Investments (Tables)

3 Months Ended

Mar. 31, 2013

Investments [Abstract]

Investments

Investments consist of:

	March 31, 2013		December 31, 2012
	(in thousands)
Available-for-sale (primarily seed capital)	$	13,345	$	13,361
Trading:
Long-term incentive compensation-related		79,730		90,825
United States Treasury Bills		27,994		27,982
Seed capital		303,500		307,795
Equities and exchange-traded options		63,662		48,937
Investments in limited partnership hedge funds:
Long-term incentive compensation-related		29,776		32,152
Seed capital		130,300		109,328
Consolidated private equity fund (10% seed capital)		44,267		47,045
Private equity (seed capital)		46,652		47,853
Other		4,972		7,056
Total investments	$	744,198	$	732,334