Redeemable noncontrolling Interests

9 Months Ended

Sep. 30, 2016

Redeemable noncontrolling Interests.

11.Redeemable Noncontrolling Interests

The earnings related to redeemable noncontrolling interests included in net income for the three and nine months ended September 30, 2016 were $1.0 million and $1.4 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 nine months ended September 30, 2016:


	Nine months ended
	September 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		20,672
Redeemable noncontrolling interests deconsolidation		(44,234)
Net income attributable to redeemable noncontrolling interests		1,355
Ending balance of redeemable noncontrolling interest in consolidated sponsored funds	$	10,372