NET RESULTS OF CONSOLIDATED ENTITIES (Notes)

12 Months Ended

Dec. 31, 2015

Net Gain (Loss) From Activities Of Consolidated Entities

Net Gain (Loss) from Activities of Consolidated Variable Interest Entities [Text Block]

Net Results of Consolidated Entities

Pursuant to the adoption of ASU 2015-02 (Note 3), the Company deconsolidated 30 CLOs and the Senior Secured Corporate Loan Fund from its Consolidated Financial Statements on January 1, 2015. The following table is a summary of net results of the Consolidated Entities:

	For the Year Ended December 31,
	2015			2014
	(In thousands)
Investment income	$	25,106		$	517,252
Interest expense	9,904			171,931
Net investment income	15,202			345,321
Net gain (loss) on investments	(26,114		)	(228,777		)
Net gain (loss) on liabilities	24,746			(8,996		)
Net gain (loss) on other investments and derivatives	2,970			2,031
Net gain (loss) from activities of Consolidated Entities	$	16,804		$	109,579
Expenses of Consolidated Entities	10,774			40,074
Net Results of Consolidated Entities	$	6,030		$	69,505