NEW
YORK, Sept. 19, 2024 /CNW/ - Galaxy Digital
Holdings Ltd. (TSX: GLXY) ("Galaxy") announced that its
affiliate, Galaxy Asset Management, ("GAM"), reported preliminary
assets under management of $4.3
billion as of August 31, 2024.
The 8.8% decrease in preliminary AUM compared to the prior month
was primarily driven by market depreciation partially offset by net
inflows into GAM's funds and an ongoing opportunistic mandate.
|
Assets Under
Management ("AUM")(a)(b) (in
millions)
|
|
6/30/23
|
9/30/23
|
12/31/23
|
3/31/24
|
6/30/24
|
7/31/24
|
8/31/24
|
|
Funds(c)
|
$2,489
|
$2,305
|
$3,098
|
$4,378
|
$3,983
|
$4,218
|
$3,853
|
|
Opportunistic(d)
|
-
|
$1,612
|
$2,078
|
$3,440
|
$520
|
$500
|
$447
|
|
Total
|
$2,489
|
$3,917
|
$5,176
|
$7,818
|
$4,503
|
$4,718
|
$4,300
|
|
(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.