Investments (Tables)

12 Months Ended

Oct. 31, 2020

Investments [Abstract]

Summary of investments

(in thousands)		2020		2019
Investments held at fair value:
Short-term debt securities		$	269,802	$	297,845
Debt and equity securities held by consolidated sponsored funds			376,098		514,072
Debt and equity securities held in separately managed accounts			93,278		76,662
Non-consolidated sponsored funds and other			10,497		10,329
Total investments held at fair value			749,675		898,908
Investments held at cost			20,928		20,904
Investments in non-consolidated CLO entities			1,116		1,417
Investments in equity method investees			11,527		139,510
Total investments(1)		$	783,246	$	1,060,739
(1)	Excludes bank loans and other investments held by consolidated CLO entities, which are discussed in Note 6.

Summary of realized gains and losses recognized upon disposition of investments classified as available-for-sale

(in thousands)	2020		2019		2018
Realized gains (losses) on securities sold	$	(6,223)	$	(505)	$	6,951
Unrealized gains (losses) on investments held at fair value		(13,580)		20,416		(22,814)
Net gains (losses) on investments held at fair value	$	(19,803)	$	19,911	$	(15,863)

Summary of equity method investees

(in thousands)		2020		2019
Equity in net assets of Hexavest	$	7,914	$	5,466
Definite-lived intangible assets		4,668		19,486
Goodwill		-		116,319
Deferred tax liability		(1,226)		(5,243)
Total carrying value	$	11,356	$	136,028