Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Assets
Investments	$ 221.9	$ 98.6
Total assets	703.2	611.4
Liabilities and stockholders’ equity
Other compensation liabilities	92.5	67.5
Operating lease liabilities	67.3
Securities sold short	20.4	4.0
Total liabilities	616.1	561.9
Commitments and contingencies
Equity:
Total equity and redeemable non-controlling interests in consolidated Funds	87.1	49.5
Total liabilities and equity	703.2	611.4
Consolidated Entity Excluding Consolidated Funds
Assets
Cash and cash equivalents	94.8	146.8
Investment advisory fees receivable	164.7	143.4
Income taxes receivable	3.0	2.7
Fixed assets, net	35.7	44.2
Right of use assets	52.5	57.2
Investments	67.9	64.7
Goodwill	20.3	20.3
Other assets	26.7	27.2
Deferred tax assets	78.3	69.7
Liabilities and stockholders’ equity
Accounts payable and accrued expenses	37.9	39.1
Accrued incentive compensation	119.6	101.3
Other compensation liabilities	92.5	67.5
Accrued income taxes	3.3	2.6
Operating lease liabilities	67.3	72.4
Other liabilities	0.0	0.8
Revolving credit facility	0.0	0.0
Third party borrowings	274.3	273.9
Equity:
Common stock (par value $0.001; 37,477,707 and 41,372,291 shares, respectively, issued)	0.0	0.0
Additional paid-in capital	0.0	0.0
Retained earnings	24.4	46.9
Accumulated other comprehensive loss	(4.4)	(6.7)
Consolidated Funds
Assets
Investments	154.0	33.9
Other assets	1.6	0.5
Cash and cash equivalents, restricted	3.7	0.8
Liabilities and stockholders’ equity
Accounts payable and accrued expenses	0.5	0.2
Other liabilities	0.3	0.1
Securities sold short	20.4	4.0
Redeemable non-controlling interests in consolidated Funds	$ 67.1	$ 9.3