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Net investment income
 9 Months Ended
Sep. 30, 2017
Net Investment Income [Abstract]  
Net investment income (loss)
Net investment income for the three and nine months ended September 30, 2017 and 2016 consisted of the following:
 
Three months ended
 
Nine months ended
 
September 30,
2017
 
September 30,
2016
 
September 30,
2017
 
September 30,
2016
Net investment income by type
($ in thousands)
Net realized gains on investments and investment derivatives
$
25,877

 
$
20,688

 
$
180,382

 
$
62,642

Net unrealized gains on investments and investment derivatives
75,666

 
90,709

 
203,461

 
89,470

Net gains (losses) on foreign currencies
7,572

 
(1,191
)
 
5,419

 
(2,158
)
Dividend and interest income
17,355

 
15,238

 
57,062

 
56,262

Dividends paid on securities sold, not yet purchased
(1,537
)
 
(324
)
 
(3,205
)
 
(1,284
)
Other expenses
(4,883
)
 
(4,508
)
 
(15,063
)
 
(14,926
)
Net gain (loss) on investment in Kiskadee Fund
(534
)
 
596

 
(74
)
 
1,078

Net investment income before management and performance fees to related parties
119,516

 
121,208

 
427,982

 
191,084

Management and performance fees to related parties
(30,548
)
 
(32,852
)
 
(103,179
)
 
(56,492
)
 
$
88,968

 
$
88,356

 
$
324,803

 
$
134,592

The following table provides an additional breakdown of our net investment income by asset and liability type for the three and nine months ended September 30, 2017 and 2016:
 
Three months ended
 
Nine months ended
 
September 30, 2017
 
September 30, 2016
 
September 30, 2017
 
September 30, 2016
Net investment income (loss) by asset type
($ in thousands)
Equity securities
$
81,778

 
$
89,979

 
$
343,605

 
$
111,485

Private common equity securities
(65
)
 
203

 
(26
)
 
(1,034
)
Private preferred equity securities
1,439

 
2,949

 
3,066

 
(2,398
)
Total equities
83,152

 
93,131

 
346,645

 
108,053

Asset-backed securities
6,532

 
11,431

 
11,665

 
3,367

Bank debt
1,277

 
3,582

 
7,491

 
3,933

Corporate bonds
999

 
33,160

 
6,707

 
96,375

U.S. Treasury securities
806

 
(447
)
 
3,171

 
6,759

Sovereign debt
9,835

 
11,181

 
21,683

 
33,329

Other debt securities
2,417

 
—

 
2,417

 
—

Total debt securities
21,866

 
58,907

 
53,134

 
143,763

Options
(9,343
)
 
(12,440
)
 
(26,409
)
 
(26,934
)
Rights and warrants
(16
)
 
(15
)
 
22

 
(298
)
Real estate
398

 
—

 
398

 
—

Trade claims
(716
)
 
(295
)
 
(497
)
 
140

Total other investments
(9,677
)
 
(12,750
)
 
(26,486
)
 
(27,092
)
Net investment income in funds valued at NAV
2,216

 
1,117

 
8,939

 
1,895

Total net investment income from invested assets
97,557

 
140,405

 
382,232

 
226,619

Net investment income (loss) by liability type
 
 
 
 
 
 
 
Equity securities
(6,144
)
 
(15,503
)
 
(13,611
)
 
(8,228
)
Sovereign debt
—

 
(1
)
 
2

 
(383
)
Corporate bonds
350

 
333

 
(1,819
)
 
(4,720
)
Options
4,593

 
4,488

 
8,175

 
8,818

Total net investment loss from securities sold, not yet purchased
(1,201
)
 
(10,683
)
 
(7,253
)
 
(4,513
)
Other investment income (losses) and other expenses not presented above
 
 
 
 
 
 
 
Other investment expenses
(1,477
)
 
(1,436
)
 
(400
)
 
(4,231
)
Net investment income (loss) on derivative contracts
17,683

 
(4,403
)
 
48,087

 
(21,870
)
Net investment income (loss) on cash, including foreign exchange gain (loss)
5,738

 
(3,279
)
 
(255
)
 
(7,638
)
Net investment losses on securities purchased under an agreement to sell and securities sold under and agreement to repurchase
—

 
(370
)
 
(39
)
 
(1,937
)
Withholding taxes reclassified to income tax expense
1,216

 
974

 
5,610

 
4,654

Total other investment income (losses) and other expenses
23,160

 
(8,514
)
 
53,003

 
(31,022
)
Net investment income before management and performance fees to related parties
119,516

 
121,208

 
427,982

 
191,084

Management and performance fees to related parties
(30,548
)
 
(32,852
)
 
(103,179
)
 
(56,492
)
Net investment income
$
88,968

 
$
88,356

 
$
324,803

 
$
134,592