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Revenue Recognition
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Revenues for the three and six months ended June 30, 2026 and 2025 consisted of the following:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Subject to contracts with customers:
    Investment advisory and services fees
        Base fees$860,302 $805,319 $1,709,484 $1,623,185 
        Performance-based fees46,644 38,659 112,676 75,905 
    Distribution revenues
        All-in-management fees89,887 86,926 180,695 175,370 
        12b-1 fees14,772 15,248 29,538 31,500 
        Other distribution fees96,260 96,193 193,504 190,517 
    Other revenues
        Shareholder servicing fees23,752 21,278 47,940 37,920 
JV related revenues6,628 9,013 12,989 18,347 
        Other1,875 3,349 5,940 7,112 
1,140,120 1,075,985 2,292,766 2,159,856 
Not subject to contracts with customers:
    Dividend and interest income, net of broker-dealer related interest expense16,689 20,475 34,154 37,308 
    Investment gains (losses)13,505 (7,825)44,564 (28,363)
    Other revenues690 272 1,246 713 
30,884 12,922 79,964 9,658 
Total net revenues$1,171,004 $1,088,907 $2,372,730 $2,169,514