Investments (Tables)

12 Months Ended

Oct. 31, 2019

Investments [Abstract]

Summary of investments

(in thousands)		2019		2018
Investments held at fair value:
Short-term debt securities		$	297,845	$	273,320
Debt and equity securities held by consolidated sponsored funds			514,072		540,582
Debt and equity securities held in separately managed accounts			76,662		89,121
Non-consolidated sponsored funds and other			10,329		10,329
Total investments held at fair value			898,908		913,352
Investments held at cost			20,904		20,874
Investments in non-consolidated CLO entities			1,417		2,895
Investments in equity method investees			139,510		141,506
Total investments(1)(2)		$	1,060,739	$	1,078,627
(1)	Excludes bank loans and other investments held by consolidated CLO entities, which are discussed in Note 6.
(2)	Amounts at October 31, 2019 reflect the adoption of ASU 2016-01. Amounts at October 31, 2018 reflect accounting guidance prior to the adoption of ASU 2016-01. See Note 1 for further information.

Summary of realized gains and losses recognized upon disposition of investments classified as available-for-sale

(in thousands)		2019		2018		2017
Realized gains (losses) on securities sold		$	(505)	$	6,951	$	6,972
Unrealized gains (losses) on investments held at fair value			20,416		(22,814)		15,872
Net gains (losses) on investments held at fair value(1)		$	19,911	$	(15,863)	$	22,844
(1)	Amounts for the year ended October 31, 2019 reflect the adoption of ASU 2016-01. The prior year gains and losses arising from changes in the fair value of investments reflect accounting guidance prior to the adoption of ASU 2016-01. See Note 1 for further information.

Summary of equity method investees

(in millions)		2019		2018
Equity in net assets of Hexavest	$	5.5	$	6.0
Definite-lived intangible assets		19.5		21.3
Goodwill		116.3		116.4
Deferred tax liability		(5.3)		(5.7)
Total carrying value	$	136.0	$	138.0