Investments (Tables)

6 Months Ended

Jun. 30, 2014

Investments Schedule [Abstract]

Summary of Investments

The Company’s investments, excluding the assets of consolidated sponsored investment products discussed in Note 11, at June 30, 2014 and December 31, 2013 are as follows:

	June 30, 2014		December 31, 2013
($ in thousands)
Marketable securities	$	56,403	$	28,968
Equity method investments		4,150		4,070
Nonqualified retirement plan assets		4,546		4,220
Total investments	$	65,099	$	37,258

Schedule of Marketable Securities

The Company’s marketable securities consist of both trading and available-for-sale securities. The composition of the Company’s marketable securities is summarized as follows:

June 30, 2014

	Cost		Unrealized Loss			Unrealized Gain		Fair Value
($ in thousands)
Trading:
Sponsored funds	$	40,403	$	(453	)	$	4,031	$	43,981
Equity securities		7,911		—			1,322		9,233
Available-for-sale:
Sponsored funds		3,019		(95	)		265		3,189
Total marketable securities	$	51,333	$	(548	)	$	5,618	$	56,403

December 31, 2013

	Cost		Unrealized Loss			Unrealized Gain		Fair Value
($ in thousands)
Trading:
Sponsored funds	$	16,079	$	(704	)	$	2,529	$	17,904
Equity securities		7,043		—			1,336		8,379
Available-for-sale:
Sponsored funds		2,815		(145	)		15		2,685
Total marketable securities	$	25,937	$	(849	)	$	3,880	$	28,968