Consolidated Statements of Cash Flows - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net (loss)/income		$ (8,638)	$ 8,824
Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities:
Impairments		19,672	572
Advisory fees received in gold and other precious metals		(13,860)	(11,389)
Deferred income taxes		4,526	3,048
Contractual gold payments		3,760	3,098
Stock-based compensation		3,239	3,072
Gain on sale – Canadian ETF business		(2,877)	0
(Loss)/gain on revaluation of deferred consideration	[1]	2,208	(4,404)
Amortization of right of use asset		798	798
Amortization of credit facility issuance costs		723	711
Paid-in-kind interest income		0	(595)
Depreciation and amortization		256	269
Other		(31)	3
Changes in operating assets and liabilities:
Securities owned, at fair value		(2,942)	2,454
Accounts receivable		5,850	(1,939)
Income taxes payable		(2,032)	(604)
Prepaid expenses		(616)	419
Gold and other precious metals		9,838	7,975
Other assets		139	182
Fund management and administration payable		537	4,274
Compensation and benefits payable		(22,688)	(9,250)
Securities sold, but not yet purchased, at fair value		(112)	(360)
Operating lease liabilities		(926)	(881)
Accounts payable and other liabilities		542	1,575
Net cash (used in)/provided by operating activities		(2,634)	7,852
Cash flows from investing activities:
Purchase of fixed assets		(50)	(7)
Proceeds from held-to-maturity securities maturing or called prior to maturity		6,030	18
Proceeds from sale of Canadian ETF business, net		2,774	0
Net cash used in investing activities		8,754	11
Cash flows from financing activities:
Dividends paid		(5,136)	(5,097)
Repayment of debt		(5,000)	0
Shares repurchased		(1,495)	(2,005)
Proceeds from exercise of stock options		240	14
Net cash used in financing activities		(11,391)	(7,088)
(Decrease)/increase in cash flow due to changes in foreign exchange rate		(1,272)	383
Net (decrease)/increase in cash and cash equivalents		(6,543)	1,158
Cash and cash equivalents – beginning of period		74,972	77,784
Cash and cash equivalents – end of period		68,429	78,942
Supplemental disclosure of cash flow information:
Cash paid for taxes		1,147	707
Cash paid for interest		$ 2,312	$ 2,224

[1] Gains/(losses) arise due to (decreases)/increases in the forward-looking price of gold and the magnitude of any gain or loss is highly correlated to the magnitude of the change in the forward-looking price of gold. See Note 4 for significant unobservable assumption and a reconciliation of changes in the deferred consideration balances.