CORPORATE LOANS (Tables)

3 Months Ended

Mar. 31, 2016

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Schedule of corporate loans

The following table summarizes the Company’s corporate loans as of March 31, 2016 and December 31, 2015 (amounts in thousands):

	March 31, 2016						December 31, 2015
	Par		Amortized  Cost		Estimated Fair Value		Par		Amortized  Cost		Estimated Fair Value
Corporate loans, at estimated fair value	$	5,275,132	$	5,164,654	$	4,783,419	$	5,722,646	$	5,619,815	$	5,188,610
Total	$	5,275,132	$	5,164,654	$	4,783,419	$	5,722,646	$	5,619,815	$	5,188,610

Schedule of realized and unrealized (losses) gains from corporate loans

The following tables present the Company’s realized and unrealized gains (losses) from corporate loans (amounts in thousands):

	Three months ended March 31, 2016			Three months ended March 31, 2015
Net realized gains (losses)	$	(30,714	)	$	(16,182	)
Net (increase) decrease in unrealized losses	44,923			82,274
Net realized and unrealized gains (losses)	$	14,209		$	66,092

Schedule of corporate loans pledged as collateral

The following table summarizes the corporate loans, at estimated fair value, pledged as collateral as of March 31, 2016 and December 31, 2015 (amounts in thousands):

	March 31, 2016		December 31, 2015
Pledged as collateral for collateralized loan obligation secured debt	$	4,491,601	$	4,917,123
Total	$	4,491,601	$	4,917,123