0001144204-18-066592.txt : 20181228 0001144204-18-066592.hdr.sgml : 20181228 20181228165742 ACCESSION NUMBER: 0001144204-18-066592 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 119 CONFORMED PERIOD OF REPORT: 20181031 FILED AS OF DATE: 20181228 DATE AS OF CHANGE: 20181228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EATON VANCE CORP CENTRAL INDEX KEY: 0000350797 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 042718215 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-08100 FILM NUMBER: 181257924 BUSINESS ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6174828260 MAIL ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 10-K/A 1 tv510035_10ka.htm 10-K/A

 

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-K/A

(Amendment No. 1)

 

(Mark One)

xAnnual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 For the fiscal year ended October 31, 2018

 

or

¨Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from _____________ to ____________

 

Commission File Number 1-8100

 

EATON VANCE CORP.

(Exact name of registrant as specified in its charter)

 

Maryland   04-2718215
(State or other jurisdiction of   (I.R.S. Employer Identification No.)
incorporation or organization)    

 

  Two International Place, Boston, Massachusetts 02110  
  (Address of principal executive offices) (zip code)  
     
  (617) 482-8260  
  (Registrant's telephone number, including area code)  

 

  Securities registered pursuant to Section 12(b) of the Act:  

 

Non-Voting Common Stock

($0.00390625 par value per share)

  New York Stock Exchange
(Title of each class)   (Name of each exchange on which registered)

 

  Securities registered pursuant to Section 12(g) of the Act:  None.  

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes x  No ¨

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.    Yes ¨  No x

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes x  No ¨

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes x  No ¨

 

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.   ¨

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer x Accelerated filer ¨
Non-accelerated filer ¨ Smaller reporting company ¨
Emerging growth company ¨    

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes ¨  No x

 

Aggregate market value of Non-Voting Common Stock held by non-affiliates of the Registrant, based on the closing price of $54.39 on April 30, 2018 on the New York Stock Exchange was $6,278,619,392. Calculation of holdings by non-affiliates is based upon the assumption, for these purposes only, that executive officers, directors, and persons holding 5 percent or more of the registrant’s Non-Voting Common Stock are affiliates.

 

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the close of the latest practicable date.

 

Class:   Outstanding at October 31, 2018
Non-Voting Common Stock, $0.00390625 par value   116,527,845
Voting Common Stock, $0.00390625 par value   422,935

 

 

 

   

 

 

EXPLANATORY NOTE

 

The purpose of this Amendment No. 1 to the Registrant’s Annual Report on Form 10-K for the fiscal year ended October 31, 2018, filed with the U.S. Securities and Exchange Commission on December 21, 2018 (the “Form 10-K”), is solely to furnish Exhibit 101 to the Form 10-K in accordance with Rule 405 of Regulation S-T. Exhibit 101 to this report provides the Consolidated Financial Statements and related notes from the Form 10-K formatted in XBRL (eXtensible Business Reporting Language).

 

No other changes have been made to the Form 10-K. This Amendment No. 1 to the Form 10-K reflects events as of the original filing date of the Form 10-K, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-K.

  

 

 

 

EXHIBIT INDEX

 

Each Exhibit is listed in this index according to the number assigned to it in the exhibit table set forth in Item 601 of Regulation S-K. The following Exhibits are filed as a part of this Report or incorporated herein by reference pursuant to Rule 12b-32 under the Securities Exchange Act of 1934. All of the documents incorporated by reference below were filed under SEC File No. 1-8100:

 

Exhibit No.   Description
     
2.1   Unit Purchase Agreement, dated as of August 2, 2001, among Eaton Vance Acquisitions, Atlanta Capital Management Company, LLC, and each of Daniel W. Boone III, Gregory L. Coleman, Jerry D. Devore, William Hackney, III, Marilyn Robinson Irvin, Dallas L. Lundy, Walter F. Reames, Jr. and Christopher A. Reynolds. (Incorporated by reference to Exhibit 2.3 to the Company’s Current Report on Form 8-K/A filed on October 19, 2001.)
     
2.2   Stock Purchase Agreement, dated as of June 4, 2003, among Eaton Vance Acquisitions, PPA Acquisition, LLC, PPA Acquisition Corp., Brian Langstraat and David Stein. (Incorporated by reference to Exhibit 2.4 to the Company’s Annual Report on Form 10-K filed on January 21, 2004.)
     
2.3   First Amendment to the Stock Purchase Agreement, dated as of September 10, 2003, among Eaton Vance Acquisitions, PPA Acquisition, LLC, PPA Acquisition Corp., Brian Langstraat and David Stein. (Incorporated by reference to Exhibit 2.5 to the Company’s Annual Report on Form 10-K filed on January 21, 2004.)
     
2.4   Second Amendment to the Stock Purchase Agreement, dated as of September 10, 2003, among Eaton Vance Acquisitions, PPA Acquisition, LLC, PPA Acquisition Corp., Brian Langstraat and David Stein. (Incorporated by reference to Exhibit 2.6 to the Company’s Annual Report on Form 10-K filed on January 21, 2004.)
     
2.5   Purchase Agreement, dated as of November 10, 2008, by and among M.D. Sass Tax Advantaged Bond Strategies, L.L.C., M.D. Sass Investors Services, Inc., 1185 Advisors, L.L.C., James H. Evans, and Eaton Vance Management, a wholly-owned subsidiary of the Registrant. (Incorporated by reference to Exhibit 10.1 to Company’s Current Report on Form 8-K, filed on November 12, 2008.)
     
2.6   Share Purchase Agreement, dated as of June 15, 2012, by and among Hexavest Inc., its shareholders, 9264-7064 Québec Inc. and Eaton Vance Management Canada Ltd. (Incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K, filed on June 20, 2012.)
     
3.1   Articles of Incorporation of Eaton Vance Corp., as amended. (Incorporated by reference to Exhibit 3.1 to the Company’s Registration Statement on Form S-3, filed on June 14, 2013.)
     
3.2   By-Laws of Eaton Vance Corp., as amended. (Incorporated by reference to Exhibit 99.3 to the Company’s Current Report on Form 8-K, filed on January 18, 2006.)
     
4.1   The rights of the holders of the Company’s Common Stock, par value $0.00390625 per share, and Non-Voting Common Stock, par value $0.00390625 per share, are described in the Company’s Amended Articles of Incorporation (particularly Articles Sixth, Seventh and Ninth thereof) and the Company’s By-Laws (particularly Article II thereof). See Exhibits 3.1 and 3.2 above as incorporated herein by reference.

 

 

 

 

Exhibit No.   Description
     
9.1   Voting Trust Agreement made as of October 30, 1997. (Incorporated by reference to Exhibit 9.1 to the Company’s Annual Report on Form 10-K, filed on January 28, 1998.)
     
9.2   Resolutions of the Voting Trustees of the Voting Trust amending the Voting Trust Agreement, dated October 11, 2000. (Incorporated by reference to Exhibit 9.2 of Amendment No. 1 to the Company’s Annual Report on Form 10-K/A, filed on September 25, 2007.)
     
9.3   Resolutions of the Voting Trustees of the Voting Trust amending the Voting Trust Agreement, dated October 1, 2003. (Incorporated by reference to Exhibit 9.3 of Amendment No. 1 to the Company’s Annual Report on Form 10-K/A, filed on September 25, 2007).
     
9.4   Resolutions of the Voting Trustees of the Voting Trust amending the Voting Trust Agreement, dated October 10, 2006. (Incorporated by reference to Exhibit 9.4 of Amendment No. 1 to the Company’s Annual Report on Form 10-K/A, filed on September 26, 2007.)
     
9.5   Resolutions of the Voting Trustees of the Voting Trust amending the Voting Trust Agreement, dated October 31, 2010. (Incorporated by reference to Exhibit 9.5 to the Company’s Annual Report on Form 10-K, filed on December 22, 2010.)
     
9.6   Resolutions of the Voting Trustees of the Voting Trust amending the Voting Trust Agreement, dated October 4, 2013. (Incorporated by reference to Exhibit 9.6 to the Company’s Annual Report on Form 10-K filed on December 20, 2013.)
     
9.7   Resolutions of the Voting Trustees of the Voting Trust amending the Voting Trust Agreement, dated October 26, 2016. (Incorporated by reference to Exhibit 9.7 to the Company’s Annual Report on Form 10-K filed on December 21, 2016.)
     
10.1   Eaton Vance Corp. Supplemental Profit Sharing Plan, as restated on October 27, 2000. (Incorporated by reference to Exhibit 10.17 to the Company’s Annual Report on Form 10-K, filed on January 26, 2001.) †
     
10.2   Eaton Vance Corp. Stock Option Income Deferral Plan, dated April 18, 2001. (Incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q, filed on June 13, 2001.) †
     
10.3   Eaton Vance Corp. Annual Performance Incentive Plan for Non-Covered Employees, as amended, dated October 26, 2010. (Incorporated by reference to Exhibit 10.31 to the Company’s Annual Report on Form 10-K, filed on December 22, 2010.) †
     
10.4   Eaton Vance Corp. 2008 Omnibus Incentive Plan RestatemenNo. 5 effective as of October 24, 2012. (Incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed on October 26, 2012.) †

 

 

 

 

Exhibit No.   Description
     
10.5   Eaton Vance Corp. Executive Performance-Based Compensation Plan Restatement No. 3, dated October 17, 2013. (Incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed on October 21, 2013.) †
     
10.6   Credit Agreement, dated October 21, 2014, by and among Eaton Vance Corp. as borrower, Wells Fargo Bank, National Association as administrative agent, Eaton Vance Management (wholly-owned subsidiary of Eaton Vance Corp.) as guarantor and the lenders thereto. (Incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed on October 23, 2014.)
     
10.7   Eaton Vance Corp. 2013 Nonqualified Employee Stock Purchase Plan, as amended and restated on October 30, 2015. (Incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K, filed on November 3, 2015.) †
     
10.8   Eaton Vance Corp. 2013 Incentive Compensation Nonqualified Employee Stock Purchase Plan, as amended and restated on October 30, 2015. (Incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K, filed on November 3, 2015.) †
     
10.9   Parametric Portfolio Associates LLC, Long-term Equity Incentive Plan, as amended and restated on October 30, 2015. (Incorporated by reference to Exhibit 10.4 to the Company’s Current Report on Form 8-K, filed on November 3, 2015.) †
     
10.10   2016 Parametric Phantom Incentive Plan, dated October 26, 2016. (Incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K, filed on October 31, 2016.) †
     
10.11   Eaton Vance Corp. 2013 Omnibus Incentive Plan, as amended and restated on October 24, 2018. (Incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K, filed on October 26, 2018.) †
     
10.12   Eaton Vance Corp. 2013 Employee Stock Purchase Plan, as amended and restated on October 25, 2017. (Incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K, filed on October 27, 2017.) †
     
10.13   Eaton Vance Corp. Deferred Alpha Incentive Plan, as amended and restated on October 27, 2017. (Incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K, filed on October 27, 2017.) †
     
10.14   Eaton Vance Employee Loan Program – Restatement No. 4 (formerly called the Eaton Vance Corp. 1998 Executive Loan Program) effective as of October 24, 2018.* †
     
10.15   Credit Agreement, dated December 11, 2018, by and among Eaton Vance Corp. as borrower, Wells Fargo Bank, National Association as administrative agent, Eaton Vance Management (a wholly-owned subsidiary of Eaton Vance Corp.) as guarantor and the lenders thereto. (Incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed on December 14, 2018.)

 

 

 

 

Exhibit No.   Description
     
21.1   List of the Company’s Subsidiaries as of October 31, 2018.*
     
23.1   Consent of Independent Registered Public Accounting Firm.*
     
31.1   Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
     
31.2   Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
     
32.1   Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
     
32.2   Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
     
99.1   List of Eaton Vance Corp. Open Registration Statements.*
     
101   Materials from the Eaton Vance Corp. Annual Report on Form 10-K for the year ended October 31, 2018, formatted in Extensible Business Reporting Language (XBRL):  (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Income, (iii) Consolidated Statements of Comprehensive Income, (iv) Consolidated Statements of Stockholders’ Equity, (v) Consolidated Statements of Cash Flows, and (vi) related Notes to the Consolidated Financial Statements, tagged in detail (filed herewith).
     
*   Previously filed.
     
  Denotes a management contract or compensatory plan or arrangement required to be filed as an exhibit pursuant to Item 15(b) of Form 10-K.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, Eaton Vance Corp. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  EATON VANCE CORP.
   
