Fair Value Disclosures - Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands |
May 31, 2022 |
Nov. 30, 2021 |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
| Alternative investment |
$ 1,305,000
|
$ 1,012,322
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
18,645,875
|
18,323,915
|
| Counterparty and Cash Collateral Netting |
(2,728,416)
|
(3,304,566)
|
| Securities received as collateral |
1,322
|
7,289
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
13,614,475
|
11,690,795
|
| Counterparty and Cash Collateral Netting |
(2,884,536)
|
(3,701,010)
|
| Other secured financings |
2,362
|
102,788
|
| Obligation to return securities received as collateral |
1,322
|
7,289
|
| Long-term debt |
1,617,020
|
1,843,598
|
| Corporate equity securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
4,025,800
|
2,843,016
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
1,838,161
|
1,695,985
|
| Corporate debt securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
3,252,267
|
3,848,106
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
2,309,216
|
2,112,259
|
| Collateralized debt obligations and collateralized loan obligations |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
373,485
|
611,462
|
| U.S. government and federal agency securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
2,582,240
|
3,114,079
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
3,471,943
|
2,457,420
|
| Municipal securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
630,483
|
509,559
|
| Sovereign obligations |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
2,062,466
|
1,553,285
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
2,273,876
|
1,528,841
|
| Residential mortgage-backed securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
1,592,879
|
1,169,723
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
1,010
|
719
|
| Commercial mortgage-backed securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
345,614
|
198,752
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
385
|
210
|
| Other asset-backed securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
287,287
|
430,546
|
| Loans and other receivables |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
2,962,624
|
3,437,635
|
| Derivative assets |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
408,100
|
568,959
|
| Investments at fair value |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
122,630
|
38,793
|
| Loans |
|
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
2,484,257
|
2,491,857
|
| Derivative liabilities |
|
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
1,235,627
|
1,403,504
|
| Fair value based on net asset value |
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
| Alternative investment |
1,310,000
|
1,010,000
|
| Level 1 |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
7,347,396
|
6,516,500
|
| Securities received as collateral |
1,322
|
7,289
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
6,647,808
|
5,066,732
|
| Other secured financings |
0
|
0
|
| Obligation to return securities received as collateral |
1,322
|
7,289
|
| Long-term debt |
0
|
0
|
| Level 1 | Corporate equity securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
3,726,638
|
2,567,690
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
1,801,924
|
1,671,696
|
| Level 1 | Corporate debt securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
0
|
0
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
0
|
0
|
| Level 1 | Collateralized debt obligations and collateralized loan obligations |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
0
|
0
|
| Level 1 | U.S. government and federal agency securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
2,549,972
|
3,045,295
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
3,471,943
|
2,457,420
|
| Level 1 | Municipal securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
0
|
0
|
| Level 1 | Sovereign obligations |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
1,061,291
|
899,086
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
1,371,769
|
935,801
|
| Level 1 | Residential mortgage-backed securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
0
|
0
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
0
|
0
|
| Level 1 | Commercial mortgage-backed securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
0
|
0
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
0
|
0
|
| Level 1 | Other asset-backed securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
0
|
0
|
| Level 1 | Loans and other receivables |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
0
|
0
|
| Level 1 | Derivative assets |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
9,495
|
4,429
|
| Level 1 | Investments at fair value |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
0
|
0
|
| Level 1 | Loans |
|
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
0
|
0
|
| Level 1 | Derivative liabilities |
|
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
2,172
|
1,815
|
| Level 2 |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
13,386,059
|
14,775,428
|
| Securities received as collateral |
0
|
0
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
9,726,469
|
10,225,959
|
| Other secured financings |
0
|
76,883
|
| Obligation to return securities received as collateral |
0
|
0
|
| Long-term debt |
877,667
|
961,866
|
| Level 2 | Corporate equity securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
99,694
|
199,244
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
32,488
|
19,654
|
| Level 2 | Corporate debt securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
3,231,454
|
3,836,303
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
2,308,815
|
2,111,777
|
| Level 2 | Collateralized debt obligations and collateralized loan obligations |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
323,627
|
579,518
|
| Level 2 | U.S. government and federal agency securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
32,268
|
68,784
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
0
|
0
|
| Level 2 | Municipal securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
630,483
|
509,559
|
| Level 2 | Sovereign obligations |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
1,001,175
|
654,199
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
902,107
|
593,040
|
| Level 2 | Residential mortgage-backed securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
1,591,820
|
1,168,246
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
1,010
|
719
|
| Level 2 | Commercial mortgage-backed securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
343,744
|
196,419
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
0
|
0
|
| Level 2 | Other asset-backed securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
202,509
|
337,022
|
| Level 2 | Loans and other receivables |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
2,824,872
|
3,363,050
|
| Level 2 | Derivative assets |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
3,100,102
|
3,858,848
|
| Level 2 | Investments at fair value |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
4,311
|
4,236
|
| Level 2 | Loans |
|
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
2,465,974
|
2,476,087
|
| Level 2 | Derivative liabilities |
|
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
4,016,075
|
5,024,682
|
| Level 3 |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
640,836
|
336,553
|
| Securities received as collateral |
0
|
0
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
124,734
|
99,114
|
| Other secured financings |
2,362
|
25,905
|
| Obligation to return securities received as collateral |
0
|
0
|
| Long-term debt |
739,353
|
881,732
|
| Level 3 | Corporate equity securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
199,468
|
76,082
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
3,749
|
4,635
|
| Level 3 | Corporate debt securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
20,813
|
11,803
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
401
|
482
|
| Level 3 | Collateralized debt obligations and collateralized loan obligations |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
49,858
|
31,944
|
| Level 3 | U.S. government and federal agency securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
0
|
0
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
0
|
0
|
| Level 3 | Municipal securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
0
|
0
|
| Level 3 | Sovereign obligations |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
0
|
0
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
0
|
0
|
| Level 3 | Residential mortgage-backed securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
1,059
|
1,477
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
0
|
0
|
| Level 3 | Commercial mortgage-backed securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
1,870
|
2,333
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
385
|
210
|
| Level 3 | Other asset-backed securities |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
84,778
|
93,524
|
| Level 3 | Loans and other receivables |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
137,752
|
74,585
|
| Level 3 | Derivative assets |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
26,919
|
10,248
|
| Level 3 | Investments at fair value |
|
|
| Financial instruments owned: |
|
|
| Total financial instruments owned, excluding Investments at fair value based on NAV |
118,319
|
34,557
|
| Level 3 | Loans |
|
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
18,283
|
15,770
|
| Level 3 | Derivative liabilities |
|
|
| Financial instruments sold, not yet purchased: |
|
|
| Total financial instruments sold, not yet purchased |
$ 101,916
|
$ 78,017
|