ACQUISITIONS, GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following is a summary of the estimated fair values of assets acquired and liabilities assumed for the Harbourmaster acquisition:

Purchase Price—Cash	$	232,044
Fair Value of Assets Acquired and Liabilities Assumed
Assets
Cash	$	75,072
Investments in CLOs		9,305
Accounts Receivable		9,329
Other Assets		17,651
Intangible Assets		142,221
		253,578
Liabilities Assumed
Accounts Payable, Accrued Expenses and Other Liabilities		21,534
Net Assets Acquired	$	232,044

Intangible Assets, Net

Intangible Assets, Net consists of the following:

	December 31,
	2013			2012
Finite-Lived Intangible Assets / Contractual Rights	$	1,594,128		$	1,536,244
Accumulated Amortization		(1,033,380	)		(937,709	)
Intangible Assets, Net	$	560,748		$	598,535

Changes in Partnership's Intangible Assets, Net

Changes in the Partnership’s Intangible Assets, Net consists of the following:

	Year Ended December 31,
	2013			2012			2011
Balance, Beginning of Year	$	598,535		$	595,488		$	779,311
Amortization Expense		(95,671	)		(139,174	)		(207,591	)
Acquisitions		57,884			142,221			23,768
Balance, End of Year	$	560,748		$	598,535		$	595,488