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Investments (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments
Investments consist of:
June 30,
2026		December 31,
2025
(in thousands)
Equity securities:
    Long-term incentive compensation-related$39,007 $35,212 
    Seed capital 138,103 176,545 
    Other157 143 
Investments in limited partnership hedge funds:
Long-term incentive compensation-related3,661 18,845 
Seed capital37,718 26,939 
Equity method Investments:
  Joint ventures197,109 247,605 
  Other equity method investments— 7,429 
Time deposits6,278 6,365 
Other 11,376 11,930 
Total investments$433,409 $531,013 
Summary of Unrealized Gains (Losses) Related to Equity Securities
The portion of unrealized gains (losses) related to equity securities, as defined by ASC 321-10, held as of June 30, 2026 and 2025 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Net gains recognized during the period$11,367 $10,495 $9,122 $10,408 
Less: net gains recognized during the period on equity securities sold during the period10,548 1,197 14,880 5,767 
Unrealized gains (losses) recognized during the period on equity securities held$819 $9,298 $(5,758)$4,641