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Consolidated Company-Sponsored Investment Funds (Tables)
 3 Months Ended
Mar. 31, 2022
Consolidated Company-Sponsored Investment Funds [Abstract]  
Balances of Consolidated VIEs and VOEs included in Statement of Financial Condition
The balances of consolidated VIEs included in our condensed consolidated statements of financial condition were as follows:
March 31, 2022December 31, 2021
(in thousands)
Cash and cash equivalents$24,145 $90,326 
Investments486,926 613,025 
Other assets30,594 30,461 
Total assets$541,665 $733,812 
Liabilities$36,774 $87,000 
Redeemable non-controlling interest338,021 421,169 
Partners' capital attributable to AB Unitholders166,870 225,643 
Total liabilities, redeemable non-controlling interest and partners' capital$541,665 $733,812 
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
Valuation of our financial instruments by pricing observability levels as of March 31, 2022 and December 31, 2021 was as follows (in thousands):
 Level 1Level 2Level 3
NAV Expedient(1)
Other Total
March 31, 2022:
Money markets$122,582 $— $— $— $— $122,582 
Securities segregated (U.S. Treasury Bills)— 1,692,536 — — — 1,692,536 
Derivatives 1,564 20,518 — — — 22,082 
Investments:
  Equity securities 125,428 28,052 119 144 — 153,743 
Long exchange-traded options445 — — — — 445 
   Limited partnership hedge funds(2)
— — — — 54,725 54,725 
   Time deposits(3)
— — — — 21,942 21,942 
   Other investments7,861 — — — 4,767 12,628 
Total investments133,734 28,052 119 144 81,434 243,483 
Total assets measured at fair value$257,880 $1,741,106 $119 $144 $81,434 $2,080,683 
Securities sold not yet purchased:    
Short equities – corporate$3,427 $— $— $— $— $3,427 
Short exchange-traded options221 — — — — 221 
Derivatives1,895 14,252 — — — 16,147 
Contingent payment arrangements— — 39,098 — — 39,098 
Total liabilities measured at fair value$5,543 $14,252 $39,098 $— $— $58,893 
 Level 1Level 2Level 3
NAV Expedient(1)
Other Total
December 31, 2021:
Money markets$151,156 $— $— $— $— $151,156 
Securities segregated (U.S. Treasury Bills)— 1,503,828 — — — 1,503,828 
Derivatives 392 15,030 — — — 15,422 
Investments:
  Equity securities144,917 39,284 126 145 — 184,472 
  Long exchange-traded options1,893 — — — — 1,893 
    Limited partnership hedge funds(2)
— — — — 50,920 50,920 
    Time deposits(3)
— — — — 21,024 21,024 
    Other investments9,094 — — — 6,015 15,109 
Total investments155,904 39,284 126 145 77,959 273,418 
Total assets measured at fair value$307,452 $1,558,142 $126 $145 $77,959 $1,943,824 
Securities sold not yet purchased:    
Short equities – corporate$1,054 $— $— $— $— $1,054 
Short exchange-traded options2,774 — — — — 2,774 
Derivatives1,186 15,737 — — — 16,923 
Contingent payment arrangements— — 38,260 — — 38,260 
Total liabilities measured at fair value$5,014 $15,737 $38,260 $— $— $59,011 

(1) Investments measured at fair value using NAV (or its equivalent) as a practical expedient.
(2) Investments in equity method investees that are not measured at fair value in accordance with GAAP.
(3) Investments carried at amortized cost that are not measured at fair value in accordance with GAAP.
Valuation of consolidated company-sponsored investment funds' financial instruments by pricing observability levels as of March 31, 2022 and December 31, 2021 was as follows (in thousands):
 Level 1Level 2Level 3Total
March 31, 2022:
  Investments $84,737 $401,941 $248 $486,926 
  Derivatives 1,782 2,620 — 4,402 
Total assets measured at fair value$86,519 $404,561 $248 $491,328 
Derivatives 16,013 2,927 — 18,940 
Total liabilities measured at fair value$16,013 $2,927 $— $18,940 
December 31, 2021:
  Investments $165,415 $444,253 $3,357 $613,025 
  Derivatives 622 5,265 — 5,887 
Total assets measured at fair value$166,037 $449,518 $3,357 $618,912 
Derivatives $16,291 $2,051 $— $18,342 
Total liabilities measured at fair value$16,291 $2,051 $— $18,342 
Schedule of Change in Carrying Value Level 3 Financial Instruments
The change in carrying value associated with Level 3 financial instruments carried at fair value, classified as equity securities, is as follows:
 Three Months Ended March 31,
 20222021
 (in thousands)
Balance as of beginning of period$126 $125 
Purchases— — 
Sales— — 
Realized gains (losses), net— — 
Unrealized (losses), net(7)(1)
Balance as of end of period$119 $124 
The change in carrying value associated with Level 3 financial instruments carried at fair value within consolidated company-sponsored investment funds was as follows:
 Three Months Ended March 31,
 20222021
 (in thousands)
Balance as of beginning of period$3,357 $619 
Deconsolidated funds(3,351)— 
Transfers (out)(6)(10)
Purchases248 119 
Sales— (3)
Realized gains, net— 3 
Unrealized (losses), net— (11)
Balance as of end of period$248 $717 
Schedule of Offsetting of Derivative Assets
Offsetting of assets as of March 31, 2022 and December 31, 2021 was as follows:
 
 Gross Amounts of Recognized AssetsGross Amounts Offset in the Statement of Financial ConditionNet Amounts of Assets Presented in the Statement of Financial ConditionFinancial
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 AssetsGross Amounts Offset in the Statement of Financial ConditionNet Amounts of Assets Presented in the Statement of Financial ConditionFinancial
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 
Schedule of Offsetting of Derivative Liabilities
Offsetting of liabilities as of March 31, 2022 and December 31, 2021 was as follows:
 Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Statement of Financial ConditionNet Amounts of Liabilities Presented in the Statement of Financial ConditionFinancial
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 LiabilitiesGross Amounts Offset in the Statement of Financial ConditionNet Amounts of Liabilities Presented in the Statement of Financial ConditionFinancial
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