Non Controlling and Other Beneficial Interests

6 Months Ended

Apr. 30, 2012

Non Controlling Interests Disclosure [Abstract]

15. Non-controlling and Other Beneficial Interests

Net (income) loss attributable to non-controlling and other beneficial interests totaled $(9.9) million and $8.7 million for the three months ended April 30, 2012 and 2011, respectively. Net (income) loss attributable to non-controlling and other beneficial interests totaled $(27.5) million and $(13.0) million for the six months ended April 30, 2012 and 2011, respectively.

The components of net (income) loss attributable to non-controlling and other beneficial interests for the three and six months ended April 30, 2012 and 2011 were as follows:

			Three Months Ended				Six Months Ended
			April 30,				April 30,
(in thousands)			2012		2011		2012		2011
Consolidated funds		$	(1,182)	$	(3,323)	$	(2,328)	$	(4,659)
Majority-owned subsidiaries			(3,751)		(3,092)		(7,111)		(5,936)
Consolidated CLO entity			(3,870)		18,004		(8,861)		18,631
Non-controlling interest value adjustments⁽¹⁾			(1,097)		(2,875)		(9,199)		(21,072)
Net (income) loss attributable to non-controlling
and other beneficial interests		$	(9,900)	$	8,714	$	(27,499)	$	(13,036)

⁽¹⁾	Relates to non-controlling interests redeemable at other than fair value.

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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