INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Mar. 31, 2011

INTANGIBLE ASSETS AND GOODWILL

Components of intangible assets

			2011			2010
Amortizable asset management contracts
	Cost		$	207,113		$	212,333
	Accumulated amortization			(153,795	)		(133,210	)
		Net		53,318			79,123
Indefinite-life intangible assets
	Fund management contracts			3,753,657			3,753,299
	Trade names			69,800			69,800
				3,823,457			3,823,099
Intangible assets, net			$	3,876,775		$	3,902,222

Estimated amortization expense

Estimated amortization expense for each of the next five fiscal years is as follows:

2012	$	19,584
2013		14,085
2014		11,902
2015		2,987
2016		2,731
Thereafter		2,029
Total	$	53,318

Carrying value of goodwill

	Gross Book Value			Accumulated Impairment			Net Book Value
Balance as of March 31, 2009	$	2,348,647		$	(1,161,900	)	$	1,186,747
Business acquisitions and related costs (see Note 2)		11,968			—			11,968
Contractual acquisition earnout payments (see Note 2)		98,804			—			98,804
Impact of excess tax basis amortization		(18,920	)		—			(18,920	)
Other, including changes in foreign exchange rates		36,697			—			36,697
Balance as of March 31, 2010		2,477,196			(1,161,900	)		1,315,296
Impact of excess tax basis amortization		(22,735	)		—			(22,735	)
Other, including changes in foreign exchange rates		19,091			—			19,091
Balance as of March 31, 2011	$	2,473,552		$	(1,161,900	)	$	1,311,652