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Fair Value Measurements (Tables)
 6 Months Ended
Apr. 30, 2012
Fair Value Measurements Disclosure Table [Abstract]  
Summary of the assets and liabilites measured at fair value on a recurring basis and their assigned levels within the hierarchy.
April 30, 2012             
(in thousands)   Level 1 Level 2 Level 3 Other Assets Not Held at Fair Value  Total
Cash equivalents  $ -$ 314,452$ -$ -$ 314,452
               
Investments:             
Consolidated funds:             
Debt securities  $ -$ 55,523$ -$ -$ 55,523
Equity securities    101,950  5,688  -  -  107,638
Separately managed             
accounts:             
Debt securities    4,451  16,761  -  -  21,212
Equity securities    39,625  339  -  -  39,964
Sponsored funds    33,015  4,308  -  -  37,323
CLO entity(1)    -  -  -  449  449
Investments in affiliates(2)    -  -  -  26,246  26,246
Other investments(3)    -  37  -  7,470  7,507
Total investments  $ 179,041$ 82,656$ -$ 34,165$ 295,862
               
Other financial assets:             
Derivative financial assets  $ -$ 905$ -$ -$ 905
Assets of consolidated CLO            
entity:          
Cash equivalents    26,560  -  -  -  26,560
Bank loans and other investments 72  484,022  2,150  -  486,244
Total other financial assets  $ 26,632$ 484,927$ 2,150$ -$ 513,709
               
Financial liabilities:             
Derivative financial liabilities $ -$ 545$ -$ -$ 545
Securities sold, not yet purchased  -  36,292  -  -  36,292
Liabilities of consolidated CLO            
entity:          
Senior and subordinated note         
obligations -  2,584  483,062  -  485,646
Total financial liabilities  $ -$ 39,421$ 483,062$ -$ 522,483

October 31, 2011          
(in thousands) Level 1 Level 2Level 3 Other Assets Not Held at Fair Value  Total
Cash equivalents$ 6,691$ 360,676$ -$ -$ 367,367
            
Investments:          
Corporate debt securities$ -$ 4,832$ -$ -$ 4,832
Consolidated funds:          
Debt securities  6,879  62,204  -  -  69,083
Equity securities  69,279  5,155  -  -  74,434
Separately managed          
accounts:          
Debt securities  4,429  6,878  -  -  11,307
Equity securities  33,511  42  -  -  33,553
Sponsored funds  36,128  3,713  -  -  39,841
CLO entity(1)  -  -  -  278  278
Investments in affiliates(2)  -  -  -  46,900  46,900
Other investments(3)  -  37  -  7,470  7,507
Total investments$ 150,226$ 82,861$ -$ 54,648$ 287,735
            

Other financial assets:          
Derivative financial assets$ -$ 1,060$ -$ -$ 1,060
Assets of consolidated CLO           
entity:          
 Cash equivalents  15,829  -  -  -  15,829
 Bank loans and other          
  investments  85  456,591  5,910  -  462,586
Total other financial assets$ 15,914$ 457,651$ 5,910$ -$ 479,475
            
Financial liabilities:          
Derivative financial liabilities$ -$ 6,654$ -$ -$ 6,654
Securities sold, not yet purchased -  6,270  -  -  6,270
Liabilities of consolidated CLO         
entity:          
Senior and subordinated          
note obligations -  -  477,699  -  477,699
Total financial liabilities$ -$ 12,924$ 477,699$ -$ 490,623
Summary of the changes in Level 3 assets and liabilities measured at fair value on a recurring basis .
    Three Months Ended  Three Months Ended
    April 30, 2012  April 30, 2011
(in thousands) Bank loans and other investments of consolidated CLO entity  Senior and subordinated note obligations of consolidated CLO entity  Bank loans and other investments of consolidated CLO entity  Senior and subordinated note obligations of consolidated CLO entity
              
Beginning balance$ 4,728 $ 480,345 $ 4,379 $ 456,963
Net gains (losses) on investments and            
 note obligations included in net           
 income(1)  (9)   5,301   395   22,314
Transfers into Level 3  15   -   -   -
Transfers out of Level 3  (2,584)   (2,584)   -   -
Net transfers in and/or out of Level 3  -   -  (604)   -
Ending balance$ 2,150 $ 483,062 $ 4,170 $ 479,277
Change in unrealized (losses) gains          
 included in net income relating to            
 assets and liabilities held$ (9) $ 5,301 $ 395 $ 22,314
              
    Six Months Ended  Six Months Ended
    April 30, 2012  April 30, 2011
(in thousands) Bank loans and other investments of consolidated CLO entity  Senior and subordinated note obligations of consolidated CLO entity  Bank loans and other investments of consolidated CLO entity  Senior and subordinated note obligations of consolidated CLO entity
              
Beginning balance$ 5,910 $ 477,699 $ - $ -
Adjustment for adoption of new            
 consolidation guidance  -   -   5,265   444,087
Net gains (losses) on investments and            
 note obligations included in net           
 income(1)  (49)   7,947   825   35,190
Purchases, sales and settlements, net 0   -  (1,316)   -
Transfers into Level 3  15   -   -   -
Transfers out of Level 3  (3,726)   (2,584)   -   -
Net transfers in and/or out of Level 3  -   -  (604)   -
Ending balance$ 2,150 $ 483,062 $ 4,170 $ 479,277
Change in unrealized (losses) gains          
 included in net income relating to            
 assets and liabilities held$ (49) $ 7,947 $ 825 $ 35,190
              
(1) Substantially all net gains and losses on investments and note obligations attributable to the assets and borrowings of the Company's
  consolidated CLO entity are allocated to non-controlling and other beneficial interests on the Company's Consolidated Statements of Income.
Summary of quantitative information about Level 3 fair value measurements
   Fair Value at  Valuation  Unobservable  
 ($ in thousands) April 30, 2012 Technique Inputs* Range
          
 Liabilities of consolidated CLO entity:        
 Senior and subordinated     Default rate 200 bps
  note obligations$ 483,062 Income approach Discount Rate 140-950 bps
          
* Discount rate refers to spread over Libor. Lower spreads relate to the more senior tranches in the CLO note
 structure; higher spreads relate to the less senior tranches. The default rate refers to the constant annual default rate.