Fair Value Measurements for Operating Entities and Consolidated Funds - Assets and Liabilities at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | $ 342,712 | | $ 286,135 |
Other investments | | 237,628 | | 274,111 |
Other Investments, Consolidated Funds | | 97,182 | | 99,067 |
Investments | | 3,441,036 | | 3,320,055 |
Securities sold, not yet purchased, at fair value | | 974,867 | | 1,201,448 |
Securities sold, not yet purchased, at fair value | | 974,867 | | 1,201,448 |
Payable for derivative contracts, at fair value | | 46,814 | | 60,163 |
Quarton | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low | | 12,500 | | 10,100 |
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | | 14,900 | | 25,000 |
Portico | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low | | 0 | | 0 |
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | | 58,000 | | 58,000 |
Equity Swaps | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 388,875 | | 305,370 |
Payable for derivative contracts, at fair value | | 152,265 | | 114,689 |
Options (held long) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | [1] | 49,801 | | 61,219 |
Futures | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 53 | | 266 |
Interest rate swap | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | [2] | 19,839 | | 1,208 |
Portfolio Funds | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Other investments | [3] | 131,766 | | 137,986 |
Other Investments, Consolidated Funds | [3] | 97,182 | | 99,067 |
Carried interest | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Other investments | [3] | 70,281 | | 88,925 |
Equity Method Investments | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Other investments | [3] | 35,581 | | 47,200 |
Fair Value, Measurements, Recurring | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Assets, Fair Value Disclosure, Recurring | | 3,106,226 | | 2,946,877 |
Investment Sold, Not yet Purchased and Derivative Liability, at Fair Value | | 1,079,020 | | 1,323,834 |
Fair Value, Measurements, Recurring | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Assets, Fair Value Disclosure, Recurring | | 2,450,360 | | 2,516,383 |
Investment Sold, Not yet Purchased and Derivative Liability, at Fair Value | | 898,163 | | 1,234,450 |
Fair Value, Measurements, Recurring | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Assets, Fair Value Disclosure, Recurring | | 530,395 | | 329,735 |
Investment Sold, Not yet Purchased and Derivative Liability, at Fair Value | | 252,241 | | 116,072 |
Fair Value, Measurements, Recurring | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Assets, Fair Value Disclosure, Recurring | | 241,383 | | 182,501 |
Investment Sold, Not yet Purchased and Derivative Liability, at Fair Value | | 60,418 | | 65,642 |
Fair Value, Measurements, Recurring | Common Stock | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 956,228 | | 1,192,396 |
Fair Value, Measurements, Recurring | Common Stock | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 858,685 | | 1,192,396 |
Fair Value, Measurements, Recurring | Common Stock | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 97,543 | | 0 |
Fair Value, Measurements, Recurring | Common Stock | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Corporate Bonds | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 1,349 | | 37 |
Fair Value, Measurements, Recurring | Corporate Bonds | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Corporate Bonds | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 1,349 | | 37 |
Fair Value, Measurements, Recurring | Corporate Bonds | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Preferred Stock | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 17,278 | | 9,009 |
Fair Value, Measurements, Recurring | Preferred Stock | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 17,278 | | 9,009 |
Fair Value, Measurements, Recurring | Preferred Stock | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Preferred Stock | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Warrants and Rights | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 12 | | 6 |
Fair Value, Measurements, Recurring | Warrants and Rights | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 12 | | 6 |
Fair Value, Measurements, Recurring | Warrants and Rights | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Warrants and Rights | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Securities sold, not yet purchased, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Contingent liability payable | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Contingent Consideration Payable | | 57,339 | [4] | 62,223 |
Fair Value, Measurements, Recurring | Contingent liability payable | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Contingent Consideration Payable | | 0 | [4] | 0 |
Fair Value, Measurements, Recurring | Contingent liability payable | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Contingent Consideration Payable | | 0 | [4] | 0 |
Fair Value, Measurements, Recurring | Contingent liability payable | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Contingent Consideration Payable | | 57,339 | [4] | 62,223 |
Fair Value, Measurements, Recurring | Currency forward | Derivative Liabilities | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 1,084 | | 1,346 |
