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FAIR VALUE (Valuation Techniques) (Details)
$ in Thousands
Sep. 30, 2019
USD ($)
Dec. 31, 2018
USD ($)
Consolidated Funds    
Assets    
Equity securities $ 152,026 $ 196,470
Partnership interests 299,157 271,447
Collateralized loan obligations 7,407,720 6,678,091
Other fixed income 7,820,298 7,205,248
Derivative instruments   3,209
Total assets 8,272,759 7,676,374
Liabilities    
Liabilities, at fair value (7,411,533) (6,680,603)
Consolidated Funds | Level III    
Assets    
Equity securities 114,841 150,752
Partnership interests 299,157 271,447
Collateralized loan obligations 0 0
Other fixed income 285,160 547,958
Derivative instruments   1,328
Total assets 699,394 971,485
Liabilities    
Liabilities, at fair value (2,788) (648)
Consolidated Funds | Level III | Transaction price    
Assets    
Equity securities 43,066 85,319
Consolidated Funds | Level III | Discounted cash flow    
Assets    
Equity securities   $ 271,447
Partnership interests $ 299,157  
Consolidated Funds | Level III | Discounted cash flow | Discount rate    
Unobservable Input    
Equity securities   0.208
Partnership interest 0.207  
Consolidated Funds | Level III | Discounted cash flow | Discount rate | Weighted Average    
Unobservable Input    
Equity securities   0.208
Partnership interest 0.207  
Consolidated Funds | Level III | Broker quotes and/or 3rd party pricing services    
Assets    
Other fixed income $ 210,969 $ 441,368
Derivative instruments 236 1,328
Liabilities    
Derivatives instruments (2,788) (648)
Consolidated Funds | Level III | Other    
Assets    
Equity securities $ 71,056 $ 41,562
Consolidated Funds | Level III | Other | Net income multiple    
Unobservable Input    
Equity securities   38.8
Consolidated Funds | Level III | Other | Net income multiple | Minimum    
Unobservable Input    
Equity securities 35.7  
Consolidated Funds | Level III | Other | Net income multiple | Maximum    
Unobservable Input    
Equity securities 39.0  
Consolidated Funds | Level III | Other | Net income multiple | Weighted Average    
Unobservable Input    
Equity securities 37.1 38.8
Consolidated Funds | Level III | Other | Illiquidity discount    
Unobservable Input    
Equity securities 0.250 0.250
Consolidated Funds | Level III | Other | Illiquidity discount | Weighted Average    
Unobservable Input    
Equity securities 0.250 0.250
Consolidated Funds | Level III | Enterprise value market multiple analysis    
Assets    
Equity securities $ 719 $ 23,871
Consolidated Funds | Level III | Enterprise value market multiple analysis | EBITDA multiple | Minimum    
Unobservable Input    
Equity securities 9.0 7.2
Consolidated Funds | Level III | Enterprise value market multiple analysis | EBITDA multiple | Maximum    
Unobservable Input    
Equity securities 21.0 22.9
Consolidated Funds | Level III | Enterprise value market multiple analysis | EBITDA multiple | Weighted Average    
Unobservable Input    
Equity securities 14.6 7.7
Consolidated Funds | Level III | Income approach    
Assets    
Other fixed income $ 74,191 $ 106,590
Consolidated Funds | Level III | Income approach | Yield | Minimum    
Unobservable Input    
Fixed income securities 0.049 0.010
Consolidated Funds | Level III | Income approach | Yield | Maximum    
Unobservable Input    
Fixed income securities 0.131 0.148
Consolidated Funds | Level III | Income approach | Yield | Weighted Average    
Unobservable Input    
Fixed income securities 0.097 0.096
Ares Management L.P    
Assets    
Equity securities $ 13,560 $ 11,681
Partnership interests 36,765 36,053
Total assets 137,039 109,624
Liabilities    
Liabilities, at fair value (163) (869)
Ares Management L.P | Level III    
Assets    
Equity securities 12,397 10,397
Partnership interests 35,192 35,192
Total assets 130,102 106,413
Liabilities    
Liabilities, at fair value 0 0
Ares Management L.P | Level III | Transaction price    
Assets    
Equity securities 12,397 10,397
Ares Management L.P | Level III | Discounted cash flow    
Assets    
Partnership interests $ 35,192 $ 35,192
Ares Management L.P | Level III | Discounted cash flow | Discount rate    
Unobservable Input    
Partnership interest 0.080 0.080
Ares Management L.P | Level III | Broker quotes and/or 3rd party pricing services    
Assets    
Collateralized loan obligations $ 23,417 $ 20,824
Ares Management L.P | Level III | Other    
Assets    
Other fixed income $ 59,096 $ 40,000