to support their use in the valuation process.
	Fair Value Option
	The Company has elected the fair value option for certain corporate investments that otherwise would not have reflected unrealized gains and losses in current-period earnings. Such election is irrevocable and is applied on an investment-by-investment basis at initial recognition. Unrealized gains and losses resulting from changes in fair value are reflected as a component of investment income in the condensed consolidated statements of operations. Accounting for these investments at fair value is consistent with how the Company accounts for its investments held by the consolidated funds. The valuation methods used to measure the fair value of such investments are consistent with the valuation methodologies applied to investments held by the consolidated funds.
	In addition, the Company has elected the fair value option for the assets of its CLOs. Assets of the CLOs are included in investments, at fair value and liabilities are reflected in collateralized loan obligation loans payable on the condensed consolidated statements of financial condition. Accounting for the investments held by the CLOs at fair value is consistent with how the Company accounts for investments held by other consolidated funds. The valuation methods used to measure the fair value of such investments are consistent with the valuation methodologies applied to investments held by other consolidated funds. Realized gains or losses and changes in the fair value of consolidated CLO assets are included in net realized gain on consolidated funds' investments and net change in unrealized appreciation on consolidated funds' investments, respectively, in the condensed consolidated statements of operations. Interest income of the CLOs is included in interest and dividend income, while interest expense and other expenses of the CLOs are included in interest expense and consolidated fund expenses, respectively, in the condensed consolidated statements of operations.
Investments, at Fair Value	'
	Investments, at Fair Value
	The consolidated funds are primarily investment limited partnerships that reflect their investments, including majority-owned and controlled investments, at fair value. The Company has retained the specialized investment company accounting guidance under GAAP for the consolidated funds with respect to consolidated investments. Thus, the consolidated investments are reflected on the condensed consolidated statements of financial condition at fair value, with unrealized gains and losses resulting from changes in fair value reflected as a component of net change in unrealized appreciation on consolidated funds' investments in the condensed consolidated statements of operations. Fair value is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price).
	Non-publicly traded debt and equity securities and other securities or instruments for which reliable market quotations are not available are valued by management using valuation methodologies applied on a consistent basis. These securities may initially be valued at the acquisition price as the best indicator of fair value. The Company reviews the significant unobservable inputs, valuations of comparable investments and other similar transactions for investments valued at acquisition price to determine whether another valuation methodology should be utilized. Subsequent valuations will depend on the facts and circumstances known as of the valuation date and the application of valuation methodologies further described below under “—Non-publicly Traded Equity and Real Estate Investments.” The fair value may also be based on a pending transaction expected to close after the valuation date.
	Exchange-traded Investments
	Securities listed on one or more national securities exchanges are valued at their last reported sales price on the date of valuation. If no sale occurred on the valuation date, the security is valued at the mean of the last “bid” and “ask” prices on the valuation date. Securities that are not readily marketable due to legal restrictions that may limit or restrict transferability are generally valued at a discount from quoted market prices. The discount would reflect the amount market participants would require due to the risk relating to the inability to access a public market for the security for the specified period and would vary depending on the nature and duration of the restriction and the perceived risk and volatility of the underlying securities. Securities with longer duration restrictions or higher volatility are generally valued at a higher discount. Such discounts are generally estimated based on put option models or analysis of market studies. Instances where the Company has applied discounts to quoted prices of restricted listed securities have been infrequent. The impact of such discounts is not material to the Company's condensed consolidated statements of financial condition and results of operations for all periods presented.
	Credit-oriented Investments (including Real Estate Loan Portfolios)
	Investments in corporate and government debt which are not listed or admitted to trading on any securities exchange are valued at the mean of the last bid and ask prices on the valuation date based on quotations supplied by recognized quotation services or by reputable broker-dealers.
	The market-yield approach is considered in the valuation of non-publicly traded debt securities, utilizing expected future cash flows and discounted using estimated current market rates. Discounted cash-flow calculations may be adjusted to reflect current market conditions and/or the perceived credit risk of the borrower. Consideration is also given to a borrower's ability to meet principal and interest obligations; this may include an evaluation of collateral and/or the underlying value of the borrower utilizing techniques described below under “—Non-publicly Traded Equity and Real Estate Investments.”
	Non-publicly Traded Equity and Real Estate Investments
	The fair value of equity and real estate investments is determined using a cost, market or income approach. The cost approach is based on the current cost of reproducing a real estate investment less deterioration and functional and economic obsolescence. The market approach utilizes valuations of comparable public companies and transactions, and generally seeks to establish the enterprise value of the portfolio company or investment property using a market-multiple methodology. This approach takes into account the financial measure (such as EBITDA, adjusted EBITDA, free cash flow, net operating income, net income, book value or net asset value) believed to be most relevant for the given company or investment property. Consideration may also be given to factors such as acquisition price of the security or investment property, historical and projected operational and financial results for the portfolio company, the strengths and weaknesses of the portfolio company or investment property relative to its comparable companies or properties, industry trends, general economic and market conditions, and others deemed relevant. The income approach is typically a discounted cash-flow method that incorporates expected timing and level of cash flows. It incorporates assumptions in determining growth rates, income and expense projections, discount and capitalization rates, capital structure, terminal values, and other factors. The applicability and weight assigned to market and income approaches are determined based on the availability of reliable projections and comparable companies and transactions.
	The valuation of securities may be impacted by expectations of investors' receptiveness to a public offering of the securities, the size of the holding of the securities and any associated control, information with respect to transactions or offers for the securities (including the transaction pursuant to which the investment was made and the period of time elapsed from the date of the investment to the valuation date), and applicable restrictions on the transferability of the securities.
	These valuation methodologies involve a significant degree of management judgment. Accordingly, valuations by the Company do not necessarily represent the amounts that may eventually be realized from sales or other dispositions of investments. Fair values may differ from the values that would have been used had a ready market for the investment existed, and the differences could be material to the condensed consolidated financial statements.
Recent Accounting Developments	'
	Recent Accounting Developments
	In June 2013, the Financial Accounting Standards Board (“FASB”) issued guidance that amended the criteria by which an entity qualifies as an investment company for accounting purposes. The guidance also clarified the characteristics of an investment company and provided measurement and disclosure requirements for an investment company. The Company adopted this guidance in the first quarter of 2014, which resulted in additional disclosures (please see note 12), but did not have a material impact on its condensed consolidated financial statements.

INVESTMENTS_AT_FAIR_VALUE_Tabl

INVESTMENTS, AT FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2014
Investments [Abstract]	'
Investments, at Fair Value	'
	Investments held and securities sold short by the consolidated funds are summarized below:
		Fair Value as of						Fair Value as a Percentage of Investments of Consolidated Funds as of
	Investments:	March 31,			December 31,			March 31,			December 31,
		2014			2013			2014			2013
	United States:
	Fixed income securities:
	Consumer discretionary	$	2,790,284		$	3,017,755		6.5	%		7.6	%
	Consumer staples	570,952			801,959			1.3			2
	Energy	684,839			650,336			1.6			1.6
	Financials	478,739			554,115			1.1			1.4
	Health care	849,138			600,570			2			1.5
	Industrials	1,947,941			1,768,600			4.6			4.4
	Information technology	1,119,772			1,130,614			2.6			2.8
	Materials	1,149,059			1,094,476			2.7			2.7
	Telecommunication services	319,044			289,046			0.8			0.7
	Utilities	2,328,326			2,182,098			5.5			5.6
	Total fixed income securities (cost: $12,228,907 and $12,008,435 as of March 31, 2014 and December 31, 2013, respectively)	12,238,094			12,089,569			28.7			30.3
	Equity securities:
	Consumer discretionary	3,097,080			3,164,000			7.3			7.9
	Consumer staples	559,012			482,521			1.3			1.2
	Energy	621,780			570,839			1.5			1.4
	Financials	7,151,016			6,474,365			16.8			16.3
	Health care	346,115			310,582			0.8			0.8
	Industrials	2,965,141			1,840,900			7			4.6
	Information technology	252,151			227,608			0.6			0.6
	Materials	926,008			923,933			2.2			2.3
	Telecommunication services	46,408			51,881			0.1			0.1
	Utilities	222,846			193,984			0.5			0.5
	Total equity securities (cost: $12,202,295 and $11,104,484 as of March 31, 2014 and December 31, 2013, respectively)	16,187,557			14,240,613			38.1			35.7
		Fair Value as of						Fair Value as a Percentage of Investments of Consolidated Funds as of
	Investments:	March 31,			December 31,			March 31,			December 31,
		2014			2013			2014			2013
	Europe:
	Fixed income securities:
	Consumer discretionary	$	1,315,531		$	1,519,530		3.1	%		3.8	%
	Consumer staples	157,755			159,489			0.4			0.4
	Energy	345,572			295,942			0.8			0.7
	Financials	574,178			612,123			1.4			1.5
	Health care	78,646			39,189			0.2			0.1
	Industrials	351,636			378,797			0.8			1
	Information technology	31,216			22,216			0.1			0.1
	Materials	650,492			663,984			1.5			1.7
	Telecommunication services	150,745			175,231			0.4			0.4
	Utilities	14,422			18,581			0			0
	Total fixed income securities (cost: $3,414,059 and $3,349,740 as of March 31, 2014 and December 31, 2013, respectively)	3,670,193			3,885,082			8.7			9.7
	Equity securities:
	Consumer discretionary	324,219			198,045			0.8			0.5
	Consumer staples	421,003			385,595			1			1
	Energy	140,976			129,207			0.3			0.3
	Financials	3,442,951			2,763,198			8			6.9
	Health care	13,092			13,084			0			0
	Industrials	1,140,867			784,524			2.7			2
	Information technology	—			1,341			—			0
	Materials	304,886			249,732			0.7			0.6
	Telecommunication services	—			1,382			—			0
	Total equity securities (cost: $5,083,771 and $4,111,171 as of March 31, 2014 and December 31, 2013, respectively)	5,787,994			4,526,108			13.5			11.3
	Asia and other:
	Fixed income securities:
	Consumer discretionary	121,197			93,087			0.3			0.2
	Consumer staples	67,452			25,424			0.2			0.1
	Energy	55,863			74,167			0.1			0.2
	Financials	190,506			159,369			0.4			0.4
	Health care	34,748			31,057			0.1			0.1
Industrials	820,314			1,247,793			1.9			3.1
Information technology	23,882			21,842			0.1			0.1
Materials	113,321			84,107			0.3			0.2
Telecommunication services	1,608			1,884			0			0
Utilities	8,262			6,808			0			0
Total fixed income securities (cost: $1,329,587 and $1,639,694 as of March 31, 2014 and December 31, 2013, respectively)	1,437,153			1,745,538			3.4			4.4
	Fair Value as of						Fair Value as a Percentage of Investments of Consolidated Funds as of
Investments:	March 31,			December 31,			March 31,			December 31,
	2014			2013			2014			2013
Asia and other:
Equity securities:
Consumer discretionary	$	599,159		$	422,731		1.4	%		1.1	%
Consumer staples	67,223			42,937			0.2			0.1
Energy	227,935			267,494			0.5			0.7
Financials	1,177,443			1,211,033			2.8			3
Health care	29,696			8,124			0.1			0
Industrials	620,416			1,136,934			1.5			2.9
Information technology	222,057			130,714			0.5			0.3
Materials	80,734			63,395			0.2			0.2
Telecommunication services	18,397			17,719			0			0
Utilities	163,113			123,897			0.4			0.3
Total equity securities (cost: $2,516,567 and $2,734,160 as of March 31, 2014 and December 31, 2013, respectively)	3,206,173			3,424,978			7.6			8.6
Total fixed income securities	17,345,440			17,720,189			40.8			44.4
Total equity securities	25,181,724			22,191,699			59.2			55.6
Total investments, at fair value	$	42,527,164		$	39,911,888		100	%		100	%
Securities Sold Short:
Securities sold short – equities (proceeds: $103,344 and $137,092 as of March 31, 2014 and December 31, 2013, respectively)	$	(99,509	)	$	(140,251	)
Net Gains (Losses) from Investment Activities of Consolidated Funds	'
	The following table summarizes net gains (losses) from investment activities:
		Three Months Ended March 31,
		2014						2013
		Net Realized Gain (Loss) on Investments			Net Change in Unrealized Appreciation (Depreciation) on Investments			Net Realized Gain (Loss) on Investments				Net Change in Unrealized Appreciation (Depreciation) on Investments
	Investments and other financial instruments	$	718,123		$	775,322		$	1,237,119			$	855,550
	Foreign currency forward contracts (1)	(56,976		)	(168		)	(35,989		)		147,889
	Total-return, credit-default and interest-rate swaps (1)	(102		)	7,419			2,327				12,992
	Options and futures (1)	(6,894		)	(10,057		)	(5,197		)		5,086
	Swaptions	—			(2,038		)	—				—
	Total	$	654,151		$	770,478		$	1,198,260			$	1,021,517
	-1	Please see note 5 for additional information.

