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Investment Securities - Fair value of investment securities (Details) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Fair value of investments    
Cash equivalents $ 41,090 $ 196,931
Available for sale securities 269,039 250,764
Trading debt securities 180,546 118,222
Equity securities 206,744 200,309
Total investment securities 691,616 617,135
Money market funds    
Fair value of investments    
Cash equivalents 3,090 121,759
U.S. government sponsored enterprise note    
Fair value of investments    
Cash equivalents 896 895
Certificates of deposit    
Fair value of investments    
Available for sale securities   5,001
Commercial paper    
Fair value of investments    
Cash equivalents 37,104 74,277
Available for sale securities 1,975 7,970
Trading debt securities 1,975 1,993
Corporate bonds    
Fair value of investments    
Available for sale securities 267,064 218,121
Trading debt securities 89,057 77,250
U.S. treasury bills    
Fair value of investments    
Available for sale securities   19,672
Trading debt securities 5,968 5,884
Mortgage-backed securities    
Fair value of investments    
Trading debt securities 5 7
Term loans    
Fair value of investments    
Trading debt securities 42,272  
Common Stock    
Fair value of investments    
Equity securities 31,744 21,204
Consolidated Sponsored Funds    
Fair value of investments    
Trading debt securities 41,269 33,088
Equity securities   24,879
Sponsored funds    
Fair value of investments    
Equity securities 174,219 153,548
Equity method securities 35,287 47,840
Sponsored privately offered funds    
Fair value of investments    
Equity securities 781 678
Level 1    
Fair value of investments    
Cash equivalents 3,090 121,759
Total investment securities 241,248 247,459
Level 1 | Money market funds    
Fair value of investments    
Cash equivalents 3,090 121,759
Level 1 | Common Stock    
Fair value of investments    
Equity securities 31,742 21,192
Level 1 | Consolidated Sponsored Funds    
Fair value of investments    
Equity securities   24,879
Level 1 | Sponsored funds    
Fair value of investments    
Equity securities 174,219 153,548
Equity method securities 35,287 47,840
Level 2    
Fair value of investments    
Cash equivalents 38,000 75,172
Total investment securities 448,192 368,986
Level 2 | U.S. government sponsored enterprise note    
Fair value of investments    
Cash equivalents 896 895
Level 2 | Certificates of deposit    
Fair value of investments    
Available for sale securities   5,001
Level 2 | Commercial paper    
Fair value of investments    
Cash equivalents 37,104 74,277
Available for sale securities 1,975 7,970
Trading debt securities 1,975 1,993
Level 2 | Corporate bonds    
Fair value of investments    
Available for sale securities 267,064 218,121
Trading debt securities 89,057 77,250
Level 2 | U.S. treasury bills    
Fair value of investments    
Available for sale securities   19,672
Trading debt securities 5,968 5,884
Level 2 | Mortgage-backed securities    
Fair value of investments    
Trading debt securities 5 7
Level 2 | Term loans    
Fair value of investments    
Trading debt securities 40,879  
Level 2 | Consolidated Sponsored Funds    
Fair value of investments    
Trading debt securities 41,269 33,088
Level 3    
Fair value of investments    
Total investment securities 1,395 12
Level 3 | Term loans    
Fair value of investments    
Trading debt securities 1,393  
Level 3 | Common Stock    
Fair value of investments    
Equity securities 2 12
Other Assets Held at Net Value    
Fair value of investments    
Total investment securities 781 678
Other Assets Held at Net Value | Sponsored privately offered funds    
Fair value of investments    
Equity securities $ 781 $ 678