Redeemable noncontrolling Interests

6 Months Ended

Jun. 30, 2016

Redeemable noncontrolling Interests.

Redeemable noncontrolling Interests

11.Redeemable Noncontrolling Interests

Redeemable noncontrolling interests in net income for the three and six months ended June 30, 2016 was $(0.1) million and $0.4 million, respectively.

Noncontrolling interests in consolidated sponsored funds may fluctuate from period to period and are impacted by changes in the Company’s percentage of ownership in sponsored funds, changes in third party investment in sponsored funds and market volatility in the sponsored funds’ underlying investments.

The following table details a rollforward of redeemable noncontrolling interests in consolidated sponsored funds for the six months ended June 30, 2016:

	Six months ended
	June 30, 2016
	(in thousands)
Redeemable noncontrolling interests in sponsored funds upon adoption of new consolidation accounting guidance on January 1, 2016	$	14,330
Redeemable noncontrolling interests in sponsored funds consolidated during the period		18,249
Redeemable noncontrolling interests ownership change during the period		22,143
Redeemable noncontrolling interests deconsolidation		(44,234)
Net income attributable to redeemable noncontrolling interests		377
Ending balance of redeemable noncontrolling interest in consolidated sponsored funds	$	10,865