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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:      
Total revenue $ 417.2 $ 523.8 $ 499.5
Operating expenses:      
Impairment of goodwill 0.0 0.0  
Total operating expenses 249.3 378.0 367.8
Operating income 167.9 145.8 131.7
Non-operating income and (expense):      
Loss on extinguishment of debt (3.2)    
Gain on sale of subsidiaries   48.6  
Total non-operating income (23.1) 32.3 213.1
Income from continuing operations before taxes 144.8 178.1 344.8
Income tax expense 44.2 50.0 97.1
Income from continuing operations 100.6 128.1 247.7
Income from discontinued operations, net of tax 0.0 77.3 67.8
Gain on disposal of discontinued operations, net of tax 0.0 691.0 0.0
Net income 100.6 896.4 315.5
Net income attributable to non-controlling interests in consolidated Funds   68.0 28.8
Net income attributable to controlling interests $ 100.6 $ 828.4 $ 286.7
Earnings per share (basic) attributable to controlling interests (in dollars per share) $ 2.39 $ 10.73 $ 3.53
Earnings per share (diluted) attributable to controlling interests (in dollars per share) 2.33 10.29 3.49
Continuing operations earnings per share (basic) attributable to controlling interests (in dollars per share) 2.39 1.66 3.04
Continuing operations earnings per share (diluted) attributable to controlling interests (in dollars per share) $ 2.33 $ 1.59 $ 3.01
Weighted average shares outstanding (in shares) 42,056,278 77,213,010 81,259,778
Weighted average diluted shares outstanding (in shares) 43,156,269 80,485,924 82,036,203
Consolidated Entity Excluding Consolidated Funds      
Revenue:      
Other revenue $ 0.0 $ 5.7 $ 7.3
Operating expenses:      
Compensation and benefits 159.2 284.6 243.1
General and administrative expense 71.1 71.2 88.0
Impairment of goodwill 0.0 0.0 16.4
Amortization of acquired intangibles 0.1 0.1 0.3
Depreciation and amortization 18.5 22.1 19.8
Non-operating income and (expense):      
Investment income (loss) 0.2 8.3 4.9
Interest income 0.8 0.2 0.6
Interest expense (20.5) (24.8) (28.5)
Loss on extinguishment of debt (3.2) 0.0 0.0
Gain on sale of subsidiaries 0.0 48.6 241.3
Gain on disposal of discontinued operations, net of tax 0.0 691.0 0.0
Consolidated Funds      
Revenue:      
Total revenue 0.4 0.0 5.5
Operating expenses:      
Total operating expenses 0.4 0.0 0.2
Non-operating income and (expense):      
Net consolidated Funds’ investment gains (losses) (0.4) 0.0 (5.2)
Income from discontinued operations, net of tax 0.0 77.3 67.8
Net income attributable to non-controlling interests in consolidated Funds 0.0 68.0 28.8
Management fees      
Revenue:      
Management fee revenue 367.4 433.3 478.9
Management fees | Consolidated Entity Excluding Consolidated Funds      
Revenue:      
Management fee revenue 367.4 433.3 478.9
Performance fees | Consolidated Entity Excluding Consolidated Funds      
Revenue:      
Management fee revenue $ 49.4 $ 84.8 $ 7.8