Investments (Tables)

3 Months Ended

Jan. 31, 2020

Investments [Abstract]

Summary of investments

(in thousands)			January 31,		October 31,
			2020		2019
Investments held at fair value:
Short-term debt securities		$	280,590	$	297,845
Debt and equity securities held by consolidated sponsored funds			563,742		514,072
Debt and equity securities held in separately managed accounts			79,512		76,662
Non-consolidated sponsored funds and other			10,502		10,329
Total investments held at fair value			934,346		898,908
Investments held at cost			20,904		20,904
Investments in non-consolidated CLO entities			1,399		1,417
Investments in equity method investees			138,454		139,510
Total investments(1)		$	1,095,103	$	1,060,739
(1)	Excludes bank loans and other investments held by consolidated CLO entities, which are discussed in Note 4.

Summary of net gains (losses) on securities held at fair value

	Three Months Ended
	January 31,
(in thousands)	2020		2019
Realized gains (losses) on securities sold	$	3,875	$	(4,395)
Unrealized gains (losses) on investments
held at fair value		7,637		3,305
Net gains (losses) on investments held at fair value	$	11,512	$	(1,090)

Summary of equity method investees

(in thousands)		January 31,		October 31,
		2020		2019
Equity in net assets of Hexavest	$	5,536	$	5,466
Definite-lived intangible assets		18,905		19,486
Goodwill		115,598		116,319
Deferred tax liability		(5,086)		(5,243)
Total carrying value	$	134,953	$	136,028