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Investments (Tables)
 6 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments
Investments consist of:
 June 30,
2024		December 31,
2023
 (in thousands)
Equity securities:
Long-term incentive compensation-related$25,321 $18,882 
Seed capital 158,523 128,771 
Equities42 — 
Investments in limited partnership hedge funds:  
Long-term incentive compensation-related$10,267 $21,151 
Seed capital18,129 57,624 
Investment in joint ventures295,379 — 
Time deposits6,165 6,517 
Other 10,946 10,609 
Total investments$524,772 $243,554 
Summary of the Cost and Fair Value of Available-For-Sale and Trading Investments
The portion of unrealized gains (losses) related to equity securities, as defined by ASC 321-10, held as of June 30, 2024 and 2023 were as follows:
 Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
 (in thousands)
Net gains recognized during the period$986 $2,983 $12,044 $8,447 
Less: net (losses) gains recognized during the period on equity securities sold during the period(1,362)5,259 6,027 5,849 
Unrealized gains (losses) recognized during the period on equity securities held$2,348 $(2,276)$6,017 $2,598