  /s/ Laurie G. Hylton
  Laurie G. Hylton
  Chief Financial Officer
   
  December 28, 2018

 

 

 

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-116000 10155000 -5482000 12707000 17177000 10682000 -108278000 -4845000 -1889000 166460000 -1334000 4051000 249099000 624000 6523000 0 0 0 0 5000000 -4825000 144855000 184413000 -2868000 -9859000 135105000 1336000 1770000 814122000 -4500000 2701000 31348000 186381000 143948000 195430000 863000 125785000 3538000 424174000 -41384000 -3257000 453000 -3456000 118621000 0 4188000 128845000 -273130000 465558000 379676000 378742000 0 0 -389856000 -397544000 14133000 12379000 2510000 0 0 0 0 5396000 250000000 298896000 2761000 0 0 0 0 -25320000 129587000 -1567000 0 1354000 0 22660000 25535000 28413000 <div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;margin-left:0pt;' >1</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' >.</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' > Summary of Significant Accounting Policies</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Business and organization</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Eaton Vance Corp. and its subsidiaries (the Company) manage investment funds and provide investment management and advisory services </font><font style='font-family:Calibri;font-size:11pt;' >to high-net-worth individuals and institutions in the United States, Europe, the Asia Pacific region and certain other international markets. The Company distributes its funds and retail managed accounts principally through financial intermediaries. The Co</font><font style='font-family:Calibri;font-size:11pt;' >mpany also commits significant resources to serving institutional and high-net-worth clients who access investment management services on a direct basis.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Revenue is largely dependent on the total value and composition of assets under management, which inc</font><font style='font-family:Calibri;font-size:11pt;' >lude sponsored funds and separate accounts. Accordingly, fluctuations in financial markets and changes in the composition o</font><font style='font-family:Calibri;font-size:11pt;' >f assets under management affect</font><font style='font-family:Calibri;font-size:11pt;' > revenue and the results of operations.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Basis of presentation</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The preparation of the Company&#8217;s Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make judgments, estimates and </font><font style='font-family:Calibri;font-size:11pt;' >assumptions that affect the amounts reported in the Consolidated Financial Statements and related notes to the Consolidated Financial Statements. However, due to the inherent uncertainties in making estimates, actual results could differ from those estimat</font><font style='font-family:Calibri;font-size:11pt;' >es.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Adoption of new accounting standards</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >In March 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update, Improvements to Employee Share-Based Payment Accounting (ASU 2016-09), which simplifies certain aspects of the </font><font style='font-family:Calibri;font-size:11pt;' >accounting for share-based payment transactions. The Company adopted ASU 2016-09 as of November 1, 2017. Under this ASU, excess tax benefits or tax deficiencies related to the exercise of stock options and vesting of restricted stock awards are no longer r</font><font style='font-family:Calibri;font-size:11pt;' >ecognized in additional paid-in capital but rather as an income tax benefit or income tax expense in the period of vesting or settlement. This provision of the ASU requires a prospective approach to adoption. During the year ended October 31, 2018, the Com</font><font style='font-family:Calibri;font-size:11pt;' >pany recognized excess tax benefits of $</font><font style='font-family:Calibri;font-size:11pt;' >17.5</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >million attributable to the exercise of stock options and vesting of restricted stock awards in conjunction with the adoption of this ASU.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >This guidance also requires that the excess tax benefits or tax deficie</font><font style='font-family:Calibri;font-size:11pt;' >ncies described above be classified as an operating cash flow within the Consolidated Statements of Cash Flows as opposed to a financing cash flow, as previously reported. The Company elected to use a retrospective approach to the adoption of this provisio</font><font style='font-family:Calibri;font-size:11pt;' >n of the ASU. As a result</font><font style='font-family:Calibri;font-size:11pt;' >, excess tax benefits of $</font><font style='font-family:Calibri;font-size:11pt;' >14.8</font><font style='font-family:Calibri;font-size:11pt;' > million and $</font><font style='font-family:Calibri;font-size:11pt;' >2.9 </font><font style='font-family:Calibri;font-size:11pt;' >million recognized for the years ended October 31, 2017 and 2016 were reclassified out of financing activities and into operating activities. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Finally, the guidance allows companies</font><font style='font-family:Calibri;font-size:11pt;' > to elect to continue to account for forfeitures using an estimate or instead to elect to account for forfeitures as they occur. Upon adoption, the Company elected to account for forfeitures as they occur and adopted this provision of the ASU using the mod</font><font style='font-family:Calibri;font-size:11pt;' >ified retrospective approach. Therefore, upon adoption,</font><font style='font-family:Calibri;font-size:11pt;' > the Company recognized a $</font><font style='font-family:Calibri;font-size:11pt;' >0.5 </font><font style='font-family:Calibri;font-size:11pt;' >million cumulative effect adjustment (reduction) to retained earnings, net of related income tax effects, to reflect the timing difference of when forfeitures are recogni</font><font style='font-family:Calibri;font-size:11pt;' >zed in the measurement of stock-based compensation cost. </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Where applicable, the Company&#8217;s significant accounting policies discussed below have been amended to reflect the adoption of ASU 2016-09 as of November 1, 2017.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Principles of consolidation </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Consolidated Financial Statements include the accounts of the Company and its controlled affiliates. All legal entities are evaluated for consolidation under two primary consolidation models; namely the voting interest </font><font style='font-family:Calibri;font-size:11pt;' >entity model </font><font style='font-family:Calibri;font-size:11pt;' >and</font><font style='font-family:Calibri;font-size:11pt;' > the variable interest entity (VIE) model. Both consolidation models require the Company to consolidate a legal entity when it has a controlling financial interest in that entity. The Company recognizes non-controlling and other beneficia</font><font style='font-family:Calibri;font-size:11pt;' >l interests </font><font style='font-family:Calibri;font-size:11pt;' >(held by third parties) </font><font style='font-family:Calibri;font-size:11pt;' >in consolidated affiliates in which the Company&#8217;s ownership is less than 100 percent. All intercompany accounts and transactions have been eliminated in consolidation.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Under the voting interest entity model, the Compa</font><font style='font-family:Calibri;font-size:11pt;' >ny consolidates any voting interest entity when the Company is considered to have a controlling financial interest, which is typically present when the Company&#8217;s </font><font style='font-family:Calibri;font-size:11pt;' >voting </font><font style='font-family:Calibri;font-size:11pt;' >ownership exceeds 50 percent or where the Company otherwise has the power to govern the</font><font style='font-family:Calibri;font-size:11pt;' > financial and operating policies of the entity. Voting interest entities primarily include wholly- and majority-owned affiliates through which the Company conducts its business.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company evaluates any VIEs</font><font style='font-family:Calibri;font-size:11pt;' > in which the Company has a variable interest </font><font style='font-family:Calibri;font-size:11pt;' >for consolidation. A VIE is an entity in which either: (a) the equity investment at risk is not sufficient to permit the entity to finance its own activities without additional financial support; or (b) where as a group, the holders of the equity investmen</font><font style='font-family:Calibri;font-size:11pt;' >t at risk do not possess: (i) the power through voting or similar rights to direct the activities that most significantly </font><font style='font-family:Calibri;font-size:11pt;' >affect</font><font style='font-family:Calibri;font-size:11pt;' > the entity&#8217;s economic performance, (ii) the obligation to absorb expected losses or the right to receive expected residual retu</font><font style='font-family:Calibri;font-size:11pt;' >rns of the entity or (iii) proportionate voting and economic interests </font><font style='font-family:Calibri;font-size:11pt;' >(in instances in which</font><font style='font-family:Calibri;font-size:11pt;' > substantially all of the entity&#8217;s activities either involve or are conducted on behalf of an investor with disproportionately fewer voting rights</font><font style='font-family:Calibri;font-size:11pt;' >)</font><font style='font-family:Calibri;font-size:11pt;' >. If an entity h</font><font style='font-family:Calibri;font-size:11pt;' >as any of these characteristics, it is considered a VIE and is required to be consolidated by its primary beneficiary. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company is deemed to be the primary beneficiary of a VIE when it has a variable interest that provides </font><font style='font-family:Calibri;font-size:11pt;' >it </font><font style='font-family:Calibri;font-size:11pt;' >with both (i) the power t</font><font style='font-family:Calibri;font-size:11pt;' >o direct the acti</font><font style='font-family:Calibri;font-size:11pt;' >vities that most significantly affect</font><font style='font-family:Calibri;font-size:11pt;' > the VIE&#8217;s economic performance, and (ii) the obligation to absorb losses of, or the right to receive benefits from, the VIE that could potentially be significant to the VIE. VIEs consolidated by the C</font><font style='font-family:Calibri;font-size:11pt;' >ompany primarily include various open&#8208;end registered investment companies that it sponsors (sponsored funds) and collateralized loan obligation (CLO) entities. The Company&#8217;s initial and continuous ongoing assessment of whether it qualifies as the primary b</font><font style='font-family:Calibri;font-size:11pt;' >eneficiary of a VIE is complex. Additional considerations relevant to the application of the VIE model to sponsored funds and CLO entities are discussed below. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company may consolidate one or more sponsored funds </font><font style='font-family:Calibri;font-size:11pt;' >or CLO entities </font><font style='font-family:Calibri;font-size:11pt;' >during a given report</font><font style='font-family:Calibri;font-size:11pt;' >ing period. Due to the similarity of risks related to the Company&#8217;s involvement with each </font><font style='font-family:Calibri;font-size:11pt;' >of these entities, and </font><font style='font-family:Calibri;font-size:11pt;' >disclosures required under the VIE model, </font><font style='font-family:Calibri;font-size:11pt;' >certain </font><font style='font-family:Calibri;font-size:11pt;' >disclosures regarding </font><font style='font-family:Calibri;font-size:11pt;' >these entities </font><font style='font-family:Calibri;font-size:11pt;' >are aggregated</font><font style='font-family:Calibri;font-size:11pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Consolidation of sponsored funds</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >With l</font><font style='font-family:Calibri;font-size:11pt;' >imited exceptions, each of the Company&#8217;s sponsored funds is organized as a separately managed component (or series) of a series trust. All assets of a series irrevocably belong to that series and are subject to the liabilities of that series; under no circ</font><font style='font-family:Calibri;font-size:11pt;' >umstances are the liabilities of one series payable by another series. The Company&#8217;s series trusts have no equity investment at risk; rather, all equity is issued at the series level. However, decisions regarding the trustees of the trust and certain key a</font><font style='font-family:Calibri;font-size:11pt;' >ctivities of each series (i.e., sponsored fund) within the trust, such as appointment of each sponsored fund&#8217;s investment adviser, typically reside at the trust level. As a result, shareholders of a sponsored fund that is organized as a series of a series </font><font style='font-family:Calibri;font-size:11pt;' >trust lack the ability to control the key decision-making processes that most significantly </font><font style='font-family:Calibri;font-size:11pt;' >affect the economic performance of the sponsored fund. Accordingly, the Company believes that each trust is a variable interest entity (VIE) and each sponsored fund</font><font style='font-family:Calibri;font-size:11pt;' > within the trust is a silo that will be evaluated for consolidation as a separate VIE. Having concluded that each silo is a VIE for accounting purposes, the primary beneficiary evaluation is focused on an analysis of economic interests in each silo. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The</font><font style='font-family:Calibri;font-size:11pt;' > Company regularly seeds new sponsored funds and may hold a significant interest in the shares of a sponsored fund during the seed investment stage when the sponsored fund&#8217;s investment track record is being established. To the extent that the Company&#8217;s in</font><font style='font-family:Calibri;font-size:11pt;' >terest in a sponsored fund is limited to: (i) market-based fees earned from the fund that are commensurate with the level of effort to provide the service; and (ii) other interests that, in aggregate, would absorb an insignificant amount of variability in </font><font style='font-family:Calibri;font-size:11pt;' >the fund, the Company&#8217;</font><font style='font-family:Calibri;font-size:11pt;' >s management contract would not be considered a </font><font style='font-family:Calibri;font-size:11pt;' >variable interest </font><font style='font-family:Calibri;font-size:11pt;' >that provides the Company with the power to direct the activities of </font><font style='font-family:Calibri;font-size:11pt;' >the fund and would therefore not be required to consolidate the fund. The Company has concluded tha</font><font style='font-family:Calibri;font-size:11pt;' >t its fees earned from asset management arrangements with sponsored funds </font><font style='font-family:Calibri;font-size:11pt;' >in which the Company holds a significant (at least 10 percent) ownership interest in the fund do</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >represent variable interests that convey both power</font><font style='font-family:Calibri;font-size:11pt;' >, in combination with the ownershi</font><font style='font-family:Calibri;font-size:11pt;' >p interest</font><font style='font-family:Calibri;font-size:11pt;' >,</font><font style='font-family:Calibri;font-size:11pt;' > and significant economic exposure (</font><font style='font-family:Calibri;font-size:11pt;' >both </font><font style='font-family:Calibri;font-size:11pt;' >characteristics of a controlling fina</font><font style='font-family:Calibri;font-size:11pt;' >ncial interest) to the Company </font><font style='font-family:Calibri;font-size:11pt;' >and therefore the Company would be deemed to be the primary beneficiary that would be requi</font><font style='font-family:Calibri;font-size:11pt;' >red to consolidate the fund</font><font style='font-family:Calibri;font-size:11pt;' >. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Upon </font><font style='font-family:Calibri;font-size:11pt;' >consolidation, management fee revenue earned on, as well as the Company&#8217;s investments in, consolidated sponsored funds are eliminated. The Company retains the specialized accounting treatment of the sponsored fund in consolidation whereby the underlying in</font><font style='font-family:Calibri;font-size:11pt;' >vestments are carried at fair value, with corresponding changes in fair value reflected in gains (losses) and other investment income, net, in the Company&#8217;s Consolidated Statements of Income. When the Company is no longer deemed to hold a controlling fina</font><font style='font-family:Calibri;font-size:11pt;' >ncial interest in a sponsored fund, the Company deconsolidates the sponsored fund and removes the related assets, liabilities and non-controlling interests from its balance sheet and classifies the Company&#8217;s remaining equity investment as available-for-sal</font><font style='font-family:Calibri;font-size:11pt;' >e. Because consolidated sponsored funds carry their assets and liabilities at fair value, there is no incremental gain or loss recognized upon deconsolidation.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Consolidation of CLO entities</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >In the normal course of business, the Company provides collatera</font><font style='font-family:Calibri;font-size:11pt;' >l management services to, and in certain cases invests in, sponsored CLO entities. The Company evaluates such CLO entities under the VIE model as the equity investment at risk is not sufficient to finance the activities of these entities, which are primari</font><font style='font-family:Calibri;font-size:11pt;' >ly financed through the issuance of senior debt obligations. The fees paid to the Company as collateral manager are not considered to be variable interests in sponsored CLO entities in cases where each of the following conditions are met: (i) the fees paid</font><font style='font-family:Calibri;font-size:11pt;' > to the Company are commensurate with the level of effort required to provide the collateral management services, (ii) the Company does not hold other interests in the CLO entity that individually, or in the aggregate, would absorb more than an insignifica</font><font style='font-family:Calibri;font-size:11pt;' >nt amount </font><font style='font-family:Calibri;font-size:11pt;' >(less than 10 percent) </font><font style='font-family:Calibri;font-size:11pt;' >of the CLO entity&#8217;s expected losses or residual returns, and (iii) the terms of the collateral management agreement between the Company and the CLO entity are consistent with the terms for similar services negotiated at arm</font><font style='font-family:Calibri;font-size:11pt;' >&#8217;s length. If each of these criteria are not met, the Company is deemed to have a variable interest in the CLO entity and would be required to consolidate the VIE if the Company is the primary beneficiary. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >In assessing whether the Company is the primary </font><font style='font-family:Calibri;font-size:11pt;' >beneficiary of a sponsored CLO entity, the Company considers its role as collateral manager and the significance of other interests in the CLO entity that are held by the Company. As collateral manager, the Company has the power to direct the activities th</font><font style='font-family:Calibri;font-size:11pt;' >at most </font><font style='font-family:Calibri;font-size:11pt;' >significantly </font><font style='font-family:Calibri;font-size:11pt;' >affect</font><font style='font-family:Calibri;font-size:11pt;' > the economic performance of these entities. In cases where the Company holds at least 10 percent of the subordinated interests of a CLO entity, the Company is deemed to have the obligation to absorb losses of, or the right to r</font><font style='font-family:Calibri;font-size:11pt;' >eceive benefits from, the CLO entity that could potentially be significant to the CLO entity. Accordingly, the Company deems itself to be the primary beneficiary of a CLO entity, and thus consolidates the entity, in cases where the Company both</font><font style='font-family:Calibri;font-size:11pt;' >:</font><font style='font-family:Calibri;font-size:11pt;' > (i) provid</font><font style='font-family:Calibri;font-size:11pt;' >es collateral management services to the CLO entity and (ii) holds </font><font style='font-family:Calibri;font-size:11pt;' >at least</font><font style='font-family:Calibri;font-size:11pt;' > 10 percent of the subordinated interests of the CLO entity. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Upon consolidation, management fee revenue earned on, as well as the Company&#8217;s subordinated interests in, consolidated</font><font style='font-family:Calibri;font-size:11pt;' > CLO entities are el</font><font style='font-family:Calibri;font-size:11pt;' >iminated. The Company </font><font style='font-family:Calibri;font-size:11pt;' >applies the measurement alternative to </font><font style='font-family:Calibri;font-size:11pt;' >Accounting Standard Codification (ASC) </font><font style='font-family:Calibri;font-size:11pt;' >820</font><font style='font-family:Calibri;font-size:11pt;' >, related to fair value measurement</font><font style='font-family:Calibri;font-size:11pt;' > for collateralized financing entities upon the initial consolidation and for the subsequent measu</font><font style='font-family:Calibri;font-size:11pt;' >rement of CLO entities in the securitization phase. The measurement alternative requires reporting entities to use the more observable of the fair value of the financial assets or the fair value of the financial liabilities to measure both the financial as</font><font style='font-family:Calibri;font-size:11pt;' >sets and the financial liabilities of a collateralized financing entity. Any gain or loss resulting from the initial application of the measurement alternative is reflected in earnings attributable to the reporting entity. Subsequent to initial consolidati</font><font style='font-family:Calibri;font-size:11pt;' >on, the application of the measurement alternative requires the Company to recognize in earnings amounts that reflect the equivalent of its own economic interests in the CLO entity, which generally include both changes in fair value of any retained investm</font><font style='font-family:Calibri;font-size:11pt;' >ent, and management fees as compensation for collateral management services. When the Company is no longer deemed to be the primary beneficiary of a CLO entity, the Company deconsolidates the CLO entity </font><font style='font-family:Calibri;font-size:11pt;' >and removes the related assets and </font><font style='font-family:Calibri;font-size:11pt;' >liabilities from i</font><font style='font-family:Calibri;font-size:11pt;' >ts balance sheet. Because assets and liabilities of consolidated CLO entities in the securitization phase are carried at fair value pursuant to the measurement alternative to ASC 820 previously described, there is no incremental gain or loss recognized upo</font><font style='font-family:Calibri;font-size:11pt;' >n deconsolidation.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Segment information</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Management has determined that the Company operates in one segment, namely as an investment adviser managing funds and separate accounts. The Company&#8217;s determination that it operates in one business segment is based on the fact that </font><font style='font-family:Calibri;font-size:11pt;' >the Company&#8217;s Chief Executive Officer reviews the Company&#8217;s financial performance at an aggregate level. All of the </font><font style='font-family:Calibri;font-size:11pt;' >business</font><font style='font-family:Calibri;font-size:11pt;' > services provided by the Company relate to investment management and are subject to similar regulatory frameworks. Investment m</font><font style='font-family:Calibri;font-size:11pt;' >anagement teams at the Company are generally not aligned with specific </font><font style='font-family:Calibri;font-size:11pt;' >business</font><font style='font-family:Calibri;font-size:11pt;' > lines or distribution channels; in many instances, the investment professionals who manage the Company&#8217;s sponsored funds are the same investment professionals who manage the Com</font><font style='font-family:Calibri;font-size:11pt;' >pany&#8217;s separately managed accounts.