FAIR_VALUE_Tables

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, by Balance Sheet Grouping	'
	The fair value of financial instruments by fair-value hierarchy level is set forth below:
		As of March 31, 2014																As of December 31, 2013
		Level I				Level II				Level III				Total				Level I				Level II				Level III				Total
	Assets
	Cash and cash-equivalents (1)	$	563,292			$	—			$	—			$	563,292			$	390,721			$	—			$	—			$	390,721
	U.S. Treasury and government-agency securities (1)	360,559				—				—				360,559				676,600				—				—				676,600
	Forward contracts (2)	—				3,506				—				3,506				—				7,893				—				7,893
	Total-return swap (2)	—				—				—				—				—				4,515				—				4,515
	Total assets	$	923,851			$	3,506			$	—			$	927,357			$	1,067,321			$	12,408			$	—			$	1,079,729
	Liabilities
	Forward contracts (3)	$	—			$	(4,790	)		$	—			$	(4,790	)		$	—			$	(6,141	)		$	—			$	(6,141	)
	Interest-rate swaps (3)	—				(4,781		)		—				(4,781		)		—				(4,171		)		—				(4,171		)
	Total liabilities	$	—			$	(9,571	)		$	—			$	(9,571	)		$	—			$	(10,312	)		$	—			$	(10,312	)
	-1	The carrying value approximates fair value due to the short-term nature.
	-2	Amounts are included in other assets in the condensed consolidated statements of financial condition.
	-3	Amounts are included in accounts payable, accrued expenses and other liabilities in the condensed consolidated statements of financial condition.
Valuation of Investments and Other Financial Instruments	'
	The table below summarizes the valuation of investments and other financial instruments of the consolidated funds by fair-value hierarchy levels:
		As of March 31, 2014																As of December 31, 2013
		Level I				Level II				Level III				Total				Level I				Level II				Level III				Total
	Assets
	Cash and cash-equivalents (1)	$	2,421,676			$	—			$	—			$	2,421,676			$	2,246,944			$	—			$	—			$	2,246,944
	Investments:
	Corporate debt – bank debt	—				7,668,325				2,584,354				10,252,679				—				7,352,129				2,809,437				10,161,566
	Corporate debt – all other	1,224				5,024,193				2,067,344				7,092,761				798				5,125,646				2,432,179				7,558,623
	Equities – common stock	6,378,075				475,554				7,613,726				14,467,355				4,804,068				1,109,270				6,700,015				12,613,353
	Equities – preferred stock	3,607				10,018				1,145,630				1,159,255				4,101				8,483				919,771				932,355
	Real estate	—				148,767				6,976,625				7,125,392				—				37,184				6,221,294				6,258,478
	Real estate loan portfolios	—				—				2,413,412				2,413,412				—				—				2,369,441				2,369,441
	Other	1,629				—				14,681				16,310				2,656				1,708				13,708				18,072
	Total investments	6,384,535				13,326,857				22,815,772				42,527,164				4,811,623				13,634,420				21,465,845				39,911,888
	Derivatives:
	Forward contracts	—				16,163				—				16,163				—				51,765				—				51,765
	Swaps	—				30,015				—				30,015				—				18,318				—				18,318
	Options and futures	63				36,006				—				36,069				101				18,037				—				18,138
	Swaptions	—				4,641				—				4,641				—				6,716				—				6,716
	Total derivatives	63				86,825				—				86,888				101				94,836				—				94,937
	Total assets	$	8,806,274			$	13,413,682			$	22,815,772			$	45,035,728			$	7,058,668			$	13,729,256			$	21,465,845			$	42,253,769
	Liabilities
	Securities sold short – equities	$	(99,509	)		$	—			$	—			$	(99,509	)		$	(140,251	)		$	—			$	—			$	(140,251	)
	Derivatives:
	Forward contracts	—				(98,580		)		—				(98,580		)		—				(135,246		)		—				(135,246		)
	Swaps	—				(6,763		)		(2,902		)		(9,665		)		—				(7,096		)		—				(7,096		)
	Options and futures	(1,794		)		(14,395		)		—				(16,189		)		(5,030		)		(1,184		)		—				(6,214		)
	Swaptions	—				(1,285		)		—				(1,285		)		—				(1,324		)		—				(1,324		)
	Total derivatives	(1,794		)		(121,023		)		(2,902		)		(125,719		)		(5,030		)		(144,850		)		—				(149,880		)
	Total liabilities	$	(101,303	)		$	(121,023	)		$	(2,902	)		$	(225,228	)		$	(145,281	)		$	(144,850	)		$	—			$	(290,131	)
	-1	The carrying value approximates fair value due to the short-term nature.
Summary of Changes in Fair Value of Level III Investments	'
	The following tables set forth a summary of changes in the fair value of the Level III investments:
			Corporate Debt – Bank Debt				Corporate Debt – All Other				Equities – Common Stock				Equities – Preferred Stock				Real Estate				Real Estate Loan Portfolios				Swaps				Other			Total
	Three Months Ended
	March 31, 2014:
	Beginning balance		$	2,809,437			$	2,432,179			$	6,700,015			$	919,771			$	6,221,294			$	2,369,441			$	—			$	13,708		$	21,465,845
	Transfers into Level III		721,444				150				424,682				—				1,762				—				—				—			1,148,038
	Transfers out of Level III		(972,015		)		(6,366		)		(340,071		)		(3,849		)		(90,896		)		—				—				—			(1,413,197		)
	Purchases		254,943				123,984				800,128				144,517				800,795				236,684				—				1,000			2,362,051
	Sales		(274,745		)		(536,993		)		(273,583		)		(41,380		)		(302,335		)		(285,339		)		—				—			(1,714,375		)
	Realized gains (losses), net		44,144				115,502				59,376				(28		)		52,203				26,860				—				—			298,057
	Unrealized appreciation (depreciation), net		1,146				(61,112		)		243,179				126,599				293,802				65,766				(2,902		)		(27		)	666,451
	Ending balance		$	2,584,354			$	2,067,344			$	7,613,726			$	1,145,630			$	6,976,625			$	2,413,412			$	(2,902	)		$	14,681		$	22,812,870
	Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period		$	(24,732	)		$	48,955			$	354,211			$	141,096			$	298,175			$	71,975			$	2,084			$	5		$	891,769
	Three Months Ended
	March 31, 2013:
	Beginning balance		$	2,253,476			$	3,159,051			$	8,101,051			$	650,096			$	3,946,142			$	1,737,822			$	44,705			$	15,547		$	19,907,890
	Transfers into Level III		49,731				6,131				528,314				125,470				—				—				—				—			709,646
	Transfers out of Level III		(193,810		)		(97,875		)		(398,778		)		—				—				—				—				—			(690,463		)
	Purchases		134,839				33,584				51,039				29,300				307,269				224,425				—				—			780,456
	Sales		(183,236		)		(198,596		)		(1,127,763		)		(178,320		)		(26,834		)		(283,182		)		—				—			(1,997,931		)
	Realized gains (losses), net		(17,014		)		23,255				426,537				29,034				(9,325		)		7,074				—				—			459,561
	Unrealized appreciation (depreciation), net		23,452				(12,712		)		(332,554		)		(7,748		)		281,674				44,245				9,969				(57		)	6,269
	Ending balance		$	2,067,438			$	2,912,838			$	7,247,846			$	647,832			$	4,498,926			$	1,730,384			$	54,674			$	15,490		$	19,175,428
	Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period		$	33,359			$	27,735			$	145,621			$	32,491			$	279,223			$	44,245			$	9,970			$	(58	)	$	572,586
Summary of Valuation Techniques and Quantitative Information	'
	The following table sets forth a summary of the valuation technique and quantitative information utilized in determining the fair value of the consolidated funds' Level III investments as of March 31, 2014:
	Investment Type		Fair Value				Valuation Technique		Significant Unobservable Inputs (9)(10)(11)		Range		Weighted Average (12)
	Credit-oriented investments:
	Consumer		$	69,643			Discounted cash flow (1)		Discount rate		10% – 15%		11%
	discretionary:
			611,631				Market approach		Earnings multiple (3)		4x – 8x		6x
							(comparable companies) (2)
			217,385				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
			221,933				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
									(discount not applicable)
	Financials:		10,765				Discounted cash flow (1)		Discount rate		14% – 16%		15%
			221,170				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
			559,229				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
									(discount not applicable)
	Industrials:		233,578				Discounted cash flow (1)		Discount rate		12% – 19%		14%
			346,492				Discounted cash flow (1) /		Discount rate / Market transactions		10% – 20%		14%
							Sales approach (8)
			56,665				Market approach		Earnings multiple (3)		5x – 6x		6x
							(comparable companies) (2)
			82,555				Market approach		Underlying asset multiple		0.9x – 1.1x		1x
							(value of underlying assets) (2)(4)
			260,803				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
			210,707				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
									(discount not applicable)
	Materials:		102,511				Discounted cash flow (1)		Discount rate		11% – 14%		13%
			442,411				Market approach		Earnings multiple (3)		6x – 7x		7x
							(comparable companies) (2)
			13,303				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
	Other:		446,518				Discounted cash flow (1)		Discount rate		9% – 14%		12%
			374,787				Market approach		Earnings multiple (3)		6x – 11x		8x
							(comparable companies) (2)
			29,426				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
			137,284				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
									(discount not applicable)
	Equity investments:
	Consumer		57,560				Discounted cash flow (1)		Discount rate		10% – 12%		11%
	discretionary:
			622,920				Market approach		Earnings multiple (3)		4x – 11x		8x
							(comparable companies) (2)
			2,940				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
			167,262				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
									(discount not applicable)
	Investment Type		Fair Value				Valuation Technique		Significant Unobservable Inputs (9)(10)(11)		Range		Weighted Average (12)
	Financials:		$	94,481			Discounted cash flow (1)		Discount rate		11% – 13%		12%
			489,920				Market approach		Underlying asset multiple		1x – 1.4x		1.2x
							(value of underlying assets) (2)(4)
			272,389				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
	Industrials:		24,938				Discounted cash flow (1)		Discount rate		15% – 17%		16%
			1,668,252				Market approach		Earnings multiple (3)		4x – 14x		8x
							(comparable companies) (2)
			1,493,256				Market approach		Underlying asset multiple		1x – 1.3x		1x
							(value of underlying assets) (2)(4)
			873,360				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
			229,158				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
									(discount not applicable)
	Materials:		1,101,844				Market approach		Earnings multiple (3)		6x – 8x		7x
							(comparable companies) (2)
			124,651				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
									(discount not applicable)
			32,483				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
	Other:		63,222				Discounted cash flow (1)		Discount rate		10% – 12%		11%
			1,178,207				Market approach		Earnings multiple (3)		4x – 11x		9x
							(comparable companies) (2)
		83,889				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		247				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
		178,377				Other		Not applicable		Not applicable		Not applicable
Real estate-oriented
investments:
		2,304,595				Discounted cash flow (1)(7)		Discount rate		8% – 36%		14%
								Terminal capitalization rate		6% – 11%		8%
								Direct capitalization rate		7% – 8%		8%
								Net operating income growth rate		1% – 17%		6%
								Absorption rate		16% – 44%		31%
		1,348,855				Market approach		Earnings multiple (3)		6x – 12x		12x
						(comparable companies) (2)
		483,110				Market approach		Underlying asset multiple		1.2x – 1.4x		1.3x
						(value of underlying assets) (2)(4)
		1,049,702				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		694,305				Sales approach (8)		Market transactions		Not applicable		Not applicable
		1,096,058				Recent market information (6)		Quoted prices / discount		0% – 6%		5%
Real estate loan
portfolios:
		734,587				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		1,678,825				Discounted cash flow (1)(7)		Discount rate		10% – 23%		15%
Other		14,681
Total Level III		$	22,812,870
investments
The following table sets forth a summary of the valuation technique and quantitative information utilized in determining the fair value of the Company's Level III investments as of December 31, 2013:
Investment Type		Fair Value				Valuation Technique		Significant Unobservable Inputs (9)(10)(11)		Range		Weighted Average (12)
Credit-oriented investments:
Consumer		$	40,998			Discounted cash flow (1)		Discount rate		13% – 15%		14%
discretionary:
		571,865				Market approach		Earnings multiple (3)		4x – 11x		5x
						(comparable companies) (2)
		321,619				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		139,002				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Industrials:		328,712				Discounted cash flow (1)		Discount rate		12% – 17%		14%
		335,270				Discounted cash flow (1) /		Discount rate / Market transactions		11% – 20%		14%
						Sales approach (8)
		59,349				Market approach		Earnings multiple (3)		4x – 6x		6x
						(comparable companies) (2)
		77,550				Market approach		Underlying asset multiple		0.9x – 1.1x		1x
						(value of underlying assets) (2)(4)
		208,436				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		840,871				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Materials:		67,280				Discounted cash flow (1)		Discount rate		13% – 14%		13%
		437,522				Market approach		Earnings multiple (3)		6x – 7x		6x
						(comparable companies) (2)
		79,020				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
Other:		704,430				Discounted cash flow (1)		Discount rate		8% – 15%		11%
		337,406				Market approach		Earnings multiple (3)		6x – 7x		7x
						(comparable companies) (2)
		291,925				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		400,361				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Equity investments:
Consumer		57,560				Discounted cash flow (1)		Discount rate		12% – 14%		13%
discretionary:
		504,550				Market approach		Earnings multiple (3)		4x – 11x		9x
						(comparable companies) (2)
		97,834				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		140,705				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
Financials:		344,636				Market approach		Earnings multiple (3)		12x – 14x		13x
						(comparable companies) (2)
		407,823				Market approach		Underlying asset multiple		1x – 1.2x		1.1x
						(value of underlying assets) (2)(4)
		185,140				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
Industrials:		1,511,811				Market approach		Earnings multiple (3)		4x – 12x		8x
						(comparable companies) (2)
		1,064,686				Market approach		Underlying asset multiple		1x – 1.4x		1.1x
						(value of underlying assets) (2)(4)
		745,519				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
Investment Type		Fair Value				Valuation Technique		Significant Unobservable Inputs (9)(10)(11)		Range		Weighted Average (12)
Materials:		$	1,014,930			Market approach		Earnings multiple (3)		6x – 8x		7x
						(comparable companies) (2)
		1,604				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
		56,064				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
Other:		60,451				Discounted cash flow (1)		Discount rate		10% – 12%		11%
		1,052,158				Market approach		Earnings multiple (3)		5x – 11x		9x
						(comparable companies) (2)
		21,790				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		107,361				Recent market information (6)		Quoted prices / discount		Not applicable		Not applicable
								(discount not applicable)
		245,164				Other		Not applicable		Not applicable		Not applicable
Real estate-oriented
investments:
		1,997,927				Discounted cash flow (1)(7)		Discount rate		8% – 36%		14%
								Terminal capitalization rate		6% – 15%		8%
								Direct capitalization rate		7% – 8%		8%
								Net operating income growth rate		1% – 30%		9%
								Absorption rate		16% – 44%		32%
		1,230,234				Market approach		Earnings multiple (3)		6x – 12x		12x
						(comparable companies) (2)
		427,452				Market approach		Underlying asset multiple		1.3x – 1.5x		1.4x
						(value of underlying assets) (2)(4)
		710,888				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		684,802				Sales approach (8)		Market transactions		Not applicable		Not applicable
		1,169,991				Recent market information (6)		Quoted prices / discount		0% – 6%		5%
Real estate loan
portfolios:
		593,986				Recent transaction price (5)		Not applicable		Not applicable		Not applicable
		1,775,455				Discounted cash flow (1)(7)		Discount rate		10% – 24%		15%
Other		13,708
Total Level III		$	21,465,845
investments
-1	A discounted cash-flow method is generally used to value performing credit-oriented investments in which the consolidated funds do not have a controlling interest in the underlying issuer, as well as certain equity investments, real estate-oriented investments and real estate loan portfolios.
-2	A market approach is generally used to value distressed investments and investments in which the consolidated funds have a controlling interest in the underlying issuer.
-3	Earnings multiples are based on comparable public companies and transactions with comparable companies. The Company typically utilizes multiples of EBITDA; however, in certain cases the Company may use other earnings multiples believed to be most relevant to the investment. The Company typically applies the multiple to trailing-twelve months' EBITDA. However, in certain cases other earnings measures, such as pro forma EBITDA, may be utilized if deemed to be more relevant.
-4	A market approach using the value of underlying assets utilizes a multiple, based on comparable companies, of underlying assets or the net book value of the portfolio company. The Company typically obtains the value of underlying assets from the underlying portfolio company's financial statements or from pricing vendors. The Company may value the underlying assets by using prices and other relevant information from market transactions involving comparable assets.
-5	Certain investments are valued based on recent transactions, generally defined as investments purchased or sold within six months of the valuation date. The fair value may also be based on a pending transaction expected to close after the valuation date.
-6	Certain investments are valued using quoted prices for the subject or similar securities.  Generally, investments valued in this manner are classified as Level III because the quoted prices may be indicative in nature for securities that are in an inactive market, may be for similar securities, or may require adjustment for investment-specific factors or restrictions.
-7	The discounted cash flow model for certain real estate-oriented investments and certain real estate loan portfolios contains a sell-out analysis. In these cases, the discounted cash flow is based on the expected timing and prices of sales of the underlying properties. The Company's determination of the sales prices of these properties typically includes consideration of prices and other relevant information from market transactions involving comparable properties.
-8	The sales approach uses prices and other relevant information generated by market transactions involving comparable assets. The significant unobservable inputs used in the sales approach generally include adjustments to transactions involving comparable assets or properties, adjustments to external or internal appraised values, and the Company's assumptions regarding market trends or other relevant factors.
-9	The discount rate is the significant unobservable input used in the fair-value measurement of performing credit-oriented investments in which the consolidated funds do not have a controlling interest in the underlying issuer, as well as certain equity investments and real estate loan portfolios. An increase (decrease) in the discount rate would result in a lower (higher) fair-value measurement.
-10	Multiple of either earnings or underlying assets is the significant unobservable input used in the market approach for the fair-value measurement of distressed credit-oriented investments, credit-oriented investments in which the consolidated funds have a controlling interest in the underlying issuer, equity investments and certain real estate-oriented investments. An increase (decrease) in the multiple would result in a higher (lower) fair-value measurement.
-11	The significant unobservable inputs used in the fair-value measurement of real estate investments utilizing a discounted cash flow analysis can include one or more of the following: discount rate, terminal capitalization rate, direct capitalization rate, net operating income growth rate or absorption rate. An increase (decrease) in a discount rate, terminal capitalization rate or direct capitalization rate would result in a lower (higher) fair-value measurement. An increase (decrease) in a net operating income growth rate or absorption rate would result in a higher (lower) fair-value measurement. Generally, a change in a net operating income growth rate or absorption rate would be accompanied by a directionally similar change in the discount rate.
-12	The weighted average is based on the fair value of the investments included in the range.

HEDGES_AND_OTHER_DERIVATIVE_IN1

HEDGES AND OTHER DERIVATIVE INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Summary of Net Forward Currency Sell Contracts Under Freestanding Derivatives	'
	The fair value of forward currency sell contracts consisted of the following:
	As of March 31, 2014:	Contract			Contract				Market				Net Unrealized
		Amount in			Amount in				Value in				Appreciation
		Local Currency			U.S. Dollars				U.S. Dollars				(Depreciation)
	Euro, expiring 4/8/14-1/8/15	149,055			$	201,266			$	205,319			$	(4,053	)
	USD (buy GBP), expiring 4/8/14-1/30/15	53,498			53,498				51,907				1,591
	GBP, expiring 4/30/14	3,000			4,643				5,001				(358		)
	Japanese Yen, expiring 4/30/14-1/30/15	5,745,650			57,267				55,731				1,536
	Total				$	316,674			$	317,958			$	(1,284	)
	As of December 31, 2013:
	Euro, expiring 1/8/14-10/31/14	115,685			$	153,959			$	159,485			$	(5,526	)
	USD (buy GBP), expiring 1/8/14-9/30/14	54,361			54,361				50,286				4,075
	GBP, expiring 4/30/14	3,000			4,643				4,966				(323		)
	Japanese Yen, expiring 1/31/14-1/30/15	6,261,700			63,107				59,581				3,526
	Total				$	276,070			$	274,318			$	1,752
Schedule of Fair Values of Total Return Swaps	'
	The fair value of the TRS contract as of December 31, 2013, which is included in other assets in the condensed consolidated statements of financial condition, consisted of the following:
	As of December 31, 2013	Notional				Fair Value
	Total-return swap	$	189,089			$	4,515
Summary of Impact of Freestanding Derivative Instruments on Condensed Consolidated Statement of Operations	'
	ealized and unrealized gains and losses arising from freestanding derivative instruments were recorded on the condensed consolidated statements of operations as follows:
		For the Three Months
		Ended March 31,
	Foreign Currency Forward Contracts:	2014				2013
	General and administrative expenses (1)	$	(1,491	)		$	4,359
	Total-return Swap:
	Investment income	$	2,554			$	—
	-1	To the extent that the Company's freestanding derivatives are utilized to hedge its exposure to investment income and management fees earned from consolidated funds, the related hedged items are eliminated in consolidation, with the derivative impact (a positive number reflects a reduction of expenses) reflected in consolidated general and administrative expenses.
Impact of Derivative Instruments Held by Consolidated Funds on Condensed Consolidated Statements of Operations	'
	The impact of derivative instruments held by the consolidated funds on the condensed consolidated statements of operations was as follows:
		Three Months Ended March 31,
		2014								2013
		Net Realized Gain (Loss) on Investments				Net Change in Unrealized Appreciation (Depreciation) on Investments				Net Realized Gain (Loss) on Investments				Net Change in Unrealized Appreciation (Depreciation) on Investments
	Foreign currency forward contracts	$	(56,976	)		$	(168	)		$	(35,989	)		$	147,889
	Total-return, credit-default and interest-rate swaps	(102		)		7,419				2,327				12,992
	Options and futures	(6,894		)		(10,057		)		(5,197		)		5,086
	Swaptions	—				(2,038		)		—				—
	Total	$	(63,972	)		$	(4,844	)		$	(38,859	)		$	165,967
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	'
	The table below sets forth the rights of setoff and related arrangements associated with derivative instruments held by the Company. The “gross amounts not offset in statements of financial condition” column in the table below relates to derivative instruments that are eligible to be offset in accordance with applicable accounting guidance, but for which management has elected not to offset in the condensed consolidated statements of financial condition.
		Gross Amounts of Assets (Liabilities)				Gross Amounts Offset in Assets (Liabilities)				Net Amounts of Assets (Liabilities) Presented				Gross Amounts Not Offset in Statements of Financial Condition						Net Amount
	As of March 31, 2014													Derivative Assets (Liabilities)			Cash Collateral Received (Pledged)
	Derivative Assets:
	Foreign currency forward contracts	$	3,506			$	—			$	3,506			$	2,834		$	—		$	672
	Derivative assets of consolidated funds:
	Foreign currency forward contracts	16,163				—				16,163				14,911			—			1,252
	Total-return, credit-default and interest-rate swaps	30,015				—				30,015				1,009			—			29,006
	Options and futures	36,069				—				36,069				16,634			—			19,435
	Swaptions	4,641				—				4,641				1,285			—			3,356
	Subtotal	86,888				—				86,888				33,839			—			53,049
	Total	$	90,394			$	—			$	90,394			$	36,673		$	—		$	53,721
	Derivative Liabilities:
	Foreign currency forward contracts	$	(4,790	)		$	—			$	(4,790	)		$	(3,437	)	$	—		$	(1,353	)
	Interest-rate swaps	(4,781		)		—				(4,781		)		603			—			(5,384		)
	Subtotal	(9,571		)		—				(9,571		)		(2,834		)	—			(6,737		)
	Derivative liabilities of consolidated funds:
	Foreign currency forward contracts	(98,580		)		—				(98,580		)		(15,723		)	(2,562		)	(80,295		)
	Total-return, credit-default and interest-rate swaps	(9,665		)		—				(9,665		)		(2,436		)	(4,383		)	(2,846		)
	Options and futures	(16,189		)		—				(16,189		)		(14,395		)	(1,794		)	—
	Swaptions	(1,285		)		—				(1,285		)		(1,285		)	—			—
	Subtotal	(125,719		)		—				(125,719		)		(33,839		)	(8,739		)	(83,141		)
	Total	$	(135,290	)		$	—			$	(135,290	)		$	(36,673	)	$	(8,739	)	$	(89,878	)
		Gross Amounts of Assets (Liabilities)				Gross Amounts Offset in Assets (Liabilities)				Net Amounts of Assets (Liabilities) Presented				Gross Amounts Not Offset in Statements of Financial Condition						Net Amount
	As of December 31, 2013													Derivative Assets (Liabilities)			Cash Collateral Received (Pledged)
	Derivative Assets:
	Foreign currency forward contracts	$	7,893			$	—			$	7,893			$	5,951		$	—		$	1,942
	Total-return swaps	4,515				—				4,515				—			—			4,515
	Subtotal	12,408				—				12,408				5,951			—			6,457
	Derivative assets of consolidated funds:
	Foreign currency forward contracts	51,765				—				51,765				31,223			—			20,542
	Total-return, credit-default and interest-rate swaps	18,318				—				18,318				483			—			17,835
	Options and futures	18,138				—				18,138				—			—			18,138
	Swaptions	6,716				—				6,716				1,324			—			5,392
	Subtotal	94,937				—				94,937				33,030			—			61,907
	Total	$	107,345			$	—			$	107,345			$	38,981		$	—		$	68,364
	Derivative Liabilities:
	Foreign currency forward contracts	$	(6,141	)		$	—			$	(6,141	)		$	(4,466	)	$	—		$	(1,675	)
	Interest-rate swaps	(4,171		)		—				(4,171		)		(1,485		)	—			(2,686		)
	Subtotal	(10,312		)		—				(10,312		)		(5,951		)	—			(4,361		)
	Derivative liabilities of consolidated funds:
	Foreign currency forward contracts	(135,246		)		—				(135,246		)		(31,223		)	(11,583		)	(92,440		)
	Total-return, credit-default and interest-rate swaps	(7,096		)		—				(7,096		)		(483		)	(4,358		)	(2,255		)
	Options and futures	(6,214		)		—				(6,214		)		—			(3,067		)	(3,147		)
	Swaptions	(1,324		)		—				(1,324		)		(1,324		)	—			—
	Subtotal	(149,880		)		—				(149,880		)		(33,030		)	(19,008		)	(97,842		)
	Total	$	(160,192	)		$	—			$	(160,192	)		$	(38,981	)	$	(19,008	)	$	(102,203	)

