NEW
YORK, June 20, 2024 /CNW/ - Galaxy Digital
Holdings Ltd. (TSX: GLXY) ("Galaxy") announced that its
affiliate, Galaxy Asset Management, ("GAM"), reported preliminary
assets under management of $6.2
billion as of May 31, 2024.
The 9.8% increase in preliminary AUM compared to the prior month
was primarily driven by market appreciation partially offset by the
continued successful liquidation of assets associated with an
ongoing opportunistic mandate.
|
|
Assets Under
Management ("AUM")(a)(b) (in
millions)
|
|
3/31/23
|
6/30/23
|
9/30/23
|
12/31/23
|
3/31/24
|
4/30/24
|
5/31/24
|
|
Funds(c)
|
$2,437
|
$2,489
|
$2,305
|
$3,098
|
$4,374
|
$3,810
|
$4,347
|
|
Opportunistic(d)
|
-
|
-
|
$1,612
|
$2,078
|
$3,440
|
$1,875
|
$1,897
|
|
Total
|
$2,437
|
$2,489
|
$3,917
|
$5,176
|
$7,814
|
$5,685
|
$6,244
|
|
(a)
|
All figures are
unaudited. AUM is inclusive of sub-advised funds, committed
capital closed-end vehicles, seed investments by affiliates,
affiliated and unaffiliated separately managed accounts, and fund
of fund products. Changes in AUM are generally the result of
performance, contributions, withdrawals, new mandates, and
acquisitions.
|
|
(b)
|
AUM for committed
capital closed-end vehicles that have completed their investment
period is reported as NAV plus unfunded commitment. AUM for
quarterly close vehicles is reported as of the most recent quarter
available for the applicable period. AUM for affiliated separately
managed accounts is reported as NAV as of the most recently
available estimate for the applicable period.
|
|
(c)
|
"Funds" line item
consists of AUM held in GAM's Passive, Active, and Venture
funds.
|
|
(d)
|
"Opportunistic" AUM
are near-term or mid-term engagements to unwind portfolios managed
by GAM.
|
Additional information regarding GAM can be found on our website
at https://www.galaxy.com/asset-management.
About Galaxy
Galaxy (TSX: GLXY) is a digital asset and blockchain leader
providing access to the growing digital economy. We serve a
diversified client base, including institutions, startups, and
qualified individuals. Since 2018, Galaxy is building a holistic
financial platform spanning three complementary operating
businesses: Global Markets, Asset Management, and Digital
Infrastructure Solutions. Our offerings include, amongst others,
trading, lending, strategic advisory services, institutional-grade
investment solutions, proprietary bitcoin mining and
hosting services, network validator services, and the development
of enterprise custodial technology. The company is headquartered in
New York City, with global offices
across North America, Europe, and Asia.
Additional information about Galaxy's businesses and products is
available on www.galaxy.com
Disclaimers
GAM is an affiliate of Galaxy Digital Holdings
Ltd., a company listed on the Toronto Stock Exchange ("TSX").
The TSX has not approved or disapproved of the information
contained herein.
SOURCE Galaxy Digital Holdings Ltd.