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Investments
 6 Months Ended
Jun. 30, 2019
Investments Schedule [Abstract]  
Investments Investments
Investments consist primarily of investments in the Company's sponsored products. The Company's investments, excluding the assets of consolidated investment products discussed in Note 17, at June 30, 2019 and December 31, 2018, were as follows:
 
June 30, 2019
 
December 31, 2018
($ in thousands)
 
 
 
Investment securities - fair value
$
53,351

 
$
59,271

Investment securities - available for sale
—

 
2,023

Equity method investments
11,026

 
10,573

Nonqualified retirement plan assets
7,852

 
6,716

Other investments
1,167

 
975

Total investments
$
73,396

 
$
79,558


Investment Securities - fair value
Investment securities - fair value consist of investments in the Company's sponsored funds, separately managed accounts and trading debt securities. The composition of the Company’s investment securities - fair value is summarized as follows:
 
June 30, 2019
 
December 31, 2018
 
Cost
 
Fair Value
 
Cost
 
Fair Value
($ in thousands)
 
 
 
 
 
 
 
Investment Securities - fair value
 
 
 
 
 
 
 
Sponsored funds
$
33,046

 
$
34,127

 
$
43,507

 
$
40,191

Equity securities
16,842

 
19,213

 
16,380

 
16,981

Debt securities
22

 
11

 
3,816

 
2,099

Total Investment Securities - fair value
$
49,910

 
$
53,351

 
$
63,703

 
$
59,271



For the three and six months ended June 30, 2019, the Company recognized a realized gain of $0.2 million and a realized loss of $0.6 million, respectively, on the sale of its investment securities - fair value. For the three and six months ended June 30, 2018, the Company recognized a realized gain of $1.7 million and $1.3 million, respectively, on investment securities - fair value.

Investments securities - available for sale
The Company had no investment securities - available for sale as of June 30, 2019. As of December 31, 2018, the Company's investment securities - available for sale primarily consisted of investments in CLOs for which the Company provides investment management services and does not consolidate. The composition of the Company’s investment securities - available for sale as of December 31, 2018 is summarized as follows:
 
December 31, 2018
 
Cost
 
Unrealized Loss
 
Unrealized Gain
 
Fair Value
($ in thousands)
 
 
 
 
 
 
 
Investment Securities - available for sale
 
 
 
 
 
 
 
Investments in CLOs
$
3,696

 
$
(1,673
)
 
$
—

 
$
2,023