MANAGEMENT AGREEMENT AND RELATED PARTY TRANSACTIONS (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Management Agreement and Related Party Transactions
Total CLO management fees	$ 7,276,000	$ 10,220,000
Manager | Base Management Fees
Management Agreement and Related Party Transactions
Total CLO management fees	1,029,000	4,053,000
Manager | Incentive Fees
Management Agreement and Related Party Transactions
Total CLO management fees	0	0
Collateral manager | CLO Management Fees
Management Agreement and Related Party Transactions
Total CLO management fees	$ 6,247,000	$ 6,167,000