XML 120 R45.htm IDEA: XBRL DOCUMENT v3.25.4
Offsetting Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Offsetting [Abstract]  
Summary of Offsetting of Financial Assets
Offsetting of assets as of December 31, 2025 and 2024 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		Net
Amount
(in thousands)
December 31, 2025
Securities borrowed$14,689 $— $14,689 $(14,539)$— $150 
Derivatives12,985 — 12,985 — (5,547)7,438 
December 31, 2024
Securities borrowed$1,144 $— $1,144 $(1,044)$— $100 
Derivatives20,941 — 20,941 — (10,357)10,584 
Offsetting of derivative assets of consolidated company-sponsored investment funds as of December 31, 2025 and 2024 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		Cash Collateral
Received		Net
Amount
 (in thousands)
December 31, 2025:
Derivatives - VIEs$20,077 $— $20,077 $— $— $20,077 
December 31, 2024:
Derivatives - VIEs$101 $— $101 $— $(2)$99 
Derivatives - VOEs11,483 — 11,483 — — 11,483 
Summary of Offsetting of Financial Liabilities
Offsetting of liabilities as of December 31, 2025 and 2024 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		Net
Amount
(in thousands)
December 31, 2025
Securities loaned$51,488 $— $51,488 $(50,170)$1,318 
Derivatives17,615 — 17,615 — (10,293)7,322 
December 31, 2024
Derivatives14,944 — 14,944 — (5,188)9,756 
Offsetting of derivative liabilities of consolidated company-sponsored investment funds as of December 31, 2025 and 2024 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		Cash Collateral
Pledged		Net
Amount
 (in thousands)
December 31, 2025:
Derivatives - VIEs$20,084 $— $20,084 $— $(492)$19,592 
December 31, 2024:
Derivatives - VIEs$85 $— $85 $— $(85)$—