Offsetting Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Offsetting of Financial Assets

Offsetting of assets as of September 30, 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)
September 30, 2022:
Securities borrowed	$	73,685	$	—	$	73,685	$	(71,951)	$	—	$	1,734
Derivatives	$	37,348	$	—	$	37,348	$	—	$	(15,965)	$	21,383
Long exchange-traded options	$	4,837	$	—	$	4,837	$	—	$	—	$	4,837
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 September 30, 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)
September 30, 2022:
Derivatives - VIEs	$	4,628	$	—	$	4,628	$	—	$	(1,649)	$	2,979
Derivatives - VOEs	$	9	$	—	$	9	$	—	$	—	$	9
December 31, 2021:
Derivatives - VIEs	$	5,887	$	—	$	5,887	$	—	$	(904)	$	4,983
Derivatives - VOEs	$	—	$	—	$	—	$	—	$	—	$	—

Schedule of Offsetting of Financial Liabilities

Offsetting of liabilities as of September 30, 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)
September 30, 2022:

Derivatives	$	11,758	$	—	$	11,758	$	—	$	—	$	11,758
Short exchange-traded options	$	192	$	—	$	192	$	—	$	—	$	192
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 September 30, 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)
September 30, 2022:
Derivatives - VIEs	$	21,376	$	—	$	21,376	$	—	$	(5,573)	$	15,803
Derivatives - VOEs	$	—	$	—	$	—	$	—	$	—	$	—
December 31, 2021:
Derivatives - VIEs	$	18,342	$	—	$	18,342	$	—	$	(1,824)	$	16,518
Derivatives - VOEs	$	—	$	—	$	—	$	—	$	—	$	—