Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 210,070	$ 165,284
Accounts receivable	27,576	18,176
Other current assets	2,899	1,708
Total current assets	240,545	185,168
Fixed assets, net	11,974	10,356
Investments	23,689	13,990
Deferred tax asset, net	14,071	9,490
Goodwill	1,676	1,676
Other noncurrent assets	738	71
Total assets	292,693	220,751
Current liabilities:
Fund management and administration payable	12,971	9,983
Compensation and benefits payable	28,060	14,333
Accounts payable and other liabilities	8,063	5,115
Total current liabilities:	49,094	29,431
Acquisition payable	3,942	1,757
Deferred rent payable	5,155	5,278
Total liabilities	$ 58,191	$ 36,466
Stockholders' equity:
Preferred stock, par value $0.01; 2,000 shares authorized:
Common stock, par value $0.01; 250,000 shares authorized; issued: 138,415 and 134,959; outstanding: 136,794 and 133,445	$ 1,384	$ 1,350
Additional paid-in capital	257,960	209,216
Accumulated other comprehensive loss	(126)	(53)
Accumulated deficit	(24,716)	(26,228)
Total stockholders' equity	234,502	184,285
Total liabilities and stockholders' equity	$ 292,693	$ 220,751