Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Net income (loss)	$ (9,683)	$ 117,451
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Bad debt expense (benefit)	42	90
Depreciation and amortization	4,009	3,880
Equity-based compensation	93,219	67,923
Deferred tax provision	(5,135)	27,632
Other	(2,881)	6,458
Changes in assets and liabilities:
Accounts receivable	11,948	(9,864)
Accrued and other receivables	(6,947)	1,946
Prepaid expenses and other assets	1,956	(26,389)
Deferred compensation	(12,555)	(9,462)
Compensation payable	(174,492)	(353,855)
Accounts payable, accrued expenses and other liabilities	14,681	(45,084)
Deferred revenue	2,661	2,306
Dividends received	2,189	2,029
Net cash provided by (used in) operating activities	(80,988)	(214,939)
Cash flows from investing activities
Purchases of investments	(34,615)	(191,621)
Proceeds from sales of investments	213,331	254,500
Purchases of equipment and leasehold improvements	(6,684)	(2,794)
Net cash provided by (used in) investing activities	172,032	60,085
Cash flows from financing activities
Payments for dividends and tax distributions	(92,953)	(88,137)
Payments for treasury stock purchases	(44,756)	(132,831)
Payments under tax receivable agreement		(248)
Other proceeds		100
Net cash provided by (used in) financing activities	(137,709)	(221,116)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash	(60)	(5,610)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(46,725)	(381,580)
Cash, cash equivalents, and restricted cash, beginning of period	207,539	521,014
Cash, cash equivalents, and restricted cash, end of period	160,814	139,434
Cash paid during the period for:
Income taxes, net	2,622	72,466
Other non-cash activity
Class A Partnership Units or other equity converted into Class A Common Stock	302	7,645
Dividends in kind	11,199	10,903
Corporate Joint Venture
Changes in assets and liabilities:
Dividends received	$ 2,189	$ 2,029