Offsetting Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Offsetting [Abstract]

Offsetting of Financial Assets

Offsetting of assets as of December 31, 2021 and 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)
December 31, 2021
Securities borrowed		$	19,899		$	—		$	19,899		$	(18,327)		$	—		$	1,572
Derivatives		$	15,422		$	—		$	15,422		$	—		$	(2,872)		$	12,550
Long exchange-traded options		$	1,893		$	—		$	1,893		$	—		$	—		$	1,893
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 December 31, 2021 and 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			Cash Collateral Received			Net Amount
	(in thousands)
December 31, 2021:
Derivatives - VIEs		$	5,887		$	—		$	5,887		$	—		$	(904)		$	4,983
Derivatives - VOEs		$	—		$	—		$	—		$	—		$	—		$	—
December 31, 2020:
Derivatives - VIEs		$	3,224		$	—		$	3,224		$	—		$	(513)		$	2,711
Derivatives - VOEs		$	464		$	—		$	464		$	—		$	—		$	464

Offsetting of Financial Liabilities

Offsetting of liabilities as of December 31, 2021 and 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)
December 31, 2021
Securities loaned		$	23,911		$	—		$	23,911		$	(23,373)		$	—		$	538
Derivatives		$	16,923		$	—		$	16,923		$	—		$	(5,572)		$	11,351
Short exchange-traded options		$	2,774		$	—		$	2,774		$	—		$	—		$	2,774
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 December 31, 2021 and 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			Cash Collateral Pledged			Net Amount
	(in thousands)
December 31, 2021:
Derivatives - VIEs		$	18,342		$	—		$	18,342		$	—		$	(1,824)		$	16,518
Derivatives - VOEs		$	—		$	—		$	—		$	—		$	—		$	—
December 31, 2020:
Derivatives - VIEs		$	6,893		$	—		$	6,893		$	—		$	(4,201)		$	2,692
Derivatives - VOEs		$	664		$	—		$	664		$	—		$	(138)		$	526