Investments (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Investments [Abstract]

Schedule of Investments

The Company's investments, excluding the assets of consolidated investment products ("CIP") discussed in Note 16, at March 31, 2023 and December 31, 2022 were as follows:

(in thousands)	March 31, 2023		December 31, 2022
Investment securities - fair value	$	80,654	$	76,999
Equity method investments (1)	22,755		11,448
Nonqualified retirement plan assets	10,740		10,154
Other investments	1,514		1,729
Total investments	$	115,663	$	100,330

(1)     The Company's equity method investments are valued on a three-month lag based upon the availability of financial information. On January 1, 2023, the Company made an additional investment in an existing minority interest in an affiliated manager for $11.6 million including transaction costs.

Schedule of Marketable Securities

The composition of the Company’s investment securities - fair value was as follows:

	March 31, 2023				December 31, 2022
(in thousands)	Cost		Fair Value		Cost		Fair Value
Investment Securities - fair value
Sponsored funds	$	69,995	$	65,551	$	67,472	$	62,744
Equity securities	13,511		15,103		13,440		14,255
Total investment securities - fair value	$	83,506	$	80,654	$	80,912	$	76,999