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FAIR VALUE (Changes in Fair Value of Level III Measurements) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Consolidated Funds        
Changes in the fair value of the Level III investments        
Balance, beginning of period $ 700,059 $ 918,796 $ 970,837 $ 663,702
Deconsolidation of fund     (184,918) (233)
Transfer in 122,554 118,748 85,179 68,665
Transfer out (103,148) (264,659) (199,498) (49,463)
Purchases 97,721 133,784 303,785 287,278
Sales/settlements (122,643) (77,596) (288,580) (162,953)
Amortized discounts/premiums 90 (42) 21 (72)
Realized and unrealized appreciation (depreciation), net 1,973 5,964 9,780 28,071
Balance, end of period 696,606 834,995 696,606 834,995
Increase (decrease) in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date 2,930 (9,571) 6,678 29,962
Consolidated Funds | Equity securities        
Changes in the fair value of the Level III investments        
Balance, beginning of period 131,732 184,583 150,752 162,577
Deconsolidation of fund     (10,325) 0
Transfer in 0 0 0 0
Transfer out 0 0 0 0
Purchases 710 0 11,595 0
Sales/settlements (13,597) 0 (18,734) 0
Amortized discounts/premiums 0 0 0 0
Realized and unrealized appreciation (depreciation), net (4,004) (4,224) (18,447) 17,782
Balance, end of period 114,841 180,359 114,841 180,359
Increase (decrease) in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date (3,582) (13,164) (18,018) 17,782
Consolidated Funds | Fixed Income        
Changes in the fair value of the Level III investments        
Balance, beginning of period 274,412 482,375 547,958 267,889
Deconsolidation of fund     (174,593) (233)
Transfer in 122,554 118,624 85,179 68,665
Transfer out (103,148) (264,659) (199,498) (49,463)
Purchases 95,011 124,784 282,190 262,278
Sales/settlements (102,198) (78,395) (260,422) (163,559)
Amortized discounts/premiums 107 (46) 17 (62)
Realized and unrealized appreciation (depreciation), net (1,578) 1,350 4,329 (1,482)
Balance, end of period 285,160 384,033 285,160 384,033
Increase (decrease) in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date (765) 3,468 1,017 593
Consolidated Funds | Partnership interests        
Changes in the fair value of the Level III investments        
Balance, beginning of period 293,857 251,608 271,447 232,332
Deconsolidation of fund     0 0
Transfer in 0 0 0 0
Transfer out 0 0 0 0
Purchases 2,000 9,000 10,000 25,000
Sales/settlements (5,000) 0 (7,000) 0
Amortized discounts/premiums 0 0 0 0
Realized and unrealized appreciation (depreciation), net 8,300 9,174 24,710 12,450
Balance, end of period 299,157 269,782 299,157 269,782
Increase (decrease) in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date 8,300 0 24,710 12,450
Consolidated Funds | Derivatives, Net        
Changes in the fair value of the Level III investments        
Balance, beginning of period 58 230 680 904
Deconsolidation of fund     0 0
Transfer in 0 124 0 0
Transfer out 0 0 0 0
Purchases 0 0 0 0
Sales/settlements (1,848) 799 (2,424) 606
Amortized discounts/premiums (17) 4 4 (10)
Realized and unrealized appreciation (depreciation), net (745) (336) (812) (679)
Balance, end of period (2,552) 821 (2,552) 821
Increase (decrease) in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date (1,023) 125 (1,031) (863)
Ares Management L.P        
Changes in the fair value of the Level III investments        
Balance, beginning of period 111,640 69,344 106,413 239,927
Deconsolidation of fund     10,021 78
Transfer in   500   250
Purchases 25,010 3,064 29,157 52,045
Sales/settlements (5,243) (1,976) (16,413) (222,546)
Realized and unrealized appreciation (depreciation), net (1,305) 3,942 924 5,120
Balance, end of period 130,102 74,874 130,102 74,874
Increase (decrease) in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date (1,357) 3,977 1,121 5,559
Ares Management L.P | Equity securities        
Changes in the fair value of the Level III investments        
Balance, beginning of period 12,397 0 10,397 0
Deconsolidation of fund     0 0
Transfer in   500   250
Purchases 0 750 2,000 1,000
Sales/settlements 0 0 0 0
Realized and unrealized appreciation (depreciation), net 0 9,147 0 9,147
Balance, end of period 12,397 10,397 12,397 10,397
Increase (decrease) in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date 0 9,147 0 9,147
Ares Management L.P | Fixed Income        
Changes in the fair value of the Level III investments        
Balance, beginning of period 64,051 22,125 60,824 195,158
Deconsolidation of fund     10,021 78
Transfer in   0    
Purchases 25,010 2,314 27,157 51,045
Sales/settlements (5,243) (1,976) (16,413) (222,546)
Realized and unrealized appreciation (depreciation), net (1,305) 185 924 (1,087)
Balance, end of period 82,513 22,648 82,513 22,648
Increase (decrease) in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date (1,357) 220 1,121 (648)
Ares Management L.P | Partnership interests        
Changes in the fair value of the Level III investments        
Balance, beginning of period 35,192 47,219 35,192 44,769
Deconsolidation of fund     0 0
Transfer in   0    
Purchases 0 0 0 0
Sales/settlements 0 0 0 0
Realized and unrealized appreciation (depreciation), net 0 (5,390) 0 (2,940)
Balance, end of period 35,192 41,829 35,192 41,829
Increase (decrease) in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date $ 0 $ (5,390) $ 0 $ (2,940)