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Investments of Operating Entities and Consolidated Funds - Derivatives (Details) (USD $)
6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2014
contract
Mar. 10, 2014
Dec. 31, 2013
contract
Jun. 30, 2014
Futures
Dec. 31, 2013
Futures
Jun. 30, 2014
Forward Contracts
Dec. 31, 2013
Forward Contracts
Jun. 30, 2014
Cross Rate
Dec. 31, 2013
Cross Rate
Jun. 30, 2014
Equity Swaps
Dec. 31, 2013
Equity Swaps
Jun. 30, 2014
Options
Dec. 31, 2013
Options
Jun. 30, 2014
Put Option
Dec. 31, 2013
Put Option
Jun. 30, 2014
Receivables from Brokers-Dealers and Clearing Organizations
Dec. 31, 2013
Receivables from Brokers-Dealers and Clearing Organizations
Jun. 30, 2014
Other Income
Jun. 30, 2013
Other Income
Jun. 30, 2014
Other Income
Jun. 30, 2013
Other Income
Jun. 30, 2014
Merger Master
Dec. 31, 2013
Merger Master
Jun. 30, 2014
Common Stock
Mar. 10, 2014
Common Stock
Derivative [Line Items]                                                  
Derivative Asset, Fair Value, Gross Asset $ 45,043,000   $ 10,075,000                                            
Derivative, Fair Value, Net                                           (1,080,000) (156,000)    
Embedded cash conversion value 37,700,000 35,700,000                                              
Call Option, Fair Value 37,700,000 35,700,000                                              
Warrants issued 15,218,000                                                
Cost of hedge transaction and warrant, net   20,500,000                                              
Class of Warrant or Right, Number of Securities Called by Warrants or Rights                                               28,048,786  
Class of Warrant, Exercise Price of Warrants or Rights                                                 7.18
Derivative Assets 45,043,000   10,075,000 92,000 285,000     0 22,000 55,000 [1] 70,000 [1] 44,896,000 [2] 9,698,000 [2]                        
Derivative Asset, Fair Value, Amount Offset Against Collateral 0 [3]   0 [3]                                            
Derivative Asset, Fair Value, Amount Not Offset Against Collateral 45,043,000 [4]   10,075,000 [4]                                            
Derivative asset, net of offset 0   0                                            
Derivative Liability, Fair Value, Gross Liability 53,353,000   7,674,000                                            
Derivative Asset, Number of Instruments Held 58,555   71,129                                            
Derivative liabilities 53,353,000   7,674,000 11,000 275,000 156,000 301,000     2,280,000 [1] 525,000 [1]     50,906,000 [5] 6,573,000 [5]                    
Derivative Liability, Number of Instruments Held 28,483   38,221                                            
Derivative Asset, Notional Amount 1,000,000   200,000                                            
Derivative Liability, Notional Amount 23,000,000   100,000                                            
Realized and unrealized gains/(losses) related to derivatives trading activities                                   (1,800,000) 800,000 (3,700,000) (4,400,000)        
Collateral posted                               19,200,000 10,000,000                
Derivative Liability, Fair Value, Amount Offset Against Collateral 0 [3]   0 [3]                                            
Derivative Liability, Fair Value, Amount Not Offset Against Collateral 53,353,000 [4]   7,674,000 [4]                                            
Derivative Liability, net of offset $ 0   $ 0                                            
Trading days for expiration 80 days                                                
[1] The notional values of equity swaps classified as receivable on derivative contracts are $0.6 million and $0.2 million as of June 30, 2014 and December 31, 2013, respectively. The notional values of equity and credit default swaps classified as payable for derivative contracts are $23.0 million and $0.1 million as of June 30, 2014 and December 31, 2013, respectively.
[2] As of June 30, 2014 and December 31, 2013, the Company had 58,555 and 71,129 contracts held, respectively.
[3] Includes financial instruments subject to enforceable master netting provisions that are permitted to be offset to the extent an event of default has occurred.
[4] Includes the amount of collateral held or posted.
[5] As of June 30, 2014 and December 31, 2013, the Company had 28,483 and 38,221 contracts held, respectively.