VARIABLE INTEREST ENTITIES (Tables)

3 Months Ended

Mar. 31, 2014

Assets and Liabilities Related to Interest in Non-Consolidated VIEs and Maximum Exposure to Loss

The assets and liabilities recognized in the Partnership’s Condensed Consolidated Statements of Financial Condition related to the Partnership’s interest in these non-consolidated VIEs and the Partnership’s maximum exposure to loss relating to non-consolidated VIEs were as follows:

	March 31, 2014		December 31, 2013
Investments	$	901,243	$	758,304
Accounts Receivable		78,013		166,908
Due from Affiliates		35,483		86,246
Total VIE Assets		1,014,739		1,011,458
Due to Affiliates		172		397
Accounts Payable, Accrued Expenses and Other Liabilities		—		2
Potential Clawback Obligation		63,392		63,290
Maximum Exposure to Loss	$	1,078,303	$	1,075,147