DEBT_OBLIGATIONS_AND_CREDIT_FA1

DEBT OBLIGATIONS AND CREDIT FACILITIES (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Debt Obligations	'
	The Company's debt obligations are set forth below:
		As of
		March 31,		December 31,
		2014		2013
	$75,000, 5.03%, issued in June 2004, payable in seven equal annual installments starting June 14, 2008	$	10,714	$	10,714
	$50,000, 6.09%, issued in June 2006, payable on June 6, 2016	50,000		50,000
	$50,000, 5.82%, issued in November 2006, payable on November 8, 2016	50,000		50,000
	$250,000, 6.75%, issued in November 2009, payable on December 2, 2019	250,000		250,000
	$250,000, variable rate term loan issued in December 2012, payable 2.5% per quarter through September 2017, final $125,000 payment on December 21, 2017, prepaid in March 2014	—		218,750
	$250,000, rate as described below, term loan issued in March 2014, payable on March 31, 2019	250,000		—
	Total remaining principal	$	610,714	$	579,464
Future Principal Payments of Debt Obligations	'
	Future principal payments with respect to the CLO loans payable as of March 31, 2014 were as follows:
	Remainder of 2014	$	—
	2015	20,674
	2016	—
	2017	—
	2018	—
	Thereafter	476,975
	Total	$	497,649
	Future principal payments of debt obligations as of March 31, 2014 were as follows:
	Remainder of 2014	$	10,714
	2015	—
	2016	100,000
	2017	—
	2018	—
	Thereafter	500,000
	Total	$	610,714
Revolving Bank Credit Facilities and Term Loans Outstanding of Consolidated Funds	'
	The consolidated funds had the following revolving credit facilities and term loans outstanding:
	Credit Agreement	Outstanding Amount as of				Facility Capacity			LIBOR		Maturity	Commitment Fee Rate		L/C Fee (2)
		March 31,		December 31,					Margin (1)
		2014		2013
	Credit facility (3)	$	434,000	$	434,000	$	435,000		1.45%		11/14/18	N/A		N/A
	Senior variable rate notes (3)	249,500		249,500		$	249,500		1.55%		10/20/22	N/A		N/A
	Senior variable rate notes (3)	499,017		498,916		$	500,000		1.20%		4/20/23	N/A		N/A
	Senior variable rate notes (3)	402,387		402,375		$	402,500		1.20%		7/20/23	N/A		N/A
	Senior variable rate notes (3)	64,500		64,500		$	64,500		1.65%		7/20/23	N/A		N/A
	Revolving credit facility	300,000		400,000		$	500,000		1.60%		6/26/15	0.25%		N/A
	Revolving credit facility	—		67,000		$	180,000		1.75%		12/15/14	0.35%		N/A
	Revolving credit facility	—		—		$	125,000		1.75%		5/20/14	0.35%		N/A
	Revolving credit facility	—		—		$	55,000		2.00%		12/15/15	0.35%		2.00%
	Revolving credit facility	—		—		$	40,000		1.50%		12/5/14	0.30%		1.50%
	Euro-denominated revolving credit facility	647,481		13,090		€	550,000		1.65%		2/25/16	0.25%		1.65%
	Euro-denominated revolving credit facility	37,213		—		€	100,000		1.95%		2/2/16	0.40%		1.95%
	Revolving credit facility	—		2,800		$	10,000		2.25%		9/1/14	0.38%		N/A
	Revolving credit facility	245,000		165,000		$	350,000		1.65%		3/22/15	0.25%		N/A
	Revolving credit facility	24,500		—		$	150,000		1.60%		1/16/17	0.25%		1.60%
	Revolving credit facility	13,600		—		$	30,000		1.50%		12/11/15	0.20%		N/A
	Credit facility (4)	201,515		—		$	201,515		2.12%		Various	N/A		N/A
		$	3,118,713	$	2,297,181
	-1	The facilities bear interest, at the borrower's option, at (a) an annual rate of LIBOR plus the applicable margin or (b) an alternate base rate, as defined in the respective credit agreement.
	-2	Certain facilities allow for the issuance of letters of credit at an applicable annual fee. As of March 31, 2014 and December 31, 2013, outstanding standby letters of credit totaled $55,546 and $55,954, respectively.
	-3	The credit facility was collateralized by the portfolio investments and cash and cash-equivalents of the fund.
	-4	The credit facility was collateralized by specific investments of the fund. Of the total balance outstanding, $166.7 million matures on March 11, 2015 and the remaining $34.8 million matures on February 11, 2016.
Schedule of Collateralized Loan Obligation	'
	The table below sets forth the loans payable of those CLOs.
		As of March 31, 2014							As of December 31, 2013
		Outstanding Borrowings		Fair Value (1)		Weighted Average Interest Rate		Weighted Average Remaining Maturity (years)	Outstanding Borrowings			Fair Value			Weighted Average Interest Rate	Weighted Average Remaining Maturity (years)
	Senior secured notes (2)	$	456,075	$	456,075	2.25%		11	$	—		$	—		n/a	n/a
	Senior secured notes (3)	20,900		20,900		2.55%		4.8	—			—			n/a	n/a
	Term loan (4)	20,674		20,674		1.83%		1.3	—			—			n/a	n/a
		$	497,649	$	497,649
	-1	The carrying value approximates fair value due to the short-term nature or recent issuance date. The debt obligations of the CLOs are Level III valuations and were valued using a discounted cash-flow analysis.
	-2	The interest rate was LIBOR plus 2.01%.
	-3	The interest rate was LIBOR plus a margin determined based on a formula as defined in the respective borrowing agreements, which incorporate different borrowing values based on the characteristics of collateral investments purchased.  The weighted average unused commitment fee rate ranged from 0% to 2.0%.
	-4	The term loan had a total facility capacity of €140 million as of March 31, 2014. The interest rate was EURIBOR plus 1.40% and the unused commitment fee was 0.30%.

NONCONTROLLING_REDEEMABLE_INTE1

NON-CONTROLLING REDEEMABLE INTERESTS IN CONSOLIDATED FUNDS (Tables)	3 Months Ended
	Mar. 31, 2014
Non-Controlling Redeemable Interests in Consolidated Funds [Abstract]	'
Summary of Changes in Non-controlling Redeemable Interests in Consolidated Funds	'
	The following table sets forth a summary of changes in the non-controlling redeemable interests in the consolidated funds:
		Three Months Ended March 31,
		2014			2013
	Beginning balance	$	38,834,831		$	39,670,831
	Contributions	1,971,832			1,614,894
	Distributions	(2,092,259		)	(3,256,759		)
	Net income	1,324,832			2,063,965
	Change in distributions payable	109,025			105,089
	Foreign currency translation and other	2,461			(97,875		)
	Ending balance	$	40,150,722		$	40,100,145

UNITHOLDERS_CAPITAL_Tables

UNITHOLDERS' CAPITAL (Tables)	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity Note [Abstract]	'
Summary of Net Income (Loss)	'
	The following table sets forth a summary of the net income attributable to the OCGH non-controlling interest and to the Class A unitholders:
		Three Months Ended
		March 31,
		2014			2013
	Weighted average Oaktree Operating Group units outstanding (in thousands):
	OCGH non-controlling interest	112,571			120,628
	Class A unitholders	39,700			30,186
	Total weighted average units outstanding	152,271			150,814
	Oaktree Operating Group net income:
	Net income attributable to OCGH non-controlling interest	$	163,558		$	262,017
	Net income attributable to Class A unitholders	57,682			65,569
	Oaktree Operating Group net income	$	221,240		$	327,586
	Net income attributable to Oaktree Capital Group, LLC:
	Oaktree Operating Group net income attributable to Class A unitholders	$	57,682		$	65,569
	Non-Operating Group expenses	(282		)	(210		)
	Income tax expense of Intermediate Holding Companies	(5,606		)	(7,793		)
	Net income attributable to Oaktree Capital Group, LLC	$	51,794		$	57,566
Changes in Company Ownership Interest	'
	Set forth below are the effects of changes in the Company’s ownership interest in the Oaktree Operating Group:
		Three Months Ended
		March 31,
		2014			2013
	Net income attributable to Oaktree Capital Group, LLC	$	51,794		$	57,566
	Equity reallocation between controlling and non-controlling interests	49,098			(887		)
	Change from net income attributable to Oaktree Capital Group, LLC and transfers from (to) non-controlling interest	$	100,892		$	56,679

EARNINGS_PER_UNIT_Tables

EARNINGS PER UNIT (Tables)	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Computations of Net Income (Loss) Per Unit	'
	The computations of net income per Class A unit are set forth below:
		Three Months Ended
		March 31,
		2014		2013
	Weighted average units outstanding:	(in thousands, except per unit amounts)
	Class A units outstanding	39,700		30,186
	OCGH units exchangeable into Class A units (1)	—		—
	Total weighted average units outstanding	39,700		30,186
	Net income per Class A unit:
	Net income	$	51,794	$	57,566
	Weighted average units outstanding	39,700		30,186
	Basic and diluted net income per Class A unit	$	1.3	$	1.91
	-1	Vested OCGH units are potentially exchangeable on a one-for-one basis into Class A units. As of March 31, 2014, there were 109,203,939 OCGH units outstanding, accordingly, the Company may cumulatively issue up to 109,203,939 additional Class A units through March 1, 2024 if all such units were exchanged. For all periods presented, OCGH units have been excluded from the calculation of diluted earnings per unit because the exchange of these units would proportionally increase Oaktree Capital Group, LLC’s interest in the Oaktree Operating Group and could have an anti-dilutive effect on earnings per unit to the extent that tax-related or other expenses were incurred by the Company as a result of the exchange.

EQUITYBASED_COMPENSATION_Table

EQUITY-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2014
Share-based Compensation [Abstract]	'
Summary of Unvested Equity-Based Awards and Changes	'
	A summary of the status of the Company’s unvested equity-based awards as of March 31, 2014 and a summary of changes for the three months then ended are presented below (actual dollars per unit):
		Class A Units				OCGH Units
		Number of Units		Weighted Average Grant Date Fair Value		Number of Units		Weighted Average Grant Date Fair Value
	Balance, December 31, 2013	16,582		$	45.34	4,465,722		$	30.3
	Granted	7,164		58.88		1,690,418		44.16
	Vested	(4,412	)	45.16		(1,027,363	)	24.28
	Forfeited	—		—		(2,011	)	27.6
	Balance, March 31, 2014	19,334		$	50.4	5,126,766		$	36.08
Schedule of Unvested Units Expected to Vest	'
	As of March 31, 2014, unvested units were expected to vest as follows:
		Number of		Weighted
		Units		Average
				Remaining
				Service Term
				(Years)
	Class A units	19,334		3.6
	OCGH units	5,126,766		5.2

RELATEDPARTY_TRANSACTIONS_Tabl

RELATED-PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Amounts Due from and Due to Affiliates	'
	The fair value of amounts due from and to affiliates is a Level III valuation and was valued based on a discounted cash-flow analysis. The carrying value of amounts due from affiliates approximates fair value because their average interest rate, which ranged from 2.0% to 3.0%, approximated the Company's cost of debt. The fair value of amounts due to affiliates was $160,951 and $123,497 as of March 31, 2014 and December 31, 2013, respectively, based on a discount rate of 10.0%.
		As of
		March 31,		December 31,
		2014		2013
	Due from affiliates:
	Loans	$	41,092	$	41,095
	Amounts due from non-consolidated funds	870		1,220
	Payments made on behalf of non-consolidated entities	4,397		3,272
	Non-interest bearing advances made to certain non-controlling interest holders and employees	1,837		2,187
	Total due from affiliates	$	48,196	$	47,774
	Due to affiliates:
	Due to OCGH unitholders in connection with the tax receivable agreement (please see note 11)	$	320,940	$	240,911
	Amounts due to Principals, certain non-controlling interest holders and employees	890		2,075
	Total due to affiliates	$	321,830	$	242,986

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Adjusted Net Income	'
	ANI was as follows:
		Three Months Ended
		March 31,
		2014			2013
	Revenues:
	Management fees	$	188,400		$	184,214
	Incentive income	292,876			327,184
	Investment income	46,480			82,050
	Total revenues	527,756			593,448
	Expenses:
	Compensation and benefits	(98,194		)	(93,617		)
	Equity-based compensation	(3,983		)	(652		)
	Incentive income compensation	(137,828		)	(130,271		)
	General and administrative	(30,562		)	(23,988		)
	Depreciation and amortization	(1,921		)	(1,743		)
	Total expenses	(272,488		)	(250,271		)
	Adjusted net income before interest and other income (expense)	255,268			343,177
	Interest expense, net of interest income (1)	(6,625		)	(7,407		)
	Other income (expense), net	(1,698		)	(20		)
	Adjusted net income	$	246,945		$	335,750
	-1	Interest income was $1.1 million and $0.6 million for the three months ended March 31, 2014 and 201
Reconciliation of Net Income (Loss) Attributable to Oaktree Capital Group, LLC to Adjusted Net Income	'
	A reconciliation of net income attributable to Oaktree Capital Group, LLC to adjusted net income of the investment management segment is presented below.
		Three Months Ended
		March 31,
		2014			2013
	Net income attributable to Oaktree Capital Group, LLC	$	51,794		$	57,566
	Incentive income (1)	64,460			—
	Incentive income compensation (1)	(46,334		)	—
	Equity-based compensation (2)	5,199			5,800
	Income taxes (3)	7,986			10,157
	Non-Operating Group expenses (4)	282			210
	OCGH non-controlling interest (4)	163,558			262,017
	Adjusted net income	$	246,945		$	335,750
	-1	This adjustment adds back the effect of timing differences associated with the recognition of incentive income and incentive income compensation expense between adjusted net income and net income attributable to OCG. There were no adjustments attributable to timing differences for the three months ended March 31, 2013.
	-2	This adjustment adds back the effect of equity-based compensation charges related to unit grants made before the Company’s initial public offering, which is excluded from adjusted net income because it is a non-cash charge that does not affect the Company's financial position.
	-3	Because adjusted net income is a pre-tax measure, this adjustment eliminates the effect of income tax expense from adjusted net income.
	-4	Because adjusted net income is calculated at the Operating Group level, this adjustment adds back the effect of items applicable to OCG, its Intermediate Holding Companies or the OCGH non-controlling interest.
Schedule of Reconciliation of Total Segments to Income Loss Attributable to Oaktree Capital Group, LLC and Total Assets	'
	The following tables reconcile the Company’s segment information to the condensed consolidated financial statements:
		As of or for the Three Months Ended March 31, 2014
		Segment			Adjustments			Consolidated
	Management fees (1)	$	188,400		$	(147,969	)	$	40,431
	Incentive income (1)	292,876			(292,876		)	—
	Investment income (1)	46,480			(41,489		)	4,991
	Total expenses (2)	(272,488		)	14,169			(258,319		)
	Interest expense, net (3)	(6,625		)	(17,375		)	(24,000		)
	Other income, net	(1,698		)	—			(1,698		)
	Other income of consolidated funds (4)	—			1,786,765			1,786,765
	Income taxes	—			(7,986		)	(7,986		)
	Net income attributable to non-controlling redeemable interests in consolidated funds	—			(1,324,832		)	(1,324,832		)
	Net income attributable to OCGH non-controlling interest in consolidated subsidiaries	—			(163,558		)	(163,558		)
	Adjusted net income/net income attributable to Oaktree Capital Group, LLC	$	246,945		$	(195,151	)	$	51,794
	Corporate investments (5)	$	1,393,692		$	(1,214,960	)	$	178,732
	Total assets(6)	$	2,934,327		$	45,494,881		$	48,429,208
	-1	The adjustment represents the elimination of amounts attributable to the consolidated funds.
	-2	The expense adjustment consists of (a) equity-based compensation charges of $5,199 related to unit grants made before the Company’s initial public offering, (b) consolidated fund expenses of $26,684, (c) expenses incurred by the Intermediate Holding Companies of $282 and (d) the effect of timing differences in the recognition of incentive income compensation expense between adjusted net income and net income attributable to OCG of $46,334.
	-3	The interest expense adjustment represents the inclusion of interest expense attributable to non-controlling interests of the consolidated funds and the exclusion of segment interest income.
	-4	The adjustment to other income of consolidated funds primarily represents the inclusion of interest, dividend and other investment income attributable to non-controlling interests of the consolidated funds.
	-5	The adjustment to corporate investments is to remove from segment assets the Company's investments in the consolidated funds, including investments in its CLOs, that are treated as equity- or cost-method investments for segment reporting purposes. Of the $1.4 billion, equity-method investments accounted for $1.2 billion.
	-6	The total assets adjustment represents the inclusion of investments and other assets of the consolidated funds, net of segment assets eliminated in consolidation, which are primarily corporate investments in funds and incentive income receivable.
		As of or for the Three Months Ended March 31, 2013
		Segment			Adjustments			Consolidated
	Management fees (1)	$	184,214		$	(141,675	)	$	42,539
	Incentive income (1)	327,184			(327,184		)	—
	Investment income (1)	82,050			(69,807		)	12,243
	Total expenses (2)	(250,271		)	(25,234		)	(275,505		)
	Interest expense, net (3)	(7,407		)	(4,174		)	(11,581		)
	Other income, net	(20		)	—			(20		)
	Other income of consolidated funds (4)	—			2,626,029			2,626,029
	Income taxes	—			(10,157		)	(10,157		)
	Net income attributable to non-controlling redeemable interests in consolidated funds	—			(2,063,965		)	(2,063,965		)
	Net income attributable to OCGH non-controlling interest in consolidated subsidiaries	—			(262,017		)	(262,017		)
	Adjusted net income/net income attributable to Oaktree Capital Group, LLC	$	335,750		$	(278,184	)	$	57,566
	Corporate investments (5)	$	1,117,848		$	(1,022,196	)	$	95,652
	Total assets (6)	$	2,500,367		$	42,416,711		$	44,917,078
	-1	The adjustment represents the elimination of amounts attributable to the consolidated funds.
	-2	The expense adjustment consists of (a) equity-based compensation charges of $5,800 related to unit grants made before the Company’s initial public offering, (b) consolidated fund expenses of $19,224 and (c) expenses incurred by the Intermediate Holding Companies of $210.
	-3	The interest expense adjustment represents the inclusion of interest expense attributable to non-controlling interests of the consolidated funds and the exclusion of segment interest income.
	-4	The adjustment to other income of consolidated funds primarily represents the inclusion of interest, dividend and other investment income attributable to non-controlling interests of the consolidated funds.
	-5	The adjustment to corporate investments is to remove from segment assets the Company's investments in the consolidated funds that are treated as equity-method investments for segment reporting purposes.
	-6	The total assets adjustment represents the inclusion of investments and other assets of the consolidated funds, net of segment assets eliminated in consolidation, which are primarily corporate investments in funds and incentive income receivable.

