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Consolidated Company-Sponsored Investment Funds (Tables)
 6 Months Ended
Jun. 30, 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:
June 30, 2022December 31, 2021
(in thousands)
Cash and cash equivalents$15,598 $90,326 
Investments458,505 613,025 
Other assets23,282 30,461 
Total assets$497,385 $733,812 
Liabilities$37,780 $87,000 
Redeemable non-controlling interest308,953 421,169 
Partners' capital attributable to AB Unitholders150,652 225,643 
Total liabilities, redeemable non-controlling interest and partners' capital$497,385 $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 June 30, 2022 and December 31, 2021 was as follows (in thousands):
 Level 1Level 2Level 3
NAV Expedient(1)
Other Total
June 30, 2022:
Money markets$125,126 $— $— $— $— $125,126 
Securities segregated (U.S. Treasury Bills)— 1,746,873 — — — 1,746,873 
Derivatives 1,724 25,623 — — — 27,347 
Investments:
  Equity securities 110,348 30,783 119 131 — 141,381 
Long exchange-traded options59 — — — — 59 
   Limited partnership hedge funds(2)
— — — — 43,797 43,797 
   Time deposits(3)
— — — — 20,210 20,210 
   Other investments6,514 — — — 4,502 11,016 
Total investments116,921 30,783 119 131 68,509 216,463 
Total assets measured at fair value$243,771 $1,803,279 $119 $131 $68,509 $2,115,809 
Securities sold not yet purchased:    
Short equities – corporate$— $— $— $— $— $— 
Short exchange-traded options— — — — — — 
Derivatives348 12,176 — — — 12,524 
Contingent payment arrangements— — 42,436 — — 42,436 
Total liabilities measured at fair value$348 $12,176 $42,436 $— $— $54,960 
 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 June 30, 2022 and December 31, 2021 was as follows (in thousands):
 Level 1Level 2Level 3Total
June 30, 2022:
  Investments $74,225 $384,280 $— $458,505 
  Derivatives 554 1,489 — 2,043 
Total assets measured at fair value$74,779 $385,769 $— $460,548 
Derivatives 15,067 3,553 — 18,620 
Total liabilities measured at fair value$15,067 $3,553 $— $18,620 
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 June 30,Six Months Ended June 30,
 2022202120222021
 (in thousands)
Balance as of beginning of period$119 $124 $126 $125 
Purchases— — — — 
Sales— — — — 
Realized gains (losses), net— — — — 
Unrealized gains (losses), net— 2 (7)1 
Balance as of end of period$119 $126 $119 $126 
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 June 30,Six Months Ended June 30,
 2022202120222021
 (in thousands)
Balance as of beginning of period$248 $717 $3,357 $619 
Deconsolidated funds— (717)(3,351)(717)
Transfers (out)— — (6)(10)
Purchases— 204 248 323 
Sales(248)— (248)(3)
Realized gains, net— — — 3 
Unrealized gains (losses), net— 6 — (5)
Balance as of end of period$— $210 $— $210 
Schedule of Offsetting of Derivative Assets
Offsetting of assets as of June 30, 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)
June 30, 2022:
Securities borrowed$69,831 $— $69,831 $(59,671)$— $10,160 
Derivatives$27,347 $— $27,347 $— $(9,151)$18,196 
Long exchange-traded options$59 $— $59 $— $— $59 
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 June 30, 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)
June 30, 2022:
Derivatives $2,043 $— $2,043 $— $(871)$1,172 
December 31, 2021:     
Derivatives $5,887 $— $5,887 $— $(904)$4,983 
Schedule of Offsetting of Derivative Liabilities
Offsetting of liabilities as of June 30, 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)
June 30, 2022:
Securities loaned$101,276 $— $101,276 $(98,241)$— $3,035 
Derivatives$12,524 $— $12,524 $— $(2,980)$9,544 
Short exchange-traded options$— $— $— $— $— $— 
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 June 30, 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)
June 30, 2022:
Derivatives$18,620 $— $18,620 $— $(4,001)$14,619 
December 31, 2021:     
Derivatives $18,342 $— $18,342 $— $(1,824)$16,518