Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying amount of intangible assets

The following table summarizes the carrying amount of intangible assets as of September 30, 2015 and December 31, 2014:

	As of
	September 30, 2015			December 31, 2014
	(Dollars in millions)
Acquired contractual rights	$	833.7		$	843.0
Acquired trademarks	6.6			6.7
Accumulated amortization	(714.4		)	(455.1		)
Finite-lived intangible assets, net	125.9			394.6
Goodwill	45.7			47.5
Intangible assets, net	$	171.6		$	442.1

Carrying amount of goodwill by segment

The following table summarizes the changes in the carrying amount of goodwill by segment as of September 30, 2015. There was no goodwill associated with the Partnership’s Corporate Private Equity and Real Assets segments.

	Global Market Strategies		Investment Solutions			Total
	(Dollars in millions)
Balance as of December 31, 2014	$	28.0	$	19.5		$	47.5
Foreign currency translation	—		(1.8		)	(1.8		)
Balance as of September 30, 2015	$	28.0	$	17.7		$	45.7

Summary of expected amortization expense

The following table summarizes the expected amortization expense for October 1, 2015 through December 31, 2019 and thereafter (Dollars in millions):

2015	$	12.1
2016	38.3
2017	35.2
2018	19.2
2019	9.0
Thereafter	12.1
	$	125.9