Offsetting Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2022

Offsetting of assets as of March 31, 2022 and December 31, 2021 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)
March 31, 2022:
Securities borrowed	$	97,865	$	—	$	97,865	$	(93,012)	$	—	$	4,853
Derivatives	$	22,082	$	—	$	22,082	$	—	$	(7,782)	$	14,300
Long exchange-traded options	$	445	$	—	$	445	$	—	$	—	$	445
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

Offsetting of derivative assets of consolidated company-sponsored investment funds as of March 31, 2022 and December 31, 2021 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)
March 31, 2022:
Derivatives	$	4,402	$	—	$	4,402	$	—	$	(1,524)	$	2,878

December 31, 2021:
Derivatives	$	5,887	$	—	$	5,887	$	—	$	(904)	$	4,983

Offsetting of liabilities as of March 31, 2022 and December 31, 2021 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)
March 31, 2022:
Securities loaned	$	81,049	$	—	$	81,049	$	(78,208)	$	—	$	2,841
Derivatives	$	16,147	$	—	$	16,147	$	—	$	(6,216)	$	9,931
Short exchange-traded options	$	221	$	—	$	221	$	—	$	—	$	221
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

Offsetting of derivative liabilities of consolidated company-sponsored investment funds as of March 31, 2022 and December 31, 2021 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)
March 31, 2022:
Derivatives	$	18,940	$	—	$	18,940	$	—	$	(2,486)	$	16,454

December 31, 2021:
Derivatives	$	18,342	$	—	$	18,342	$	—	$	(1,824)	$	16,518