Redeemable Noncontrolling Interests

12 Months Ended

Dec. 31, 2016

Redeemable Noncontrolling Interests.

12. Redeemable Noncontrolling Interests

The earnings related to redeemable noncontrolling interests included in net income for the year ended December 31, 2016 were $1.4 million.

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.


	Year ended
	December 31, 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		20,894
Redeemable noncontrolling interests deconsolidation		(44,234)
Net income attributable to redeemable noncontrolling interests		1,414
Ending balance of redeemable noncontrolling interest in consolidated sponsored funds	$	10,653