Investments (Tables)

3 Months Ended

Mar. 31, 2015

Investments Schedule [Abstract]

Summary of Investments

The Company’s investments, excluding the assets of consolidated sponsored investment products discussed in Note 12, at March 31, 2015 and December 31, 2014 were as follows:

	March 31, 2015		December 31, 2014
($ in thousands)
Marketable securities	$	43,703	$	50,251
Equity method investments		7,199		7,209
Nonqualified retirement plan assets		5,168		5,063
Other investments		925		925
Total investments	$	56,995	$	63,448

Schedule of Marketable Securities

The Company’s marketable securities consist of both trading (including securities held by a broker-dealer affiliate) and available-for-sale securities. The composition of the Company’s marketable securities is summarized as follows:

March 31, 2015

	Cost		Unrealized Loss			Unrealized Gain		Fair Value
($ in thousands)
Trading:
Sponsored funds	$	31,365	$	(844	)	$	690	$	31,211
Equity securities		9,064		—			179		9,243
Available-for-sale:
Sponsored closed-end funds		3,173		(161	)		237		3,249
Total marketable securities	$	43,602	$	(1,005	)	$	1,106	$	43,703

December 31, 2014

	Cost		Unrealized Loss			Unrealized Gain		Fair Value
($ in thousands)
Trading:
Sponsored funds	$	39,079	$	(1,190	)	$	423	$	38,312
Equity securities		8,421		—			319		8,740
Available-for-sale:
Sponsored closed-end funds		3,129		(163	)		233		3,199
Total marketable securities	$	50,629	$	(1,353	)	$	975	$	50,251