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Investment Securities - Fair value of investment securities (Details) - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Fair value of investments    
Cash equivalents $ 42,346 $ 196,931
Available for sale securities 256,268 250,764
Trading debt securities 180,715 118,222
Equity securities 214,176 200,309
Total investment securities 688,346 617,135
Money market funds    
Fair value of investments    
Cash equivalents 4,203 121,759
U.S. government sponsored enterprise note    
Fair value of investments    
Cash equivalents   895
Certificates of deposit    
Fair value of investments    
Available for sale securities   5,001
Commercial paper    
Fair value of investments    
Cash equivalents 38,143 74,277
Available for sale securities 1,977 7,970
Trading debt securities 1,977 1,993
Corporate bonds    
Fair value of investments    
Available for sale securities 254,291 218,121
Trading debt securities 84,920 77,250
U.S. treasury bills    
Fair value of investments    
Available for sale securities   19,672
Trading debt securities 5,979 5,884
Mortgage-backed securities    
Fair value of investments    
Trading debt securities 4 7
Term loans    
Fair value of investments    
Trading debt securities 44,268  
Common Stock    
Fair value of investments    
Equity securities 34,945 21,204
Consolidated Sponsored Funds    
Fair value of investments    
Trading debt securities 43,567 33,088
Equity securities   24,879
Sponsored funds    
Fair value of investments    
Equity securities 178,386 153,548
Equity method securities 37,187 47,840
Sponsored privately offered funds    
Fair value of investments    
Equity securities 845 678
Level 1    
Fair value of investments    
Cash equivalents 4,203 121,759
Total investment securities 250,515 247,459
Level 1 | Money market funds    
Fair value of investments    
Cash equivalents 4,203 121,759
Level 1 | Common Stock    
Fair value of investments    
Equity securities 34,942 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 178,386 153,548
Equity method securities 37,187 47,840
Level 2    
Fair value of investments    
Cash equivalents 38,143 75,172
Total investment securities 433,083 368,986
Level 2 | U.S. government sponsored enterprise note    
Fair value of investments    
Cash equivalents   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 38,143 74,277
Available for sale securities 1,977 7,970
Trading debt securities 1,977 1,993
Level 2 | Corporate bonds    
Fair value of investments    
Available for sale securities 254,291 218,121
Trading debt securities 84,920 77,250
Level 2 | U.S. treasury bills    
Fair value of investments    
Available for sale securities   19,672
Trading debt securities 5,979 5,884
Level 2 | Mortgage-backed securities    
Fair value of investments    
Trading debt securities 4 7
Level 2 | Term loans    
Fair value of investments    
Trading debt securities 40,368  
Level 2 | Consolidated Sponsored Funds    
Fair value of investments    
Trading debt securities 43,567 33,088
Level 3    
Fair value of investments    
Total investment securities 3,903 12
Level 3 | Term loans    
Fair value of investments    
Trading debt securities 3,900  
Level 3 | Common Stock    
Fair value of investments    
Equity securities 3 12
Other Assets Held at Net Value    
Fair value of investments    
Total investment securities 845 678
Other Assets Held at Net Value | Sponsored privately offered funds    
Fair value of investments    
Equity securities $ 845 $ 678