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Fair Value - Valuation of Financial Instruments by Pricing Observability Levels (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Assets, Fair Value Disclosure [Abstract]    
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Brokers and dealers Brokers and dealers
Investments:    
Derivative Liability, Statement Of Financial Position, Extensible Enumeration, Not Disclosed Flag Derivatives Derivatives
Contingent payment arrangements $ 9,385 $ 252,690
Recurring    
Assets, Fair Value Disclosure [Abstract]    
Money markets 146,781 146,906
Securities segregated (U.S. Treasury Bills) 499,245 867,679
Derivatives 20,941 14,518
Investments:    
Total assets measured at fair value and other measurements 877,384 1,184,626
Derivatives 14,944 18,180
Contingent payment arrangements 9,385 252,690
Total liabilities measured at fair value 24,329 270,870
Recurring | Equity securities    
Investments:    
Investments 201,824 147,653
Recurring | Other investments    
Investments:    
Investments, other measurements   7,870
Total investments measured at fair value and other measurements 8,593  
Level 1 | Recurring    
Assets, Fair Value Disclosure [Abstract]    
Money markets 146,781 146,906
Securities segregated (U.S. Treasury Bills) 0 0
Derivatives 2,835 1
Investments:    
Total assets measured at fair value 351,975 268,610
Derivatives 33 3,511
Contingent payment arrangements 0 0
Total liabilities measured at fair value 33 3,511
Level 1 | Recurring | Equity securities    
Investments:    
Investments 193,766 113,833
Level 1 | Recurring | Other investments    
Investments:    
Total investments 8,593 7,870
Level 2 | Recurring    
Assets, Fair Value Disclosure [Abstract]    
Money markets 0 0
Securities segregated (U.S. Treasury Bills) 499,245 867,679
Derivatives 18,106 14,517
Investments:    
Total assets measured at fair value 523,272 914,300
Derivatives 14,911 14,669
Contingent payment arrangements 0 0
Total liabilities measured at fair value 14,911 14,669
Level 2 | Recurring | Equity securities    
Investments:    
Investments 5,921 32,104
Level 2 | Recurring | Other investments    
Investments:    
Total investments 0 0
Level 3 | Recurring    
Assets, Fair Value Disclosure [Abstract]    
Money markets 0 0
Securities segregated (U.S. Treasury Bills) 0 0
Derivatives 0 0
Investments:    
Total assets measured at fair value 121 118
Derivatives 0 0
Contingent payment arrangements 9,385 252,690
Total liabilities measured at fair value 9,385 252,690
Level 3 | Recurring | Equity securities    
Investments:    
Investments 121 118
Level 3 | Recurring | Other investments    
Investments:    
Total investments 0 0
NAV Expedient | Recurring    
Assets, Fair Value Disclosure [Abstract]    
Money markets 0 0
Securities segregated (U.S. Treasury Bills) 0 0
Derivatives 0 0
Investments:    
Total assets measured at fair value 2,016 1,598
Derivatives 0 0
Contingent payment arrangements 0 0
Total liabilities measured at fair value 0 0
NAV Expedient | Recurring | Equity securities    
Investments:    
Investments 2,016 1,598
NAV Expedient | Recurring | Other investments    
Investments:    
Total investments $ 0 $ 0