ORGANIZATION_AND_BASIS_OF_PRES1

ORGANIZATION AND BASIS OF PRESENTATION (Details)	3 Months Ended
	Mar. 31, 2014
	vote
	partnership_interest
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Limited Liability Company (LLC) ownership interest (as a percent)	100.00%
Number of partnership interests	1
Number of votes per Class B Unit	10
Number of votes Per Class A Unit	1

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (Variable Interest Entity, Primary Beneficiary, USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
	entity	entity
Variable Interest Entity [Line Items]	'	'
Number of variable interest entities that are consolidated	4	2
Assets	$1,000,000,000	'
Liabilities	876,000,000	'
Maximum risk of loss	$115,600,000	'
Remaining Variable Interest Entities	'	'
Variable Interest Entity [Line Items]	'	'
Number of variable interest entities that are consolidated	3	'
Collateral Manager	'	'
Variable Interest Entity [Line Items]	'	'
Number of variable interest entities that are consolidated	2	'

INVESTMENTS_AT_FAIR_VALUE_Inve

INVESTMENTS, AT FAIR VALUE - Investments, at Fair Value (Detail) (USD $)	Mar. 31, 2014	Feb. 28, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Total investments, at fair value	$42,527,164	$312,900	$39,911,888
Total investments, at fair value, Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	100.00%	'	100.00%
Fixed income securities:	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	17,345,440	'	17,720,189
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	40.80%	'	44.40%
Fixed income securities: | United States:	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	12,238,094	'	12,089,569
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	28.70%	'	30.30%
Fixed income securities: | United States: | Consumer discretionary	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	2,790,284	'	3,017,755
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	6.50%	'	7.60%
Fixed income securities: | United States: | Consumer staples	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	570,952	'	801,959
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	1.30%	'	2.00%
Fixed income securities: | United States: | Energy	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	684,839	'	650,336
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	1.60%	'	1.60%
Fixed income securities: | United States: | Financials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	478,739	'	554,115
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	1.10%	'	1.40%
Fixed income securities: | United States: | Health care	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	849,138	'	600,570
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	2.00%	'	1.50%
Fixed income securities: | United States: | Industrials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	1,947,941	'	1,768,600
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	4.60%	'	4.40%
Fixed income securities: | United States: | Information technology	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	1,119,772	'	1,130,614
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	2.60%	'	2.80%
Fixed income securities: | United States: | Materials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	1,149,059	'	1,094,476
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	2.70%	'	2.70%
Fixed income securities: | United States: | Telecommunication services	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	319,044	'	289,046
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.80%	'	0.70%
Fixed income securities: | United States: | Utilities	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	2,328,326	'	2,182,098
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	5.50%	'	5.60%
Fixed income securities: | Europe:	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	3,670,193	'	3,885,082
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	8.70%	'	9.70%
Fixed income securities: | Europe: | Consumer discretionary	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	1,315,531	'	1,519,530
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	3.10%	'	3.80%
Fixed income securities: | Europe: | Consumer staples	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	157,755	'	159,489
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.40%	'	0.40%
Fixed income securities: | Europe: | Energy	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	345,572	'	295,942
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.80%	'	0.70%
Fixed income securities: | Europe: | Financials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	574,178	'	612,123
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	1.40%	'	1.50%
Fixed income securities: | Europe: | Health care	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	78,646	'	39,189
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.20%	'	0.10%
Fixed income securities: | Europe: | Industrials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	351,636	'	378,797
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.80%	'	1.00%
Fixed income securities: | Europe: | Information technology	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	31,216	'	22,216
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.10%	'	0.10%
Fixed income securities: | Europe: | Materials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	650,492	'	663,984
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	1.50%	'	1.70%
Fixed income securities: | Europe: | Telecommunication services	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	150,745	'	175,231
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.40%	'	0.40%
Fixed income securities: | Europe: | Utilities	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	14,422	'	18,581
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.00%	'	0.00%
Fixed income securities: | Asia and other:	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	1,437,153	'	1,745,538
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	3.40%	'	4.40%
Fixed income securities: | Asia and other: | Consumer discretionary	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	121,197	'	93,087
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.30%	'	0.20%
Fixed income securities: | Asia and other: | Consumer staples	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	67,452	'	25,424
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.20%	'	0.10%
Fixed income securities: | Asia and other: | Energy	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	55,863	'	74,167
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.10%	'	0.20%
Fixed income securities: | Asia and other: | Financials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	190,506	'	159,369
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.40%	'	0.40%
Fixed income securities: | Asia and other: | Health care	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	34,748	'	31,057
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.10%	'	0.10%
Fixed income securities: | Asia and other: | Industrials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	820,314	'	1,247,793
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	1.90%	'	3.10%
Fixed income securities: | Asia and other: | Information technology	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	23,882	'	21,842
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.10%	'	0.10%
Fixed income securities: | Asia and other: | Materials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	113,321	'	84,107
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.30%	'	0.20%
Fixed income securities: | Asia and other: | Telecommunication services	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	1,608	'	1,884
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.00%	'	0.00%
Fixed income securities: | Asia and other: | Utilities	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Fixed income securities:	8,262	'	6,808
Fixed income Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.00%	'	0.00%
Equity securities:	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	25,181,724	'	22,191,699
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	59.20%	'	55.60%
Securities sold short b equities	-99,509	'	-140,251
Equity securities: | United States:	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	16,187,557	'	14,240,613
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	38.10%	'	35.70%
Equity securities: | United States: | Consumer discretionary	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	3,097,080	'	3,164,000
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	7.30%	'	7.90%
Equity securities: | United States: | Consumer staples	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	559,012	'	482,521
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	1.30%	'	1.20%
Equity securities: | United States: | Energy	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	621,780	'	570,839
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	1.50%	'	1.40%
Equity securities: | United States: | Financials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	7,151,016	'	6,474,365
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	16.80%	'	16.30%
Equity securities: | United States: | Health care	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	346,115	'	310,582
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.80%	'	0.80%
Equity securities: | United States: | Industrials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	2,965,141	'	1,840,900
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	7.00%	'	4.60%
Equity securities: | United States: | Information technology	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	252,151	'	227,608
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.60%	'	0.60%
Equity securities: | United States: | Materials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	926,008	'	923,933
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	2.20%	'	2.30%
Equity securities: | United States: | Telecommunication services	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	46,408	'	51,881
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.10%	'	0.10%
Equity securities: | United States: | Utilities	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	222,846	'	193,984
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.50%	'	0.50%
Equity securities: | Europe:	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	5,787,994	'	4,526,108
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	13.50%	'	11.30%
Equity securities: | Europe: | Consumer discretionary	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	324,219	'	198,045
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.80%	'	0.50%
Equity securities: | Europe: | Consumer staples	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	421,003	'	385,595
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	1.00%	'	1.00%
Equity securities: | Europe: | Energy	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	140,976	'	129,207
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.30%	'	0.30%
Equity securities: | Europe: | Financials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	3,442,951	'	2,763,198
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	8.00%	'	6.90%
Equity securities: | Europe: | Health care	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	13,092	'	13,084
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.00%	'	0.00%
Equity securities: | Europe: | Industrials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	1,140,867	'	784,524
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	2.70%	'	2.00%
Equity securities: | Europe: | Information technology	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	0	'	1,341
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.00%	'	0.00%
Equity securities: | Europe: | Materials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	304,886	'	249,732
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.70%	'	0.60%
Equity securities: | Europe: | Telecommunication services	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	0	'	1,382
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.00%	'	0.00%
Equity securities: | Asia and other:	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	3,206,173	'	3,424,978
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	7.60%	'	8.60%
Equity securities: | Asia and other: | Consumer discretionary	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	599,159	'	422,731
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	1.40%	'	1.10%
Equity securities: | Asia and other: | Consumer staples	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	67,223	'	42,937
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.20%	'	0.10%
Equity securities: | Asia and other: | Energy	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	227,935	'	267,494
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.50%	'	0.70%
Equity securities: | Asia and other: | Financials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	1,177,443	'	1,211,033
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	2.80%	'	3.00%
Equity securities: | Asia and other: | Health care	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	29,696	'	8,124
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.10%	'	0.00%
Equity securities: | Asia and other: | Industrials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	620,416	'	1,136,934
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	1.50%	'	2.90%
Equity securities: | Asia and other: | Information technology	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	222,057	'	130,714
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.50%	'	0.30%
Equity securities: | Asia and other: | Materials	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	80,734	'	63,395
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.20%	'	0.20%
Equity securities: | Asia and other: | Telecommunication services	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	18,397	'	17,719
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.00%	'	0.00%
Equity securities: | Asia and other: | Utilities	'	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'	'
Equity securities:	$163,113	'	$123,897
Equity Securities: Fair Value as a Percentage of Investments of Consolidated Funds (as a percent)	0.40%	'	0.30%

INVESTMENTS_AT_FAIR_VALUE_Inve1

INVESTMENTS, AT FAIR VALUE - Investments, at Fair Value (Parenthetical) (Detail) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Schedule Of Investments In Marketable Securities [Line Items]	'	'
Proceeds	$103,344	$137,092
United States:	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'
Total fixed income securities	12,228,907	12,008,435
Total equity securities	12,202,295	11,104,484
Europe:	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'
Total fixed income securities	3,414,059	3,349,740
Total equity securities	5,083,771	4,111,171
Asia and other:	'	'
Schedule Of Investments In Marketable Securities [Line Items]	'	'
Total fixed income securities	1,329,587	1,639,694
Total equity securities	$2,516,567	$2,734,160

INVESTMENTS_AT_FAIR_VALUE_Addi

INVESTMENTS, AT FAIR VALUE - Additional Information (Detail)	Mar. 31, 2014	Dec. 31, 2013
Investments [Abstract]	'	'
Percentage exceeded consolidated net assets (as a percent)	5.00%	5.00%

INVESTMENTS_AT_FAIR_VALUE_Net_

INVESTMENTS, AT FAIR VALUE - Net Gains (Losses) from Investment Activities of Consolidated Funds (Detail) (Consolidated Funds, Not Designated as Hedging Instrument, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Gain (Loss) on Investments [Line Items]	'	'
Net Realized Gain (Loss) on Investments	$654,151	$1,198,260
Net Change in Unrealized Appreciation (Depreciation) on Investments	770,478	1,021,517
Investments and other financial instruments	'	'
Gain (Loss) on Investments [Line Items]	'	'
Net Realized Gain (Loss) on Investments	718,123	1,237,119
Net Change in Unrealized Appreciation (Depreciation) on Investments	775,322	855,550
Foreign currency forward contracts	'	'
Gain (Loss) on Investments [Line Items]	'	'
Net Realized Gain (Loss) on Investments	-56,976	-35,989
Net Change in Unrealized Appreciation (Depreciation) on Investments	-168	147,889
Total-return, credit-default and interest-rate swaps	'	'
Gain (Loss) on Investments [Line Items]	'	'
Net Realized Gain (Loss) on Investments	-102	2,327
Net Change in Unrealized Appreciation (Depreciation) on Investments	7,419	12,992
Options and futures	'	'
Gain (Loss) on Investments [Line Items]	'	'
Net Realized Gain (Loss) on Investments	-6,894	-5,197
Net Change in Unrealized Appreciation (Depreciation) on Investments	-10,057	5,086
Swaptions	'	'
Gain (Loss) on Investments [Line Items]	'	'
Net Realized Gain (Loss) on Investments	0	0
Net Change in Unrealized Appreciation (Depreciation) on Investments	($2,038)	$0

FAIR_VALUE_Financial_Instrumen

FAIR VALUE - Financial Instruments by Fair-value Hierarchy Level (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
U.S. Treasury and government-agency securities (1)	$360,559		$676,600
Fair Value, Measurements, Recurring	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Cash and cash-equivalents	563,292	[1]	390,721	[1]
Total assets	927,357		1,079,729
Total liabilities	-9,571		-10,312
Fair Value, Measurements, Recurring | U.S. Treasury and government-agency securities (1)	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
U.S. Treasury and government-agency securities (1)	360,559	[1]	676,600	[1]
Fair Value, Measurements, Recurring | Forward contracts	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Derivative asset	3,506	[2]	7,893	[2]
Derivative liabilities	-4,790	[3]	-6,141	[3]
Fair Value, Measurements, Recurring | Total-return swap	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Derivative asset	0	[2]	4,515	[2]
Fair Value, Measurements, Recurring | Interest-rate swaps	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Derivative liabilities	-4,781	[3]	-4,171	[3]
Fair Value, Measurements, Recurring | Level I	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Cash and cash-equivalents	563,292	[1]	390,721	[1]
Total assets	923,851		1,067,321
Total liabilities	0		0
Fair Value, Measurements, Recurring | Level I | U.S. Treasury and government-agency securities (1)	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
U.S. Treasury and government-agency securities (1)	360,559	[1]	676,600	[1]
Fair Value, Measurements, Recurring | Level I | Forward contracts	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Derivative asset	0	[2]	0	[2]
Derivative liabilities	0	[3]	0	[3]
Fair Value, Measurements, Recurring | Level I | Total-return swap	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Derivative asset	0	[2]	0	[2]
Fair Value, Measurements, Recurring | Level I | Interest-rate swaps	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Derivative liabilities	0	[3]	0	[3]
Fair Value, Measurements, Recurring | Level II	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Cash and cash-equivalents	0	[1]	0	[1]
Total assets	3,506		12,408
Total liabilities	-9,571		-10,312
Fair Value, Measurements, Recurring | Level II | U.S. Treasury and government-agency securities (1)	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
U.S. Treasury and government-agency securities (1)	0	[1]	0	[1]
Fair Value, Measurements, Recurring | Level II | Forward contracts	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Derivative asset	3,506	[2]	7,893	[2]
Derivative liabilities	-4,790	[3]	-6,141	[3]
Fair Value, Measurements, Recurring | Level II | Total-return swap	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Derivative asset	0	[2]	4,515	[2]
Fair Value, Measurements, Recurring | Level II | Interest-rate swaps	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Derivative liabilities	-4,781	[3]	-4,171	[3]
Fair Value, Measurements, Recurring | Level III	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Cash and cash-equivalents	0	[1]	0	[1]
Total assets	0		0
Total liabilities	0		0
Fair Value, Measurements, Recurring | Level III | U.S. Treasury and government-agency securities (1)	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
U.S. Treasury and government-agency securities (1)	0	[1]	0	[1]
Fair Value, Measurements, Recurring | Level III | Forward contracts	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Derivative asset	0	[2]	0	[2]
Derivative liabilities	0	[3]	0	[3]
Fair Value, Measurements, Recurring | Level III | Total-return swap	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Derivative asset	0	[2]	0	[2]
Fair Value, Measurements, Recurring | Level III | Interest-rate swaps	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Derivative liabilities	$0	[3]	$0	[3]
[1]	The carrying value approximates fair value due to the short-term nature.
[2]	Amounts are included in other assets in the condensed consolidated statements of financial condition.
[3]	Amounts are included in accounts payable, accrued expenses and other liabilities in the condensed consolidated statements of financial condition.

