Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the identified acquired assets and liabilities assumed as of the AlphaSimplex acquisition date:

	April 1, 2023
	(in thousands)
Assets:
Cash and cash equivalents	$	4,395
Investments	8,567
Accounts receivable	5,422
Furniture, equipment and leasehold improvements	4,161
Intangible assets	55,400
Goodwill	48,262
Other assets	9,126
Total Assets	135,333
Liabilities:
Accounts payable and accrued liabilities	21,939
Total Liabilities	21,939
Total Net Assets Acquired	$	113,394

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

In connection with the allocation of the AlphaSimplex purchase price, the Company identified the following intangible assets:

	April 1, 2023
	Approximate Fair Value (in thousands)		Weighted Average of Useful Life (in years)
Definite-lived intangible assets:
Investment management agreements	$	52,000	10.5
Trade names	3,400		9.0
Total definite-lived intangible assets	$	55,400