Investments (Tables)

12 Months Ended

Dec. 31, 2014

Investments Schedule [Abstract]

Summary of Investments

The Company’s investments, excluding the assets of consolidated sponsored investment products, discussed in Note 19, are as follows:

	December 31,
	2014		2013
($ in thousands)
Marketable securities	$	50,251	$	28,968
Equity method investments		7,209		4,070
Nonqualified retirement plan assets		5,063		4,220
Other investments		925		—
Total investments	$	63,448	$	37,258

Schedule of Marketable Securities

The Company’s marketable securities consist of both trading (including securities held by a broker-dealer affiliate) and available-for-sale securities. The composition of the Company’s marketable securities is summarized as follows:

December 31, 2014
	Cost		Unrealized Loss			Unrealized Gain		Fair Value
($ in thousands)
Trading:
Sponsored funds	$	39,079	$	(1,190	)	$	423	$	38,312
Equity securities		8,421		—			319		8,740
Available-for-sale:
Sponsored closed-end funds		3,129		(163	)		233		3,199
Total marketable securities	$	50,629	$	(1,353	)	$	975	$	50,251

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 closed-end funds		2,815		(145	)		15		2,685
Total marketable securities	$	25,937	$	(849	)	$	3,880	$	28,968