XML 42 R32.htm IDEA: XBRL DOCUMENT v3.23.3
Investments (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 2023 and December 31, 2022 were as follows:
(in thousands)September 30, 2023December 31, 2022
Investment securities - fair value$118,464 $76,999 
Equity method investments (1)22,557 11,448 
Nonqualified retirement plan assets11,328 10,154 
Other investments— 1,729 
Total investments$152,349 $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:
September 30, 2023December 31, 2022
(in thousands)CostFair ValueCostFair Value
Investment Securities - fair value
Sponsored funds$82,156 $76,958 $67,472 $62,744 
Equity securities15,829 17,167 13,440 14,255 
Debt securities24,339 24,339 — — 
Total investment securities - fair value$122,324 $118,464 $80,912 $76,999