Investments (Tables)

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Summary of investments

The following is a summary of Investments:

	As of
	September 30, 2022		December 31, 2021
	(in thousands)
Equity Investments, at Fair Value
Equity Securities	$	23,687	$	82,900
Mutual Funds		—		7,319
Total Equity Investments, at Fair Value		23,687		90,219
Trading Securities, at Fair Value
Leveraged Loans		21,268		—
Corporate Bonds		2,951		—
Total Trading Securities, at Fair Value		24,219		—
Investments in Equity Method Investees		23,085		5,287
Total	$	70,991	$	95,506

Investments, at Fair Value

Investment, at Fair Value

Investments, at Fair Value consisted of the following at September 30, 2022:

	Cost		Unrealized Gain/(Loss)			Fair Value
	(in thousands)
Equity Securities	$	29,824	$	(6,137	)	$	23,687
Mutual Funds		—		—			—
Total Equity Investments, at Fair Value	$	29,824	$	(6,137	)	$	23,687

Trading Securities, at Fair Value consisted of the following at September 30, 2022:

	Cost		Unrealized Gain/(Loss)			Fair Value
	(in thousands)
Leveraged Loans	$	21,884	$	(616	)	$	21,268
Corporate Bonds		2,959		(8	)		2,951
Total Trading Securities, at Fair Value	$	24,843	$	(624	)	$	24,219

Securities Sold Short, at Fair Value consisted of the following at September 30, 2022:

	Proceeds		Unrealized (Gain)/Loss			Fair Value
	(in thousands)
Equity Securities	$	300	$	(69	)	$	231
Total Securities Sold Short, at Fair Value	$	300	$	(69	)	$	231

Investments, at Fair Value consisted of the following at December 31, 2021:

	Cost		Unrealized Gain/(Loss)			Fair Value
	(in thousands)
Equity Securities	$	80,480	$	2,420		$	82,900
Mutual Funds		7,328		(9	)		7,319
Total Equity Investments, at Fair Value	$	87,808	$	2,411		$	90,219

Securities Sold Short, at Fair Value consisted of the following at December 31, 2021:

	Proceeds		Unrealized (Gain)/Loss			Fair Value
	(in thousands)
Equity Securities	$	259	$	(22	)	$	237
Total Securities Sold Short, at Fair Value	$	259	$	(22	)	$	237