FAIR_VALUE_Valuation_of_Invest

FAIR VALUE - Valuation of Investments and Other Financial Instruments (Detail) (USD $)	Mar. 31, 2014		Feb. 28, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	$42,527,164		$312,900	$39,911,888
Consolidated Funds	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	42,527,164		'	39,911,888
Total derivatives	86,888		'	94,937
Securities sold short b equities	-99,509		'	-140,251
Total derivatives	-125,719		'	-149,880
Fair Value, Measurements, Recurring	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Cash and cash-equivalents	563,292	[1]	'	390,721	[1]
Total assets	927,357		'	1,079,729
Total liabilities	-9,571		'	-10,312
Fair Value, Measurements, Recurring | Forward contracts	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	3,506	[2]	'	7,893	[2]
Total derivatives	-4,790	[3]	'	-6,141	[3]
Fair Value, Measurements, Recurring | Level I	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Cash and cash-equivalents	563,292	[1]	'	390,721	[1]
Total assets	923,851		'	1,067,321
Total liabilities	0		'	0
Fair Value, Measurements, Recurring | Level I | Forward contracts	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	0	[2]	'	0	[2]
Total derivatives	0	[3]	'	0	[3]
Fair Value, Measurements, Recurring | Level II	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Cash and cash-equivalents	0	[1]	'	0	[1]
Total assets	3,506		'	12,408
Total liabilities	-9,571		'	-10,312
Fair Value, Measurements, Recurring | Level II | Forward contracts	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	3,506	[2]	'	7,893	[2]
Total derivatives	-4,790	[3]	'	-6,141	[3]
Fair Value, Measurements, Recurring | Level III	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Cash and cash-equivalents	0	[1]	'	0	[1]
Total assets	0		'	0
Total liabilities	0		'	0
Fair Value, Measurements, Recurring | Level III | Forward contracts	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	0	[2]	'	0	[2]
Total derivatives	0	[3]	'	0	[3]
Fair Value, Measurements, Recurring | Consolidated Funds	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Cash and cash-equivalents	2,421,676	[1]	'	2,246,944	[1]
Total investments	42,527,164		'	39,911,888
Total derivatives	86,888		'	94,937
Securities sold short b equities	-99,509		'	-140,251
Total derivatives	-125,719		'	-149,880
Total assets	45,035,728		'	42,253,769
Total liabilities	-225,228		'	-290,131
Fair Value, Measurements, Recurring | Consolidated Funds | Forward contracts	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	16,163		'	51,765
Total derivatives	-98,580		'	-135,246
Fair Value, Measurements, Recurring | Consolidated Funds | Swaps	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	30,015		'	18,318
Total derivatives	-9,665		'	-7,096
Fair Value, Measurements, Recurring | Consolidated Funds | Options and futures	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	36,069		'	18,138
Total derivatives	-16,189		'	-6,214
Fair Value, Measurements, Recurring | Consolidated Funds | Swaptions	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	4,641		'	6,716
Total derivatives	-1,285		'	-1,324
Fair Value, Measurements, Recurring | Consolidated Funds | Corporate debt b bank debt	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	10,252,679		'	10,161,566
Fair Value, Measurements, Recurring | Consolidated Funds | Corporate debt b all other	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	7,092,761		'	7,558,623
Fair Value, Measurements, Recurring | Consolidated Funds | Equities b common stock	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	14,467,355		'	12,613,353
Fair Value, Measurements, Recurring | Consolidated Funds | Equities b preferred stock	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	1,159,255		'	932,355
Fair Value, Measurements, Recurring | Consolidated Funds | Real estate	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	7,125,392		'	6,258,478
Fair Value, Measurements, Recurring | Consolidated Funds | Real estate loan portfolios	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	2,413,412		'	2,369,441
Fair Value, Measurements, Recurring | Consolidated Funds | Other	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	16,310		'	18,072
Fair Value, Measurements, Recurring | Consolidated Funds | Level I	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Cash and cash-equivalents	2,421,676	[1]	'	2,246,944	[1]
Total investments	6,384,535		'	4,811,623
Total derivatives	63		'	101
Securities sold short b equities	-99,509		'	-140,251
Total derivatives	-1,794		'	-5,030
Total assets	8,806,274		'	7,058,668
Total liabilities	-101,303		'	-145,281
Fair Value, Measurements, Recurring | Consolidated Funds | Level I | Forward contracts	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	0		'	0
Total derivatives	0		'	0
Fair Value, Measurements, Recurring | Consolidated Funds | Level I | Swaps	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	0		'	0
Total derivatives	0		'	0
Fair Value, Measurements, Recurring | Consolidated Funds | Level I | Options and futures	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	63		'	101
Total derivatives	-1,794		'	-5,030
Fair Value, Measurements, Recurring | Consolidated Funds | Level I | Swaptions	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	0		'	0
Total derivatives	0		'	0
Fair Value, Measurements, Recurring | Consolidated Funds | Level I | Corporate debt b bank debt	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	0		'	0
Fair Value, Measurements, Recurring | Consolidated Funds | Level I | Corporate debt b all other	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	1,224		'	798
Fair Value, Measurements, Recurring | Consolidated Funds | Level I | Equities b common stock	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	6,378,075		'	4,804,068
Fair Value, Measurements, Recurring | Consolidated Funds | Level I | Equities b preferred stock	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	3,607		'	4,101
Fair Value, Measurements, Recurring | Consolidated Funds | Level I | Real estate	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	0		'	0
Fair Value, Measurements, Recurring | Consolidated Funds | Level I | Real estate loan portfolios	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	0		'	0
Fair Value, Measurements, Recurring | Consolidated Funds | Level I | Other	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	1,629		'	2,656
Fair Value, Measurements, Recurring | Consolidated Funds | Level II	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Cash and cash-equivalents	0	[1]	'	0	[1]
Total investments	13,326,857		'	13,634,420
Total derivatives	86,825		'	94,836
Securities sold short b equities	0		'	0
Total derivatives	-121,023		'	-144,850
Total assets	13,413,682		'	13,729,256
Total liabilities	-121,023		'	-144,850
Fair Value, Measurements, Recurring | Consolidated Funds | Level II | Forward contracts	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	16,163		'	51,765
Total derivatives	-98,580		'	-135,246
Fair Value, Measurements, Recurring | Consolidated Funds | Level II | Swaps	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	30,015		'	18,318
Total derivatives	-6,763		'	-7,096
Fair Value, Measurements, Recurring | Consolidated Funds | Level II | Options and futures	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	36,006		'	18,037
Total derivatives	-14,395		'	-1,184
Fair Value, Measurements, Recurring | Consolidated Funds | Level II | Swaptions	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	4,641		'	6,716
Total derivatives	-1,285		'	-1,324
Fair Value, Measurements, Recurring | Consolidated Funds | Level II | Corporate debt b bank debt	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	7,668,325		'	7,352,129
Fair Value, Measurements, Recurring | Consolidated Funds | Level II | Corporate debt b all other	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	5,024,193		'	5,125,646
Fair Value, Measurements, Recurring | Consolidated Funds | Level II | Equities b common stock	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	475,554		'	1,109,270
Fair Value, Measurements, Recurring | Consolidated Funds | Level II | Equities b preferred stock	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	10,018		'	8,483
Fair Value, Measurements, Recurring | Consolidated Funds | Level II | Real estate	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	148,767		'	37,184
Fair Value, Measurements, Recurring | Consolidated Funds | Level II | Real estate loan portfolios	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	0		'	0
Fair Value, Measurements, Recurring | Consolidated Funds | Level II | Other	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	0		'	1,708
Fair Value, Measurements, Recurring | Consolidated Funds | Level III	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Cash and cash-equivalents	0	[1]	'	0	[1]
Total investments	22,815,772		'	21,465,845
Total derivatives	0		'	0
Securities sold short b equities	0		'	0
Total derivatives	-2,902		'	0
Total assets	22,815,772		'	21,465,845
Total liabilities	-2,902		'	0
Fair Value, Measurements, Recurring | Consolidated Funds | Level III | Forward contracts	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	0		'	0
Total derivatives	0		'	0
Fair Value, Measurements, Recurring | Consolidated Funds | Level III | Swaps	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	0		'	0
Total derivatives	-2,902		'	0
Fair Value, Measurements, Recurring | Consolidated Funds | Level III | Options and futures	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	0		'	0
Total derivatives	0		'	0
Fair Value, Measurements, Recurring | Consolidated Funds | Level III | Swaptions	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total derivatives	0		'	0
Total derivatives	0		'	0
Fair Value, Measurements, Recurring | Consolidated Funds | Level III | Corporate debt b bank debt	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	2,584,354		'	2,809,437
Fair Value, Measurements, Recurring | Consolidated Funds | Level III | Corporate debt b all other	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	2,067,344		'	2,432,179
Fair Value, Measurements, Recurring | Consolidated Funds | Level III | Equities b common stock	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	7,613,726		'	6,700,015
Fair Value, Measurements, Recurring | Consolidated Funds | Level III | Equities b preferred stock	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	1,145,630		'	919,771
Fair Value, Measurements, Recurring | Consolidated Funds | Level III | Real estate	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	6,976,625		'	6,221,294
Fair Value, Measurements, Recurring | Consolidated Funds | Level III | Real estate loan portfolios	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	2,413,412		'	2,369,441
Fair Value, Measurements, Recurring | Consolidated Funds | Level III | Other	'		'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'		'	'
Total investments	$14,681		'	$13,708
[1]	The carrying value approximates fair value due to the short-term nature.
[2]	Amounts are included in other assets in the condensed consolidated statements of financial condition.
[3]	Amounts are included in accounts payable, accrued expenses and other liabilities in the condensed consolidated statements of financial condition.

FAIR_VALUE_Additional_Informat

FAIR VALUE - Additional Information (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
	investment
Fair Value Disclosures [Abstract]	'	'
Transfers from level II to level I	$635.20	$1,066.80
Number of exchange-traded investments	3	'

FAIR_VALUE_Summary_of_Changes_

FAIR VALUE - Summary of Changes in Fair Value of Level III Investments (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'
Beginning balance	$21,465,845	$19,907,890
Transfers into Level III	1,148,038	709,646
Transfers out of Level III	-1,413,197	-690,463
Purchases	2,362,051	780,456
Sales	-1,714,375	-1,997,931
Realized gains (losses), net	298,057	459,561
Unrealized appreciation (depreciation), net	666,451	6,269
Ending balance	22,812,870	19,175,428
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period	891,769	572,586
Corporate debt b bank debt	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'
Beginning balance	2,809,437	2,253,476
Transfers into Level III	721,444	49,731
Transfers out of Level III	-972,015	-193,810
Purchases	254,943	134,839
Sales	-274,745	-183,236
Realized gains (losses), net	44,144	-17,014
Unrealized appreciation (depreciation), net	1,146	23,452
Ending balance	2,584,354	2,067,438
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period	-24,732	33,359
Corporate debt b all other	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'
Beginning balance	2,432,179	3,159,051
Transfers into Level III	150	6,131
Transfers out of Level III	-6,366	-97,875
Purchases	123,984	33,584
Sales	-536,993	-198,596
Realized gains (losses), net	115,502	23,255
Unrealized appreciation (depreciation), net	-61,112	-12,712
Ending balance	2,067,344	2,912,838
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period	48,955	27,735
Equities b common stock	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'
Beginning balance	6,700,015	8,101,051
Transfers into Level III	424,682	528,314
Transfers out of Level III	-340,071	-398,778
Purchases	800,128	51,039
Sales	-273,583	-1,127,763
Realized gains (losses), net	59,376	426,537
Unrealized appreciation (depreciation), net	243,179	-332,554
Ending balance	7,613,726	7,247,846
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period	354,211	145,621
Equities b preferred stock	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'
Beginning balance	919,771	650,096
Transfers into Level III	0	125,470
Transfers out of Level III	-3,849	0
Purchases	144,517	29,300
Sales	-41,380	-178,320
Realized gains (losses), net	-28	29,034
Unrealized appreciation (depreciation), net	126,599	-7,748
Ending balance	1,145,630	647,832
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period	141,096	32,491
Real estate	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'
Beginning balance	6,221,294	3,946,142
Transfers into Level III	1,762	0
Transfers out of Level III	-90,896	0
Purchases	800,795	307,269
Sales	-302,335	-26,834
Realized gains (losses), net	52,203	-9,325
Unrealized appreciation (depreciation), net	293,802	281,674
Ending balance	6,976,625	4,498,926
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period	298,175	279,223
Real estate loan portfolios	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'
Beginning balance	2,369,441	1,737,822
Transfers into Level III	0	0
Transfers out of Level III	'	0
Purchases	236,684	224,425
Sales	-285,339	-283,182
Realized gains (losses), net	26,860	7,074
Unrealized appreciation (depreciation), net	65,766	44,245
Ending balance	2,413,412	1,730,384
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period	71,975	44,245
Swaps	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'
Beginning balance	0	44,705
Transfers into Level III	0	0
Transfers out of Level III	'	0
Purchases	'	0
Sales	'	0
Realized gains (losses), net	'	0
Unrealized appreciation (depreciation), net	-2,902	9,969
Ending balance	-2,902	54,674
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period	2,084	9,970
Other:	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'
Beginning balance	13,708	15,547
Transfers into Level III	0	0
Transfers out of Level III	'	0
Purchases	1,000	0
Sales	'	0
Realized gains (losses), net	'	0
Unrealized appreciation (depreciation), net	-27	-57
Ending balance	14,681	15,490
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period	$5	($58)

FAIR_VALUE_Summary_of_Valuatio

FAIR VALUE - Summary of Valuation Techniques and Quantitative Information (Detail) (USD $)

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In Thousands, unless otherwise specified

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Feb. 28, 2014

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Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

investment

Weighted Average

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Industrials

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Credit-oriented investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Equity investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate-oriented investments:

Real estate loan portfolios

Real estate loan portfolios

Real estate loan portfolios

Real estate loan portfolios

Real estate loan portfolios

Real estate loan portfolios

Real estate loan portfolios

Real estate loan portfolios

Real estate loan portfolios

Real estate loan portfolios

Other

Other

Discounted cash flow / Sales approach

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Financials

Financials

Financials

Financials

Financials

Financials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Consumer discretionary

Financials

Financials

Financials

Financials

Financials

Financials

Financials

Financials

Financials

Financials

Financials

Financials

Financials

Financials

Financials

Financials

Financials

Financials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Industrials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Materials

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Other:

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Recent transaction price

Recent transaction price

Sales approach

Sales approach

Recent market information

Recent market information

Recent market information

Recent market information

Recent market information

Recent market information

Recent market information

Recent market information

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Recent transaction price

Recent transaction price

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Recent transaction price

Recent transaction price

Recent market information

Recent market information

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Recent transaction price

Recent market information

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Recent transaction price

Recent transaction price

Recent market information

Recent market information

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Discounted cash flow / Sales approach

Discounted cash flow / Sales approach

Discounted cash flow / Sales approach

Discounted cash flow / Sales approach

Discounted cash flow / Sales approach

Discounted cash flow / Sales approach

Discounted cash flow / Sales approach

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Recent transaction price

Recent transaction price

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Recent transaction price

Recent transaction price

Recent market information

Recent market information

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Recent transaction price

Recent transaction price

Recent market information

Recent market information

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Recent transaction price

Recent transaction price

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Recent transaction price

Recent transaction price

Recent market information

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (value of underlying assets)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Recent transaction price

Recent transaction price

Recent market information

Recent market information

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Discounted cash flow

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Market approach (comparable companies)

Recent transaction price

Recent transaction price

Recent market information

Recent market information

Other

Other

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Maximum

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Maximum

Weighted Average

Minimum

Maximum

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Maximum

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Minimum

Minimum

Maximum

Maximum

Weighted Average

Weighted Average

Fair Value Inputs, Assets, Quantitative Information [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total investments, at fair value

$42,527,164

$312,900

$39,911,888

'

$22,812,870

[1],[2],[3]

$21,465,845

[1],[2],[3]

$346,492

$69,643

$40,998

[1],[2],[3],[4]

'

'

'

'

'

'

$611,631

$571,865

[1],[2],[3],[5],[6]

'

'

'

'

'

'

$217,385

$321,619

[1],[2],[3],[7]

$221,933

$139,002

[1],[2],[3],[8]

$10,765

[1],[2],[3],[4]

'

'

'

$221,170

[1],[2],[3],[7]

$559,229

[1],[2],[3],[8]

$233,578

$328,712

[1],[2],[3],[4]

'

'

'

'

'

'

$56,665

[1],[2],[3],[5],[6]

$59,349

[1],[2],[3],[5],[6]

'

'

'

'

'

'

$260,803

$208,436

[1],[2],[3],[7]

$210,707

$840,871

[1],[2],[3],[8]

$82,555

$77,550

[1],[2],[3],[6],[9]

'

'

'

'

'

'

$335,270

[1],[10],[2],[3],[4]

'

'

'

'

'

'

$102,511

$67,280

[1],[2],[3],[4]

'

'

'

'

'

'

$442,411

$437,522

[1],[2],[3],[5],[6]

'

'

'

'

'

'

$13,303

$79,020

[1],[2],[3],[7]

$446,518

$704,430

[1],[2],[3],[4]

'

'

'

'

'

'

$374,787

[1],[2],[3],[5],[6]

$337,406

[1],[2],[3],[5],[6]

'

'

'

'

'

'

$29,426

$291,925

[1],[2],[3],[7]

$137,284

$400,361

[1],[2],[3],[8]

$57,560

$57,560

[1],[2],[3],[4]

'

'

'

'

'

'

$622,920

$504,550

[1],[2],[3],[5],[6]

'

'

'

'

'

'

$2,940

$97,834

[1],[2],[3],[7]

$167,262

$140,705

[1],[2],[3],[8]

$94,481

[1],[2],[3],[4]

'

'

'

$344,636

[1],[2],[3],[5],[6]

'

'

'

$272,389

[1],[2],[3],[7]

$185,140

[1],[2],[3],[7]

$489,920

$407,823

[1],[2],[3],[6],[9]

'

'

'

'

'

'

$24,938

[1],[2],[3],[4]

'

'

'

$1,668,252

[1],[2],[3],[5],[6]

$1,511,811

[1],[2],[3],[5],[6]

'

'

'

'

'

'

$873,360

[1],[2],[3],[7]

$745,519

[1],[2],[3],[7]

$229,158

[1],[2],[3],[8]

$1,493,256

[1],[2],[3],[6],[9]

$1,064,686

[1],[2],[3],[6],[9]

'

'

'

'

'

'

$1,101,844

[1],[2],[3],[5],[6]

$1,014,930

[1],[2],[3],[5],[6]

'

'

'

'

'

'

$32,483

[1],[2],[3],[7]

$56,064

[1],[2],[3],[7]

$124,651

[1],[2],[3],[8]

$1,604

[1],[2],[3],[8]

$63,222

[1],[2],[3],[4]

$60,451

[1],[2],[3],[4]

'

'

'

'

'

'

$1,178,207

[1],[2],[3],[5],[6]

$1,052,158

[1],[2],[3],[5],[6]

'

'

'

'

'

'

$83,889

[1],[2],[3],[7]

$21,790

[1],[2],[3],[7]

$247

[1],[2],[3],[8]

$107,361

[1],[2],[3],[7]

$178,377

[1],[2],[3]

$245,164

[1],[2],[3]

$2,304,595

[1],[11],[2],[3],[4]

$1,997,927

[1],[11],[2],[3],[4]

'

'

'

'

'

'

$1,348,855

[1],[2],[3],[5],[6]

$1,230,234

[1],[2],[3],[5],[6]

'

'

'

'

'

'

$1,049,702

[1],[2],[3],[7]

$710,888

[1],[2],[3],[7]

$694,305

[1],[10],[2],[3]

$684,802

[1],[10],[2],[3]

$1,096,058

[1],[2],[3],[8]

$1,169,991

[1],[2],[3],[8]

'

'

'

'

'

'

$483,110

[1],[2],[3],[6],[9]

$427,452

[1],[2],[3],[6],[9]

'

'

'

'

'

'

$1,678,825

[1],[11],[2],[3],[4]

$1,775,455

[1],[11],[2],[3],[4]

'

'

'

'

'

'

$734,587

[1],[2],[3],[7]

$593,986

[1],[2],[3],[7]

$14,681

[1],[2],[3]

$13,708

[1],[2],[3]

Discount rate (as a percent)

'

'

'

'

'

'

'

'

'

10.00%

13.00%

15.00%

15.00%

11.00%

[12]

14.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

14.00%

16.00%

15.00%

[12]

'

'

'

'

12.00%

12.00%

19.00%

17.00%

14.00%

[12]

14.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11.00%

13.00%

14.00%

14.00%

13.00%

[12]

13.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

9.00%

8.00%

14.00%

15.00%

12.00%

[12]

11.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

12.00%

12.00%

14.00%

11.00%

[12]

13.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

11.00%

13.00%

12.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15.00%

17.00%

16.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

10.00%

12.00%

12.00%

11.00%

[12]

11.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8.00%

8.00%

36.00%

36.00%

14.00%

[12]

14.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

10.00%

23.00%

24.00%

15.00%

[12]

15.00%

[12]

'

'

'

'

Earnings multiple

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4

4

8

11

6

[12]

5

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5

4

6

6

6

[12]

6

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6

6

7

7

7

[12]

6

[12]

'

'

'

'

'

'

'

'

'

'

'

'

6

6

11

7

8

[12]

7

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4

4

11

11

8

[12]

9

[12]

'

'

'

'

'

'

'

'

'

12

14

13

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4

4

14

12

8

[12]

8

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

6

6

8

8

7

[12]

7

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4

5

11

11

11

[12]

9

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6

6

12

12

12

[12]

12

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Discount rate / Market transactions (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

11.00%

20.00%

20.00%

14.00%

[12]

14.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Underlying asset multiple

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.9

0.9

1.1

1.1

1

[12]

1

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

1

1.4

1.2

1.2

[12]

1.1

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

1

1.3

1.4

1.1

[12]

1.1

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.2

1.3

1.4

1.5

1.3

[12]

1.4

[12]

'

'

'

'

'

'

'

'

'

'

'

'

Terminal capitalization rate (as a percent)

'

'

'

0.08

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.06

0.06

0.11

0.15

'

0.08

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Direct capitalization rate (as a percent)

'

'

'

0.08

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.07

0.07

0.08

0.08

'

0.08

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net operating income growth rate (as a percent)

'

'

'

6.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

1.00%

17.00%

30.00%

'

9.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Absorption rate (as a percent)

'

'

'

31.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

16.00%

16.00%

44.00%

44.00%

'

32.00%

[12]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Quoted prices / discount (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.00%

0.00%

6.00%

6.00%

5.00%

[12]

5.00%

[12]

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Number of investments that changed valuation technique

1

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[1]

The discount rate is the significant unobservable input used in the fair-value measurement of performing credit-oriented investments in which the consolidated funds do not have a controlling interest in the underlying issuer, as well as certain equity investments and real estate loan portfolios. An increase (decrease) in the discount rate would result in a lower (higher) fair-value measurement.

