DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2016

Consolidated Funds

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of fair value and notional amounts of derivative contracts by major product type on a gross basis

	As of March 31, 2016
	Assets				Liabilities
Consolidated Funds	Notional(1)		Fair Value		Notional(1)		Fair Value
Foreign exchange contracts	$	—	$	—	$	25,572	$	1,731
Other financial instruments		—		—		4,501		4,127
Total derivatives, at fair value		—		—		30,073		5,858
Other—equity(2)		522		155		—		—
Total	$	522	$	155	$	30,073	$	5,858

(1)   Represents the total contractual amount of derivative assets and liabilities outstanding.

(2)   Includes the fair value of warrants which are presented within investments, at fair value in the Condensed Consolidated Statements of Financial Condition.

	As of December 31, 2015
	Assets				Liabilities
Consolidated Funds	Notional(1)		Fair Value		Notional(1)		Fair Value
Foreign exchange contracts	$	—	$	—	$	25,572	$	369
Other financial instruments		—		—		4,063		10,307
Total derivatives, at fair value		—		—		29,635		10,676
Other—equity(2)		522		159		—		—
Total	$	522	$	159	$	29,635	$	10,676

(1)   Represents the total contractual amount of derivative assets and liabilities outstanding.

(2)   Includes the fair value of warrants and equity distribution rights which are presented within investments, at fair value in the Condensed Consolidated Statements of Financial Condition.

Schedule of setoff and related arrangements associated with the derivative and other financial instruments

							Gross Amounts Not
							Offset in the Statement
							of Financial Condition
	Gross Amounts of		Gross Amounts		Net Amounts of				Cash Collateral
	Recognized Assets		Offset in Assets		Assets (Liabilities)		Financial		Received
Consolidated Funds as of March 31, 2016	(Liabilities)		(Liabilities)		Presented		Instruments		(Pledged)		Net Amount
Assets:
Derivatives	$	447	$	447	$	—	$	—	$	—	$	—
Liabilities:
Derivatives		(6,305)		(447)		(5,858)		—		—		(5,858)
Net derivatives liabilities	$	(5,858)	$	—	$	(5,858)	$	—	$	—	$	(5,858)

							Gross Amounts Not
							Offset in the Statement
							ofFinancial Condition
	Gross Amounts of		Gross Amounts		Net Amounts of				Cash Collateral
	Recognized Assets		Offset in Assets		Assets (Liabilities)		Financial		Received
Consolidated Funds as of December 31, 2015	(Liabilities)		(Liabilities)		Presented		Instruments		(Pledged)		Net Amount
Assets:
Derivatives	$	85	$	85	$	—	$	—	$	—	$	—
Liabilities:
Derivatives		(10,760)		(85)		(10,676)		—		—		(10,676)
Net derivatives liabilities	$	(10,676)	$	—	$	(10,676)	$	—	$	—	$	(10,676)

Parent Company

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of fair value and notional amounts of derivative contracts by major product type on a gross basis

	As of March 31, 2016
	Assets				Liabilities
The Company	Notional(1)		Fair Value		Notional(1)		Fair Value
Interest rate contracts	$	—	$	—	$	250,000	$	66
Foreign exchange contracts		22,018		1,038		62,348		2,402
Total derivatives, at fair value	$	22,018	$	1,038	$	312,348	$	2,468

(1) Represents the total contractual amount of derivative assets and liabilities outstanding.

	As of December 31, 2015
	Assets				Liabilities
The Company	Notional(1)		Fair Value		Notional(1)		Fair Value
Interest rate contracts	$	—	$	—	$	250,000	$	214
Foreign exchange contracts		94,634		1,339		53,245		176
Total derivatives, at fair value	$	94,634	$	1,339	$	303,245	$	390

(1) Represents the total contractual amount of derivative assets and liabilities outstanding.

Schedule of setoff and related arrangements associated with the derivative and other financial instruments

							Gross Amounts
							Not Offset
							in the Statement
	Gross Amounts of		Gross Amounts		Net Amounts of		of Financial Condition
	Recognized Assets		Offset in Assets		Assets (Liabilities)		Financial
The Company as of March 31, 2016	(Liabilities)		(Liabilities)		Presented		Instruments		Net Amount
Assets:
Derivatives	$	1,038	$	—	$	1,038	$	(2,401)	$	(1,363)
Liabilities:
Derivatives		(2,468)		—		(2,468)		2,401		(67)
Net derivatives liabilities	$	(1,430)	$	—	$	(1,430)	$	—	$	(1,430)

							Gross Amounts
							Not Offset
							in the Statement
	Gross Amounts of		Gross Amounts		Net Amounts of		of Financial Condition
	Recognized Assets		Offset in Assets		Assets (Liabilities)		Financial
The Company as of December 31, 2015	(Liabilities)		(Liabilities)		Presented		Instruments		Net Amount
Assets:
Derivatives	$	1,339	$	—	$	1,339	$	(176)	$	1,163
Liabilities:
Derivatives		(390)		—		(390)		176		(214)
Net derivatives assets	$	949	$	—	$	949	$	—	$	949