Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Financial Instruments

Schedule of fair value of derivative financial instruments, excluding derivative financial instruments held in certain consolidated sponsored funds

The following table presents the fair value of the derivative financial instruments, excluding derivative financial instruments held in certain consolidated sponsored funds as of December 31, 2016:

	December 31, 2016
	Balance sheet
	location	Fair value
		(in thousands)
Total return swap contracts	Other current liabilities	$	475

Schedule of net losses recognized in income of derivative financial instrument

The following is a summary of net losses recognized in income for the year ended December 31, 2016:

	Income statement	Year ended
	location	December 31, 2016
		(in thousands)
Total return swap contracts	Investment and other income (loss)	$	(31,974)