[2]

Multiple of either earnings or underlying assets is the significant unobservable input used in the market approach for the fair-value measurement of distressed credit-oriented investments, credit-oriented investments in which the consolidated funds have a controlling interest in the underlying issuer, equity investments and certain real estate-oriented investments. An increase (decrease) in the multiple would result in a higher (lower) fair-value measurement.

[3]

The significant unobservable inputs used in the fair-value measurement of real estate investments utilizing a discounted cash flow analysis can include one or more of the following: discount rate, terminal capitalization rate, direct capitalization rate, net operating income growth rate or absorption rate. An increase (decrease) in a discount rate, terminal capitalization rate or direct capitalization rate would result in a lower (higher) fair-value measurement. An increase (decrease) in a net operating income growth rate or absorption rate would result in a higher (lower) fair-value measurement. Generally, a change in a net operating income growth rate or absorption rate would be accompanied by a directionally similar change in the discount rate.

[4]

A discounted cash-flow method is generally used to value performing credit-oriented investments in which the consolidated funds do not have a controlling interest in the underlying issuer, as well as certain equity investments, real estate-oriented investments and real estate loan portfolios.

[5]

Earnings multiples are based on comparable public companies and transactions with comparable companies. The Company typically utilizes multiples of EBITDA; however, in certain cases the Company may use other earnings multiples believed to be most relevant to the investment. The Company typically applies the multiple to trailing-twelve months' EBITDA. However, in certain cases other earnings measures, such as pro forma EBITDA, may be utilized if deemed to be more relevant.

[6]

A market approach is generally used to value distressed investments and investments in which the consolidated funds have a controlling interest in the underlying issuer.

[7]

Certain investments are valued based on recent transactions, generally defined as investments purchased or sold within six months of the valuation date. The fair value may also be based on a pending transaction expected to close after the valuation date.

[8]

Certain investments are valued using quoted prices for the subject or similar securities. Generally, investments valued in this manner are classified as Level III because the quoted prices may be indicative in nature for securities that are in an inactive market, may be for similar securities, or may require adjustment for investment-specific factors or restrictions.

[9]

A market approach using the value of underlying assets utilizes a multiple, based on comparable companies, of underlying assets or the net book value of the portfolio company. The Company typically obtains the value of underlying assets from the underlying portfolio company's financial statements or from pricing vendors. The Company may value the underlying assets by using prices and other relevant information from market transactions involving comparable assets.

[10]

The sales approach uses prices and other relevant information generated by market transactions involving comparable assets. The significant unobservable inputs used in the sales approach generally include adjustments to transactions involving comparable assets or properties, adjustments to external or internal appraised values, and the Company's assumptions regarding market trends or other relevant factors.

[11]

The discounted cash flow model for certain real estate-oriented investments and certain real estate loan portfolios contains a sell-out analysis. In these cases, the discounted cash flow is based on the expected timing and prices of sales of the underlying properties. The Company's determination of the sales prices of these properties typically includes consideration of prices and other relevant information from market transactions involving comparable properties.

[12]

The weighted average is based on the fair value of the investments included in the range.

HEDGES_AND_OTHER_DERIVATIVE_IN2

HEDGES AND OTHER DERIVATIVE INSTRUMENTS - Additional Information (Detail) (USD $)

1 Months Ended

1 Months Ended

1 Months Ended

Feb. 28, 2014

Mar. 31, 2014

Dec. 31, 2013

Feb. 28, 2014

Feb. 28, 2014

Aug. 31, 2013

Mar. 31, 2014

Jan. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Jan. 31, 2013

Feb. 28, 2014

Oaktree CLO 2014-1 Ltd.

Not Designated as Hedging Instrument

Not Designated as Hedging Instrument

Not Designated as Hedging Instrument

Cash Flow Hedging

Cash Flow Hedging

Cash Flow Hedging

Cash Flow Hedging

Senior Loans

Fair Value Hedging

Fair Value Hedging

Fair Value Hedging

Interest Rate Swap

Designated as Hedging Instrument

Designated as Hedging Instrument

Designated as Hedging Instrument

Total-return swaps

Total-return swaps

Total-return swaps

Interest Rate Swap

Interest Rate Swap

Interest Rate Swap

agreement

agreement

Derivatives And Hedging Activities [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Notional value of interest-rate swaps

'

'

'

'

'

'

'

$175,000,000

'

'

$168,800,000

'

Contract amount

'

'

'

'

'

200,000,000

189,089,000

'

371,300,000

378,800,000

'

'

Number of interest-rate swaps (in agreements)

'

'

'

'

'

'

'

'

2

2

'

'

Average remaining maturity (in years)

'

'

'

'

'

'2 years

'

'

'

'

'

'

Collateral, right to reclaim cash

'

'

'

'

'

50,000,000

'

'

'

'

'

'

Due from counter party

'

'

'

'

5,700,000

'

'

'

'

'

'

'

Proceeds Used for Funding, Cash

'

'

'

'

'

'

'

'

'

'

'

450,000,000

Proceeds from issuance of senior loans

'

'

'

'

'

'

'

'

'

'

'

456,000,000

Debt Issuance Cost

'

'

'

'

'

'

'

'

'

'

'

6,000,000

Realized gains

'

'

'

'

7,100,000

'

'

'

'

'

'

'

Cash received on closing position

'

'

'

'

1,400,000

'

'

'

'

'

'

'

Total investments, at fair value

312,900,000

42,527,164,000

39,911,888,000

'

'

'

'

'

'

'

'

'

Interest receivable

1,000,000

'

'

'

'

'

'

'

'

'

'

'

Cash payments

258,200,000

'

'

'

'

'

'

'

'

'

'

'

Portion funded by the Company

'

'

'

$60,200,000

'

'

'

'

'

'

'

'

HEDGES_AND_OTHER_DERIVATIVE_IN3

HEDGES AND OTHER DERIVATIVE INSTRUMENTS - Summary of Net Forward Currency Sell Contracts Under Freestanding Derivatives (Detail) (Not Designated as Hedging Instrument, Foreign Currency Forward Sell Contracts)

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

USD ($)

USD ($)

Euro

Euro

Euro

Euro

Euro

Euro

Euro

Euro

USD

USD

USD

USD

USD

USD

GBP

GBP

GBP

GBP

Japanese Yen

Japanese Yen

Japanese Yen

Japanese Yen

Japanese Yen

Japanese Yen

Japanese Yen

Japanese Yen

USD ($)

USD ($)

EUR (€)

EUR (€)

Minimum

Minimum

Maximum

Maximum

USD ($)

USD ($)

Minimum

Minimum

Maximum

Maximum

USD ($)

USD ($)

GBP (£)

GBP (£)

USD ($)

USD ($)

JPY (¥)

JPY (¥)

Minimum

Minimum

Maximum

Maximum

Derivative [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Contract amount

$316,674

$276,070

$201,266

$153,959

€ 149,055

€ 115,685

'

'

'

'

$53,498

$54,361

'

'

'

'

$4,643

$4,643

£ 3,000

£ 3,000

$57,267

$63,107

¥ 5,745,650

¥ 6,261,700

'

'

'

'

Market Value in U.S. Dollars

317,958

274,318

205,319

159,485

'

'

'

'

'

'

51,907

50,286

'

'

'

'

5,001

4,966

'

'

55,731

59,581

'

'

'

'

'

'

Net Unrealized Appreciation (Depreciation)

($1,284)

$1,752

($4,053)

($5,526)

'

'

'

'

'

'

$1,591

$4,075

'

'

'

'

($358)

($323)

'

'

$1,536

$3,526

'

'

'

'

'

'

Expiration date

'

'

'

'

'

'

8-Apr-14

8-Jan-14

8-Jan-15

31-Oct-14

'

'

8-Apr-14

8-Jan-14

30-Jan-15

30-Sep-14

30-Apr-14

30-Apr-14

'

'

'

'

'

'

30-Apr-14

31-Jan-14

30-Jan-15

30-Jan-15

HEDGES_AND_OTHER_DERIVATIVE_IN4

HEDGES AND OTHER DERIVATIVE INSTRUMENTS - Fair Value of the Total-return Swap (Details) (Not Designated as Hedging Instrument, Fair Value Hedging, Total-return swaps, USD $)	Mar. 31, 2014	Aug. 31, 2013
In Thousands, unless otherwise specified
Not Designated as Hedging Instrument | Fair Value Hedging | Total-return swaps	'	'
Derivative [Line Items]	'	'
Notional	$189,089	$200,000
Fair Value	$4,515	'

HEDGES_AND_OTHER_DERIVATIVE_IN5

HEDGES AND OTHER DERIVATIVE INSTRUMENTS - Summary of Impact of Freestanding Derivative Instruments on Condensed Consolidated Statement of Operations (Detail) (Not Designated as Hedging Instrument, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Foreign currency forward contracts	'		'
Derivative Instruments, Gain (Loss) [Line Items]	'		'
Gains and losses from freestanding derivative instruments	($1,491)	[1]	$4,359	[1]
Total-return swaps	'		'
Derivative Instruments, Gain (Loss) [Line Items]	'		'
Gains and losses from freestanding derivative instruments	$2,554		$0
[1]	To the extent that the Company's freestanding derivatives are utilized to hedge its exposure to investment income and management fees earned from consolidated funds, the related hedged items are eliminated in consolidation, with the derivative impact (a positive number reflects a reduction of expenses) reflected in consolidated general and administrative expenses.

HEDGES_AND_OTHER_DERIVATIVE_IN6

HEDGES AND OTHER DERIVATIVE INSTRUMENTS - Impact of Derivative Instruments Held by Consolidated Funds on Condensed Consolidated Statements of Operations (Detail) (Not Designated as Hedging Instrument, Consolidated Funds, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Derivatives, Fair Value [Line Items]	'	'
Net Realized Gain (Loss) on Investments	($63,972)	($38,859)
Net Change in Unrealized Appreciation (Depreciation) on Investments	-4,844	165,967
Foreign currency forward contracts	'	'
Derivatives, Fair Value [Line Items]	'	'
Net Realized Gain (Loss) on Investments	-56,976	-35,989
Net Change in Unrealized Appreciation (Depreciation) on Investments	-168	147,889
Total-return, credit-default and interest-rate swaps	'	'
Derivatives, Fair Value [Line Items]	'	'
Net Realized Gain (Loss) on Investments	-102	2,327
Net Change in Unrealized Appreciation (Depreciation) on Investments	7,419	12,992
Options and futures	'	'
Derivatives, Fair Value [Line Items]	'	'
Net Realized Gain (Loss) on Investments	-6,894	-5,197
Net Change in Unrealized Appreciation (Depreciation) on Investments	-10,057	5,086
Swaptions	'	'
Derivatives, Fair Value [Line Items]	'	'
Net Realized Gain (Loss) on Investments	0	0
Net Change in Unrealized Appreciation (Depreciation) on Investments	($2,038)	$0

HEDGES_AND_OTHER_DERIVATIVE_IN7

HEDGES AND OTHER DERIVATIVE INSTRUMENTS - Balance Sheet Offsetting (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts of Assets	$90,394	$107,345
Gross Amounts Offset in Assets	0	0
Gross Amounts Not Offset in Statements of Financial Condition	0	0
Derivative Assets, Net Amount	53,721	68,364
Gross Amounts of Liabilities	-135,290	-160,192
Gross Amounts Offset in Liabilities	0	0
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	-8,739	-19,008
Derivative Liabilities, Net Amount	-89,878	-102,203
Assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-90,394	-107,345
Gross Amounts Not Offset in Statements of Financial Condition	36,673	38,981
Liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-135,290	-160,192
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	-36,673	-38,981
Oaktree Capital Group, LLC	'	'
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts of Assets	'	12,408
Gross Amounts Offset in Assets	'	0
Gross Amounts Not Offset in Statements of Financial Condition	'	0
Derivative Assets, Net Amount	'	6,457
Gross Amounts of Liabilities	-9,571	-10,312
Gross Amounts Offset in Liabilities	0	0
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	0	0
Derivative Liabilities, Net Amount	-6,737	-4,361
Oaktree Capital Group, LLC | Assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	'	-12,408
Gross Amounts Not Offset in Statements of Financial Condition	'	5,951
Oaktree Capital Group, LLC | Liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-9,571	-10,312
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	-2,834	-5,951
Oaktree Capital Group, LLC | Foreign currency forward contracts	'	'
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts of Assets	3,506	7,893
Gross Amounts Offset in Assets	0	0
Gross Amounts Not Offset in Statements of Financial Condition	0	0
Derivative Assets, Net Amount	672	1,942
Gross Amounts of Liabilities	-4,790	-6,141
Gross Amounts Offset in Liabilities	0	0
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	0	0
Derivative Liabilities, Net Amount	-1,353	-1,675
Oaktree Capital Group, LLC | Foreign currency forward contracts | Assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-3,506	-7,893
Gross Amounts Not Offset in Statements of Financial Condition	2,834	5,951
Oaktree Capital Group, LLC | Foreign currency forward contracts | Liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-4,790	-6,141
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	-3,437	-4,466
Oaktree Capital Group, LLC | Total-return swaps	'	'
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts of Assets	'	4,515
Gross Amounts Offset in Assets	'	0
Gross Amounts Not Offset in Statements of Financial Condition	'	0
Derivative Assets, Net Amount	'	4,515
Oaktree Capital Group, LLC | Total-return swaps | Assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	'	-4,515
Gross Amounts Not Offset in Statements of Financial Condition	'	0
Oaktree Capital Group, LLC | Interest-rate swaps	'	'
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts of Liabilities	-4,781	-4,171
Gross Amounts Offset in Liabilities	0	0
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	0	0
Derivative Liabilities, Net Amount	-5,384	-2,686
Oaktree Capital Group, LLC | Interest-rate swaps | Liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-4,781	-4,171
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	603	-1,485
Consolidated Funds	'	'
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts of Assets	86,888	94,937
Gross Amounts Offset in Assets	0	0
Gross Amounts Not Offset in Statements of Financial Condition	0	0
Derivative Assets, Net Amount	53,049	61,907
Gross Amounts of Liabilities	-125,719	-149,880
Gross Amounts Offset in Liabilities	0	0
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	-8,739	-19,008
Derivative Liabilities, Net Amount	-83,141	-97,842
Consolidated Funds | Assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-86,888	-94,937
Gross Amounts Not Offset in Statements of Financial Condition	33,839	33,030
Consolidated Funds | Liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-125,719	-149,880
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	-33,839	-33,030
Consolidated Funds | Foreign currency forward contracts	'	'
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts of Assets	16,163	51,765
Gross Amounts Offset in Assets	0	0
Gross Amounts Not Offset in Statements of Financial Condition	0	0
Derivative Assets, Net Amount	1,252	20,542
Gross Amounts of Liabilities	-98,580	-135,246
Gross Amounts Offset in Liabilities	0	0
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	-2,562	-11,583
Derivative Liabilities, Net Amount	-80,295	-92,440
Consolidated Funds | Foreign currency forward contracts | Assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-16,163	-51,765
Gross Amounts Not Offset in Statements of Financial Condition	14,911	31,223
Consolidated Funds | Foreign currency forward contracts | Liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-98,580	-135,246
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	-15,723	-31,223
Consolidated Funds | Total-return, credit-default and interest-rate swaps	'	'
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts of Assets	30,015	18,318
Gross Amounts Offset in Assets	0	0
Gross Amounts Not Offset in Statements of Financial Condition	0	0
Derivative Assets, Net Amount	29,006	17,835
Gross Amounts of Liabilities	-9,665	-7,096
Gross Amounts Offset in Liabilities	0	0
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	-4,383	-4,358
Derivative Liabilities, Net Amount	-2,846	-2,255
Consolidated Funds | Total-return, credit-default and interest-rate swaps | Assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-30,015	-18,318
Gross Amounts Not Offset in Statements of Financial Condition	1,009	483
Consolidated Funds | Total-return, credit-default and interest-rate swaps | Liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-9,665	-7,096
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	-2,436	-483
Consolidated Funds | Options and futures	'	'
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts of Assets	36,069	18,138
Gross Amounts Offset in Assets	0	0
Gross Amounts Not Offset in Statements of Financial Condition	0	0
Derivative Assets, Net Amount	19,435	18,138
Gross Amounts of Liabilities	-16,189	-6,214
Gross Amounts Offset in Liabilities	0	0
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	-1,794	-3,067
Derivative Liabilities, Net Amount	0	-3,147
Consolidated Funds | Options and futures | Assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-36,069	-18,138
Gross Amounts Not Offset in Statements of Financial Condition	16,634	0
Consolidated Funds | Options and futures | Liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-16,189	-6,214
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	-14,395	0
Consolidated Funds | Swaptions	'	'
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts of Assets	4,641	6,716
Gross Amounts Offset in Assets	0	0
Gross Amounts Not Offset in Statements of Financial Condition	0	0
Derivative Assets, Net Amount	3,356	5,392
Gross Amounts of Liabilities	-1,285	-1,324
Gross Amounts Offset in Liabilities	0	0
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	0	0
Derivative Liabilities, Net Amount	0	0
Consolidated Funds | Swaptions | Assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-4,641	-6,716
Gross Amounts Not Offset in Statements of Financial Condition	1,285	1,324
Consolidated Funds | Swaptions | Liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets, Net Amounts of Assets (Liabilities) Presented	-1,285	-1,324
Derivative Liabilities, Gross Amounts Not Offset in Statements of Financial Condition	($1,285)	($1,324)

DEBT_OBLIGATIONS_AND_CREDIT_FA2

DEBT OBLIGATIONS AND CREDIT FACILITIES - Debt Obligations (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]	'	'
Debt obligations	$610,714,000	$579,464,000
5.03%	'	'
Debt Instrument [Line Items]	'	'
Debt obligations	10,714,000	10,714,000
6.09%	'	'
Debt Instrument [Line Items]	'	'
Debt obligations	50,000,000	50,000,000
5.82%	'	'
Debt Instrument [Line Items]	'	'
Debt obligations	50,000,000	50,000,000
6.75%	'	'
Debt Instrument [Line Items]	'	'
Debt obligations	250,000,000	250,000,000
2.50%	'	'
Debt Instrument [Line Items]	'	'
Debt obligations	0	218,750,000
Term Loan, Variable Rate	'	'
Debt Instrument [Line Items]	'	'
Debt obligations	$250,000,000	$0

DEBT_OBLIGATIONS_AND_CREDIT_FA3

DEBT OBLIGATIONS AND CREDIT FACILITIES - Debt Obligations (Parenthetical) (Detail) (USD $)	3 Months Ended
	Mar. 31, 2014
5.03%	'
Debt Instrument [Line Items]	'
Face Amount	$75,000,000
Stated percentage (as a percent)	5.03%
Offering date	30-Jun-04
Date of first annual installment	14-Jun-08
6.09%	'
Debt Instrument [Line Items]	'
Face Amount	50,000,000
Stated percentage (as a percent)	6.09%
Maturity date	6-Jun-16
Offering date	30-Jun-06
5.82%	'
Debt Instrument [Line Items]	'
Face Amount	50,000,000
Stated percentage (as a percent)	5.82%
Maturity date	8-Nov-16
Offering date	30-Nov-06
6.75%	'
Debt Instrument [Line Items]	'
Face Amount	250,000,000
Stated percentage (as a percent)	6.75%
Maturity date	2-Dec-19
Offering date	30-Nov-09
2.50%	'
Debt Instrument [Line Items]	'
Face Amount	250,000,000
Loan amortization rate (as a percent)	2.50%
Maturity date	21-Dec-17
Offering date	31-Dec-12
Final principal payment	125,000,000
Term Loan, Variable Rate	'
Debt Instrument [Line Items]	'
Face Amount	$250,000,000
Maturity date	31-Mar-19
Offering date	31-Mar-14

