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Investments
 9 Months Ended
Sep. 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 ("CIP") discussed in Note 17, at September 30, 2019 and December 31, 2018, were as follows:
 
September 30, 2019
 
December 31, 2018
($ in thousands)
 
 
 
Investment securities - fair value
$
23,651

 
$
59,271

Investment securities - available for sale
—

 
2,023

Equity method investments
11,562

 
10,573

Nonqualified retirement plan assets
8,039

 
6,716

Other investments
1,331

 
975

Total investments
$
44,583

 
$
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:
 
September 30, 2019
 
December 31, 2018
 
Cost
 
Fair Value
 
Cost
 
Fair Value
($ in thousands)
 
 
 
 
 
 
 
Investment Securities - fair value
 
 
 
 
 
 
 
Sponsored funds
$
10,991

 
$
12,366

 
$
43,507

 
$
40,191

Equity securities
9,982

 
11,257

 
16,380

 
16,981

Debt securities
44

 
28

 
3,816

 
2,099

Total Investment Securities - fair value
$
21,017

 
$
23,651

 
$
63,703

 
$
59,271



For the three and nine months ended September 30, 2019, the Company recognized realized gains of $1.0 million and $0.4 million, respectively, on the sale of its investment securities - fair value. For the three and nine months ended September 30, 2018, the Company recognized realized gains of $0.6 million and $1.9 million, respectively, on investment securities - fair value.

Investments Securities - available for sale
Investment securities - available for sale primarily consist of investments in collateralized loan obligations ("CLOs") for which the Company provides investment management services and does not consolidate. The Company had no investment securities - available for sale as of September 30, 2019. 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