Consolidated Statements of Operations and Comprehensive Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues:
Advisory fees	$ 46,942	$ 39,437	$ 133,489	$ 105,691
Other income	172	193	673	611
Total revenues	47,114	39,630	134,162	106,302
Expenses:
Compensation and benefits	9,990	9,648	26,896	26,577
Fund management and administration	8,465	8,794	25,451	26,123
Marketing and advertising	3,341	2,031	8,645	6,164
Sales and business development	1,279	1,305	4,307	4,626
Professional and consulting fees	1,383	542	5,018	1,812
Occupancy, communications, and equipment	882	723	2,635	1,691
Depreciation and amortization	207	84	600	249
Third-party sharing arrangements	187	374	312	913
Other	1,123	1,164	3,429	3,086
Total expenses	26,857	24,665	77,293	71,241
Income before taxes	20,257	14,965	56,869	35,061
Income tax	9,634		5,440
Net income	10,623	14,965	51,429	35,061
Net income per share-basic	$ 0.08	$ 0.12	$ 0.39	$ 0.28
Net income per share-diluted	$ 0.08	$ 0.11	$ 0.37	$ 0.25
Weighted-average common shares-basic	131,778	126,509	131,418	125,909
Weighted-average common shares-diluted	138,346	140,097	138,476	139,805
Other comprehensive income
Net income	10,623	14,965	51,429	35,061
Foreign currency translation adjustment	(9)		(9)
Comprehensive income	$ 10,614	$ 14,965	$ 51,420	$ 35,061