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Investments
 6 Months Ended
Jun. 30, 2022
Schedule of Investments [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 16, at June 30, 2022 and December 31, 2021 were as follows:
(in thousands)June 30, 2022December 31, 2021
Investment securities - fair value$77,184 $80,335 
Equity method investments (1)11,968 13,038 
Nonqualified retirement plan assets11,546 13,321 
Other investments2,142 2,196 
Total investments$102,840 $108,890 
(1)     The Company's equity method investments are valued on a three-month lag based upon the availability of financial information. 

Investment Securities - fair value
Investment securities - fair value consist of investments in the Company's sponsored funds and separately managed accounts. The composition of the Company’s investment securities - fair value was as follows:
June 30, 2022December 31, 2021
(in thousands)CostFair ValueCostFair Value
Investment Securities - fair value
Sponsored funds$71,808 $65,121 $63,090 $66,326 
Equity securities11,702 12,063 10,659 14,009 
Total investment securities - fair value$83,510 $77,184 $73,749 $80,335 

For the three and six months ended June 30, 2022, the Company recognized net realized losses of $0.1 million and $30 thousand, respectively, on the sale of its investment securities - fair value. For the three and six months ended June 30, 2021, the Company recognized net realized gains of $1.0 million and $1.8 million, respectively, on the sale of its investment securities - fair value.