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SEGMENT REPORTING - Adjusted Net Income (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:                      
Management fees                 $ 192,605 [1] $ 134,568 [1] $ 140,715 [1]
Incentive income                 2,317 [1] 10,415 [1] 15,055 [1]
Investment income                 56,027 [1] 25,382 [1] 8,600 [1]
Total revenues 43,183 56,786 52,414 42,539 46,802 31,906 29,207 37,068 194,922 144,983 155,770
Expenses:                      
Compensation and benefits                 (365,696) (330,018) (308,194)
Equity-based compensation                 (28,441) (36,342) (948,746)
Incentive income compensation                 (482,551) (222,594) (179,234)
Depreciation and amortization expense                 (7,119) (7,397) (6,583)
Total expenses (331,859) (214,158) (285,540) (275,505) (248,008) (168,020) (207,008) (167,567) (1,107,062) [2] (790,603) [3] (1,644,864) [4]
Other income (expense), net                 409 7,027 [5] (1,209)
Adjusted net income                 1,080,707 717,250 428,384
Investment Management
                     
Revenues:                      
Management fees                 749,901 [1] 747,440 [1] 724,321 [1]
Incentive income                 1,030,195 [1] 461,116 [1] 303,963 [1]
Investment income                 258,654 [1] 202,392 [1] 23,763 [1]
Total revenues                 2,038,750 1,410,948 1,052,047
Expenses:                      
Compensation and benefits                 (365,306) (329,741) (308,115)
Equity-based compensation                 (3,828) (318) 0
Incentive income compensation                 (436,217) (222,594) (179,234)
General and administrative expenses                 (117,361) (102,685) (94,655)
Depreciation and amortization expense                 (7,119) (7,397) (6,583)
Total expenses                 (929,831) [2] (662,735) [3] (588,587) [4]
Adjusted net income before interest and other income (expense)                 1,108,919 748,213 463,460
Interest Expense Net Of Interest Income                 (28,621) [6] (31,730) [6] (33,867) [6]
Other income (expense), net                 409 767 [5] (1,209)
Adjusted net income                 $ 1,080,707 $ 717,250 $ 428,384
[1] The adjustment represents the elimination of amounts attributable to the consolidated funds.
[2] The expense adjustment consists of (a) equity-based compensation charges of $24,613 related to unit grants made before the Company’s initial public offering, (b) consolidated fund expenses of $105,089, (c) expenses incurred by the Intermediate Holding Companies of $1,195 and (d) the effect of timing differences in the recognition of incentive income compensation expense between adjusted net income and net income attributable to OCG of $46,334.
[3] The expense adjustment consists of (a) equity-based compensation charges of $36,024 related to unit grants made before the Company’s initial public offering, (b) consolidated fund expenses of $91,291 and (c) expenses incurred by the Intermediate Holding Companies of $553.
[4] The expense adjustment consists of (a) equity-based compensation charges of $948,746 related to unit grants made before the Company’s initial public offering, (b) consolidated fund expenses of $106,763 and (c) expenses incurred by the Intermediate Holding Companies of $768.
[5] The other income, net adjustment represents other income or expenses of OCG or its Intermediate Holding Companies. This amount is attributable to a reduction in the amount of the deferred tax asset associated with the Company's tax receivable agreement, which reduced the tax receivable agreement liability payable to OCGH unitholders.
[6] nterest income was $3.2 million, $2.6 million and $2.3 million for the years ended December 31, 2013, 2011 and 2010, respectively.