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Fair Value - Valuation of Financial Instruments by Pricing Observability Levels (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Trading      
Investments, NAV Expedient $ 37,200    
Investments, Other Measurements 54,229 $ 118,149  
Securities sold not yet purchased      
Contingent payment arrangements 0 11,893 $ 0
Fair Value, Measurements, Recurring [Member]      
Assets, Fair Value Disclosure [Abstract]      
Money markets 62,071 107,250  
Securities segregated (U.S. Treasury Bills) 816,350 893,189  
Derivatives 11,619 8,413  
Trading      
Private equity 38,186 45,278  
Investments, NAV Expedient 37,326 40,413  
Available-for-sale 99 45  
Total investments measured at fair value and other measurements 443,589 441,105  
Assets, Fair Value Disclosure and Other Measurements 1,333,629 1,449,957  
Securities sold not yet purchased      
Short equities – corporate 16,376 40,252  
Short exchange-traded options 13,585 692  
Derivatives 14,323 8,649  
Contingent payment arrangements 10,855 17,589  
Total liabilities measured at fair value 55,139 67,182  
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]      
Assets, Fair Value Disclosure [Abstract]      
Money markets 62,071 107,250  
Securities segregated (U.S. Treasury Bills) 0  
Derivatives 948 1,224  
Trading      
Private equity 0 0  
Available-for-sale 99 45  
Total investments 287,162 231,752  
Total assets measured at fair value 350,181 340,226  
Securities sold not yet purchased      
Short equities – corporate 16,376 40,252  
Short exchange-traded options 13,585 692  
Derivatives 2,540 1,092  
Contingent payment arrangements 0 0  
Total liabilities measured at fair value 32,501 42,036  
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]      
Assets, Fair Value Disclosure [Abstract]      
Money markets 0 0  
Securities segregated (U.S. Treasury Bills) 816,350 893,189  
Derivatives 10,671 7,189  
Trading      
Private equity 0 0  
Available-for-sale 0 0  
Total investments 63,801 45,768  
Total assets measured at fair value 890,822 946,146  
Securities sold not yet purchased      
Short equities – corporate 0 0  
Short exchange-traded options 0 0  
Derivatives 11,783 7,557  
Contingent payment arrangements 0 0  
Total liabilities measured at fair value 11,783 7,557  
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]      
Assets, Fair Value Disclosure [Abstract]      
Money markets 0 0  
Securities segregated (U.S. Treasury Bills) 0 0  
Derivatives 0 0  
Trading      
Private equity 954 4,913  
Available-for-sale 0 0  
Total investments 1,071 5,023  
Total assets measured at fair value 1,071 5,023  
Securities sold not yet purchased      
Short equities – corporate 0 0  
Short exchange-traded options 0 0  
Derivatives 0 0  
Contingent payment arrangements 10,855 17,589  
Total liabilities measured at fair value 10,855 17,589  
US Treasury Bills [Member] | Fair Value, Measurements, Recurring [Member]      
Trading      
Trading securities 52,609 28,937  
US Treasury Bills [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]      
Trading      
Trading securities 0 0  
US Treasury Bills [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]      
Trading      
Trading securities 52,609 28,937  
US Treasury Bills [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member]      
Trading      
Trading securities 0 0  
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]      
Trading      
Trading securities 209,114 153,998  
Investments, NAV Expedient 81 36  
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]      
Trading      
Trading securities 208,910 148,128  
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]      
Trading      
Trading securities 6 5,724  
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member]      
Trading      
Trading securities 117 110  
Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member]      
Trading      
Trading securities 84,371 91,592  
Investments, NAV Expedient 13 12  
Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]      
Trading      
Trading securities 73,172 80,473  
Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]      
Trading      
Trading securities 11,186 11,107  
Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member]      
Trading      
Trading securities 0 0  
Private Equity Funds [Member] | Fair Value, Measurements, Recurring [Member]      
Trading      
Investments, NAV Expedient 37,232 40,365  
Other Investments [Member]      
Trading      
Investments, Other Measurements 11,892 7,522  
Other Investments [Member] | Fair Value, Measurements, Recurring [Member]      
Trading      
Investments, Other Measurements 11,892 7,522  
Long [Member] | Exchange Traded Options [Member] | Fair Value, Measurements, Recurring [Member]      
Trading      
Trading securities 4,981 3,106  
Long [Member] | Exchange Traded Options [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]      
Trading      
Trading securities 4,981 3,106  
Long [Member] | Exchange Traded Options [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]      
Trading      
Trading securities 0 0  
Long [Member] | Exchange Traded Options [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member]      
Trading      
Trading securities 0 0  
Limited Partnership Hedge Funds [Member]      
Trading      
Investments, Other Measurements 37,199 40,530  
Limited Partnership Hedge Funds [Member] | Fair Value, Measurements, Recurring [Member]      
Trading      
Investments, Other Measurements 37,199 40,530  
Time Deposits [Member]      
Trading      
Investments, Other Measurements 5,138 70,097  
Time Deposits [Member] | Fair Value, Measurements, Recurring [Member]      
Trading      
Investments, Other Measurements $ 5,138 $ 70,097