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Investments (Tables)
 9 Months Ended
Sep. 30, 2015
Investments Schedule [Abstract]  
Summary of Investments
The Company’s investments, excluding the assets of consolidated sponsored investment products discussed in Note 13 and the assets of the consolidated investment product discussed in Note 14, at September 30, 2015 and December 31, 2014 were as follows:
 
September 30,
2015
 
December 31,
2014
($ in thousands)
 
 
 
Marketable securities
$
40,136

 
$
50,251

Equity method investments
9,194

 
7,209

Nonqualified retirement plan assets
4,970

 
5,063

Other investments
925

 
925

Total investments
$
55,225

 
$
63,448
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:
September 30, 2015
 
 
Cost
 
Unrealized
Loss
 
Unrealized
Gain
 
Fair
Value
($ in thousands)
 
 
 
 
 
 
 
Trading:
 
 
 
 
 
 
 
Sponsored funds
$
32,079

 
$
(1,829
)
 
$
288

 
$
30,538

Equity securities
7,236

 
(648
)
 
57

 
6,645

Available-for-sale:
 
 
 
 
 
 
 
Sponsored closed-end funds
3,297

 
(344
)
 
—

 
2,953

Total marketable securities
$
42,612

 
$
(2,821
)
 
$
345

 
$
40,136

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