DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The following tables identify the fair value and notional amounts of derivative contracts by major product type on a gross basis for the Company and the Consolidated Funds as of March 31, 2017 and December 31, 2016:  

	As of March 31, 2017								As of December 31, 2016
	Assets				Liabilities				Assets				Liabilities
The Company	Notional(1)		Fair Value		Notional(1)		Fair Value		Notional(1)		Fair Value		Notional(1)		Fair Value
Foreign exchange contracts	$	53,922	$	2,448	$	—	$	—	$	62,830	$	3,171	$	—	$	—
Total derivatives, at fair value(2)	$	53,922	$	2,448	$	—	$	—	$	62,830	$	3,171	$	—	$	—

	As of March 31, 2017										As of December 31, 2016
	Assets				Liabilities						Assets				Liabilities
Consolidated Funds	Notional(1)		Fair Value		Notional(1)			Fair Value			Notional(1)		Fair Value		Notional(1)			Fair Value
Foreign exchange contracts	$	25,381	$	92	$	(7,278	)	$	(71	)	$	25,304	$	529	$	—		$	—
Other financial instruments	5,767		1,027		(1,272		)	(182		)	3,575		291		(204		)	(2,999		)
Total derivatives, at fair value(3)	31,148		1,119		(8,550		)	(253		)	28,879		820		(204		)	(2,999		)
Other—equity(4)	253		24		—			—			253		24		—			—
Total	$	31,401	$	1,143	$	(8,550	)	$	(253	)	$	29,132	$	844	$	(204	)	$	(2,999	)

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

(2) There were no rights of offset at March 31, 2017 and December 31, 2016.

(3) As of March 31, 2017, the Consolidated Funds offset $0.5 million of their derivative assets and liabilities, and had the right to, but elected not to, offset an additional $0.1 million. As of December 31, 2016, the Consolidated Funds offset $1.4 million of their derivative assets and liabilities.

(4) Includes the fair value of warrants which are presented as equity securities within investments of the Consolidated Funds in the Condensed Consolidated Statements of Financial Condition.