Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2019

Amounts due for investment advisory fee receivables from related parties were comprised of the following at December 31 (in millions):



	2019		2018
Investment advisory fee receivable from unconsolidated Funds⁽²⁾	$	15.2	$	25.3
Total amounts due for investment advisory fee receivables from related parties	$	15.2	$	25.3

Investments in related parties consisted of the following at December 31 (in millions):



	2019		2018
Investments in equity-accounted investees (Note 6)	$	2.0	$	1.9
Total related party investments	$	2.0	$	1.9

Related party transactions included in the Company’s Consolidated Statements of Operations for the years ended December 31 consisted of (in millions):



Revenues:	2019		2018		2017
Management fees from OM plc business units⁽¹⁾	$	—	$	—	$	8.5
Management fees from unconsolidated Funds⁽²⁾	211.8		266.4		274.9
Performance fees from unconsolidated Funds⁽²⁾	1.2		2.2		0.1
Total related party revenues	$	213.0	$	268.6	$	283.5
Expenses:
Rent and administrative costs recharged by OM plc business units⁽³⁾	—		—		0.2
Recharged OM plc operational costs⁽⁴⁾	—		—		0.4
Total related party expenses	$	—	$	—	$	0.6


(1)	OM plc was considered a related party through November 17, 2017, at which point OM plc sold all but a deminimus amount of the Company’s ordinary shares (see Note 1). Therefore, revenue and expenses reported in the table above reflect OM plc as a related party through November 17, 2017. OM plc was not considered a related party thereafter.


(2)	Transactions with unconsolidated Affiliate-sponsored Funds are considered related party items on the basis of the Company’s significant influence over the activities of such entities in its capacity as investment advisor thereto. These transactions are comprised of fees for advisory services and investments in unconsolidated funds.


(3)	The Company conducts a portion of its distribution activities out of the United Kingdom, and had entered into contractual arrangements with a related business units domiciled there to share their premises and leverage certain of their administrative functions.

(4)

OM plc historically provided the Company with various oversight services, including governance, which included compensation for board and executive committees, investor relations, procurement of insurance coverage, human resources, financial reporting, internal audit, treasury, systems, risk and tax services. All of these services were transitioned to the Company in 2017. That portion of the above costs which (i) were directly attributable to the Company, (ii) were charged to the Company by OM plc and (iii) were paid to OM plc by the Company, have been recorded in the Company’s Consolidated Financial Statements and were $0.4 million for the year ended December 31, 2017.