Fair Value, Measurements, Recurring | Currency forward | Derivative Liabilities | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Currency forward | Derivative Liabilities | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 1,084 | | 1,346 |
Fair Value, Measurements, Recurring | Currency forward | Derivative Liabilities | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Equity Swaps | Derivative Liabilities | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 20,463 | | 22,359 |
Fair Value, Measurements, Recurring | Equity Swaps | Derivative Liabilities | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Equity Swaps | Derivative Liabilities | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 152,265 | | 114,689 |
Fair Value, Measurements, Recurring | Equity Swaps | Derivative Liabilities | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 0 | | 0 |
Derivative Liability, Fair Value, Amount Offset Against Collateral | [5] | (131,802) | | (92,330) |
Fair Value, Measurements, Recurring | Options (held long) | Derivative Liabilities | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 25,214 | | 36,192 |
Fair Value, Measurements, Recurring | Options (held long) | Derivative Liabilities | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 22,135 | | 32,773 |
Fair Value, Measurements, Recurring | Options (held long) | Derivative Liabilities | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Options (held long) | Derivative Liabilities | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 3,079 | | 3,419 |
Fair Value, Measurements, Recurring | Futures | Derivative Liabilities | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 53 | | 266 |
Fair Value, Measurements, Recurring | Futures | Derivative Liabilities | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 53 | | 266 |
Fair Value, Measurements, Recurring | Futures | Derivative Liabilities | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Futures | Derivative Liabilities | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Payable for derivative contracts, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Government Securities | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 11,992 | | 16,002 |
Fair Value, Measurements, Recurring | Government Securities | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 11,992 | | 16,002 |
Fair Value, Measurements, Recurring | Government Securities | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 0 | | 0 |
Fair Value, Measurements, Recurring | Government Securities | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 0 | | 0 |
Fair Value, Measurements, Recurring | Preferred Stock | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 190,184 | | 134,930 |
Fair Value, Measurements, Recurring | Preferred Stock | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 20,483 | | 12,299 |
Fair Value, Measurements, Recurring | Preferred Stock | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 0 | | 0 |
Fair Value, Measurements, Recurring | Preferred Stock | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 169,701 | | 122,631 |
Fair Value, Measurements, Recurring | Common Stock | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 2,348,243 | | 2,428,820 |
Fair Value, Measurements, Recurring | Common Stock | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 2,304,895 | | 2,396,041 |
Fair Value, Measurements, Recurring | Common Stock | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 3,517 | | 121 |
Fair Value, Measurements, Recurring | Common Stock | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 39,831 | | 32,658 |
Fair Value, Measurements, Recurring | Convertible Bonds | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 5,250 | | 5,250 |
Fair Value, Measurements, Recurring | Convertible Bonds | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 0 | | 0 |
Fair Value, Measurements, Recurring | Convertible Bonds | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 0 | | 0 |
Fair Value, Measurements, Recurring | Convertible Bonds | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 5,250 | | 5,250 |
Fair Value, Measurements, Recurring | Corporate Bonds | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 146,998 | | 21,468 |
Fair Value, Measurements, Recurring | Corporate Bonds | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 28,892 | | 0 |
Fair Value, Measurements, Recurring | Corporate Bonds | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 115,680 | | 19,049 |
Fair Value, Measurements, Recurring | Corporate Bonds | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 2,426 | | 2,419 |
Fair Value, Measurements, Recurring | Trade Claims | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 4,840 | | 3,496 |
Fair Value, Measurements, Recurring | Trade Claims | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 0 | | 0 |
Fair Value, Measurements, Recurring | Trade Claims | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 0 | | 0 |
Fair Value, Measurements, Recurring | Trade Claims | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 4,840 | | 3,496 |
Fair Value, Measurements, Recurring | Term Loans | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 2,375 | | 3,907 |
Fair Value, Measurements, Recurring | Term Loans | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 0 | | 0 |
Fair Value, Measurements, Recurring | Term Loans | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 2,375 | | 3,907 |
Fair Value, Measurements, Recurring | Term Loans | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Debt Securities, Trading | | 0 | | 0 |
