Note 10 - Noncontrolling Interests |
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Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Noncontrolling Interest Disclosure [Text Block] |
Note 10 — Noncontrolling Interests
Redeemable Noncontrolling Interests
Redeemable noncontrolling interests as of March 31, 2025, and December 31, 2024, consisted of the following (in millions):
Consolidated Seeded Investment Products
Noncontrolling interests in consolidated seeded investment products are classified as redeemable noncontrolling interests when there is an obligation to repurchase units at the investor’s request.
Redeemable noncontrolling interests in consolidated seeded investment products may fluctuate from period to period and are impacted by changes in our relative ownership, changes in the amount of third-party investment in seeded products and volatility in the market value of the seeded products’ underlying securities. Third-party redemption of investments in any particular seeded product is redeemed from the respective product’s net assets and cannot be redeemed from the net assets of our other seeded products or from our other net assets.
The following table presents the movement in redeemable noncontrolling interests in consolidated seeded investment products for the three months ended March 31, 2025 and 2024 (in millions):
Nonredeemable Noncontrolling Interests
Nonredeemable noncontrolling interests as of March 31, 2025, and December 31, 2024, consisted of the following (in millions):
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