Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating activities
Enterprise net income (loss)	$ 23,506	$ (10,054)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Equity-based compensation	1,148	1,089
Loss (gain) on other investments, at fair value	28,924	2,603
Loss (gain) on other investments, sold not yet purchased	(9,426)	(5)
Noncash advisory fees received	(8,577)	(492)
(Income) loss from equity method affiliates	(29,045)	395
Depreciation and amortization	124	144
Amortization of discount on debt	(19)	149
Deferred tax provision (benefit)	(59)	389
Change in operating assets and liabilities, net:
Change in receivables from / payables to brokers, dealers, and clearing agencies	(1,533)	9,326
Change in receivables from / payables to related parties, net	(226)	20
(Increase) decrease in other receivables	(1,411)	2,888
(Increase) decrease in investments-trading	15,425	13,971
(Increase) decrease in receivables under resale agreements	(284,030)	55,879
(Increase) decrease in other assets	551	187
Increase (decrease) in accounts payable and other liabilities	38	(4,364)
Increase (decrease) in accrued compensation	(4,314)	(6,002)
Increase (decrease) in trading securities sold, not yet purchased	(8,636)	(36,261)
Increase (decrease) in securities sold under agreements to repurchase	282,697	(57,571)
Net cash provided by (used in) operating activities	5,137	(27,709)
Investing activities
Purchase of other investments, at fair value	(25,146)	(363)
Purchase of other investments sold, not yet purchased, at fair value	(213)	0
Sales and returns of principal - other investments, at fair value	22,383	3,908
Sales and returns of principal - other investments sold, not yet purchased, at fair value	214	0
Investment in equity method affiliate	0	(736)
Distribution from equity method affiliate	5	1
Purchase of furniture, equipment, and leasehold improvements	(99)	(96)
Net cash provided by (used in) investing activities	(2,856)	2,714
Financing activities
Cash used to net share settle equity awards	(185)	(164)
Cohen & Company Inc. dividends	(245)	(215)
Convertible non-controlling interest distributions	(569)	(215)
Non-convertible non-controlling interest investment	0	38
Net cash provided by (used in) financing activities	(999)	(556)
Effect of exchange rate on cash	(103)	91
Net increase (decrease) in cash and cash equivalents	1,179	(25,460)
Cash and cash equivalents, beginning of period	10,650	29,101
Cash and cash equivalents, end of period	$ 11,829	$ 3,641