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Cash and cash equivalents </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Cash and cash equivalents consists principally of cash as well as cash equivalents that may consist of short-term, highly liquid investments in money market funds, commercial paper, certificates of deposit and holdings of </font><font style='font-family:Calibri;font-size:11pt;' >Treasury and government agency securities, which are readily convertible to cash. Cash equivalents have maturities of less than three months on the date of acquisition and are stated at fair value or cost, which approximates fair value due to the short-ter</font><font style='font-family:Calibri;font-size:11pt;' >m maturities of the underlying investments.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Restricted cash</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Restricted cash consists principally of cash collateral required for margin accounts established to support derivative positions, and is included as a component of other assets on the Company&#8217;s Consolidated Balance Sheets. Such </font><font style='font-family:Calibri;font-size:11pt;' >derivatives are used to hedge certain investments in consolidated sponsored funds and separately managed accounts seeded for </font><font style='font-family:Calibri;font-size:11pt;' >business</font><font style='font-family:Calibri;font-size:11pt;' > development purposes (consolidated seed investments). Because the accounts are used to support trading activities, changes </font><font style='font-family:Calibri;font-size:11pt;' >in restricted cash balances are reflected as operating cash flows in other assets in the Company&#8217;s Consolidated Statements of Cash Flows.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Investments</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Investment securities, trading</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Marketable securities classified as trading securities consist of investments in debt and equity securities held in the portfolios of consolidated seed investments, bank obligations, certificates of deposit, </font><font style='font-family:Calibri;font-size:11pt;' >commercial paper and corporate debt securities with remaining maturities (upon purchase by the Company) ranging from three months to 12 months.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Investment securities held in the portfolios of consolidated seed investments and/or held directly by the Compa</font><font style='font-family:Calibri;font-size:11pt;' >ny are carried at fair value based on quoted market prices. Net </font><font style='font-family:Calibri;font-size:11pt;' >realized</font><font style='font-family:Calibri;font-size:11pt;' > and unrealized gains or losses are reflected as a component of gains (losses) and other investment income. The specific identified cost method is used to determine the realized gains </font><font style='font-family:Calibri;font-size:11pt;' >or losses on all trading securities sold.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Investment securities, available-for-sale</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Marketable securities classified as available-for-sale consist primarily of investments in shares of sponsored funds and are carried at fair value based on quoted market p</font><font style='font-family:Calibri;font-size:11pt;' >rices. Unrealized holding gains or losses (to the extent such losses are considered temporary) are reported net of deferred tax as a separate component of accumulated other comprehensive income (loss) until realized. Realized gains or losses are reflected </font><font style='font-family:Calibri;font-size:11pt;' >as a component of gains (losses) and other investment income. The specific identified cost method is used to determine the realized gains or losses on the sale of shares of sponsored funds. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company evaluates the carrying value of marketable securiti</font><font style='font-family:Calibri;font-size:11pt;' >es classified as available-for-sale for impairment on a quarterly basis. In its impairment analysis, the Company takes into consideration numerous criteria, including the duration and extent of any decline in fair value and the Company&#8217;s intent with respec</font><font style='font-family:Calibri;font-size:11pt;' >t to a given security. If the decline in value is determined to be other-than-temporary, the carrying value of the security is written down to fair value through earnings. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Investments in non-consolidated CLO entities</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Investments in non-consolidated CLO e</font><font style='font-family:Calibri;font-size:11pt;' >ntities are carried at amortized cost unless impaired. The excess of actual and anticipated future cash flows over the initial investment at the date of purchase is recognized in gains (losses) and other investment income, net, over the life of the investm</font><font style='font-family:Calibri;font-size:11pt;' >ent using the effective yield method. The Company reviews cash flow estimates throughout the life of each non-consolidated CLO entity. If the updated estimate of future cash flows (</font><font style='font-family:Calibri;font-size:11pt;' >taking into account</font><font style='font-family:Calibri;font-size:11pt;' > both timing and amounts) is less than the last estimate</font><font style='font-family:Calibri;font-size:11pt;' >, an impairment loss is recognized to the extent the carrying amount of the investment exceeds its fair value. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Investments in equity method investees</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Investments in non-controlled affiliates in which the Company&#8217;s ownership ranges from 20 to 50 percent, </font><font style='font-family:Calibri;font-size:11pt;' >or in instances in which the Company </font><font style='font-family:Calibri;font-size:11pt;' >is able to</font><font style='font-family:Calibri;font-size:11pt;' > exercise significant influence but not control, are accounted for under the equity method of accounting. Under the equity method of accounting, the Company&#8217;s share of the investee&#8217;s underlying net income or l</font><font style='font-family:Calibri;font-size:11pt;' >oss is recorded as equity in net income of affiliates, net of tax. Distributions received from investees reduce the Company&#8217;s investment balance. Investments in equity method investees are evaluated for impairment as events or changes in circumstances ind</font><font style='font-family:Calibri;font-size:11pt;' >icate that the carrying amount of such assets may not be recoverable. If the carrying amounts of the assets exceed their respective fair values, additional impairment tests are performed to measure the amounts of the impairment losses, if any.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Investment</font><font style='font-family:Calibri;font-size:11pt;font-style:italic;' >s, other</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Certain investments are carried at cost. The fair values of cost-method investments are not estimated if there are no identified events or changes in circumstances that may have a significant adverse effect on the fair values of the investments.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Fair value measurements</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The accounting standards for fair value measurement provide a framework for measuring fair value and require expanded disclosures regarding fair value measurements. Fair value is defined as the price that would be received for an asset or the exit price th</font><font style='font-family:Calibri;font-size:11pt;' >at would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. The accounting standards establish a fair value measurement hierarchy, which requires an en</font><font style='font-family:Calibri;font-size:11pt;' >tity to maximize the use of observable inputs where available. This fair value measurement hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Com</font><font style='font-family:Calibri;font-size:11pt;' >pany utilizes third-party pricing services to value investments in various asset classes, including interests in senior floating-rate loans and other debt obligations, derivatives and certain foreign equity securities, as further discussed below. Valuation</font><font style='font-family:Calibri;font-size:11pt;' >s provided by the pricing services are subject to exception reporting that identifies securities with significant movements in valuation, as well as investments with no movements in valuation. These exceptions are reviewed by the Company on a daily basis. </font><font style='font-family:Calibri;font-size:11pt;' >The Company compares the price of trades executed by the Company to the valuations provided by the third-party pricing services to identify and research significant variances. The Company periodically compares the pricing service valuations to valuations p</font><font style='font-family:Calibri;font-size:11pt;' >rovided by a secondary independent source when available. Market data provided by the pricing services and other market participants, such as the Loan Syndication and Trading Association (LSTA) trade study, is reviewed by the Company to assess the reliabil</font><font style='font-family:Calibri;font-size:11pt;' >ity of the provided data. The Company&#8217;s Valuation Committee reviews the general assumptions underlying the methodologies used by the pricing services to value various asset classes at least annually. Throughout the year, members of the Company&#8217;s Valuation </font><font style='font-family:Calibri;font-size:11pt;' >Committee or its designees meet with the service providers to discuss any significant changes to the service providers&#8217; valuation methodologies or operational processes. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Assets and liabilities measured and reported at fair value are classified and disclo</font><font style='font-family:Calibri;font-size:11pt;' >sed in one of the following categories based on the nature of the inputs that are significant to the fair value measurements in their entirety. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value measure</font><font style='font-family:Calibri;font-size:11pt;' >ment hierarchy. In such cases, an investment&#8217;s classification within the fair value measurement hierarchy is based on the lowest level of input that is significant to the fair value measurement.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Level 1</font><font style='font-family:Calibri;font-size:11pt;' > Unadjusted quoted market prices in active markets f</font><font style='font-family:Calibri;font-size:11pt;' >or identical assets or liabilities at the reporting date. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Level 2</font><font style='font-family:Calibri;font-size:11pt;' > Observable inputs other than Level 1 unadjusted quoted market prices, such as quoted market prices for similar assets or liabilities in active markets, quoted prices for identical or simil</font><font style='font-family:Calibri;font-size:11pt;' >ar assets or liabilities that are not active, and inputs other than quoted prices that are observable or corroborated by observable market data.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Level 3</font><font style='font-family:Calibri;font-size:11pt;' > Unobservable inputs that are supported by little or no market activity. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company recognizes any t</font><font style='font-family:Calibri;font-size:11pt;' >ransfers between levels at the end of each quarter.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Derivative financial instruments</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company may utilize derivative financial instruments to hedge market, interest rate, commodity and currency risks associated with its investments in separate accounts and certain consolidated sponsored funds seeded </font><font style='font-family:Calibri;font-size:11pt;' >for </font><font style='font-family:Calibri;font-size:11pt;' >business</font><font style='font-family:Calibri;font-size:11pt;' > development purposes, exposures to fluctuations in foreign currency exchange rates associated with investments denominated in foreign currencies and interest rate risk inherent in debt offerings. These derivative financial instruments may o</font><font style='font-family:Calibri;font-size:11pt;' >r may not qualify for designation in a hedge relationship for accounting purposes. In addition, certain consolidated seed investments may enter into derivative financial instruments within their portfolios to achieve stated investment objectives. The Compa</font><font style='font-family:Calibri;font-size:11pt;' >ny does not use derivative financial instruments for speculative purposes. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company records all derivative financial instruments as either assets or liabilities on its Consolidated Balance Sheets and measures these instruments at fair value. Derivativ</font><font style='font-family:Calibri;font-size:11pt;' >e transactions are presented on a gross basis in the Company&#8217;s Consolidated Balance Sheets. For a derivative financial instrument that is designated as a cash flow hedge, the effective portion of the derivative&#8217;s gain or loss is initially reported as a com</font><font style='font-family:Calibri;font-size:11pt;' >ponent of other comprehensive income (loss) and subsequently reclassified into earnings over the life of the hedge. The ineffective portion of the gain or loss is reported in earnings immediately. Changes in the fair value of the Company&#8217;s other derivative</font><font style='font-family:Calibri;font-size:11pt;' > financial instruments are recognized in earnings in the current period.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Deferred sales commissions</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Sales commissions paid to broker-dealers in connection with the sale of certain classes of shares of sponsored open-end and private funds are generally deferred and amortized over the period during which redemptions by the </font><font style='font-family:Calibri;font-size:11pt;' >purchasing shareholder are subject to a contingent deferred sales charge, which does not exceed </font><font style='font-family:Calibri;font-size:11pt;' >five </font><font style='font-family:Calibri;font-size:11pt;' >years from purchase. Distribution plan payments received from these funds are recorded in revenue as earned. Contingent deferred sales charges and early wi</font><font style='font-family:Calibri;font-size:11pt;' >thdrawal charges received from redeeming shareholders of these sponsored funds are generally applied to reduce the Company&#8217;s unamortized deferred sales commission assets. Should the Company lose its ability to recover such sales commissions through distri</font><font style='font-family:Calibri;font-size:11pt;' >bution plan payments and contingent deferred sales charges, the value of its deferred sales commission asset would immediately decline, as would related future cash flows.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company evaluates the carrying value of its deferred sales commission asset for</font><font style='font-family:Calibri;font-size:11pt;' > impairment on a quarterly basis. In its impairment analysis, the Company compares the carrying value of the deferred sales commission asset to the undiscounted cash flows expected to be generated by the asset in the form of distribution fees over its rema</font><font style='font-family:Calibri;font-size:11pt;' >ining useful life to determine whether impairment has occurred. If the carrying value of the asset exceeds the undiscounted cash flows, the asset is written down to fair value based on discounted cash flows. Impairment adjustments are recognized in operati</font><font style='font-family:Calibri;font-size:11pt;' >ng income as a component of amortization of deferred sales commissions.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Income taxes</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Deferred income taxes reflect the expected future tax consequences of temporary differences between the carrying amounts and tax bases of the Company&#8217;s assets and liabilities measured using rates expected to be in effect when such </font><font style='font-family:Calibri;font-size:11pt;' >differences reverse. To the extent that deferred tax assets are considered more likely than not to be unrealizable, valuation allowances are provided.</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >Any adjustments to deferred tax assets and liabilities attributable to changes in tax laws or rates are r</font><font style='font-family:Calibri;font-size:11pt;' >ecorded as an expense or benefit in the period that the new legislation is enacted.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company&#8217;s effective tax rate reflects the statutory tax rates of the many jurisdictions in which it operates. Significant judgment is required in evaluating its tax po</font><font style='font-family:Calibri;font-size:11pt;' >sitions. In the ordinary course of business, many transactions occur for which the ultimate tax outcome is uncertain. Accounting standards governing the accounting for uncertainty in income taxes for a tax position taken or expected to be taken in a tax re</font><font style='font-family:Calibri;font-size:11pt;' >turn require that the tax effects of a position be recognized only if it is more likely than not to be sustained based solely on its technical merits as of the reporting date. The more-likely-than-not threshold must be met in each reporting period to suppo</font><font style='font-family:Calibri;font-size:11pt;' >rt continued recognition of the benefit. The difference between the tax benefit recognized in the financial statements for a tax position and the tax benefit claimed in the income tax return is referred to as an unrecognized tax benefit. Unrecognized tax b</font><font style='font-family:Calibri;font-size:11pt;' >enefits, as well as the related interest and penalties, are adjusted regularly to reflect changing facts and circumstances. The Company classifies any interest or penalties incurred as a component of income tax expense.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Equipment and leasehold improvements</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Equipment and other fixed assets are recorded at cost and depreciated on a straight-line basis over their estimated useful lives, which range from </font><font style='font-family:Calibri;font-size:11pt;' >three</font><font style='font-family:Calibri;font-size:11pt;' > to </font><font style='font-family:Calibri;font-size:11pt;' >five</font><font style='font-family:Calibri;font-size:11pt;' > years. Leasehold improvements are amortized on a </font><font style='font-family:Calibri;font-size:11pt;' >straight-line basis over the shorter of their estimated useful lives or the terms of the leases. Expenditures for repairs and maintenance are charged to expense when incurred. Equipment and leasehold improvements are tested for impairment whenever changes </font><font style='font-family:Calibri;font-size:11pt;' >in facts or circumstances indicate that the carrying amount of an asset may not be recoverable.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Certain internal and external costs incurred in connection with developing or obtaining software for internal use are capitalized and amortized on a straight-l</font><font style='font-family:Calibri;font-size:11pt;' >ine basis over the shorter of the estimated useful life of the software or </font><font style='font-family:Calibri;font-size:11pt;' >three</font><font style='font-family:Calibri;font-size:11pt;' > years, beginning when the software project is complete and the application is put into production. These costs are included in equipment and leasehold improvements on the Comp</font><font style='font-family:Calibri;font-size:11pt;' >any&#8217;s Consolidated Balance Sheets.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Goodwill</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Goodwill represents the excess of the cost of the Company&#8217;s investment in the net assets of acquired companies over the fair value of the underlying identifiable net assets at the dates of acquisition. The Company attributes all goodwill </font><font style='font-family:Calibri;font-size:11pt;' >associated with its acquisitions of Atlanta Capital Management Company, LLC (Atlanta Capital), Parametric Portfolio Associates LLC (Parametric) and The Clifton Group Investment Management Company (Clifton), which share similar economic characteristics, to </font><font style='font-family:Calibri;font-size:11pt;' >one reporting unit. The Company attributes all goodwill associated with its acquisition of the Tax Advantaged Bond Strategies (TABS) business of M.D. Sass Investor Services and other acquisitions to a second reporting unit. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Goodwill is not amortized</font><font style='font-family:Calibri;font-size:11pt;' >,</font><font style='font-family:Calibri;font-size:11pt;' > but</font><font style='font-family:Calibri;font-size:11pt;' > is tested annually for impairment in the fourth quarter of each fiscal year by comparing the fair values of identified reporting units to their respective carrying amounts, including goodwill. The Company establishes fair value for the purpose of impairme</font><font style='font-family:Calibri;font-size:11pt;' >nt testing for each reporting unit by using an income approach and a market approach. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The income approach employs a discounted cash flow model that takes into account (1) assumptions that market participants would use in their estimates of fair value, (2</font><font style='font-family:Calibri;font-size:11pt;' >) current period actual results and (3) budget projections for future periods that have been vetted by senior management. The discounted cash flow model incorporates the same fundamental pricing concepts used to calculate fair value in the acquisition due </font><font style='font-family:Calibri;font-size:11pt;' >diligence process and a discount rate that takes into consideration the Company&#8217;s estimated cost of capital adjusted for the uncertainty inherent in the forecasted information. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The market approach employs market multiples based on comparable publicly tra</font><font style='font-family:Calibri;font-size:11pt;' >ded companies in the financial services industry, calculated with data from industry sources. Estimates of fair value are established using current and forward multiples of both revenue and earnings before interest, taxes, depreciation and amortization (EB</font><font style='font-family:Calibri;font-size:11pt;' >ITDA), adjusted for size and performance of the reporting unit relative to peer companies. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >If the carrying amount of the reporting unit exceeds its calculated fair value, the second step of the goodwill impairment test will be performed to measure the am</font><font style='font-family:Calibri;font-size:11pt;' >ount of the impairment loss, if any.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Intangible assets</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Amortizing identifiable intangible assets generally represent the cost of client relationships, intellectual property, trademarks and research systems. In valuing these assets, the Company makes assumptions regarding useful lives and </font><font style='font-family:Calibri;font-size:11pt;' >projected growth rates, and significant judgment is required. The Company periodically reviews its amortizing identifiable intangible assets for impairment as events or changes in circumstances indicate that the carrying amount of such assets may not be re</font><font style='font-family:Calibri;font-size:11pt;' >coverable. If the carrying amounts of those assets exceed their respective fair values, </font><font style='font-family:Calibri;font-size:11pt;' >an impairment loss is recognized equal to that excess.