DEBT_OBLIGATIONS_AND_CREDIT_FA4

DEBT OBLIGATIONS AND CREDIT FACILITIES - Future Principal Payments of Debt Obligations (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Disclosure [Abstract]	'	'
Remainder of 2014	$10,714	'
2015	0	'
2016	100,000	'
2017	0	'
2018	0	'
Thereafter	500,000	'
Total	$610,714	$579,464

DEBT_OBLIGATIONS_AND_CREDIT_FA5

DEBT OBLIGATIONS AND CREDIT FACILITIES - Additional Information (Detail) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Senior Unsecured Credit Facility

Consolidated Funds

Consolidated Funds

2.50%

2.50%

2.50%

Old Line of Credit Facility

2.22%

Senior Unsecured Credit Facilities

Senior Unsecured Credit Facilities

Numerator

Denominator

Level III

Level III

Minimum

Maximum

Revolving Credit Facility

Senior Notes

Senior Unsecured Credit Facility

Senior Unsecured Credit Facility

Senior Unsecured Credit Facility

Revolving Credit Facility

Discounted cash flow

Discounted cash flow

Level III

Level III

Consolidated Funds

Consolidated Funds

Senior Notes

Senior Notes

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt obligation, fair value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$662,300,000

$611,100,000

'

'

Average borrowing rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.30%

3.20%

'

'

Percentage increase in average borrowing rate assumption that would decrease fair value of debt obligation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

Fair value of debt obligation decrease in value due to increase in average borrowing rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

656,500,000

'

'

'

Percentage decrease in average borrowing rate assumption that would increase fair value of debt obligation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

Fair value of debt obligation increase in value due to decrease in average borrowing rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

668,400,000

'

'

'

Face amount

'

'

'

'

'

250,000,000

'

250,000,000

'

'

'

'

'

'

'

'

'

'

Credit agreement

'

'

'

500,000,000

'

'

'

'

'

'

'

500,000,000

'

'

'

'

'

'

Line of credit facility term (in years)

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'

'

'

Debt obligations

610,714,000

579,464,000

'

'

'

250,000,000

0

'

218,800,000

'

'

'

'

'

'

'

'

'

LIBOR margin (as a percent)

'

'

'

1.60%

[1]

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

Commitment fee payable on unused funds (as a percent)

'

'

'

'

'

'

'

'

'

'

0.13%

'

'

'

'

'

'

'

Fixed interest rate as a result of interest rate swap (as a percent)

'

'

'

'

'

'

'

2.69%

'

2.22%

'

'

'

'

'

'

'

'

Maximum leverage ratio

'

'

'

'

'

'

'

'

'

'

'

'

3

1

'

'

'

'

Minimum required levels of assets under management for credit facilities

'

'

$50,000,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Term (in years)

'

'

'

'

'10 years

'

'

'

'

'

'

'

'

'

'

'

'

'

Discount rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.60%

1.80%

[1]

The facilities bear interest, at the borrower's option, at (a)B an annual rate of LIBOR plus the applicable margin or (b)B an alternate base rate, as defined in the respective credit agreement.

DEBT_OBLIGATIONS_AND_CREDIT_FA6

DEBT OBLIGATIONS AND CREDIT FACILITIES - Revolving Bank Credit Facilities and Term Loans Outstanding of Consolidated Funds (Detail) (Consolidated Funds, USD $)	3 Months Ended
	Mar. 31, 2014		Dec. 31, 2013
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	$3,118,713,000		$2,297,181,000
Credit Facilities	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	434,000,000	[1]	434,000,000	[1]
Facility Capacity	435,000,000	[1]	'
LIBOR margin (as a percent)	1.45%	[1],[2]	'
Maturity	14-Nov-18	[1]	'
Variable Rate Notes	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	249,500,000	[1]	249,500,000	[1]
Facility Capacity	249,500,000	[1]	'
LIBOR margin (as a percent)	1.55%	[1],[2]	'
Maturity	20-Oct-22	[1]	'
Variable Rate Notes 1	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	499,017,000	[1]	498,916,000	[1]
Facility Capacity	500,000,000	[1]	'
LIBOR margin (as a percent)	1.20%	[1],[2]	'
Maturity	20-Apr-23	[1]	'
Variable Rate Notes 2	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	402,387,000	[1]	402,375,000	[1]
Facility Capacity	402,500,000	[1]	'
LIBOR margin (as a percent)	1.20%	[1],[2]	'
Maturity	20-Jul-23	[1]	'
Variable Rate Notes 3	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	64,500,000	[1]	64,500,000	[1]
Facility Capacity	64,500,000	[1]	'
LIBOR margin (as a percent)	1.65%	[1],[2]	'
Maturity	20-Jul-23	[1]	'
Revolving Credit Facility	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	300,000,000		400,000,000
Facility Capacity	500,000,000		'
LIBOR margin (as a percent)	1.60%	[2]	'
Maturity	26-Jun-15		'
Commitment Fee Rate (as a percent)	0.25%		'
Revolving Credit Facility 1	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	0		67,000,000
Facility Capacity	180,000,000		'
LIBOR margin (as a percent)	1.75%	[2]	'
Maturity	15-Dec-14		'
Commitment Fee Rate (as a percent)	0.35%		'
Revolving Credit Facility 2	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	0		0
Facility Capacity	125,000,000		'
LIBOR margin (as a percent)	1.75%	[2]	'
Maturity	20-May-14		'
Commitment Fee Rate (as a percent)	0.35%		'
Revolving Credit Facility 3	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	0		0
Facility Capacity	55,000,000		'
LIBOR margin (as a percent)	2.00%	[2]	'
Maturity	15-Dec-15		'
Commitment Fee Rate (as a percent)	0.35%		'
L/C fee	2.00%	[3]	'
Revolving Credit Facility 4	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	0		0
Facility Capacity	40,000,000		'
LIBOR margin (as a percent)	1.50%	[2]	'
Maturity	5-Dec-14		'
Commitment Fee Rate (as a percent)	0.30%		'
L/C fee	1.50%	[3]	'
Euro denominated revolving credit facility 1	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	647,481,000		13,090,000
Facility Capacity	550,000,000		'
LIBOR margin (as a percent)	1.65%	[2]	'
Maturity	25-Feb-16		'
Commitment Fee Rate (as a percent)	0.25%		'
L/C fee	1.65%	[3]	'
Euro Denominated Revolving Credit Facility 2	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	37,213,000		0
Facility Capacity	100,000,000		'
LIBOR margin (as a percent)	1.95%	[2]	'
Maturity	2-Feb-16		'
Commitment Fee Rate (as a percent)	0.40%		'
L/C fee	1.95%	[3]	'
Revolving Credit Facility 5	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	0		2,800,000
Facility Capacity	10,000,000		'
LIBOR margin (as a percent)	2.25%	[2]	'
Maturity	1-Sep-14		'
Commitment Fee Rate (as a percent)	0.38%		'
Revolving Credit Facility 6	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	245,000,000		165,000,000
Facility Capacity	350,000,000		'
LIBOR margin (as a percent)	1.65%	[2]	'
Maturity	22-Mar-15		'
Commitment Fee Rate (as a percent)	0.25%		'
Revolving Credit Facility 7	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	24,500,000		0
Facility Capacity	150,000,000		'
LIBOR margin (as a percent)	1.60%	[2]	'
Maturity	16-Jan-17		'
Commitment Fee Rate (as a percent)	0.25%		'
L/C fee	1.60%	[3]	'
Revolving Credit Facility 9	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	13,600,000		0
Facility Capacity	30,000,000		'
LIBOR margin (as a percent)	1.50%	[2]	'
Maturity	11-Dec-15		'
Commitment Fee Rate (as a percent)	0.20%		'
Standby Letters of Credit	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding standby letters of credit	55,546,000		55,954,000
Credit facility	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	201,515,000	[4]	0	[4]
Facility Capacity	201,515,000	[4]	'
LIBOR margin (as a percent)	2.12%	[2],[4]	'
March 11, 2015 | Credit facility	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	166,700,000	[4]	'
February 11, 2016 | Credit facility	'		'
Line of Credit Facility [Line Items]	'		'
Outstanding Amount	$34,800,000	[4]	'
[1]	The credit facility was collateralized by the portfolio investments and cash and cash-equivalents of the fund.
[2]	The facilities bear interest, at the borrower's option, at (a)B an annual rate of LIBOR plus the applicable margin or (b)B an alternate base rate, as defined in the respective credit agreement.
[3]	Certain facilities allow for the issuance of letters of credit at an applicable annual fee. As of March 31, 2014 and December 31, 2013, outstanding standby letters of credit totaled $55,546 and $55,954, respectively.
[4]	The credit facility was collateralized by specific investments of the fund. Of the total balance outstanding, $166.7 million matures on March 11, 2015 and the remaining $34.8 million matures on February 11, 2016.

DEBT_OBLIGATIONS_AND_CREDIT_FA7

DEBT OBLIGATIONS AND CREDIT FACILITIES - Collateralized Loan Obligation Loans Payable (Details) (Consolidated Funds)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

USD ($)

USD ($)

Senior variable rate notes 2

Senior variable rate notes 2

Collateralized Loan Obligations

Collateralized Loan Obligations

Collateralized Loan Obligations

Collateralized Loan Obligations

Collateralized Loan Obligations

Collateralized Loan Obligations

Collateralized Loan Obligations

Collateralized Loan Obligations

Collateralized Loan Obligations

Collateralized Loan Obligations

Collateralized Loan Obligations

Collateralized Loan Obligations

Collateralized Loan Obligations

Collateralized Loan Obligations

Collateralized Loan Obligations

Minimum

Maximum

USD ($)

Fair Value

Senior variable rate notes 1

Senior variable rate notes 1

Senior variable rate notes 1

Senior variable rate notes 1

Senior variable rate notes 2

Senior variable rate notes 2

Senior variable rate notes 2

Senior variable rate notes 2

Term loan

Term loan

Term loan

Term loan

Term loan

USD ($)

USD ($)

USD ($)

Fair Value

Fair Value

USD ($)

USD ($)

Fair Value

Fair Value

USD ($)

USD ($)

Fair Value

Fair Value

Fair Value

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

EUR (€)

USD ($)

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Collateralized loan obligation loans payable

$497,649,000

$0

'

'

$497,649,000

$497,649,000

[1]

$456,075,000

[2]

$0

[2]

$456,075,000

[1],[2]

$0

[2]

$20,900,000

[3]

$0

[3]

$20,900,000

[1],[3]

$0

[3]

$20,674,000

[4]

$0

[4]

$20,674,000

[1],[4]

'

$0

[4]

Weighted Average Interest Rate (as a percent)

'

'

'

'

'

'

2.25%

[2]

'

'

'

2.55%

[3]

'

'

'

1.83%

[4]

'

'

'

'

Weighted Average Remaining Maturity (in years)

'

'

'

'

'

'

'11 years 0 months

[2]

'

'

'

'4 years 9 months 18 days

[3]

'

'

'

'1 year 4 months

[4]

'

'

'

'

Facility Capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

140,000,000

'

LIBOR or Euribor margin (as a percent)

'

'

'

'

'

'

'

'

2.01%

'

'

'

'

'

'

'

1.40%

1.40%

'

Unused commitment fee (as a percent)

'

'

0.00%

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

0.30%

0.30%

'

Assets backing the obligation

$1,000,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

The carrying value approximates fair value due to the short-term nature or recent issuance date. The debt obligations of the CLOs are Level III valuations and were valued using a discounted cash-flow analysis.

[2]

The interest rate was LIBOR plus 2.01%.

[3]

The interest rate was LIBOR plus a margin determined based on a formula as defined in the respective borrowing agreements, which incorporate different borrowing values based on the characteristics of collateral investments purchased. The weighted average unused commitment fee rate ranged from 0% to 2.0%.

[4]

The term loan had a total facility capacity of €140 million as of March 31, 2014. The interest rate was EURIBOR plus 1.40% and the unused commitment fee was 0.30%.

DEBT_OBLIGATIONS_AND_CREDIT_FA8

DEBT OBLIGATIONS AND CREDIT FACILITIES - Future Principal Payments with Respect to the CLO Loans Payable (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]	'	'
Remainder of 2014	$10,714,000	'
2015	0	'
2016	100,000,000	'
2017	0	'
2018	0	'
Thereafter	500,000,000	'
Debt obligations	610,714,000	579,464,000
Collateralized Loan Obligations | Consolidated Funds | CLO	'	'
Debt Instrument [Line Items]	'	'
Remainder of 2014	0	'
2015	20,674,000	'
2016	0	'
2017	0	'
2018	0	'
Thereafter	476,975,000	'
Debt obligations	$497,649,000	'

NONCONTROLLING_REDEEMABLE_INTE2

NON-CONTROLLING REDEEMABLE INTERESTS IN CONSOLIDATED FUNDS - Summary of Changes in Non-controlling Redeemable Interests in Consolidated Funds (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Non-Controlling Redeemable Interests in Consolidated Funds [Roll Forward]	'	'
Beginning balance	$38,834,831	$39,670,831
Contributions	1,971,832	1,614,894
Distributions	-2,092,259	-3,256,759
Net income	1,324,832	2,063,965
Change in distributions payable	109,025	105,089
Foreign currency translation and other	2,461	-97,875
Ending balance	$40,150,722	$40,100,145

UNITHOLDERS_CAPITAL_Additional

UNITHOLDERS' CAPITAL - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
In Thousands, except Share data, unless otherwise specified
Class of Stock [Line Items]	'	'	'	'
OCGH non-controlling interest in consolidated subsidiaries	$1,766,187	$1,708,378	$1,531,866	$1,393,893
OCGH	'	'	'	'
Class of Stock [Line Items]	'	'	'	'
Unitholders' capital (in shares)	109,203,939	112,584,211	'	'
OCGH non-controlling interest in consolidated subsidiaries	1,212,862	1,234,169	'	'
Oaktree Operating Group	'	'	'	'
Class of Stock [Line Items]	'	'	'	'
Total Oaktree Operating Group units (in shares)	152,683,609	151,056,717	'	'
OCGH non-controlling interest in consolidated subsidiaries	$1,695,765	$1,655,911	'	'

UNITHOLDERS_CAPITAL_Summary_of

UNITHOLDERS' CAPITAL - Summary of Net Income (Loss) (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Weighted average Oaktree Operating Group units outstanding (in thousands):	'		'
Weighted average number of Class A units outstanding (in shares)	39,700		30,186
Oaktree Operating Group net income:	'		'
Oaktree Operating Group net income:	$1,540,184		$2,383,548
Net income (loss) attributable to Oaktree Capital Group, LLC:	'		'
Income tax expense of Intermediate Holding Companies	-7,986	[1]	-10,157	[1]
Net income attributable to Oaktree Capital Group, LLC	51,794		57,566
OCGH non-controlling interest	'		'
Weighted average Oaktree Operating Group units outstanding (in thousands):	'		'
Weighted average number of Class A units outstanding (in shares)	112,571		120,628
Oaktree Operating Group net income:	'		'
Oaktree Operating Group net income:	163,558		262,017
Class A Units	'		'
Weighted average Oaktree Operating Group units outstanding (in thousands):	'		'
Weighted average number of Class A units outstanding (in shares)	39,700		30,186
Oaktree Operating Group net income:	'		'
Oaktree Operating Group net income:	57,682		65,569
Oaktree Operating Group	'		'
Weighted average Oaktree Operating Group units outstanding (in thousands):	'		'
Weighted average number of Class A units outstanding (in shares)	152,271		150,814
Oaktree Operating Group net income:	'		'
Oaktree Operating Group net income:	221,240		327,586
Oaktree Capital Group, LLC	'		'
Net income (loss) attributable to Oaktree Capital Group, LLC:	'		'
Oaktree Operating Group net income attributable to Class A unitholders	57,682		65,569
Non-Operating Group expenses	-282		-210
Income tax expense of Intermediate Holding Companies	-5,606		-7,793
Net income attributable to Oaktree Capital Group, LLC	$51,794		$57,566
[1]	Because adjusted net income is a pre-tax measure, this adjustment eliminates the effect of income tax expense from adjusted net income.

UNITHOLDERS_CAPITAL_Changes_in

UNITHOLDERS' CAPITAL - Changes in Company Ownership Interest (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Stockholders' Equity Note [Abstract]	'	'
Net income attributable to Oaktree Capital Group, LLC	$51,794	$57,566
Equity reallocation between controlling and non-controlling interests	49,098	-887
Change from net income attributable to Oaktree Capital Group, LLC and transfers from (to) non-controlling interest	$100,892	$56,679

UNITHOLDERS_CAPITAL_Offering_D

UNITHOLDERS' CAPITAL - Offering (Details) (Class A Units, USD $)	0 Months Ended	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 10, 2014	Mar. 31, 2014	Mar. 31, 2013
Class A Units	'	'	'
Class of Stock [Line Items]	'	'	'
Issuance of units (in shares)	5,000,000	5,007,000	8,000
Proceeds from issuance of Class A units, net	$296,700	'	'

EARNINGS_PER_UNIT_Computations

EARNINGS PER UNIT - Computations of Net Income (Loss) Per Unit (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Weighted average units outstanding: (in shares)	'		'
Class A units outstanding	39,700		30,186
OCGH units exchangeable into Class A units	0	[1]	0	[1]
Total weighted average units outstanding	39,700		30,186
Net income per Class A unit:	'		'
Net income	$51,794		$57,566
Weighted average number of Class A units outstanding (in shares)	39,700		30,186
Net income per Class A unit (in dollars per share)	$1.30		$1.91
[1]	Vested OCGH units are potentially exchangeable on a one-for-one basis into ClassB A units. As of March 31, 2014, there were 109,203,939 OCGH units outstanding, accordingly, the Company may cumulatively issue up to 109,203,939 additional ClassB A units through MarchB 1, 2024 if all such units were exchanged. For all periods presented, OCGH units have been excluded from the calculation of diluted earnings per unit because the exchange of these units would proportionally increase Oaktree Capital Group, LLCbs interest in the Oaktree Operating Group and could have an anti-dilutive effect on earnings per unit to the extent that tax-related or other expenses were incurred by the Company as a result of the exchange.

