Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019 and 2018 calculated based on Level 2 inputs:

			December 31,		December 31,
	Balance sheet		2019		2018
	location	Fair value		Fair value
		(in thousands)
Total return swap contracts	Prepaid expenses and other current assets	$	—		4,968
Total return swap contracts	Other current liabilities		3,990		—
Net total return swap (liability) asset		$	(3,990)		4,968

Schedule of net (losses) gains recognized in income of derivative financial instrument

The following is a summary of net (losses) gains recognized in income for the years ended December 31, 2019 and 2018:

		Year ended
	Income statement	December 31,
	location		2019	2018
		(in thousands)
Total return swap contracts	Investment and other income	$	(38,240)	15,163