</font><font style='font-family:Calibri;font-size:11pt;' > </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Non-amortizing intangible asset</font><font style='font-family:Calibri;font-size:11pt;' >s generally represent the cost of mutual fund management contracts acquired. Non-amortizing intangible assets are tested for impairment in the fourth quarter of each fiscal year by comparing the fair values of the management contracts acquired to their car</font><font style='font-family:Calibri;font-size:11pt;' >rying values. The Company establishes fair value for purposes of impairment testing using the income approach. If the carrying value of a management contract acquired exceeds its fair value, an impairment loss is recognized equal to that excess. </font><font style='font-family:Calibri;font-size:11pt;' > </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Debt issuance costs</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Deferred debt issuance costs are amortized using the effective interest method over the related debt term. Debt issuance costs related to the Company&#8217;s term debt are included in debt in the Company&#8217;s Consolidated Balance Sheets. The </font><font style='font-family:Calibri;font-size:11pt;' >amortization of deferred debt issuance costs is included in interest expense on the Company&#8217;s Consolidated Statements of Income.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Revenue recognition</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Management fees</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Investment advisory and administrative fees for the funds and investment advisory fees for separate accounts managed by the Company are recorded in management fee revenue as the services are performed. Such fees are </font><font style='font-family:Calibri;font-size:11pt;' >based primarily on predetermined percentages of the market values of the assets under management. The Company&#8217;s fund investment advisory and administrative fees are calculated principally as a percentage of average d</font><font style='font-family:Calibri;font-size:11pt;' >a</font><font style='font-family:Calibri;font-size:11pt;' >ily net assets. The Company&#8217;s separate </font><font style='font-family:Calibri;font-size:11pt;' >account investment advisory fees are calculated as a percentage of either beginning, average or ending monthly or quarterly net assets. Investment advisory and administrative fees for the funds are earned daily and paid monthly; investment advisory fees fo</font><font style='font-family:Calibri;font-size:11pt;' >r separate accounts are earned daily and paid either monthly or quarterly. The Company may waive certain fees for investment advisory and administrative services at its discretion. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Performance fees are generated on certain fund and separate account manag</font><font style='font-family:Calibri;font-size:11pt;' >ement contracts when specific performance hurdles are met. Such fees are recorded in management fee revenue as of the performance measurement date, when the outcome can be reasonably assured and measured reliably. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company has contractual arrangements</font><font style='font-family:Calibri;font-size:11pt;' > with third parties to provide certain fund-related services, including sub-advisory and distribution-related services. Management&#8217;s determination of whether </font><font style='font-family:Calibri;font-size:11pt;' >related </font><font style='font-family:Calibri;font-size:11pt;' >revenue should be reported </font><font style='font-family:Calibri;font-size:11pt;' >on a </font><font style='font-family:Calibri;font-size:11pt;' >gross bas</font><font style='font-family:Calibri;font-size:11pt;' >is, without subtracting payments to third-party service providers, </font><font style='font-family:Calibri;font-size:11pt;' >or net of payments to third</font><font style='font-family:Calibri;font-size:11pt;' >-party service providers is based on management&#8217;s assessment of whether the Company is acting as the principal service provider or is acting as an agent. The primary factors considered in assessing the nature of the Company&#8217;s role include (1) whether the C</font><font style='font-family:Calibri;font-size:11pt;' >ompany is responsible for the fulfillment of the obligation, including the acceptability of the services provided; (2) whether the Company has reasonable latitude to establish the price of the service provided; (3) whether the Company has the discretion to</font><font style='font-family:Calibri;font-size:11pt;' > select the service provider; and (4) whether the Company assumes credit risk in the arrangement.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Pursuant to management&#8217;s assessment of the criteria described above, management fees are recorded gross of any sub-advisory payments, with the corresponding </font><font style='font-family:Calibri;font-size:11pt;' >fees paid to any sub-adviser based on the terms of those arrangements included in fund-related expenses in the Company&#8217;s Consolidated Statements of Income. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Distribution, underwriter and service fees</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Distribution and service fees for all share classes sub</font><font style='font-family:Calibri;font-size:11pt;' >ject to these fees are calculated as a percentage of average daily net assets and recorded in revenue as earned, gross of any third-party distribution and service fee payments made</font><font style='font-family:Calibri;font-size:11pt;' > by the Company</font><font style='font-family:Calibri;font-size:11pt;' >. Distribution and service fees are earned daily and paid monthly. The expen</font><font style='font-family:Calibri;font-size:11pt;' >ses associated with third-party distribution and service fee arrangements are recorded in distribution and service fee expense, respectivel</font><font style='font-family:Calibri;font-size:11pt;' >y, as the services are provided by the third party. These expenses are also paid monthly.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Underwriter commissions ar</font><font style='font-family:Calibri;font-size:11pt;' >e earned on sales of shares of sponsored mutual funds on which investors pay a sales charge at the time of purchase. </font><font style='font-family:Calibri;font-size:11pt;' >Otherwise applicable s</font><font style='font-family:Calibri;font-size:11pt;' >ales charges </font><font style='font-family:Calibri;font-size:11pt;' >and underwriter commissions may be </font><font style='font-family:Calibri;font-size:11pt;' >waived or reduced on shareholder purchases that exceed specified minimum amounts and on purch</font><font style='font-family:Calibri;font-size:11pt;' >ases by certain categories of investors.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Advertising and promotion</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company expenses all advertising and promotional costs as incurred. Advertising costs incurred were not material</font><font style='font-family:Calibri;font-size:11pt;' > to the Company&#8217;s Consolidated Financial Statements in the fiscal years ended </font><font style='font-family:Calibri;font-size:11pt;' >October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' >, </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' > or </font><font style='font-family:Calibri;font-size:11pt;' >2016</font><font style='font-family:Calibri;font-size:11pt;' >. </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Leases</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company leases office space under various leasing arrangements. As leases expire, they are normally renewed or replaced in the ordinary course of business. Most lease agreements contain renewal options, rent escalation clauses and/or other </font><font style='font-family:Calibri;font-size:11pt;' >inducements provided by the landlord. Rent expense is recorded on a straight-line basis, including escalations and inducements, over the lease term.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Earnings per share</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Basic earnings per share is calculated by dividing net income attributable to Eaton Vance Corp. shareholders by the weighted-average number of shares outstanding during the reporting period. Diluted earnings per share is calculated by</font><font style='font-family:Calibri;font-size:11pt;' > dividing net income attributable to Eaton Vance Corp. shareholders by the weighted-average number of common shares outstanding during the period plus the dilutive effect of any potential common shares outstanding during the period using the </font><font style='font-family:Calibri;font-size:11pt;' >treasury </font><font style='font-family:Calibri;font-size:11pt;' >stock </font><font style='font-family:Calibri;font-size:11pt;' >meth</font><font style='font-family:Calibri;font-size:11pt;' >od.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Stock-based compensation</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company accounts for stock&#8208;based compensation expense at fair value. Under the fair value method, stock&#8208;based compensation expense for equity awards, which reflects the fair value of stock&#8208;based awards measured at grant date, is recognized on a straigh</font><font style='font-family:Calibri;font-size:11pt;' >t&#8208;line basis over the relevant service period (generally five years) and is adjusted each period for forfeitures as they occur. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The tax effect of the difference, if any, between the cumulative compensation expense recognized for a stock-based award for </font><font style='font-family:Calibri;font-size:11pt;' >financial reporting purposes and the deduction for such award for tax purposes is recognized as income tax expense (for tax deficiencies) or benefit (for excess tax benefits) in the Company&#8217;s Consolidated Statements of Income in the period in which the tax</font><font style='font-family:Calibri;font-size:11pt;' > deduction arises (generally in the period of vesting or settlement of a stock-based award, as applicable) and are reflected as an operating activity on the Company&#8217;s Consolidated Statements of Cash Flows. Shares of non-voting common stock withheld for ta</font><font style='font-family:Calibri;font-size:11pt;' >x withholding purposes upon the vesting of restricted share awards are reflected as a financing activity in the Company&#8217;s Consolidated Statements of Cash Flows.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Foreign currency translation</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Substantially all of the Company&#8217;s foreign subsidiaries have a functional currency that is something other than the U.S. dollar. Assets and liabilities of these subsidiaries are translated into U.S. dollars at current </font><font style='font-family:Calibri;font-size:11pt;' >exchange rates as of the end of each accounting period. Related revenue and expenses are translated at average exchange rates in effect during the accounting period. Net translation exchange gains and losses are excluded from income and recorded in accumul</font><font style='font-family:Calibri;font-size:11pt;' >ated other comprehensive income (loss). Foreign currency transaction gains and losses are reflected in gains (losses) and other investment income, net, as they occur.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Comprehensive income</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company reports all changes in comprehensive income in its Consolidated Statements of Comprehensive Income. Comprehensive income includes net income, unrealized gains and losses on certain derivatives designated as cash flow </font><font style='font-family:Calibri;font-size:11pt;' >hedges and related reclassification adjustments attributable to the amortization of net gains and losses on these derivatives, unrealized holding gains and losses on investment securities classified as ava</font><font style='font-family:Calibri;font-size:11pt;' >ilable-for-sale and related reclassification adjust</font><font style='font-family:Calibri;font-size:11pt;' >ments attributable to realized net gains and losses on disposal of these securities, and foreign currency translation adjustments, in each case net of tax. When the Company has established an indefinite reinvestment assertion for a foreign subsidiary, def</font><font style='font-family:Calibri;font-size:11pt;' >erred income taxes are not provided on the related foreign currency translation.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Non-controlling interests</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Non-redeemable non-controlling interests consist entirely of unvested interests granted to employees of the Company</font><font style='font-family:Calibri;font-size:11pt;' >&#8217;s majority-owned subsidiaries</font><font style='font-family:Calibri;font-size:11pt;' >. These grants become </font><font style='font-family:Calibri;font-size:11pt;' >subject to holder put rights upon vesting and are reclassified to temporary equity as vesting occurs. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Redeemable non-controlling interests include vested interests held by employees of the Company&#8217;s majority-owned subsidiaries </font><font style='font-family:Calibri;font-size:11pt;' >and </font><font style='font-family:Calibri;font-size:11pt;' >are recorded in tempor</font><font style='font-family:Calibri;font-size:11pt;' >ary equity at estimated redemption value. Future payments to purchase these interests reduce temporary equity. Future changes in the redemption value of these interests are recognized as increases or decreases to additional paid-in capital. Redeemable non</font><font style='font-family:Calibri;font-size:11pt;' >-controlling interests also include interests in the Company&#8217;s consolidated sponsored funds given that investors in those funds may re</font><font style='font-family:Calibri;font-size:11pt;' >quest withdrawals at any time. </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Loss contingencies </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company continuously reviews any investor, employee or vendor complaints and pending or threatened litigation. The Company evaluates the likelihood that a loss contingency exists under the criteria of applicable accounting </font><font style='font-family:Calibri;font-size:11pt;' >standards through consultation with legal counsel and records a loss contingency, inclusive of legal costs, if the contingency is probable and reasonably estimable at the date of the financial statements. There are no losses of this nature that are current</font><font style='font-family:Calibri;font-size:11pt;' >ly deemed probable and reasonably estimable, and, thus, none have been recorded in the accompanying Consolidated Financial Statements.</font></p></div> <div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Intangible assets</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Amortizing identifiable intangible assets generally represent the cost of client relationships, intellectual property, trademarks and research systems. In valuing these assets, the Company makes assumptions regarding useful lives and </font><font style='font-family:Calibri;font-size:11pt;' >projected growth rates, and significant judgment is required. The Company periodically reviews its amortizing identifiable intangible assets for impairment as events or changes in circumstances indicate that the carrying amount of such assets may not be re</font><font style='font-family:Calibri;font-size:11pt;' >coverable. If the carrying amounts of those assets exceed their respective fair values, </font><font style='font-family:Calibri;font-size:11pt;' >an impairment loss is recognized equal to that excess.</font><font style='font-family:Calibri;font-size:11pt;' > </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Non-amortizing intangible asset</font><font style='font-family:Calibri;font-size:11pt;' >s generally represent the cost of mutual fund management contracts acquired. Non-amortizing intangible assets are tested for impairment in the fourth quarter of each fiscal year by comparing the fair values of the management contracts acquired to their car</font><font style='font-family:Calibri;font-size:11pt;' >rying values. The Company establishes fair value for purposes of impairment testing using the income approach. If the carrying value of a management contract acquired exceeds its fair value, an impairment loss is recognized equal to that excess. </font><font style='font-family:Calibri;font-size:11pt;' > </font></p></div> <div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Advertising and promotion</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company expenses all advertising and promotional costs as incurred. Advertising costs incurred were not material</font><font style='font-family:Calibri;font-size:11pt;' > to the Company&#8217;s Consolidated Financial Statements in the fiscal years ended </font><font style='font-family:Calibri;font-size:11pt;' >October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' >, </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' > or </font><font style='font-family:Calibri;font-size:11pt;' >2016</font><font style='font-family:Calibri;font-size:11pt;' >. </font></p></div> <div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;margin-left:0pt;' >3</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' >.</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' > Consolidated Sponsored Funds</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Underlying investments held by consolidated sponsored funds were included in investments on the Company&#8217;s Consolidated Balance Sheets and classified as trading securities at October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >. Net investment income or (loss) related to consolidated sponsored funds was included in gains (losses) and other investment income, net, on the Company&#8217;s Consolidated Statements of Income for all periods presented. The impact of consolidated s</font><font style='font-family:Calibri;font-size:11pt;' >ponsored funds&#8217; net income or (loss) on net income attributable to Eaton Vance Corp. shareholders was reduced by amounts attributable to non-controlling interest holders, which are recorded in net income attributable to non-controlling and other beneficial</font><font style='font-family:Calibri;font-size:11pt;' > interests on the Company&#8217;s Consolidated Statements of Income for all periods presented. </font><font style='font-family:Calibri;font-size:11pt;' >The extent of the Company&#8217;s exposure to loss with respect to a consolidated sponsored fund is limited to the amount of the Company&#8217;s investment in the sponsored fund</font><font style='font-family:Calibri;font-size:11pt;' > a</font><font style='font-family:Calibri;font-size:11pt;' >nd any uncollected management and performance fees</font><font style='font-family:Calibri;font-size:11pt;' >. The Company is not obligated to provide financi</font><font style='font-family:Calibri;font-size:11pt;' >al support to sponsored funds. O</font><font style='font-family:Calibri;font-size:11pt;' >nly the assets of a sponsored fund are avail</font><font style='font-family:Calibri;font-size:11pt;' >able to settle its obligations.</font><font style='font-family:Calibri;font-size:11pt;' > Beneficial i</font><font style='font-family:Calibri;font-size:11pt;' >nteres</font><font style='font-family:Calibri;font-size:11pt;' >t holders of sponsored funds do not have recourse to the general credit of the Company. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The following table sets forth the balances related to consolidated sponsored funds at October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >, as well as the Company&#8217;s</font><font style='font-family:Calibri;font-size:11pt;' > net</font><font style='font-family:Calibri;font-size:11pt;' > interest in these funds:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:261pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:261pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2018 </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2017 </font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:261pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:261pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investments </font></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >540,582</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >401,726</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:261pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Other assets</font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >15,471</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >13,537</font></td><td style='width:3.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:261pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Other liabilities</font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(57,286)</font></td><td style='width:6pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(50,314)</font></td><td style='width:3.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:261pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:261pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Redeemable non-controlling interests</font></td><td style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(244,970)</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(154,061)</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:261pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:261pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Net interest in consolidated sponsored funds</font></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >253,797</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >210,888</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:21.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:21.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:239.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:239.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:19.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr></table></div> <div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:261pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:261pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2018 </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2017 </font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:261pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:261pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investments </font></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >540,582</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >401,726</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:261pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Other assets</font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >15,471</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >13,537</font></td><td style='width:3.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:261pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Other liabilities</font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(57,286)</font></td><td style='width:6pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(50,314)</font></td><td style='width:3.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:261pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:261pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Redeemable non-controlling interests</font></td><td style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(244,970)</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(154,061)</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:261pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:261pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Net interest in consolidated sponsored funds</font></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >253,797</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >210,888</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:21.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:21.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:239.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:239.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:19.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr></table></div> <div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;margin-left:0pt;' >4</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' >.</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' > </font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' >Investments</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The following is a summary of investments at</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:89.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:89.