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Investments (Tables)
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12 Months Ended |
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Oct. 31, 2011
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| Investments Table [Abstract] |
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| Summary of investments |
| | (in thousands) | 2011 | | | 2010 | | | Corporate debt securities | $ | 4,832 | | | $ | 4,732 | | | Consolidated funds: | | | | | | | | | Debt securities | | 69,083 | | | | 111,585 | | | Equity securities | | 74,434 | | | | 88,184 | | | Separately managed accounts: | | | | | | | | | Debt securities | | 11,307 | | | | 3,666 | | | Equity securities | | 33,553 | | | | 28,692 | | | Sponsored funds | | 39,841 | | | | 37,541 | | | CLO entities | | 278 | | | | 1,391 | | | Investments in affiliates | | 46,900 | | | | 51,111 | | | Other investments | | 7,507 | | | | 7,507 | | | Total investments | $ | 287,735 | | | $ | 334,409 |
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| Summary of investments classified as trading securities |
| | | 2011 | | | | | | | | | (in thousands) | Cost | Fair Value | | | | Debt securities | $ | 83,852 | | $ | 85,222 | | | | Equity securities | | 105,230 | | | 107,987 | | | | Total investments | $ | 189,082 | | $ | 193,209 | | | | | | | | | | | | | 2010 | | | | | | | | | (in thousands) | Cost | Fair Value | | | | Debt securities | $ | 119,159 | | $ | 119,983 | | | | Equity securities | | 111,814 | | | 116,876 | | | | Total investments | $ | 230,973 | | $ | 236,859 |
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| Summary of investments classified as available-for-sale securities |
| | 2011 | | | | | Gross Unrealized | | | | | | (in thousands) | Cost | | Gains | | Losses | | Fair Value | | | Sponsored funds | $ | 34,368 | | $ | 5,518 | | $ | (45) | | $ | 39,841 |
| | 2010 | | | | | Gross Unrealized | | | | | | (in thousands) | Cost | | Gains | | Losses | | Fair Value | | | Sponsored funds | $ | 34,300 | | $ | 3,655 | | $ | (414) | | $ | 37,541 |
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| Summary of realized gains and losses upon disposition of sponsored funds classified as available-for-sale |
| | (in thousands) | 2011 | 2010 | 2009 | | | Gains | $ | 3,212 | $ | 3,108 | $ | 1,959 | | | Losses | | (2,626) | | (60) | | (397) | | | Net realized gains | $ | 586 | $ | 3,048 | $ | 1,562 |
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