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FAIR VALUE (Valuation Techniques) (Details)
$ in Thousands
Sep. 30, 2018
USD ($)
Dec. 31, 2017
USD ($)
Assets    
Partnership interest $ 39,985 $ 35,998
Consolidated Funds    
Assets    
Equity securities 227,970 235,135
Partnership interest 269,782 232,332
Collateralized loan obligations 6,884,696 4,963,194
Fixed income securities 7,017,631 5,115,375
Derivative instruments   1,366
Total assets 7,516,837 5,584,208
Liabilities    
Liabilities, at fair value (6,885,329) (4,963,656)
Consolidated Funds | Level III    
Assets    
Equity securities 180,359 162,577
Partnership interest 269,782 232,332
Collateralized loan obligations 0 0
Fixed income securities 384,033 267,889
Derivative instruments   1,366
Total assets 835,628 664,164
Liabilities    
Liabilities, at fair value (633) (462)
Consolidated Funds | Level III | Transaction price    
Assets    
Equity securities 85,783 38,081
Consolidated Funds | Level III | Broker quotes and/or 3rd party pricing services    
Assets    
Equity securities 45 126
Fixed income securities 354,818 222,413
Derivative instruments 1,454 1,366
Liabilities    
Derivatives instruments (633) (462)
Consolidated Funds | Level III | Enterprise value market multiple analysis    
Assets    
Equity securities $ 49,894 $ 63,155
Consolidated Funds | Level III | Enterprise value market multiple analysis | EBITDA multiple    
Unobservable Input    
Equity securities 7.7 2.7
Consolidated Funds | Level III | Enterprise value market multiple analysis | EBITDA multiple | Weighted Average    
Unobservable Input    
Equity securities 7.7 2.7
Consolidated Funds | Level III | Market approach    
Assets    
Equity securities $ 44,637 $ 61,215
Fixed income securities   $ 233
Consolidated Funds | Level III | Market approach | EBITDA multiple    
Unobservable Input    
Fixed income securities   6.5
Consolidated Funds | Level III | Market approach | EBITDA multiple | Weighted Average    
Unobservable Input    
Fixed income securities   6.5
Consolidated Funds | Level III | Market approach | Net income multiple    
Unobservable Input    
Equity securities 38.3  
Consolidated Funds | Level III | Market approach | Net income multiple | Minimum    
Unobservable Input    
Equity securities   27.0
Consolidated Funds | Level III | Market approach | Net income multiple | Maximum    
Unobservable Input    
Equity securities   36.2
Consolidated Funds | Level III | Market approach | Net income multiple | Weighted Average    
Unobservable Input    
Equity securities 38.3 33.7
Consolidated Funds | Level III | Market approach | Illiquidity discount    
Unobservable Input    
Equity securities 0.250 0.25
Consolidated Funds | Level III | Market approach | Illiquidity discount | Weighted Average    
Unobservable Input    
Equity securities 0.250 0.25
Consolidated Funds | Level III | Discounted cash flow    
Assets    
Partnership interest $ 269,782 $ 232,332
Consolidated Funds | Level III | Discounted cash flow | Discount rate    
Unobservable Input    
Partnership interest 0.170 0.190
Consolidated Funds | Level III | Discounted cash flow | Discount rate | Weighted Average    
Unobservable Input    
Partnership interest 0.170 0.190
Consolidated Funds | Level III | Income approach    
Assets    
Fixed income securities $ 29,215 $ 45,243
Consolidated Funds | Level III | Income approach | Yield | Minimum    
Unobservable Input    
Fixed income securities 0.009 0.108
Consolidated Funds | Level III | Income approach | Yield | Maximum    
Unobservable Input    
Fixed income securities 0.127 0.225
Consolidated Funds | Level III | Income approach | Yield | Weighted Average    
Unobservable Input    
Fixed income securities 0.111 0.121
Ares Management L.P    
Assets    
Equity securities $ 11,828 $ 1,636
Partnership interest 81,814 80,767
Total assets 116,345 278,059
Liabilities    
Liabilities, at fair value (1,780) (2,639)
Ares Management L.P | Level III    
Assets    
Equity securities 10,397 0
Partnership interest 41,829 44,769
Total assets 74,874 239,927
Liabilities    
Liabilities, at fair value 0 0
Ares Management L.P | Level III | Transaction price    
Assets    
Equity securities 10,397  
Partnership interest 41,829  
Ares Management L.P | Level III | Other    
Assets    
Partnership interest   44,769
Ares Management L.P | Level III | Broker quotes and/or 3rd party pricing services    
Assets    
Collateralized loan obligations $ 22,648 $ 195,158