Schedule of fair value and notional amounts of derivative contracts by major product type on a gross basis |
The following tables identify the fair value and notional amounts of derivative contracts by major product type on a gross basis for the Company and the Consolidated Funds as of September 30, 2018 and December 31, 2017: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of September 30, 2018 | | As of December 31, 2017 | | | Assets | | Liabilities | | Assets | | Liabilities | The Company | | Notional(1) | | Fair Value | | Notional(1) | | Fair Value | | Notional(1) | | Fair Value | | Notional(1) | | Fair Value | Foreign exchange contracts | | $ | 9,310 |
| | $ | 55 |
| | $ | 75,533 |
| | $ | 1,780 |
| | $ | 13,724 |
| | $ | 498 |
| | $ | 51,026 |
| | $ | 2,639 |
| Total derivatives, at fair value(2) | | $ | 9,310 |
| | $ | 55 |
| | $ | 75,533 |
| | $ | 1,780 |
| | $ | 13,724 |
| | $ | 498 |
| | $ | 51,026 |
| | $ | 2,639 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | As of September 30, 2018 | | As of December 31, 2017 | | | Assets | | Liabilities | | Assets | | Liabilities | Consolidated Funds | | Notional(1) | | Fair Value | | Notional(1) | | Fair Value | | Notional(1) | | Fair Value | | Notional(1) | | Fair Value | Asset swap - other | | 5,397 |
| | 1,454 |
| | (1,480 | ) | | (633 | ) | | 5,363 |
| | 1,366 |
| | 1,840 |
| | 462 |
| Total derivatives, at fair value(3) | | 5,397 |
|
| 1,454 |
|
| (1,480 | ) |
| (633 | ) |
| 5,363 |
|
| 1,366 |
|
| 1,840 |
|
| 462 |
|
| | (1) | Represents the total contractual amount of derivative assets and liabilities outstanding. |
| | (2) | As of September 30, 2018 and December 31, 2017, the Company had the right to, but elected not to, offset $0.1 million and $0.5 million of its derivative assets and liabilities, respectively. |
| | (3) | As of September 30, 2018 and December 31, 2017, the Consolidated Funds offset $0.5 million and $0.4 million of their derivative assets and liabilities, respectively. |
|