Offsetting Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Offsetting [Abstract]

Offsetting of Financial Assets

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 derivative assets of consolidated company-sponsored investment funds 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		Cash Collateral Received		Net Amount
	(in thousands)
December 31, 2020:
Derivatives - VIEs	$	3,224	$	—	$	3,224	$	—	$	(513)	$	2,711
Derivatives - VOEs	$	464	$	—	$	464	$	—	$	—	$	464
December 31, 2019:
Derivatives - VIEs	$	4,833	$	—	$	4,833	$	—	$	(1,631)	$	3,202
Derivatives - VOEs	$	4,339	$	—	$	4,339	$	—	$	(534)	$	3,805

Offsetting of Financial Liabilities

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

Offsetting of derivative liabilities of consolidated company-sponsored investment funds 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		Cash Collateral Pledged		Net Amount
	(in thousands)
December 31, 2020:
Derivatives - VIEs	$	6,893	$	—	$	6,893	$	—	$	(4,201)	$	2,692
Derivatives - VOEs	$	664	$	—	$	664	$	—	$	(138)	$	526
December 31, 2019:
Derivatives - VIEs	$	4,559	$	—	$	4,559	$	—	$	(3,155)	$	1,404
Derivatives - VOEs	$	5,083	$	—	$	5,083	$	—	$	(1,201)	$	3,882