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2018 </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:93pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2017 </font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Investment securities, trading:</font></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' > Short-term debt securities</font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >273,320</font></td><td style='width:6pt;text-align:justify;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >213,537</font></td><td style='width:3.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' > Consolidated sponsored funds</font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >540,582</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >401,726</font></td><td style='width:3.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' > Separately managed accounts</font></td><td style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >89,121</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >93,113</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' > Total investment securities, trading</font></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >903,023</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >708,376</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investment securities, available-for-sale</font></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >10,329</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >22,465</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investments in non-consolidated CLO entities</font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >2,895</font></td><td style='width:6pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >3,609</font></td><td style='width:3.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investments in equity method investees</font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >141,506</font></td><td style='width:6pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >144,911</font></td><td style='width:3.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investments, other</font></td><td style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >20,874</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >18,831</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Total investments</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(1)</font></sup></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >1,078,627</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >898,192</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:6pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:21pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:21pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:239.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:239.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:19.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td colspan='9' rowspan='1' style='width:474.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:474.75pt;' ><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(1)</font></sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' > Excludes bank loans and other investments held by consolidated CLO entities, which are discussed in Note 6.</font></td><td style='width:3.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Investment securities, trading</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The following is a summary of the fair value of investments classified as trading at October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >:</font><font style='font-family:Calibri;font-size:11pt;' > </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:234.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:234.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:89.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:89.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2018 </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:93pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2017 </font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:234.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:234.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Short-term debt securities</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >273,320</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >213,537</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:279.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:279.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Other debt securities</font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >470,033</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >313,351</font></td><td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:279.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:279.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Equity securities</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >159,670</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >181,488</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:234.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:234.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Total investment securities, trading</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >903,023</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >708,376</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company recognized gains (losses) related to trading securities still held at the reporting date </font><font style='font-family:Calibri;font-size:11pt;' >of $</font><font style='font-family:Calibri;font-size:11pt;' >(2</font><font style='font-family:Calibri;font-size:11pt;' >2.</font><font style='font-family:Calibri;font-size:11pt;' >8)</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >million</font><font style='font-family:Calibri;font-size:11pt;' >, $</font><font style='font-family:Calibri;font-size:11pt;' >1</font><font style='font-family:Calibri;font-size:11pt;' >5</font><font style='font-family:Calibri;font-size:11pt;' >.</font><font style='font-family:Calibri;font-size:11pt;' >9</font><font style='font-family:Calibri;font-size:11pt;' > million and $</font><font style='font-family:Calibri;font-size:11pt;' >11.3</font><font style='font-family:Calibri;font-size:11pt;' > million for the years ended </font><font style='font-family:Calibri;font-size:11pt;' >October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' >, </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2016</font><font style='font-family:Calibri;font-size:11pt;' >, respectively, within gains (losses) and other investment income, net</font><font style='font-family:Calibri;font-size:11pt;' >,</font><font style='font-family:Calibri;font-size:11pt;' > on the Company&#8217;s Consolidated Statements of Income. </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Investment </font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;' >securitie</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;' >s</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;' >, available-for-sale</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The following is a summary</font><font style='font-family:Calibri;font-size:11pt;' > of the gross unrealized gains and losses</font><font style='font-family:Calibri;font-size:11pt;' > included in accumu</font><font style='font-family:Calibri;font-size:11pt;' >lated other comprehensive</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >income (</font><font style='font-family:Calibri;font-size:11pt;' >loss</font><font style='font-family:Calibri;font-size:11pt;' >)</font><font style='font-family:Calibri;font-size:11pt;' > related to securities classified as available-for-sale at </font><font style='font-family:Calibri;font-size:11pt;' >October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:201pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:201pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >October 31, 2018</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:55.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:4.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:126pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:126pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Gross Unrealized</font></td><td style='width:4.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:55.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:201pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:201pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td colspan='2' rowspan='1' style='width:66pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Cost</font></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:66pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Gains</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:66pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:66pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Fair Value</font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:201pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:201pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investment securities, available-for-sale</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >4,150</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >6,206</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(27)</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >10,329</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:201pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:201pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >October 31, 2017</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:55.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:4.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:126pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:126pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Gross Unrealized</font></td><td style='width:4.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:55.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:201pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:201pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td colspan='2' rowspan='1' style='width:66pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Cost</font></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:66pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Gains</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:66pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:66pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Fair Value</font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:201pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:justify;vertical-align:bottom;border-color:Black;min-width:201pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investment securities, available-for-sale</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >15,755</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >6,718</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(8)</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >22,465</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Net unrealized holding gains (losses) on investment securities classified as available-for-sale included in other comprehensive income (loss) on the Company&#8217;s Consolidated Statements of Comprehensive Income were $</font><font style='font-family:Calibri;font-size:11pt;' >2</font><font style='font-family:Calibri;font-size:11pt;' >.4</font><font style='font-family:Calibri;font-size:11pt;' > million</font><font style='font-family:Calibri;font-size:11pt;' >, $</font><font style='font-family:Calibri;font-size:11pt;' >1.9</font><font style='font-family:Calibri;font-size:11pt;' > million and $</font><font style='font-family:Calibri;font-size:11pt;' >0.7</font><font style='font-family:Calibri;font-size:11pt;' > million </font><font style='font-family:Calibri;font-size:11pt;' >for the years ended October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' >, </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2016</font><font style='font-family:Calibri;font-size:11pt;' >, respectively.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company </font><font style='font-family:Calibri;font-size:11pt;' >did </font><font style='font-family:Calibri;font-size:11pt;' >not</font><font style='font-family:Calibri;font-size:11pt;' > recognize any impairment</font><font style='font-family:Calibri;font-size:11pt;' > losses on investment securities classified as available-for-sale for the years ended October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > or </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >. The Company recognized $</font><font style='font-family:Calibri;font-size:11pt;' >0.3</font><font style='font-family:Calibri;font-size:11pt;' > million of other-than-temporary impairment losses related to investment securities classified as available-for-sale, which amount is included in gains (losses) and other investment income, net, on the Com</font><font style='font-family:Calibri;font-size:11pt;' >pany&#8217;s Consolidated Statement of Income for the year ended October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2016</font><font style='font-family:Calibri;font-size:11pt;' >. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The aggregate fair value of available-for-sale investments in an unrealized loss position at October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >was $</font><font style='font-family:Calibri;font-size:11pt;' >0.</font><font style='font-family:Calibri;font-size:11pt;' >5</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >million;</font><font style='font-family:Calibri;font-size:11pt;' > unrealized losses related to t</font><font style='font-family:Calibri;font-size:11pt;' >hese investments totaled $</font><font style='font-family:Calibri;font-size:11pt;' >27</font><font style='font-family:Calibri;font-size:11pt;' >,000. No investment with a gross unrealized loss has been in a material loss position for greater than one year.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The following is a summary of the Company&#8217;s realized gains and losses recognized upon disposition of investments c</font><font style='font-family:Calibri;font-size:11pt;' >lassified as available-for-sale for the years ended </font><font style='font-family:Calibri;font-size:11pt;' >October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' >, </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2016</font><font style='font-family:Calibri;font-size:11pt;' >: </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:231pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:231pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td colspan='2' rowspan='1' style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:82.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2018</font></td><td colspan='2' rowspan='1' style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:82.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2017</font></td><td colspan='2' rowspan='1' style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:82.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2016</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:231pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:231pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Gains</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >3,350</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >307</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >2,191</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:231pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:231pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Losses</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(110)</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(1)</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(37)</font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:231pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:justify;vertical-align:bottom;border-color:Black;min-width:231pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Net realized gains</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >3,240</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >306</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >2,154</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Investments in non-consolidated CLO entities</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company provides investment management services for, and has made direct investments in, a number of CLO entities that it does not consolidate, as described further in Note </font><font style='font-family:Calibri;font-size:11pt;' >6</font><font style='font-family:Calibri;font-size:11pt;' >. The Company&#8217;s investments</font><font style='font-family:Calibri;font-size:11pt;' > in non-consolidated CLO entities are carried at amortized cost unless impaired, at which point they are written down to fair value. </font><font style='font-family:Calibri;font-size:11pt;' >At October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >, the carrying values of such investments were </font><font style='font-family:Calibri;font-size:11pt;' >$</font><font style='font-family:Calibri;font-size:11pt;' >2.9</font><font style='font-family:Calibri;font-size:11pt;' > million</font><font style='font-family:Calibri;font-size:11pt;' > and $</font><font style='font-family:Calibri;font-size:11pt;' >3.</font><font style='font-family:Calibri;font-size:11pt;' >6</font><font style='font-family:Calibri;font-size:11pt;' > million,</font><font style='font-family:Calibri;font-size:11pt;' > respectively</font><font style='font-family:Calibri;font-size:11pt;' >. At </font><font style='font-family:Calibri;font-size:11pt;' >October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >, combined assets under management in the pools of non-consolidated CLO entities were $</font><font style='font-family:Calibri;font-size:11pt;' >0</font><font style='font-family:Calibri;font-size:11pt;' >.8</font><font style='font-family:Calibri;font-size:11pt;' > billion</font><font style='font-family:Calibri;font-size:11pt;' > and $</font><font style='font-family:Calibri;font-size:11pt;' >1.5</font><font style='font-family:Calibri;font-size:11pt;' > billion, respectively. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The</font><font style='font-family:Calibri;font-size:11pt;' > Company recognized </font><font style='font-family:Calibri;font-size:11pt;' >$</font><font style='font-family:Calibri;font-size:11pt;' >0.2</font><font style='font-family:Calibri;font-size:11pt;' > million,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >$</font><font style='font-family:Calibri;font-size:11pt;' >0.4</font><font style='font-family:Calibri;font-size:11pt;' > million</font><font style='font-family:Calibri;font-size:11pt;' > and $</font><font style='font-family:Calibri;font-size:11pt;' >0.</font><font style='font-family:Calibri;font-size:11pt;' >3</font><font style='font-family:Calibri;font-size:11pt;' > million of impairment losses related to the Company&#8217;s investments in non-consolidated CLO entities for the years</font><font style='font-family:Calibri;font-size:11pt;' > ended October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' >, </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >and </font><font style='font-family:Calibri;font-size:11pt;' >2016</font><font style='font-family:Calibri;font-size:11pt;' >, respectively. </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Investments in equity method investees</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company has a </font><font style='font-family:Calibri;font-size:11pt;' >49</font><font style='font-family:Calibri;font-size:11pt;' > percent interest in Hexavest Inc. (Hexavest), a Montreal, Canada-based investment adviser. The carrying value of this investment </font><font style='font-family:Calibri;font-size:11pt;' >was </font><font style='font-family:Calibri;font-size:11pt;' >$</font><font style='font-family:Calibri;font-size:11pt;' >138.0</font><font style='font-family:Calibri;font-size:11pt;' > million and </font><font style='font-family:Calibri;font-size:11pt;' >$</font><font style='font-family:Calibri;font-size:11pt;' >142.0</font><font style='font-family:Calibri;font-size:11pt;' > million</font><font style='font-family:Calibri;font-size:11pt;' > at October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >, respectively</font><font style='font-family:Calibri;font-size:11pt;' >. At </font><font style='font-family:Calibri;font-size:11pt;' >October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' >, the Company&#8217;s investment in Hexavest consisted of </font><font style='font-family:Calibri;font-size:11pt;' >$</font><font style='font-family:Calibri;font-size:11pt;' >6.0</font><font style='font-family:Calibri;font-size:11pt;' > million</font><font style='font-family:Calibri;font-size:11pt;' > of equity in the net assets of Hexavest, definite-lived intangible assets of $</font><font style='font-family:Calibri;font-size:11pt;' >21.</font><font style='font-family:Calibri;font-size:11pt;' >3</font><font style='font-family:Calibri;font-size:11pt;' > million</font><font style='font-family:Calibri;font-size:11pt;' > and good</font><font style='font-family:Calibri;font-size:11pt;' >will of $</font><font style='font-family:Calibri;font-size:11pt;' >116.4</font><font style='font-family:Calibri;font-size:11pt;' > million</font><font style='font-family:Calibri;font-size:11pt;' >, net of a deferred tax liability of $</font><font style='font-family:Calibri;font-size:11pt;' >5.7</font><font style='font-family:Calibri;font-size:11pt;' > million</font><font style='font-family:Calibri;font-size:11pt;' >. At </font><font style='font-family:Calibri;font-size:11pt;' >October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >, the Company&#8217;s investment in Hexavest consisted of $</font><font style='font-family:Calibri;font-size:11pt;' >6.1</font><font style='font-family:Calibri;font-size:11pt;' > million of equity in the net assets of Hexavest, definite-lived intangible assets of $</font><font style='font-family:Calibri;font-size:11pt;' >23.7</font><font style='font-family:Calibri;font-size:11pt;' > mill</font><font style='font-family:Calibri;font-size:11pt;' >ion and goodwill of $</font><font style='font-family:Calibri;font-size:11pt;' >118.6</font><font style='font-family:Calibri;font-size:11pt;' > million, net of a deferred tax liability of $</font><font style='font-family:Calibri;font-size:11pt;' >6.4</font><font style='font-family:Calibri;font-size:11pt;' > million. The </font><font style='font-family:Calibri;font-size:11pt;' >Company&#8217;s </font><font style='font-family:Calibri;font-size:11pt;' >investment</font><font style='font-family:Calibri;font-size:11pt;' > in Hexavest</font><font style='font-family:Calibri;font-size:11pt;' > is denominated in Canadian dollars and is subject to foreign currency translation adjustments, which are recorded in accumulated other</font><font style='font-family:Calibri;font-size:11pt;' > comprehensive income (loss). The year-over-year change in the carrying value of goodwill is entirely attributable to foreign currency translation adjustments. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company also has a </font><font style='font-family:Calibri;font-size:11pt;' >seven</font><font style='font-family:Calibri;font-size:11pt;' > percent equity interest in a private equity partnership managed b</font><font style='font-family:Calibri;font-size:11pt;' >y a third party that invests in companies in the financial services industry. The Company&#8217;s investment in the partnership was $</font><font style='font-family:Calibri;font-size:11pt;' >3.</font><font style='font-family:Calibri;font-size:11pt;' >5</font><font style='font-family:Calibri;font-size:11pt;' > million</font><font style='font-family:Calibri;font-size:11pt;' > and $</font><font style='font-family:Calibri;font-size:11pt;' >2.</font><font style='font-family:Calibri;font-size:11pt;' >9</font><font style='font-family:Calibri;font-size:11pt;' > million at October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >, respectively.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company did </font><font style='font-family:Calibri;font-size:11pt;' >not</font><font style='font-family:Calibri;font-size:11pt;' > recognize any im</font><font style='font-family:Calibri;font-size:11pt;' >pairment losses related to its investments in equity method investees during the years ended </font><font style='font-family:Calibri;font-size:11pt;' >October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' >, </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' > or </font><font style='font-family:Calibri;font-size:11pt;' >2016</font><font style='font-family:Calibri;font-size:11pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >During the years ended </font><font style='font-family:Calibri;font-size:11pt;' >October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' >, </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2016</font><font style='font-family:Calibri;font-size:11pt;' >, the Company </font><font style='font-family:Calibri;font-size:11pt;' >received dividends </font><font style='font-family:Calibri;font-size:11pt;' >of $12.2 million</font><font style='font-family:Calibri;font-size:11pt;' >, $11.