Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Assets
Investments	$ 208.7	$ 221.9
Total assets	677.3	703.2
Liabilities and stockholders’ equity
Operating lease liabilities	65.5
Total liabilities	584.8	616.1
Commitments and contingencies
Equity:
Total equity and redeemable non-controlling interests in consolidated Funds	92.5	87.1
Total liabilities and equity	677.3	703.2
Consolidated Entity Excluding Consolidated Funds
Assets
Cash and cash equivalents	119.6	94.8
Investment advisory fees receivable	132.0	164.7
Income taxes receivable	0.0	3.0
Fixed assets, net	33.9	35.7
Right of use assets	50.9	52.5
Investments	52.9	67.9
Goodwill	20.3	20.3
Other assets	26.5	26.7
Deferred tax assets	77.0	78.3
Liabilities and stockholders’ equity
Accounts payable and accrued expenses	26.3	37.9
Accrued incentive compensation	34.6	119.6
Other compensation liabilities	76.2	92.5
Accrued income taxes	6.2	3.3
Operating lease liabilities	65.5	67.3
Revolving credit facility	80.0	0.0
Third party borrowings	274.4	274.3
Equity:
Common stock (par value $0.001; 36,721,016 and 37,477,707 shares, respectively, issued)	0.0	0.0
Additional paid-in capital	0.0	0.0
Retained earnings	24.9	24.4
Accumulated other comprehensive loss	(3.2)	(4.4)
Consolidated Funds
Assets
Investments	155.8	154.0
Other assets	4.8	1.6
Cash and cash equivalents, restricted	3.6	3.7
Liabilities and stockholders’ equity
Accounts payable and accrued expenses	0.8	0.5
Other liabilities	0.5	0.3
Securities sold short	20.3	20.4
Redeemable non-controlling interests in consolidated Funds	$ 70.8	$ 67.1