INVESTMENTS |
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Mar. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INVESTMENTS | INVESTMENTS Investments consist of the following:
As of March 31, 2017 and December 31, 2016, there were no investments which represented greater than 5% of total investments. In addition, as of March 31, 2017 and December 31, 2016, investments totaling $17.2 billion and $16.1 billion, respectively, were pledged as direct collateral against various financing arrangements. See Note 10 “Debt Obligations.” The majority of the securities underlying private equity investments represent equity securities. Carried Interest Carried interest allocated to the general partner in respect of performance of investment funds that are not consolidated were as follows:
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