</font><font style='font-family:Calibri;font-size:11pt;' >4</font><font style='font-family:Calibri;font-size:11pt;' > million and $</font><font style='font-family:Calibri;font-size:11pt;' >11.5</font><font style='font-family:Calibri;font-size:11pt;' > million, respectively, from its investments in equity method investees.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Investments, other</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Investments, other, which</font><font style='font-family:Calibri;font-size:11pt;' > totaled $</font><font style='font-family:Calibri;font-size:11pt;' >20.9</font><font style='font-family:Calibri;font-size:11pt;' > million</font><font style='font-family:Calibri;font-size:11pt;' > and $</font><font style='font-family:Calibri;font-size:11pt;' >18.8</font><font style='font-family:Calibri;font-size:11pt;' > million at October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >, respectively, primarily consists of investments carried at cost.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >In fiscal 2016</font><font style='font-family:Calibri;font-size:11pt;' >,</font><font style='font-family:Calibri;font-size:11pt;' > the Company participated as lead investor in an equity financing in SigFig, an independent San Francisco-based wealth management </font><font style='font-family:Calibri;font-size:11pt;' >technology firm. In June 2018, the Company invested an additional $</font><font style='font-family:Calibri;font-size:11pt;' >2.0</font><font style='font-family:Calibri;font-size:11pt;' > million in SigFig. The carrying value of the Company&#8217;s </font><font style='font-family:Calibri;font-size:11pt;' >investment in SigFig was $</font><font style='font-family:Calibri;font-size:11pt;' >19.0</font><font style='font-family:Calibri;font-size:11pt;' > million and $</font><font style='font-family:Calibri;font-size:11pt;' >17.0</font><font style='font-family:Calibri;font-size:11pt;' > million at October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >, respectively.</font><font style='font-family:Calibri;font-size:11pt;' > </font></p></div> <div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:89.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:89.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2018 </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:93pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2017 </font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Investment securities, trading:</font></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' > Short-term debt securities</font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >273,320</font></td><td style='width:6pt;text-align:justify;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >213,537</font></td><td style='width:3.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' > Consolidated sponsored funds</font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >540,582</font></td><td style='width:6pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >401,726</font></td><td style='width:3.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' > Separately managed accounts</font></td><td style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >89,121</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >93,113</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' > Total investment securities, trading</font></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >903,023</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >708,376</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investment securities, available-for-sale</font></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >10,329</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >22,465</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investments in non-consolidated CLO entities</font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >2,895</font></td><td style='width:6pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >3,609</font></td><td style='width:3.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investments in equity method investees</font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >141,506</font></td><td style='width:6pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >144,911</font></td><td style='width:3.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investments, other</font></td><td style='width:19.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >20,874</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >18,831</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:260.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:260.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Total investments</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(1)</font></sup></td><td style='width:19.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >1,078,627</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >898,192</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:6pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:21pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:21pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:239.25pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:239.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:19.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td colspan='9' rowspan='1' style='width:474.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:474.75pt;' ><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(1)</font></sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' > Excludes bank loans and other investments held by consolidated CLO entities, which are discussed in Note 6.</font></td><td style='width:3.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td></tr></table></div> 903023000 708376000 <div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:234.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:234.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:89.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:89.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2018 </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:93pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2017 </font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:234.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:234.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Short-term debt securities</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >273,320</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >213,537</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:279.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:279.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Other debt securities</font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >470,033</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >313,351</font></td><td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:279.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:279.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Equity securities</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >159,670</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >181,488</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:234.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:234.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Total investment securities, trading</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >903,023</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:78.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >708,376</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr></table></div> <div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:201pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:201pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >October 31, 2018</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:55.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:4.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:126pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:126pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Gross Unrealized</font></td><td style='width:4.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:55.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:201pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:201pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td colspan='2' rowspan='1' style='width:66pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Cost</font></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:66pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Gains</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:66pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:66pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Fair Value</font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:201pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:201pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investment securities, available-for-sale</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >4,150</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >6,206</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(27)</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >10,329</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:201pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:201pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >October 31, 2017</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:55.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:4.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:126pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:126pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Gross Unrealized</font></td><td style='width:4.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:55.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:201pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:201pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td colspan='2' rowspan='1' style='width:66pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Cost</font></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:66pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Gains</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:66pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Losses</font></td><td style='width:4.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:66pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Fair Value</font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:201pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:justify;vertical-align:bottom;border-color:Black;min-width:201pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Investment securities, available-for-sale</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >15,755</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >6,718</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(8)</font></td><td style='width:4.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:4.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >22,465</font></td></tr></table></div> <div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:231pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:231pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td colspan='2' rowspan='1' style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:82.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2018</font></td><td colspan='2' rowspan='1' style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:82.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2017</font></td><td colspan='2' rowspan='1' style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:82.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2016</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:231pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:231pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Gains</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >3,350</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >307</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >2,191</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:231pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:231pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Losses</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(110)</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(1)</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:72pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(37)</font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:231pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:justify;vertical-align:bottom;border-color:Black;min-width:231pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Net realized gains</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >3,240</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >306</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >2,154</font></td></tr></table></div> 0.49 0.49 3500000 0.07 0.07 <div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;margin-left:0pt;' >5</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' >.</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' > Derivative Financial Instruments</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Derivative financial instruments designated as cash flow hedges</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >In fiscal 2017, the Company entered into a Treasury lock transaction in connection with the offering of its 2027 Senior Notes (see Note 11). The </font><font style='font-family:Calibri;font-size:11pt;' >Company concurrently designated the Treasury lock as a cash flow hedge to mitigate its exposure to variability in the forecasted semi-annual interest payments and recorded a loss of $0.4 million, net of tax, in other comprehensive income (loss). The Compan</font><font style='font-family:Calibri;font-size:11pt;' >y reclassified approximately $</font><font style='font-family:Calibri;font-size:11pt;' >68,000</font><font style='font-family:Calibri;font-size:11pt;' > and $</font><font style='font-family:Calibri;font-size:11pt;' >37,000</font><font style='font-family:Calibri;font-size:11pt;' > of the loss into interest expense for the years ended October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >, respectively, and will reclassify the remaining $</font><font style='font-family:Calibri;font-size:11pt;' >0.6 </font><font style='font-family:Calibri;font-size:11pt;' >million loss as of October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > to earnings</font><font style='font-family:Calibri;font-size:11pt;' > over the remaining term of the debt. During the next twelve months, the Company expects to reclassify approximately $</font><font style='font-family:Calibri;font-size:11pt;' >68,000</font><font style='font-family:Calibri;font-size:11pt;' > of the unamortized loss.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >In fiscal 2013, the Company entered into a forward-starting interest rate swap in connection with the off</font><font style='font-family:Calibri;font-size:11pt;' >ering of its 2023 Senior Notes (see Note 11) and recorded a gain in other comprehensive income (loss), net of tax. The Company reclassified $</font><font style='font-family:Calibri;font-size:11pt;' >0.2</font><font style='font-family:Calibri;font-size:11pt;' > million of the gain into interest expense for the years ended October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' >, </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2016</font><font style='font-family:Calibri;font-size:11pt;' > and will reclassify the remaining $</font><font style='font-family:Calibri;font-size:11pt;' >0.9</font><font style='font-family:Calibri;font-size:11pt;' > million gain as of October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >to earnings over the remaining term of the debt. During the next twelve months, the Company expects to reclassify approximately $</font><font style='font-family:Calibri;font-size:11pt;' >0.2</font><font style='font-family:Calibri;font-size:11pt;' > million of the unamortized </font><font style='font-family:Calibri;font-size:11pt;' >gain.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Other derivative financial instruments not designated for hedge accounting</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company utilizes d</font><font style='font-family:Calibri;font-size:11pt;' >erivative financial instruments to hedge</font><font style='font-family:Calibri;font-size:11pt;' > market and currency </font><font style='font-family:Calibri;font-size:11pt;' >risks associated with its investments in certain consolidated seed investments</font><font style='font-family:Calibri;font-size:11pt;' > that are not </font><font style='font-family:Calibri;font-size:11pt;' >designated as hedging instruments for accounting purposes. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Excluding derivative financial instruments held by consolidated sponsored funds, the Company was party to the following derivative financial instruments at October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >: </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:115.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:115.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:152.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:152.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2018</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:152.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:152.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2017</font></td></tr><tr style='height:30pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:163.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:163.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' ></font></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Number of Contracts</font></td><td colspan='2' rowspan='1' style='width:87.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:87.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Notional Value</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' > (</font><font style='font-family:Calibri;font-size:10pt;font-weight:bold;font-style:italic;color:#000000;' >in millions</font><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >)</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Number of Contracts</font></td><td colspan='2' rowspan='1' style='width:87.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:87.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Notional Value</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' > (</font><font style='font-family:Calibri;font-size:10pt;font-weight:bold;font-style:italic;color:#000000;' >in millions</font><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >)</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:163.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:163.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Stock index futures contracts</font></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >1,007</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:77.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >91.5</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:64.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >1,470</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:77.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >118.1</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:163.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:163.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Total return swap contracts</font></td><td style='width:64.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >3</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:77.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >106.5</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:64.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >2</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:77.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >50.2</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:163.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:163.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Credit default swap contracts</font></td><td style='width:64.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >1</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:77.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >5.0</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:64.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:77.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:163.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:163.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Foreign exchange contracts</font></td><td style='width:64.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >28</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:77.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >23.0</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:64.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >31</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:77.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >28.1</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:163.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:163.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Commodity futures contracts</font></td><td style='width:64.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >253</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:77.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >11.6</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:64.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >213</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:77.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >10.2</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:163.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:163.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Currency futures contracts</font></td><td style='width:64.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >165</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:77.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >16.9</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:64.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >131</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:77.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >14.5</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:163.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:163.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Interest rate futures contracts</font></td><td style='width:64.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >282</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:77.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >48.0</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:64.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >134</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:77.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:77.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >25.6</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The derivative contracts outstanding and notional values they represent at October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' > are representative of derivative balances throughout each respective year. The weighted-average remaining contract term for derivative contracts outstanding at October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' > was </font><font style='font-family:Calibri;font-size:11pt;' >1.7</font><font style='font-family:Calibri;font-size:11pt;' > months and </font><font style='font-family:Calibri;font-size:11pt;' >2.2</font><font style='font-family:Calibri;font-size:11pt;' > months,</font><font style='font-family:Calibri;font-size:11pt;' > respectively.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The C</font><font style='font-family:Calibri;font-size:11pt;' >ompany has not elected to offset fair value amounts related to derivative financial instruments executed with the same counterparty under master netting arrangements; as a result, the Company records all derivative financial instruments as either other ass</font><font style='font-family:Calibri;font-size:11pt;' >ets or other liabilities, gross, on its Consolidated Balance Sheets and measures them at fair value (see Note </font><font style='font-family:Calibri;font-size:11pt;' >1</font><font style='font-family:Calibri;font-size:11pt;' >). The following table presents the fair value of derivative financial instruments not designated for hedge accounting, and how they are refl</font><font style='font-family:Calibri;font-size:11pt;' >ected on the Company&#8217;s Consolidated Balance Sheets as of October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >:</font><font style='font-family:Calibri;font-size:11pt;' > </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;line-height:12pt;' ></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:148.