VARIABLE INTEREST ENTITIES AND CONSOLIDATION OF INVESTMENT VEHICLES (Details 3) (CIVs, USD $) In Thousands	Mar. 31, 2011	Mar. 31, 2010
Investments:
Derivative assets	$ 170
Liabilities:
Derivative liabilities	(14,297)
Quoted prices in active markets (Level 1)
Investments:
Derivative assets	125
Financial assets measured at fair value	125
Liabilities:
Derivative liabilities	(128)
Financial liabilities measured at fair value	(128)
Significant other observable inputs (Level 2)
Trading investment securities:
Hedge funds	14,087	24,813
Government and corporate securities	22,139
Repurchase agreements	12,331
Total current investments	48,557
Investments:
CLO loans	275,948
CLO bonds	18,813
Total investments	294,761
Derivative assets	45
Financial assets measured at fair value	343,363	24,813
Liabilities:
Reverse repurchase agreements	(18,310)
Derivative liabilities	(14,169)
Financial liabilities measured at fair value	(32,479)
Significant unobservable inputs (Level 3)
Trading investment securities:
Hedge funds	34,272	12,374
Total current investments	34,272
Investments:
Private equity funds	17,879	13,692
Total investments	17,879
Financial assets measured at fair value	52,151	26,066
Liabilities:
CLO debt	(278,320)
Financial liabilities measured at fair value	(278,320)
Total
Trading investment securities:
Hedge funds	48,359	37,187
Government and corporate securities	22,139
Repurchase agreements	12,331
Total current investments	82,829
Investments:
CLO loans	275,948
CLO bonds	18,813
Private equity funds	17,879	13,692
Total investments	312,640
Derivative assets	170
Financial assets measured at fair value	395,639	50,879
Liabilities:
CLO debt	(278,320)
Reverse repurchase agreements	(18,310)
Derivative liabilities	(14,297)
Financial liabilities measured at fair value	$ (310,927)

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This element represents the collateralized loan obligation bonds (investment), measured at fair value on a recurring basis.

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This element represents the collateralized loan obligation loans (investment), measured at fair value on a recurring basis.

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- Definition

This element represents the private equity funds, measured at fair value on a recurring basis.

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This element represents the government and corporate trading securities, measured at fair value on a recurring basis.

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This element represents trading securities; hedge funds measured at fair value on a recurring basis.

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This element represents the total of financial liabilities, measured at fair value on a recurring basis.

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This element represents the liability related to collateralized loan obligation debt, measured at fair value on a recurring basis.

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- Definition

Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements.

+ References

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements.

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This element represents a certain statement of financial position asset caption which represents a class of assets, or which may include an individual asset, measured at fair value on a recurring basis.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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The carrying value of securities purchased to be resold in reverse repurchase transactions as of the balance sheet date.

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The carrying value of funds outstanding loaned in the form of security resale agreements if the agreement requires the purchaser to resell the identical security purchased or a security that meets the definition of "substantially the same" in the case of a dollar roll. Also includes purchases of participations in pools of securities that are subject to a resale agreement.

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