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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, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Consolidated Funds        
Changes in the fair value of the Level III investments        
Balance, beginning of period $ 942,584 $ 700,059 $ 717,030 $ 970,837
Deconsolidation of fund       (184,918)
Additions     392,037  
Transfer in 96,671 122,554 146,839 85,179
Transfer out (230,326) (103,148) (350,078) (199,498)
Purchases 118,708 97,721 321,065 303,785
Sales/settlements (74,330) (122,643) (306,928) (288,580)
Amortized discounts/premiums 5 90 1,068 21
Realized and unrealized appreciation (depreciation), net 14,869 1,973 (52,852) 9,780
Balance, end of period 868,181 696,606 868,181 696,606
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date 12,562 2,930 (55,970) 6,678
Consolidated Funds | Equity Securities        
Changes in the fair value of the Level III investments        
Balance, beginning of period 42,259 131,732 85,988 150,752
Deconsolidation of fund       (10,325)
Additions     (635)  
Transfer in 0 0 0 0
Transfer out 0 0 0 0
Purchases 150 710 551 11,595
Sales/settlements (25) (13,597) (714) (18,734)
Amortized discounts/premiums 0 0 0 0
Realized and unrealized appreciation (depreciation), net 828 (4,004) (41,978) (18,447)
Balance, end of period 43,212 114,841 43,212 114,841
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date 878 (3,582) (41,930) (18,018)
Consolidated Funds | Fixed Income Securities        
Changes in the fair value of the Level III investments        
Balance, beginning of period 586,287 274,412 339,136 547,958
Deconsolidation of fund       (174,593)
Additions     392,672  
Transfer in 96,671 122,554 146,839 85,179
Transfer out (230,326) (103,148) (350,078) (199,498)
Purchases 118,558 95,011 256,514 282,190
Sales/settlements (73,010) (102,198) (249,027) (260,422)
Amortized discounts/premiums (135) 107 777 17
Realized and unrealized appreciation (depreciation), net 15,836 (1,578) (22,952) 4,329
Balance, end of period 513,881 285,160 513,881 285,160
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date 13,690 (765) (25,701) 1,017
Consolidated Funds | Partnership interests        
Changes in the fair value of the Level III investments        
Balance, beginning of period 312,636 293,857 296,012 271,447
Deconsolidation of fund       0
Additions     0  
Transfer in 0 0 0 0
Transfer out 0 0 0 0
Purchases 0 2,000 64,000 10,000
Sales/settlements (2,000) (5,000) (58,000) (7,000)
Amortized discounts/premiums 0 0 0 0
Realized and unrealized appreciation (depreciation), net (1,402) 8,300 7,222 24,710
Balance, end of period 309,234 299,157 309,234 299,157
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date (1,402) 8,300 7,222 24,710
Consolidated Funds | Derivatives, Net        
Changes in the fair value of the Level III investments        
Balance, beginning of period 1,402 58 (4,106) 680
Deconsolidation of fund       0
Additions     0  
Transfer in 0 0 0 0
Transfer out 0 0 0 0
Purchases 0 0 0 0
Sales/settlements 705 (1,848) 813 (2,424)
Amortized discounts/premiums 140 (17) 291 4
Realized and unrealized appreciation (depreciation), net (393) (745) 4,856 (812)
Balance, end of period 1,854 (2,552) 1,854 (2,552)
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date (604) (1,023) 4,439 (1,031)
Ares Management L.P        
Changes in the fair value of the Level III investments        
Balance, beginning of period 84,634 111,640 119,079 106,413
Deconsolidation of fund       10,021
Additions 72,967   76,653  
Purchases 5,983 25,010 7,285 29,157
Sales/settlements (899) (5,243) (34,017) (16,413)
Realized and unrealized appreciation (depreciation), net 1,429 (1,305) (4,886) 924
Balance, end of period 164,114 130,102 164,114 130,102
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date 1,429 (1,357) 1,848 1,121
Ares Management L.P | Equity Securities        
Changes in the fair value of the Level III investments        
Balance, beginning of period 14,704 12,397 14,704 10,397
Deconsolidation of fund       0
Additions 72,967   72,967  
Purchases 0 0 0 2,000
Sales/settlements 0 0 0 0
Realized and unrealized appreciation (depreciation), net (1,746) 0 (1,746) 0
Balance, end of period 85,925 12,397 85,925 12,397
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date (1,746) 0 (1,746) 0
Ares Management L.P | Fixed Income Securities        
Changes in the fair value of the Level III investments        
Balance, beginning of period 67,355 64,051 69,183 60,824
Deconsolidation of fund       10,021
Additions 0   3,686  
Purchases 5,983 25,010 7,285 27,157
Sales/settlements (899) (5,243) (1,587) (16,413)
Realized and unrealized appreciation (depreciation), net 3,175 (1,305) (2,953) 924
Balance, end of period 75,614 82,513 75,614 82,513
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date 3,175 (1,357) (1,917) 1,121
Ares Management L.P | Partnership interests        
Changes in the fair value of the Level III investments        
Balance, beginning of period 2,575 35,192 35,192 35,192
Deconsolidation of fund       0
Additions 0   0  
Purchases 0 0 0 0
Sales/settlements 0 0 (32,430) 0
Realized and unrealized appreciation (depreciation), net 0 0 (187) 0
Balance, end of period 2,575 35,192 2,575 35,192
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date $ 0 $ 0 $ 5,511 $ 0