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:148.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:130.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:130.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2018</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:130.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:130.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2017</font></td></tr><tr style='height:30pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:196.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:196.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Other Assets</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Other Liabilities</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Other Assets</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >Other Liabilities</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:196.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:196.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Stock index futures contracts</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >5,055</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >372</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >330</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >3,021</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:196.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:196.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Total return swap contracts</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >3,297</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >570</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:196.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:196.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Credit default swap contracts</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >10</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:196.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:196.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Foreign exchange contracts</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >329</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >202</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >650</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >60</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:196.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:196.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Commodity futures contracts</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >770</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >216</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >63</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >120</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:196.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:196.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Currency futures contracts</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >14</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >332</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >327</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >178</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:196.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:196.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Interest rate futures contracts</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >179</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >17</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >48</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >226</font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:148.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:148.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Total</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >6,347</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >4,446</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >1,418</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >4,175</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company maintains collateral with certain counterparties to satisfy margin requirements for derivative positions.&#160; </font><font style='font-family:Calibri;font-size:11pt;' >The collateral is classified as restricted cash and is included</font><font style='font-family:Calibri;font-size:11pt;' > as a component of other assets on our Consolidated Balance Sheets.&#160; At October 31, 2018 and 2017, collateral balances were $</font><font style='font-family:Calibri;font-size:11pt;' >13.1</font><font style='font-family:Calibri;font-size:11pt;' > million and $</font><font style='font-family:Calibri;font-size:11pt;' >8.5</font><font style='font-family:Calibri;font-size:11pt;' > million, respectively.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The Company recognized the following gains (losses) on derivative financial instrumen</font><font style='font-family:Calibri;font-size:11pt;' >ts for the years ended October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' >, </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2016</font><font style='font-family:Calibri;font-size:11pt;' > within gains (losses) and other investment income, net,</font><font style='font-family:Calibri;font-size:11pt;' > on the Company&#8217;s Consolidated Statements of Income: </font></p><p style='text-align:left;line-height:12pt;' ></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:201.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:201.75pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td style='width:87.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:87.75pt;' ><font style='font-family:Calibri;font-size:11pt;text-decoration:underline;color:#000000;' ></font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2018</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2017</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2016</font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:289.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:289.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Stock index futures contracts</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >4,267</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(23,905)</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(2,931)</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:289.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:289.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Total return swap contracts</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(2,708)</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(3,569)</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(2,935)</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:289.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:289.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Credit default swap contracts</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >178</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:289.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:289.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Foreign exchange contracts</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(51)</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(595)</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(590)</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:289.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:289.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Commodity futures contracts</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(1,044)</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(574)</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:289.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:289.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Currency futures contracts</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(24)</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:289.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:289.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Interest rate futures contracts</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >366</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(421)</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:289.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:289.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Interest rate swap contracts</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >91</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >-</font></td></tr><tr style='height:15.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:289.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:289.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Net gains (losses)</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >984</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(28,973)</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >(6,456)</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >In addition to the derivative contracts described above, certain consolidated seed investments may utilize derivative financial instruments within their portfolios in pursuit of their stated investment objectives. </font></p></div> <div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;margin-left:0pt;' >7</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' >.</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' > </font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' >Fair Value </font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' >of Assets and Liabilities Measured at Fair Value on a Recurring Basis</font><font style='font-family:Calibri;font-size:11pt;font-weight:bold;' > </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The following tables summarize financial assets and liabilities measured at fair value on a recurring basis and their assigned levels within the </font><font style='font-family:Calibri;font-size:11pt;' >valuation</font><font style='font-family:Calibri;font-size:11pt;' > hierarchy at </font><font style='font-family:Calibri;font-size:11pt;' >October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >October 31, 2018</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:51.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Level 1</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Level 2</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:39pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Level 3</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Other Assets Not Held at Fair Value </font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Total </font></td></tr><tr style='height:11.25pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:21pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:21pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:174.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:174.75pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Financial assets:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Cash equivalents</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >23,262</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >116,070</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >139,332</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investments:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investment securities, trading:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Short-term debt securities</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >273,320</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >273,320</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Other debt securities</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >13,355</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >456,678</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >470,033</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Equity securities</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >96,933</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >62,737</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >159,670</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investment securities, available-for-sale</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >7,112</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >3,217</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >10,329</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investments in non-consolidated CLO </font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > entities</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(1)</font></sup></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >2,895</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >2,895</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investments in equity method investees</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(2)</font></sup></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >141,506</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >141,506</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investments, other</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(3)</font></sup></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >20,874</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >20,874</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Derivative instruments</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >6,347</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >6,347</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Assets of consolidated CLO entities:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Bank loans and other investments</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >872,757</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >1,547</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >874,304</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >Total financial assets</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >140,662</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >1,791,126</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >1,547</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >165,275</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >2,098,610</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:21pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:21pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:174.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:174.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Financial liabilities:</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Derivative instruments</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >4,446</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >4,446</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Liabilities of consolidated CLO entities:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Senior and subordinated note obligations</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >873,008</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >873,008</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >Total financial liabilities</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >877,454</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >877,454</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >October 31, 2017</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:51.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Level 1</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Level 2</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:39pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Level 3</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Other Assets Not Held at Fair Value </font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:51.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Total </font></td></tr><tr style='height:11.25pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:21pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:21pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:177pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:177pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:51.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Financial assets:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Cash equivalents</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >24,811</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >97,571</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >122,382</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investments:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investment securities, trading:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Short-term debt securities</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >213,537</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >213,537</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Other debt securities</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >17,255</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >296,096</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >313,351</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Equity securities</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >125,689</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >55,799</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >181,488</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investment securities, available-for-sale</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >8,938</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >13,527</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >22,465</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investments in non-consolidated CLO </font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > entities</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(1)</font></sup></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >3,609</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >3,609</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investments in equity method investees</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(2)</font></sup></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >144,911</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >144,911</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investments, other</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(3)</font></sup></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >146</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >18,685</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >18,831</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Derivative instruments</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >1,418</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >1,418</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Assets of consolidated CLO entity:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:208.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:208.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Bank loan investments</font></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >31,348</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >31,348</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >Total financial assets</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >176,693</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >709,442</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >167,205</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:51.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >1,053,340</font></td></tr><tr style='height:13.5pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:21pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:21pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:177pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:177pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Financial liabilities:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Derivative instruments</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >4,175</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:51.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >4,175</font></td></tr><tr style='height:13.5pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >Total financial liabilities</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >4,175</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:51.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >4,175</font></td></tr><tr style='height:7.5pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:21pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:21pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:177pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:177pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:21pt;text-align:right;vertical-align:top;border-color:Black;min-width:21pt;' ><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(1)</font></sup><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='11' rowspan='1' style='width:459.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:459.75pt;' ><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >Investments in non-consolidated CLO entities are carried at amortized cost unless facts or circumstances indicate that the investments have been impaired, at which time the investments are written down to fair value as measured using level 3 inputs.</font></td></tr><tr style='height:12pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:21pt;text-align:right;vertical-align:top;border-color:Black;min-width:21pt;' ><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(2)</font></sup><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='11' rowspan='1' style='width:459.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:459.75pt;' ><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >Investments in equity method investees are not measured at fair value in accordance with U.S. GAAP. </font></td></tr><tr style='height:12pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:21pt;text-align:right;vertical-align:top;border-color:Black;min-width:21pt;' ><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(3)</font></sup><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='11' rowspan='1' style='width:459.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:459.75pt;' ><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >Investments, other, include investments carried at cost that are not measured at fair value in accordance with U.S. GAAP. At October 31, 2018 and 2017, there were no indicators of impairment on these investments. </font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Valuation methodologies</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Cash equivalents</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Cash equivalents include investments in money market funds, government agency securities, certificates of deposit and commercial paper with original maturities of </font><font style='font-family:Calibri;font-size:11pt;' >90 days or less</font><font style='font-family:Calibri;font-size:11pt;' >. Cash investments in </font><font style='font-family:Calibri;font-size:11pt;' >daily redeemable</font><font style='font-family:Calibri;font-size:11pt;' > money market funds are valued using published net asset values and are classified as Level 1 within the fair value measurement hierarchy. Government agency securities are valued based upon quoted market prices for simi</font><font style='font-family:Calibri;font-size:11pt;' >lar assets in active markets, quoted prices for identical or similar assets that are not active and inputs other than quoted prices that are observable or corroborated by observable market data. The carrying amounts of certificates of deposit and commercia</font><font style='font-family:Calibri;font-size:11pt;' >l paper are measured at amortized cost, which approximates fair value due to the short time between the purchase and expected maturity of the investments. </font><font style='font-family:Calibri;font-size:11pt;' >Depending on the nature of the inputs, these</font><font style='font-family:Calibri;font-size:11pt;' > assets are generally classified as Level 1 or 2 within t</font><font style='font-family:Calibri;font-size:11pt;' >he fair value measurement hierarchy.