Offsetting Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2024

Offsetting of assets as of June 30, 2024 and December 31, 2023 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, 2024:
Securities borrowed	$	20,528	$	—	$	20,528	$	(20,501)	$	—	$	27
Derivatives	$	15,339	$	—	$	15,339	$	—	$	(7,419)	$	7,920

December 31, 2023:
Securities borrowed	$	23,229	$	—	$	23,229	$	(23,229)	$	—	$	—
Derivatives	$	14,518	$	—	$	14,518	$	—	$	(5,691)	$	8,827

Offsetting of derivative assets of consolidated company-sponsored investment funds as of June 30, 2024 and December 31, 2023 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, 2024:
Derivatives - VIEs	$	564	$	—	$	564	$	—	$	(564)	$	—

December 31, 2023:
Derivatives - VIEs	$	4,902	$	—	$	4,902	$	—	$	(1,415)	$	3,487

Offsetting of liabilities as of June 30, 2024 and December 31, 2023 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, 2024:

Derivatives	$	10,964	$	—	$	10,964	$	—	$	(4,059)	$	6,905

December 31, 2023:
Securities loaned	$	125,101	$	—	$	125,101	$	(122,369)	$	—	$	2,732
Derivatives	$	18,180	$	—	$	18,180	$	—	$	(7,795)	$	10,385

Offsetting of derivative liabilities of consolidated company-sponsored investment funds as of June 30, 2024 and December 31, 2023 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, 2024:
Derivatives - VIEs	$	159	$	—	$	159	$	—	$	(159)	$	—

December 31, 2023:
Derivatives - VIEs	$	2,531	$	—	$	2,531	$	—	$	(1,408)	$	1,123