XML 109 R90.htm IDEA: XBRL DOCUMENT v3.3.1.900
Investments in Affiliates - Investment Fund Affiliates (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]      
Carrying value of equity method investments, investment fund affiliates $ 1,708,899 $ 1,637,620  
Equity in net income (loss) in operating affiliates 118,060 203,034 $ 258,195
Investment fund affiliates      
Schedule of Equity Method Investments [Line Items]      
Carrying value of equity method investments, investment fund affiliates 1,386,837 1,219,138  
Equity in net income (loss) in operating affiliates $ 73,320 $ 95,816  
Ownership percentage remaining 5.80% 6.40%  
Combined funds/ estimated total net assets [1] $ 24,101,796 $ 19,177,932  
Investment fund affiliates | Hedge funds      
Schedule of Equity Method Investments [Line Items]      
Carrying value of equity method investments, investment fund affiliates 1,084,198 1,023,160  
Equity in net income (loss) in operating affiliates $ 42,668 $ 67,037  
Ownership percentage remaining 5.20% 5.70%  
Combined funds/ estimated total net assets [1] $ 20,906,592 $ 18,072,156  
Investment fund affiliates | Arbitrage      
Schedule of Equity Method Investments [Line Items]      
Carrying value of equity method investments, investment fund affiliates 190,016 134,400  
Equity in net income (loss) in operating affiliates $ 612 $ 12,060  
Ownership percentage remaining 8.60% 11.00%  
Combined funds/ estimated total net assets [1] $ 2,202,112 $ 1,224,526  
Investment fund affiliates | Directional      
Schedule of Equity Method Investments [Line Items]      
Carrying value of equity method investments, investment fund affiliates 551,262 536,470  
Equity in net income (loss) in operating affiliates $ 31,012 $ 32,196  
Ownership percentage remaining 7.20% 9.20%  
Combined funds/ estimated total net assets [1] $ 7,643,134 $ 5,865,247  
Investment fund affiliates | Event driven      
Schedule of Equity Method Investments [Line Items]      
Carrying value of equity method investments, investment fund affiliates [2] 285,823 300,168  
Equity in net income (loss) in operating affiliates [2] $ 5,592 $ 21,030  
Ownership percentage remaining [2] 3.00% 3.10%  
Combined funds/ estimated total net assets [1],[2] $ 9,460,387 $ 9,703,973  
Investment fund affiliates | Multi-style      
Schedule of Equity Method Investments [Line Items]      
Carrying value of equity method investments, investment fund affiliates 57,097 52,122  
Equity in net income (loss) in operating affiliates $ 5,452 $ 1,751  
Ownership percentage remaining 3.60% 4.10%  
Combined funds/ estimated total net assets [1] $ 1,600,959 $ 1,278,410  
Investment fund affiliates | Private investment funds      
Schedule of Equity Method Investments [Line Items]      
Carrying value of equity method investments, investment fund affiliates 302,639 195,978  
Equity in net income (loss) in operating affiliates $ 30,652 $ 28,779  
Ownership percentage remaining 9.50% 17.70%  
Combined funds/ estimated total net assets [1] $ 3,195,204 $ 1,105,776  
[1] Total estimated net assets are generally as at November 30 for hedge fund affiliates and September 30 for private investment fund affiliates.
[2] The Company accounts for its investment in certain funds where the ownership percentage is less than three percent using the equity method, where the Company has significant influence over the related investment management company.