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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue:      
Revenue $ 807.0 $ 905.0 $ 858.0
Total revenue 819.5 928.2 887.4
Operating expenses:      
Amortization of acquired intangibles 6.6 6.6 6.6
Total operating expenses 569.2 844.4 816.4
Operating income 250.3 83.8 71.0
Non-operating income and (expense):      
Total non-operating income 7.7 51.4 71.0
Income from continuing operations before taxes 258.0 135.2 142.0
Income tax expense 18.0 5.0 132.8
Income from continuing operations 240.0 130.2 9.2
Gain (loss) on disposal of discontinued operations, net of tax 0.0 0.1 (0.1)
Net income 240.0 130.3 9.1
Net income attributable to controlling interests $ 223.9 $ 136.4 $ 4.2
Earnings Per Share, Basic and Diluted [Abstract]      
Earnings per share (basic) attributable to controlling interests (in dollars per share) $ 2.45 $ 1.27 $ 0.04
Earnings per share (diluted) attributable to controlling interests (in dollars per share) 2.45 1.26 0.04
Continuing operations earnings per share (basic) attributable to controlling interests (in dollars per share) 2.45 1.27 0.04
Continuing operations earnings per share (diluted) attributable to controlling interests (in dollars per share) $ 2.45 $ 1.26 $ 0.04
Weighted average shares outstanding (in shares) 91,205,412 107,431,821 110,708,598
Weighted average diluted shares outstanding (in shares) 91,268,952 107,623,192 111,381,142
Consolidated Entity Excluding Consolidated Funds      
Revenue:      
Other revenue $ 6.0 $ 9.6 $ 1.2
Operating expenses:      
Compensation and benefits 416.2 696.4 682.8
General and administrative expense 128.8 126.0 112.9
Amortization of acquired intangibles 6.6 6.6 6.6
Depreciation and amortization 17.2 14.5 11.7
Non-operating income and (expense):      
Investment income 16.8 66.5 27.4
Interest income 2.2 3.2 0.8
Interest expense (32.2) (24.9) (24.5)
Revaluation of DTA deed 0.0 20.0 51.8
Net consolidated Funds’ investment gains (losses) 16.8 66.5 27.4
Gain (loss) on disposal of discontinued operations, net of tax 0.0 0.1 (0.1)
Consolidated Funds      
Revenue:      
Total revenue 6.6 3.8 1.7
Operating expenses:      
Total operating expenses 0.4 0.9 2.4
Non-operating income and (expense):      
Net consolidated Funds’ investment gains (losses) 20.9 (13.4) 15.5
Net income (loss) attributable to non-controlling interests in consolidated Funds 16.1 (6.1) 4.9
Management fees | Consolidated Entity Excluding Consolidated Funds      
Revenue:      
Revenue 807.0 905.0 858.0
Performance fees | Consolidated Entity Excluding Consolidated Funds      
Revenue:      
Revenue $ (0.1) $ 9.8 $ 26.5