Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net income (loss)	$ 117,451	$ 169,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Bad debt expense (benefit)	90	1,301
Depreciation and amortization	3,880	3,086
Equity-based compensation	67,923	80,004
Deferred tax provision	27,632	24,206
Other	6,458	(5,433)
Changes in assets and liabilities:
Accounts receivable	(9,864)	15,614
Accrued and other receivables	1,946	(14,679)
Prepaid expenses and other assets	(26,389)	(2,797)
Deferred compensation	(9,462)	(3,988)
Compensation payable	(353,855)	(32,221)
Accounts payable, accrued expenses and other liabilities	(45,084)	(13,411)
Deferred revenue	2,306	8,897
Dividends received	2,029	2,279
Net cash provided by (used in) operating activities	(214,939)	231,858
Cash flows from investing activities
Purchases of investments	(191,621)	(116,802)
Proceeds from sales of investments	254,500	201,834
Note payments received from (issued to) employees		70
Purchases of equipment and leasehold improvements	(2,794)	(10,101)
Net cash provided by (used in) investing activities	60,085	75,001
Cash flows from financing activities
Payments for dividends and tax distributions	(88,137)	(218,334)
Payments for treasury stock purchases	(132,831)	(95,923)
Payments under tax receivable agreement	(248)
Other proceeds	100
Net cash provided by (used in) financing activities	(221,116)	(314,257)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash	(5,610)	1,642
Net increase (decrease) in cash, cash equivalents, and restricted cash	(381,580)	(5,756)
Cash, cash equivalents, and restricted cash, beginning of period	521,014	203,284
Cash, cash equivalents, and restricted cash, end of period	139,434	197,528
Cash paid during the period for:
Income taxes, net	72,466	24,464
Other non-cash activity
Class A Partnership Units or other equity converted into Class A Common Stock	7,645	4,109
'Dividends in kind	$ 10,903	28,209
Forfeiture of fully-vested Group LP units or other equity units		$ 25