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Offsetting Assets and Liabilities
 12 Months Ended
Dec. 31, 2020
Offsetting [Abstract]  
Offsetting Assets and Liabilities Offsetting Assets and Liabilities
See Note 15, Consolidated Company-Sponsored Investment Funds, for disclosure of offsetting assets and liabilities of our consolidated company-sponsored investment funds.
Offsetting of assets as of December 31, 2020 and 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 Collateral		Cash Collateral
Received		Net
Amount
(in thousands)
December 31, 2020
Securities borrowed$7,808 $— $7,808 $(7,344)$— $464 
Derivatives$21,741 $— $21,741 $— $(380)$21,361 
Long exchange-traded options$7,527 $— $7,527 $— $— $7,527 
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 liabilities as of December 31, 2020 and 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 Collateral		Cash Collateral
Pledged		Net
Amount
(in thousands)
December 31, 2020
Derivatives$30,537 $— $30,537 $— $(6,374)$24,163 
Short exchange-traded options$12,486 $— $12,486 $— $— $12,486 
December 31, 2019
Derivatives$19,259 $— $19,259 $— $(4,276)$14,983 
Short exchange-traded options$12,348 $— $12,348 $— $— $12,348 
Cash collateral, whether pledged or received on derivative instruments, is not considered material and, accordingly, is not disclosed by counterparty.