Company: CNS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001284812-25-000156
Chunk: 45

Company: COHEN & STEERS, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 45
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 partnership interests$39,451 Discounted cash flow Discount rate Terminal capitalization rate7.00% - 11.75%5.25% - 10.00%9.40%7.91%Fair Value as of December 31, 2024(in thousands)Valuation TechniqueUnobservable InputsRangeWeighted AverageLimited partnership interests$32,552 Discounted cash flowDiscount rate Terminal capitalization rate7.00% - 10.50%5.25% - 8.75%8.82%7.39%Changes in the significant unobservable inputs in the above tables may result in a materially higher or lower fair value measurement.

6. Derivatives

The following tables summarize the notional amount and fair value of outstanding derivative financial instruments:As of March 31, 2025Fair Value (1)(in thousands)Notional AmountAssetsLiabilitiesCorporate derivatives:Total return swaps$83,514 $209 $1,455 Forward contracts - foreign exchange14,092 186 181 Total corporate derivatives97,606 395 1,636 Derivatives held by consolidated funds:Forward contracts - foreign exchange9,428 9 — Total$107,034 $404 $1,636 As of December 31, 2024Fair Value (1)(in thousands)Notional AmountAssetsLiabilitiesCorporate derivatives:Total return swaps$45,237 $1,570 $252 Forward contracts - foreign exchange8,622 484 — Total corporate derivatives$53,859 $2,054 $252 

12

COHEN & STEERS, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(UNAUDITED)

________________________(1)The fair value of corporate derivative financial instruments is recorded in other assets and other liabilities and accrued expenses on the Company's condensed consolidated statements of financial condition. The fair value of derivative financial instruments held by consolidated funds is recorded in investments on the Company's condensed consolidated statements of financial condition.The Company's corporate derivatives included:•Total return swaps that are utilized to economically hedge a portion of the market risk of certain seed investments and are included in certain portfolios the Company maintains for the purpose of establishing a performance track record; and •Forward foreign exchange contracts that are utilized to economically hedge currency exposure arising from certain non-U.S. dollar investment advisory fees. Derivatives held