Revenue (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Schedule of disaggregation of revenue

Management fee revenue by segment and asset class is comprised of the following for the three and nine months ended September 30 (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Quant & Solutions
Global / non-U.S. equity	$	87.9	$	92.7	$	255.3	$	276.8
Alternatives
Alternatives	43.2		37.2		126.4		124.5
Liquid Alpha(1)
Global / non-U.S. equity	17.8		21.9		56.5		70.6
Fixed income	6.1		6.6		18.5		19.5
U.S. equity	23.2		38.0		70.7		118.4
Management fee revenue	$	178.2	$	196.4	$	527.4	$	609.8

(1)In July 2020, the Company completed the sale of Copper Rock and announced the divestiture of Barrow Hanley. See Note 3, Divestitures and Assets and Liabilities Held for Sale for further discussion of divestitures. The financial results of Barrow Hanley are included in the Liquid Alpha segment for the three and nine months ended September 30, 2020. The financial results of Copper Rock are included in the Liquid Alpha segment until July 24, 2020, the completion of the sale.