Offsetting Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2023

Offsetting of assets as of June 30, 2023 and December 31, 2022 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)
June 30, 2023:
Securities borrowed	$	48,803	$	—	$	48,803	$	(48,803)	$	—	$	—
Derivatives	$	18,261	$	—	$	18,261	$	—	$	(7,864)	$	10,397

December 31, 2022:
Securities borrowed	$	62,063	$	—	$	62,063	$	(62,058)	$	—	$	5
Derivatives	$	24,712	$	—	$	24,712	$	—	$	(8,361)	$	16,351

Offsetting of derivative assets of consolidated company-sponsored investment funds as of June 30, 2023 and December 31, 2022 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)
June 30, 2023:
Derivatives - VIEs	$	800	$	—	$	800	$	—	$	(603)	$	197

December 31, 2022:
Derivatives - VIEs	$	7,552	$	—	$	7,552	$	—	$	(2,731)	$	4,821

Offsetting of liabilities as of June 30, 2023 and December 31, 2022 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)
June 30, 2023:
Securities loaned	$	144,044	$	—	$	144,044	$	(142,216)	$	—	$	1,828
Derivatives	$	14,665	$	—	$	14,665	$	—	$	(5,635)	$	9,030

December 31, 2022:
Securities loaned	$	272,580	$	—	$	272,580	$	(267,053)	$	—	$	5,527
Derivatives	$	13,712	$	—	$	13,712	$	—	$	(4,158)	$	9,554

Offsetting of derivative liabilities of consolidated company-sponsored investment funds as of June 30, 2023 and December 31, 2022 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)
June 30, 2023:
Derivatives - VIEs	$	2,305	$	—	$	2,305	$	—	$	(2,181)	$	124

December 31, 2022:
Derivatives - VIEs	$	21,540	$	—	$	21,540	$	—	$	(5,444)	$	16,096