DERIVATIVES AND HEDGING - Schedule of Fair Value of Derivatives Held by Consolidated Funds (Details) - Consolidated Funds - Not Designated as Hedging Instrument - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Assets | ||
| Notional | $ 1,244,855 | $ 1,348,731 |
| Fair Value | 21,202 | 9,070 |
| Liabilities | ||
| Notional | (200,509) | (238,360) |
| Fair Value | (41,030) | (48,893) |
| Foreign-currency forward contracts | ||
| Assets | ||
| Notional | 920,064 | 1,066,772 |
| Fair Value | 19,190 | 7,800 |
| Liabilities | ||
| Notional | (115,544) | (216,189) |
| Fair Value | (39,176) | (47,032) |
| Total-return and interest-rate and credit default swaps | ||
| Assets | ||
| Notional | 184,975 | 219,693 |
| Fair Value | 1,988 | 1,270 |
| Liabilities | ||
| Notional | (74,819) | (5,584) |
| Fair Value | (1,548) | 0 |
| Options and futures | ||
| Assets | ||
| Notional | 139,816 | 62,266 |
| Fair Value | 24 | 0 |
| Liabilities | ||
| Notional | (10,146) | (16,587) |
| Fair Value | $ (306) | $ (1,861) |
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- References No definition available.
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- Definition Nominal or face amount used to calculate payments on the derivative asset. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Nominal or face amount used to calculate payments on the derivative liability. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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