Investments

6 Months Ended

Jun. 30, 2020

Investments [Abstract]

Investments

Investments are comprised of the following as of the dates indicated (in millions):

	June 30, 2020		December 31, 2019
Investments of consolidated Funds held at fair value	$	110.0	$	119.5
Other investments held at fair value	54.6		95.5
Investments related to long-term incentive compensation plans held at fair value	88.9		88.8
Total investments held at fair value	253.5		303.8
Equity-accounted investments in Affiliates and consolidated Funds(1)	104.0		73.1
Total investments per Condensed Consolidated Balance Sheets	$	357.5	$	376.9

(1)Equity-accounted investments in consolidated Funds is comprised of Investments in partnership interests where a portion of return includes carried interest. These investments are accounted for within the scope of ASC 323, Investments - Equity Method and Joint Ventures because the Company has determined it has significant influence.

Investment income is comprised of the following for the three and six months ended June 30 (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Realized and unrealized gains (losses) on other investments held at fair value	$	6.0	$	1.4	$	(8.3)	$	7.8
Investment return of equity-accounted investments in Affiliates	0.6		0.7		1.2		1.3
Total investment income (loss) per Condensed Consolidated Statements of Operations	$	6.6	$	2.1	$	(7.1)	$	9.1

Investment gains (losses) on net consolidated funds is comprised of the following for the three and six months ended June 30 (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Realized and unrealized gains (losses) on consolidated Funds held at fair value	$	6.7	$	0.1	$	(10.5)	$	3.0
Investment return of equity-accounted investments	28.9		(4.6)		28.9		6.1
Total net consolidated Funds’ investment gains per Condensed Consolidated Statements of Operations	$	35.6	$	(4.5)	$	18.4	$	9.1