EARNINGS_PER_UNIT_Computations1

EARNINGS PER UNIT - Computations of Net Income (Loss) Per Unit (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Line Items]	'
OCGH units represented (in shares)	109,203,939
OCGH Units	'
Earnings Per Share [Line Items]	'
OCGH Issued (in shares)	109,203,939

EQUITYBASED_COMPENSATION_Addit

EQUITY-BASED COMPENSATION - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of units granted (in shares)	1,690,418
Discount from market price (as a percent)	25.00%
Forfeiture rate (as a percent)	1.50%
Unrecognized compensation expense on non-vested equity-based awards	$163.10
Weighted average period of recognition non-vested equity-based awards (in years)	'5 years 2 months 12 days
OCGH Units	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of units granted (in shares)	1,690,418
Class A Units	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of units granted (in shares)	7,164
Restricted Unit Awards	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Weighted average vesting period (in years)	'5 years 1 month 7 days

EQUITYBASED_COMPENSATION_Summa

EQUITY-BASED COMPENSATION - Summary of Unvested Equity-Based Awards and Changes (Detail) (USD $)	3 Months Ended
	Mar. 31, 2014
Number of Units (in shares)	'
Granted	1,690,418
Class A Units	'
Number of Units (in shares)	'
Beginning balance	16,582
Granted	7,164
Vested	-4,412
Forfeited	0
Ending balance	19,334
Weighted Average Grant Date Fair Value (in dollars per share)	'
Beginning balance	45.34
Granted	58.88
Vested	45.16
Forfeited	0
Ending balance	50.4
OCGH Units	'
Number of Units (in shares)	'
Beginning balance	4,465,722
Granted	1,690,418
Vested	-1,027,363
Forfeited	-2,011
Ending balance	5,126,766
Weighted Average Grant Date Fair Value (in dollars per share)	'
Beginning balance	30.3
Granted	44.16
Vested	24.28
Forfeited	27.6
Ending balance	36.08

EQUITYBASED_COMPENSATION_Sched

EQUITY-BASED COMPENSATION - Schedule of Unvested Units Expected to Vest (Detail)	Mar. 31, 2014	Dec. 31, 2013
Class A Units	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Number of Units (in shares)	19,334	16,582
Weighted Average Remaining Service Term (in years)	'3 years 7 months 0 days	'
OCGH Units	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Number of Units (in shares)	5,126,766	4,465,722
Weighted Average Remaining Service Term (in years)	'5 years 2 months 12 days	'

INCOME_TAXES_AND_RELATED_PAYME1

INCOME TAXES AND RELATED PAYMENTS (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
May 2013 Offering	'
Operating Loss Carryforwards [Line Items]	'
Deferred Tax Asset Related to Unitholders under Tax Receivable Agreement	$94
Liability Payments Under Tax Receivable Agreement	80
Adjustment to Unitholders' Equity Related to Tax Receivable Agreement	14
Minimum	'
Operating Loss Carryforwards [Line Items]	'
Unrecognized Tax Benefits, Decreases Resulting from Settlements with Taxing Authorities	8
Maximum	'
Operating Loss Carryforwards [Line Items]	'
Unrecognized Tax Benefits, Decreases Resulting from Settlements with Taxing Authorities	$10

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Detail)

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Feb. 25, 2014

Dec. 31, 2013

Dec. 20, 2012

Feb. 25, 2014

USD ($)

USD ($)

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Revolving Credit Facility

Revolving Credit Facility

Existing Revolving Credit Facility

Existing Revolving Credit Facility

Line of Credit

Line of Credit

Line of Credit

Line of Credit

Line of Credit

USD ($)

USD ($)

Support Provided Pursuant to Contractual Agreements

Support Provided at the Discretion of the Company

Euribor

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Existing Revolving Credit Facility

Financial Support

Financial Support

USD ($)

USD ($)

USD ($)

USD ($)

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

USD ($)

USD ($)

GBP (£)

USD ($)

GBP (£)

GBP (£)

Contingencies And Commitments [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Claims for damages

$800,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accrued incentives (fund level)

2,335,937,000

2,211,979,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Compensation expense related to accrued incentives (fund level)

1,120,414,000

994,879,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Capital commitments

335,800,000

327,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate potential credit and investment commitments

'

'

1,200,000,000

1,300,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Facility Capacity

'

'

'

'

'

'

'

500,000,000

'

180,000,000

'

'

550,000,000

'

200,000,000

130,000,000

Contractual term (in years)

'

'

'

'

'

'

'

'

'

'

'

'3 years

'

'

'

'

Commitment fee payable on unused funds (as a percent)

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

Euribor margin (as a percent)

'

'

'

'

'

'

2.00%

1.60%

[1]

'

1.75%

[1]

'

'

'

'

'

'

Borrowings under credit facilities

'

'

3,118,713,000

2,297,181,000

'

'

'

300,000,000

400,000,000

0

67,000,000

'

'

317,000,000

'

'

Other commitment

'

'

'

'

$366,400,000

$2,600,000,000

'

'

'

'

'

'

'

'

'

'

[1]

The facilities bear interest, at the borrower's option, at (a)B an annual rate of LIBOR plus the applicable margin or (b)B an alternate base rate, as defined in the respective credit agreement.

RELATEDPARTY_TRANSACTIONS_Amou

RELATED-PARTY TRANSACTIONS - Amounts Due from and Due to Affiliates (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Due from affiliates:	'	'
Loans	$41,092	$41,095
Amounts due from non-consolidated funds	870	1,220
Payments made on behalf of non-consolidated entities	4,397	3,272
Non-interest bearing advances made to certain non-controlling interest holders and employees	1,837	2,187
Total due from affiliates	48,196	47,774
Due to affiliates:	'	'
Due to OCGH unitholders in connection with the tax receivable agreement	320,940	240,911
Amounts due to Principals, certain non-controlling interest holders and employees	890	2,075
Total due to affiliates	$321,830	$242,986

RELATEDPARTY_TRANSACTIONS_Addi

RELATED-PARTY TRANSACTIONS - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Due to affiliates	$321,830	'	$242,986
Due from affiliates	48,196	'	47,774
Interest income	568	413	'
Level III	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Due to affiliates	$160,951	'	$123,497
Discounted cash flow | Affiliates | Level III	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Discount rate (as a percent)	10.00%	'	'
Minimum | Discounted cash flow | Affiliates | Level III	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Average interest rate (as a percent)	2.00%	'	'
Maximum | Discounted cash flow | Affiliates | Level III	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Average interest rate (as a percent)	3.00%	'	'

SEGMENT_REPORTING_Adjusted_Net

SEGMENT REPORTING - Adjusted Net Income (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Revenues:	'		'
Management fees	$40,431	[1]	$42,539	[1]
Incentive income	0	[1]	0	[1]
Investment income	4,991	[1]	12,243	[1]
Total revenues	40,431		42,539
Expenses:	'		'
Compensation and benefits	-98,292		-93,715
Equity-based compensation	-9,182		-6,452
Incentive income compensation	-91,494		-130,271
General and administrative	-32,238		-19,741
Depreciation and amortization	-1,921		-1,743
Total expenses	-258,319	[2]	-275,505	[3]
Interest expense, net of interest income	-24,000	[4]	-11,581	[4]
Other income (expense), net	-1,698		-20
Investment Management	'		'
Revenues:	'		'
Management fees	188,400	[1]	184,214	[1]
Incentive income	292,876	[1]	327,184	[1]
Investment income	46,480	[1]	82,050	[1]
Total revenues	527,756		593,448
Expenses:	'		'
Compensation and benefits	-98,194		-93,617
Equity-based compensation	-3,983		-652
Incentive income compensation	-137,828		-130,271
General and administrative	-30,562		-23,988
Depreciation and amortization	-1,921		-1,743
Total expenses	-272,488	[2]	-250,271	[3]
Adjusted net income before interest and other income (expense)	255,268		343,177
Interest expense, net of interest income	-6,625	[4],[5]	-7,407	[4],[5]
Other income (expense), net	-1,698		-20
Adjusted net income	$246,945		$335,750
[1]	The adjustment represents the elimination of amounts attributable to the consolidated funds.
[2]	The expense adjustment consists of (a)B equity-based compensation charges of $5,199 related to unit grants made before the Companybs initial public offering, (b)B consolidated fund expenses of $26,684, (c)B expenses incurred by the Intermediate Holding Companies of $282 and (d) the effect of timing differences in the recognition of incentive income compensation expense between adjusted net income and net income attributable to OCG of $46,334.
[3]	The expense adjustment consists of (a)B equity-based compensation charges of $5,800 related to unit grants made before the Companybs initial public offering, (b)B consolidated fund expenses of $19,224 and (c)B expenses incurred by the Intermediate Holding Companies of $210.
[4]	The interest expense adjustment represents the inclusion of interest expense attributable to non-controlling interests of the consolidated funds and the exclusion of segment interest income.
[5]	Interest income was $1.1 million and $0.6 million for the three months ended March 31, 2014 and 201

SEGMENT_REPORTING_Adjusted_Net1

SEGMENT REPORTING - Adjusted Net Income (Parenthetical) (Detail) (Investment Management, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Investment Management	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Interest income	$1.10	$0.60

SEGMENT_REPORTING_Reconciliati

SEGMENT REPORTING - Reconciliation of Net Income (Loss) Attributable to Oaktree Capital Group, LLC to Adjusted Net Income (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Segment Reporting Information [Line Items]	'		'
Net income attributable to Oaktree Capital Group, LLC	$51,794		$57,566
Incentive income	0	[1]	0	[1]
Incentive income compensation	-91,494		-130,271
Equity-based compensation	9,182		6,452
Income taxes	7,986	[2]	10,157	[2]
Non-Operating Group expenses	282	[3]	210	[3]
OCGH non-controlling interest	163,558	[3]	262,017	[3]
OCGH Units Prior to Initial Public Offering in April 2012	'		'
Segment Reporting Information [Line Items]	'		'
Equity-based compensation	5,199	[4]	5,800	[4]
Adjustments	'		'
Segment Reporting Information [Line Items]	'		'
Net income attributable to Oaktree Capital Group, LLC	-195,151		-278,184
Incentive income	64,460	[5]	0	[5]
Incentive income	-292,876	[1]	-327,184	[1]
Incentive income compensation	-46,334	[5]	0	[5]
Income taxes	7,986		10,157
OCGH non-controlling interest	163,558		262,017
Investment Management	'		'
Segment Reporting Information [Line Items]	'		'
Net income attributable to Oaktree Capital Group, LLC	246,945		335,750
Incentive income	292,876	[1]	327,184	[1]
Incentive income compensation	-137,828		-130,271
Equity-based compensation	3,983		652
Income taxes	0		0
OCGH non-controlling interest	0		0
Adjusted net income	$246,945		$335,750
[1]	The adjustment represents the elimination of amounts attributable to the consolidated funds.
[2]	Because adjusted net income is a pre-tax measure, this adjustment eliminates the effect of income tax expense from adjusted net income.
[3]	Because adjusted net income is calculated at the Operating Group level, this adjustment adds back the effect of items applicable to OCG, its Intermediate Holding Companies or the OCGH non-controlling interest.
[4]	This adjustment adds back the effect of equity-based compensation charges related to unit grants made before the Companybs initial public offering, which is excluded from adjusted net income because it is a non-cash charge that does not affect the Company's financial position.
[5]	This adjustment adds back the effect of timing differences associated with the recognition of incentive income and incentive income compensation expense between adjusted net income and net income attributable to OCG. There were no adjustments attributable to timing differences for the three months ended March 31, 2013.

SEGMENT_REPORTING_Schedule_of_

SEGMENT REPORTING - Schedule of Reconciliation of Total Segments to Income Loss Attributable to Oaktree Capital Group, LLC and Total Assets (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013		Dec. 31, 2013
Segment Reporting, Asset Reconciling Item [Line Items]	'		'		'
Management fees	$40,431	[1]	$42,539	[1]	'
Incentive income	0	[1]	0	[1]	'
Investment income	4,991	[1]	12,243	[1]	'
Total expenses	-258,319	[2]	-275,505	[3]	'
Interest expense	-24,000	[4]	-11,581	[4]	'
Other income, net	-1,698		-20		'
Other income of consolidated funds	1,786,765	[5]	2,626,029	[5]	'
Income taxes	-7,986	[6]	-10,157	[6]	'
Net income attributable to non-controlling redeemable interests in consolidated funds	-1,324,832		-2,063,965		'
Net income attributable to OCGH non-controlling interest in consolidated subsidiaries	-163,558	[7]	-262,017	[7]	'
Net income attributable to Oaktree Capital Group, LLC	51,794		57,566		'
Corporate investments (includes $61,424 and $67,596 measured at fair value as of March 31, 2014 and December 31,2013, respectively)	178,732	[8]	95,652	[9]	169,927
Total assets	48,429,208	[10]	44,917,078	[10]	45,263,254
Investment Management	'		'		'
Segment Reporting, Asset Reconciling Item [Line Items]	'		'		'
Management fees	188,400	[1]	184,214	[1]	'
Incentive income	292,876	[1]	327,184	[1]	'
Investment income	46,480	[1]	82,050	[1]	'
Total expenses	-272,488	[2]	-250,271	[3]	'
Interest expense	-6,625	[11],[4]	-7,407	[11],[4]	'
Other income, net	-1,698		-20		'
Other income of consolidated funds	0	[5]	0	[5]	'
Income taxes	0		0		'
Net income attributable to non-controlling redeemable interests in consolidated funds	0		0		'
Net income attributable to OCGH non-controlling interest in consolidated subsidiaries	0		0		'
Net income attributable to Oaktree Capital Group, LLC	246,945		335,750		'
Corporate investments (includes $61,424 and $67,596 measured at fair value as of March 31, 2014 and December 31,2013, respectively)	1,393,692	[8]	1,117,848	[9]	'
Total assets	2,934,327	[10]	2,500,367	[10]	'
Adjustments	'		'		'
Segment Reporting, Asset Reconciling Item [Line Items]	'		'		'
Management fees	-147,969	[1]	-141,675	[1]	'
Incentive income	-292,876	[1]	-327,184	[1]	'
Investment income	-41,489	[1]	-69,807	[1]	'
Total expenses	14,169	[2]	-25,234	[3]	'
Interest expense	-17,375	[4]	-4,174	[4]	'
Other income, net	0		0		'
Other income of consolidated funds	1,786,765	[5]	2,626,029	[5]	'
Income taxes	-7,986		-10,157		'
Net income attributable to non-controlling redeemable interests in consolidated funds	-1,324,832		-2,063,965		'
Net income attributable to OCGH non-controlling interest in consolidated subsidiaries	-163,558		-262,017		'
Net income attributable to Oaktree Capital Group, LLC	-195,151		-278,184		'
Corporate investments (includes $61,424 and $67,596 measured at fair value as of March 31, 2014 and December 31,2013, respectively)	-1,214,960	[8]	-1,022,196	[9]	'
Total assets	$45,494,881	[10]	$42,416,711	[10]	'
[1]	The adjustment represents the elimination of amounts attributable to the consolidated funds.
[2]	The expense adjustment consists of (a)B equity-based compensation charges of $5,199 related to unit grants made before the Companybs initial public offering, (b)B consolidated fund expenses of $26,684, (c)B expenses incurred by the Intermediate Holding Companies of $282 and (d) the effect of timing differences in the recognition of incentive income compensation expense between adjusted net income and net income attributable to OCG of $46,334.
[3]	The expense adjustment consists of (a)B equity-based compensation charges of $5,800 related to unit grants made before the Companybs initial public offering, (b)B consolidated fund expenses of $19,224 and (c)B expenses incurred by the Intermediate Holding Companies of $210.
[4]	The interest expense adjustment represents the inclusion of interest expense attributable to non-controlling interests of the consolidated funds and the exclusion of segment interest income.
[5]	The adjustment to other income of consolidated funds primarily represents the inclusion of interest, dividend and other investment income attributable to non-controlling interests of the consolidated funds.
[6]	Because adjusted net income is a pre-tax measure, this adjustment eliminates the effect of income tax expense from adjusted net income.
[7]	Because adjusted net income is calculated at the Operating Group level, this adjustment adds back the effect of items applicable to OCG, its Intermediate Holding Companies or the OCGH non-controlling interest.
[8]	The adjustment to corporate investments is to remove from segment assets the Company's investments in the consolidated funds, including investments in its CLOs, that are treated as equity- or cost-method investments for segment reporting purposes. Of the $1.4 billion, equity-method investments accounted for $1.2 billion.
[9]	The adjustment to corporate investments is to remove from segment assets the Company's investments in the consolidated funds that are treated as equity-method investments for segment reporting purposes.
[10]	The total assets adjustment represents the inclusion of investments and other assets of the consolidated funds, net of segment assets eliminated in consolidation, which are primarily corporate investments in funds and incentive income receivable.
[11]	Interest income was $1.1 million and $0.6 million for the three months ended March 31, 2014 and 201

SEGMENT_REPORTING_Schedule_of_1

SEGMENT REPORTING - Schedule of Reconciliation of Total Segments to Income Loss Attributable to Oaktree Capital Group, LLC and Total Assets (Parenthetical) (Detail) (USD $)	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013		Dec. 31, 2013
Segment Reporting, Asset Reconciling Item [Line Items]	'		'		'
Equity-based compensation	$9,182,000		$6,452,000		'
Consolidated fund expenses	26,684,000		19,224,000		'
Non Operating Group Expenses	282,000		210,000		'
Reconciling difference between adjusted net income and net income	91,494,000		130,271,000		'
Corporate investments (includes $61,424 and $67,596 measured at fair value as of March 31, 2014 and December 31,2013, respectively)	178,732,000	[1]	95,652,000	[2]	169,927,000
OCGH Units Prior to Initial Public Offering in April 2012	'		'		'
Segment Reporting, Asset Reconciling Item [Line Items]	'		'		'
Equity-based compensation	5,199,000	[3]	5,800,000	[3]	'
Investment Management	'		'		'
Segment Reporting, Asset Reconciling Item [Line Items]	'		'		'
Equity-based compensation	3,983,000		652,000		'
Reconciling difference between adjusted net income and net income	137,828,000		130,271,000		'
Corporate investments (includes $61,424 and $67,596 measured at fair value as of March 31, 2014 and December 31,2013, respectively)	1,393,692,000	[1]	1,117,848,000	[2]	'
Investment Management | Equity Method Investments	'		'		'
Segment Reporting, Asset Reconciling Item [Line Items]	'		'		'
Equity Method Investments	1,200,000,000	[1]	'		'
Adjustments	'		'		'
Segment Reporting, Asset Reconciling Item [Line Items]	'		'		'
Incentive Income Revenue Compensation Expense	46,334,000	[4]	0	[4]	'
Corporate investments (includes $61,424 and $67,596 measured at fair value as of March 31, 2014 and December 31,2013, respectively)	($1,214,960,000)	[1]	($1,022,196,000)	[2]	'
[1]	The adjustment to corporate investments is to remove from segment assets the Company's investments in the consolidated funds, including investments in its CLOs, that are treated as equity- or cost-method investments for segment reporting purposes. Of the $1.4 billion, equity-method investments accounted for $1.2 billion.
[2]	The adjustment to corporate investments is to remove from segment assets the Company's investments in the consolidated funds that are treated as equity-method investments for segment reporting purposes.
[3]	This adjustment adds back the effect of equity-based compensation charges related to unit grants made before the Companybs initial public offering, which is excluded from adjusted net income because it is a non-cash charge that does not affect the Company's financial position.
[4]	This adjustment adds back the effect of timing differences associated with the recognition of incentive income and incentive income compensation expense between adjusted net income and net income attributable to OCG. There were no adjustments attributable to timing differences for the three months ended March 31, 2013.

SUBSEQUENT_EVENTS_Additional_I

SUBSEQUENT EVENTS - Additional Information (Detail) (Class A Units, Subsequent Event, USD $)	1-May-14
Class A Units | Subsequent Event	'
Class of Stock [Line Items]	'
Dividend declared (in dollars per share)	$0.98