Offsetting Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2021

Offsetting of assets as of June 30, 2021 and December 31, 2020 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)
June 30, 2021:
Securities borrowed	$	26,081	$	—	$	26,081	$	(14,712)	$	—	$	11,369
Derivatives	$	16,592	$	—	$	16,592	$	—	$	(2,102)	$	14,490
Long exchange-traded options	$	2,165	$	—	$	2,165	$	—	$	—	$	2,165
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

Offsetting of derivative assets of consolidated company-sponsored investment funds as of June 30, 2021 and December 31, 2020 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)
June 30, 2021:
Derivatives - VIEs	$	1,951	$	—	$	1,951	$	—	$	(442)	$	1,509

December 31, 2020:
Derivatives - VIEs	$	3,224	$	—	$	3,224	$	—	$	(513)	$	2,711
Derivatives - VOEs	$	464	$	—	$	464	$	—	$	—	$	464

Offsetting of liabilities as of June 30, 2021 and December 31, 2020 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)
June 30, 2021:

Derivatives	$	16,914	$	—	$	16,914	$	—	$	(4,379)	$	12,535
Short exchange-traded options	$	1,706	$	—	$	1,706	$	—	$	—	$	1,706
December 31, 2020:

Derivatives	$	30,537	$	—	$	30,537	$	—	$	(6,374)	$	24,163
Short exchange-traded options	$	12,486	$	—	$	12,486	$	—	$	—	$	12,486

Offsetting of derivative liabilities of consolidated company-sponsored investment funds as of June 30, 2021 and December 31, 2020 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)
June 30, 2021:
Derivatives - VIEs	$	4,349	$	—	$	4,349	$	—	$	(989)	$	3,360

December 31, 2020:
Derivatives - VIEs	$	6,893	$	—	$	6,893	$	—	$	(4,201)	$	2,692
Derivatives - VOEs	$	664	$	—	$	664	$	—	$	(138)	$	526