Offsetting Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Offsetting [Abstract]

Schedule of Offsetting of Financial Assets

Offsetting of assets as of June 30, 2020 and December 31, 2019 was as follows:

	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Condition		Net Amounts of Assets Presented in the Statement of Financial Condition		Financial Instruments			Cash Collateral Received			Net Amount
	(in thousands)
June 30, 2020:
Securities borrowed	$	18,109	$	—	$	18,109	$	(17,539	)	$	—		$	570
Derivatives	$	24,224	$	—	$	24,224	$	—		$	(810	)	$	23,414
Long exchange-traded options	$	12,151	$	—	$	12,151	$	—		$	—		$	12,151
December 31, 2019:
Securities borrowed	$	38,993	$	—	$	38,993	$	(38,993	)	$	—		$	—
Derivatives	$	13,491	$	—	$	13,491	$	—		$	(251	)	$	13,240
Long exchange-traded options	$	6,931	$	—	$	6,931	$	—		$	—		$	6,931

Offsetting of derivative assets of consolidated company-sponsored investment funds as of June 30, 2020 and December 31, 2019 was as follows:

	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Condition		Net Amounts of Assets Presented in the Statement of Financial Condition		Financial Instruments		Cash Collateral Received			Net Amount
	(in thousands)
June 30, 2020:
Derivatives - VIEs	$	1,332	$	—	$	1,332	$	—	$	(270	)	$	1,062
Derivatives - VOEs	$	698	$	—	$	698	$	—	$	(698	)	$	—
December 31, 2019:
Derivatives - VIEs	$	4,833	$	—	$	4,833	$	—	$	(1,631	)	$	3,202
Derivatives - VOEs	$	4,339	$	—	$	4,339	$	—	$	(534	)	$	3,805

Schedule of Offsetting of Financial Liabilities

Offsetting of liabilities as of June 30, 2020 and December 31, 2019 was as follows:

	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Condition		Net Amounts of Liabilities Presented in the Statement of Financial Condition		Financial Instruments			Cash Collateral Pledged			Net Amount
	(in thousands)
June 30, 2020:
Securities loaned	$	16,369	$	—	$	16,369	$	(16,155	)	$	—		$	214
Derivatives	$	26,626	$	—	$	26,626	$	—		$	(5,884	)	$	20,742
Short exchange-traded options	$	9,379	$	—	$	9,379	$	—		$	—		$	9,379
December 31, 2019:
Derivatives	$	19,259	$	—	$	19,259	$	—		$	(4,276	)	$	14,983
Short exchange-traded options	$	12,348	$	—	$	12,348	$	—		$	—		$	12,348

Offsetting of derivative liabilities of consolidated company-sponsored investment funds as of June 30, 2020 and December 31, 2019 was as follows:

	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Condition		Net Amounts of Liabilities Presented in the Statement of Financial Condition		Financial Instruments		Cash Collateral Pledged			Net Amount
	(in thousands)
June 30, 2020:
Derivatives - VIEs	$	4,309	$	—	$	4,309	$	—	$	(3,800	)	$	509
Derivatives - VOEs	$	1,746	$	—	$	1,746	$	—	$	(1,746	)	$	—
December 31, 2019:
Derivatives - VIEs	$	4,559	$	—	$	4,559	$	—	$	(3,155	)	$	1,404
Derivatives - VOEs	$	5,083	$	—	$	5,083	$	—	$	(1,201	)	$	3,882