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Investment securities, trading &#8211; short-term debt</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Short-term debt securities include certificates of deposit, commercial paper and corporate debt obligations with remaining maturities from three months to 12 months. Sho</font><font style='font-family:Calibri;font-size:11pt;' >rt-term debt securities held are generally valued on the basis of valuations provided by third-party pricing services, as derived from such services&#8217; pricing models. Inputs to the models may include, but are not limited to, reported trades, executable bid </font><font style='font-family:Calibri;font-size:11pt;' >and ask prices, broker-dealer quotations, prices or yields of securities with similar characteristics, benchmark curves or information pertaining to the issuer, as well as industry and economic events. The pricing services may use a matrix approach, which </font><font style='font-family:Calibri;font-size:11pt;' >considers information regarding securities with similar characteristics to determine the valuation for a security. </font><font style='font-family:Calibri;font-size:11pt;' >These </font><font style='font-family:Calibri;font-size:11pt;' >assets are generally classified as Level 1 or 2 within the fair value measurement hierarchy.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Investment securities, trading &#8211; other de</font><font style='font-family:Calibri;font-size:11pt;font-style:italic;' >bt</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Other debt securities classified as trading include debt obligations held in the portfolios of consolidated sponsored funds and separately managed accounts. Other debt securities held are generally valued on the basis of valuations provided by third-par</font><font style='font-family:Calibri;font-size:11pt;' >ty pricing services as described above for investment securities, trading &#8211; short-term debt. Other debt securities purchased with a remaining maturity of 60 days or less (excluding those that are non-U.S. denominated, which typically are valued by a third-</font><font style='font-family:Calibri;font-size:11pt;' >party pricing service or dealer quotes) are generally valued at amortized cost, which approximates fair value. Depending upon the nature of the inputs, these assets are generally classified as Level 1 or 2 within the fair value measurement hierarchy.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Inve</font><font style='font-family:Calibri;font-size:11pt;font-style:italic;' >stment securities, trading &#8211; equity</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Equity securities classified as trading include foreign and domestic equity securities held in the portfolios of consolidated sponsored funds and separately managed accounts. Equity securities are valued at the last sale</font><font style='font-family:Calibri;font-size:11pt;' >, official close or, if there are no reported sales on the valuation date, at the mean between the latest available bid and ask prices on the primary exchange on which they are traded. When valuing foreign equity securities that meet certain criteria, the </font><font style='font-family:Calibri;font-size:11pt;' >portfolios use a fair value service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that have a strong correlation to the fair-valued securiti</font><font style='font-family:Calibri;font-size:11pt;' >es. In addition, the Company performs its own independent back test review of fair values versus the subsequent local market opening prices when available. Depending upon the nature of the inputs, these assets generally are classified as Level 1 or 2 withi</font><font style='font-family:Calibri;font-size:11pt;' >n the fair value measurement hierarchy.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Investment securities, available-for-sale</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Investment securities classified as available-for-sale include investments in sponsored mutual funds and privately offered equity funds. Sponsored mutual funds are valued us</font><font style='font-family:Calibri;font-size:11pt;' >ing published net asset values and are classified as Level 1 within the fair value measurement hierarchy. Investments in sponsored privately offered equity funds that are not listed on an active exchange but have net asset values that are comparable to mut</font><font style='font-family:Calibri;font-size:11pt;' >ual funds and have no redemption restrictions are classified as Level 2 within the fair value measurement hierarchy.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Derivative instruments</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Derivative instruments, which include stock index futures contracts, total return swap contracts, </font><font style='font-family:Calibri;font-size:11pt;' >credit default swaps, </font><font style='font-family:Calibri;font-size:11pt;' >foreign exchange contracts, commodity futures contracts, currency futures contracts and interest rate futures contracts, are recorded</font><font style='font-family:Calibri;font-size:11pt;' > as either other assets or other liabilities on the Company&#8217;s Consolidated Balance Sheets. Stock index futures contracts, total return swap contracts</font><font style='font-family:Calibri;font-size:11pt;' >, credit default swap contracts</font><font style='font-family:Calibri;font-size:11pt;' >, commodity futures contracts, currency futures contracts and interest rate </font><font style='font-family:Calibri;font-size:11pt;' >futures contracts are valued using a third-party pricing service that determines fair value based on bid and ask prices. Foreign exchange contracts are valued by interpolating a value using the spot foreign exchange rate and forward points, which are based</font><font style='font-family:Calibri;font-size:11pt;' > on spot rate and currency interest rate differentials. Derivative instruments generally are classified as Level 2 within the fair value measurement hierarchy. </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Assets of consolidated CLO </font><font style='font-family:Calibri;font-size:11pt;font-style:italic;' >entities</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Consolidated CLO entity assets include investments in bank loans and equity securities. Fair value is determined utilizing unadjusted quoted market prices when available.</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >Equity securities are valued using the same techniques as described above for trading securities. </font><font style='font-family:Calibri;font-size:11pt;' > Interests in senior floating-rate loans for which reliable market quotations are readily available are valued generally at the average mid-point of bid and a</font><font style='font-family:Calibri;font-size:11pt;' >sk quotations obtained from a third-party pricing service. Fair value may also be based upon valuations obtained from independent third-party brokers or dealers utilizing matrix pricing models that consider information regarding securities with similar cha</font><font style='font-family:Calibri;font-size:11pt;' >racteristics. In certain instances, fair value has been determined utilizing discounted cash flow analyses or single broker non-binding quotes. Depending on the nature of the inputs, these assets are classified as Level 2 or 3 within the fair value measure</font><font style='font-family:Calibri;font-size:11pt;' >ment hierarchy. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;margin-left:18pt;' >Liabilities of consolidated CLO entities</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >Consolidated CLO entity liabilities include senior and subordinated note obligations. Fair value is determined using the measurement alternative to ASC 820 for collateralized financing entities as </font><font style='font-family:Calibri;font-size:11pt;' >discussed further in Note 1. In accordance with the measurement alternative, the fair value of CLO liabilities was measured as the fair value of CLO assets less the sum of (i) the fair value of the beneficial interests held by the Company and (ii) the carr</font><font style='font-family:Calibri;font-size:11pt;' >ying value of any beneficial interests that represent compensation for services. Although both Level 2 and Level 3 inputs were used to measure the fair value of the CLO liabilities, the senior and subordinated note obligations are classified as Level 2 wit</font><font style='font-family:Calibri;font-size:11pt;' >hin the fair value measurement hierarchy as the Level 3 inputs used were not significant. </font></p><p style='text-align:left;line-height:12pt;' ></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Transfers in and out of Levels</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The following table summarizes fair value transfers between Level 1 and Level 2 of the fair value measurement hierarchy for the years ended </font><font style='font-family:Calibri;font-size:11pt;' >October 31,</font><font style='font-family:Calibri;font-size:11pt;' > </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' > and </font><font style='font-family:Calibri;font-size:11pt;' >2017</font><font style='font-family:Calibri;font-size:11pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:313.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:313.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td colspan='2' rowspan='1' style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:82.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2018</font></td><td colspan='2' rowspan='1' style='width:82.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:82.5pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' >2017</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:313.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:313.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Transfers from Level 1 into Level 2</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(1)</font></sup></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >161</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >$</font></td><td style='width:72pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >416</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:313.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:313.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >Transfers from Level 2 into Level 1</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(2)</font></sup></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:72pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >20</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:72pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' >44</font></td></tr><tr style='height:4.5pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:294pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:294pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:72pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:72pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:72pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:19.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(1)</font></sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td colspan='5' rowspan='2' style='width:459pt;text-align:left;vertical-align:top;border-color:Black;min-width:459pt;' ><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >Transfers from Level 1 into Level 2 represent securities for which unadjusted quoted market prices in active markets became unavailable.</font></td></tr><tr style='height:12pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:19.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:19.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(2)</font></sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td colspan='5' rowspan='2' style='width:459pt;text-align:left;vertical-align:top;border-color:Black;min-width:459pt;' ><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >Transfers from Level 2 into Level 1 represent securities for which unadjusted quoted market prices in active markets became available.</font></td></tr><tr style='height:12pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:19.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' ></font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18pt;' >Level 3 assets and liabilities</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;margin-left:18pt;' >The following</font><font style='font-family:Calibri;font-size:11pt;' > table shows a reconciliation of the beginning and ending fair value measurements of assets and liabilities valued on a recurring basis and classified as Level 3 within the fair value measurement hierarchy for the fiscal year ended October 31, </font><font style='font-family:Calibri;font-size:11pt;' >2018</font><font style='font-family:Calibri;font-size:11pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:331.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:331.5pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:110.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:110.25pt;' ><font style='font-family:Calibri;font-size:9pt;font-weight:bold;color:#000000;' >2018</font></td></tr><tr style='height:34.5pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:351pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:351pt;' ><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:110.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:110.25pt;' ><font style='font-family:Calibri;font-size:9pt;font-weight:bold;color:#000000;' >Bank Loans and Other Investments of Consolidated CLO Entities</font></td></tr><tr style='height:14.25pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:351pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:351pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >Beginning balance</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >$</font></td><td style='width:110.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:110.25pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:14.25pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:351pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:351pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >Consolidation of CLO entities</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(1)</font></sup></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:110.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:110.25pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >3,935</font></td></tr><tr style='height:14.25pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:351pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:351pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >Paydowns</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:110.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:110.25pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >(6)</font></td></tr><tr style='height:14.25pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:351pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:351pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >Sales</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:110.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:110.25pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >(1,440)</font></td></tr><tr style='height:15pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:351pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:351pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >Net gains included in net income</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:110.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:110.25pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >114</font></td></tr><tr style='height:14.25pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:351pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:351pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >Transfers out of Level 3</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(2)</font></sup></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:110.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:110.25pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >(1,056)</font></td></tr><tr style='height:14.25pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:351pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:351pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >Ending balance</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >$</font></td><td style='width:110.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:110.25pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' >1,547</font></td></tr><tr style='height:6pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:19.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:19.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:331.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:331.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:110.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:110.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:13.5pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:19.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:19.5pt;' ><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(1)</font></sup><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:452.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:452.25pt;' ><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >Represents Level 3 bank loans and other investments held by consolidated CLO entities upon the initial consolidation of these entities during the period.</font></td></tr><tr style='height:13.5pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:19.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:19.5pt;' ><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(2)</font></sup><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:452.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:452.25pt;' ><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >Transfers out of Level 3 were due to an increase in the observability of the inputs used in determining the fair value of certain instruments.</font></td></tr></table></div> <div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >October 31, 2018</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:51.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Level 1</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Level 2</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:39pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Level 3</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Other Assets Not Held at Fair Value </font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Total </font></td></tr><tr style='height:11.25pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:21pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:21pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:174.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:174.75pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Financial assets:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Cash equivalents</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >23,262</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >116,070</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >139,332</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investments:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investment securities, trading:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Short-term debt securities</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >273,320</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >273,320</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Other debt securities</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >13,355</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >456,678</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >470,033</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Equity securities</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >96,933</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >62,737</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >159,670</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investment securities, available-for-sale</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >7,112</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >3,217</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >10,329</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investments in non-consolidated CLO </font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > entities</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(1)</font></sup></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >2,895</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >2,895</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investments in equity method investees</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(2)</font></sup></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >141,506</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >141,506</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Investments, other</font><sup><font style='font-family:Calibri;font-size:9pt;font-style:italic;color:#000000;' >(3)</font></sup></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >20,874</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >20,874</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Derivative instruments</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >6,347</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >6,347</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Assets of consolidated CLO entities:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Bank loans and other investments</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >872,757</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >1,547</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >874,304</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >Total financial assets</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >140,662</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >1,791,126</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >1,547</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >165,275</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >2,098,610</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:21pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:21pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:174.75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:174.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:double;border-top-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Financial liabilities:</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Derivative instruments</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >4,446</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >4,446</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Liabilities of consolidated CLO entities:</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' > Senior and subordinated note obligations</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >873,008</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >873,008</font></td></tr><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:195.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:195.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >Total financial liabilities</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:43.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >877,454</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:39pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >-</font></td><td style='width:10.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' >877,454</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >October 31, 2017</font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:43.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:39pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:51.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:51.75pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:51.75pt;' ><td style='width:18pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:198pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:198pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' >(in thousands)</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Level 1</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-style:italic;color:#000000;' ></font></td><td style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Level 2</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:39pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:39pt;' ><font style='font-family:Calibri;font-size:10pt;font-weight:bold;color:#000000;' >Level 3</font></td><td style='width:10.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Calibri;font-size:10pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' >&l