Fair Value, Measurements, Recurring | Private Investments | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 550 | | 410 |
Fair Value, Measurements, Recurring | Private Investments | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 0 | | 0 |
Fair Value, Measurements, Recurring | Private Investments | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 0 | | 0 |
Fair Value, Measurements, Recurring | Private Investments | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 550 | | 410 |
Fair Value, Measurements, Recurring | Warrants and Rights | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 53,082 | | 46,459 |
Fair Value, Measurements, Recurring | Warrants and Rights | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 34,525 | | 31,056 |
Fair Value, Measurements, Recurring | Warrants and Rights | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 0 | | 0 |
Fair Value, Measurements, Recurring | Warrants and Rights | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Trading Securities, Equity | | 18,557 | | 15,403 |
Fair Value, Measurements, Recurring | Derivative Assets | Currency forward | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 109 | | 80 |
Fair Value, Measurements, Recurring | Derivative Assets | Currency forward | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Derivative Assets | Currency forward | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 109 | | 80 |
Fair Value, Measurements, Recurring | Derivative Assets | Currency forward | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Derivative Assets | Equity Swaps | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 272,963 | | 223,628 |
Fair Value, Measurements, Recurring | Derivative Assets | Equity Swaps | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Derivative Assets | Equity Swaps | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 388,875 | | 305,370 |
Fair Value, Measurements, Recurring | Derivative Assets | Equity Swaps | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 0 | | 0 |
Derivative Asset, Fair Value, Amount Offset Against Collateral | [5] | (115,912) | | (81,742) |
Fair Value, Measurements, Recurring | Derivative Assets | Options (held long) | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 49,801 | | 61,219 |
Fair Value, Measurements, Recurring | Derivative Assets | Options (held long) | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 49,573 | | 60,985 |
Fair Value, Measurements, Recurring | Derivative Assets | Options (held long) | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Derivative Assets | Options (held long) | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 228 | | 234 |
Fair Value, Measurements, Recurring | Derivative Assets | Interest rate swap | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 19,839 | | 1,208 |
Fair Value, Measurements, Recurring | Derivative Assets | Interest rate swap | Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 0 | | 0 |
Fair Value, Measurements, Recurring | Derivative Assets | Interest rate swap | Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | 19,839 | | 1,208 |
Fair Value, Measurements, Recurring | Derivative Assets | Interest rate swap | Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Receivable on derivative contracts, at fair value | | $ 0 | | $ 0 |
| |
[1] | Includes the volume of contracts for index, equity, commodity future and cash conversion options. | |
[2] | Interest rate swap offsetting the Company's floating rate debt on the Company's term loan. See Note 12 | |
[3] | In accordance with US GAAP, portfolio funds are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient are not classified in the fair value hierarchy. Carried interest and equity method investments presented in the table above are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the condensed consolidated statement of financial condition. | |
[4] | In accordance with the terms of the purchase agreements for acquisitions that closed during the first quarter of 2019 (the acquisition of Quarton International AG "Quarton"), the fourth quarter of 2020 (the acquisition of MHT Partners, LP "MHT") and the fourth quarter of 2021 (the acquisition of Portico Capital Advisors "Portico"), the Company is required to pay to the sellers a portion of future net income and/or revenues of the acquired businesses, if certain targets are achieved through the periods ended through December 31, 2024. For all acquisitions the Company estimated the contingent consideration liabilities using a combination of Monte Carlo and Discounted Cash Flow methods which require the Company to make estimates and assumptions regarding the future cash flows and profits. Changes in these estimates and assumptions could have a significant impact on the amounts recognized. The undiscounted amounts for the Quarton acquisition can range from $12.5 million to $14.9 million. The undiscounted amounts for the MHT acquisition have no minimum or maximum as it is calculated based on revenue. The undiscounted amounts for the Portico acquisition can range from zero to $58.0 million. | |
[5] | Derivatives are reported on a net basis, by counterparty, when a legal right of offset exists under an enforceable netting agreement as well as net of cash collateral received or posted under enforceable credit support agreements. See Note 2f for further information on offsetting of derivative financial instruments. | |