NEW
YORK, April 14, 2023 /CNW/ - Galaxy Digital
Holdings Ltd. (TSX: GLXY) ("Galaxy") announced that its
affiliate, Galaxy Asset Management, ("GAM"), reported preliminary
assets under management of $2,392.2
million as of March 31, 2023.
The 24.9% increase in preliminary AUM compared to prior month was
primarily driven by market appreciation and the assumption by GAM
of investment management responsibilities over certain affiliated
separately managed accounts in connection with the previously
announced migration of certain Galaxy balance sheet venture
investments into GAM.
|
Assets Under
Management ("AUM")(a)(c) (In
millions)
|
|
3/31/23
(b)
|
2/28/23
(b)
|
1/31/23
(b)
|
12/31/22
(b)
|
11/30/22
|
10/31/22
|
9/30/22
|
8/31/22
|
7/31/22
|
6/30/22
|
5/31/22
|
4/30/22
|
3/31/22
|
Total
|
$2,392.2
|
$1,915.1
|
$1,898.9
|
$1,711.4
|
$1,906.3
|
$2,041.3
|
$1,961.7
|
$2,063.6
|
$2,095.3
|
$1,695.3
|
$2,013.0
|
$2,456.0
|
$2,722.3
|
(a)
|
All figures are
unaudited. AUM is inclusive of sub-advised funds, committed
capital closed-end vehicles, seed investments by affiliates,
affiliated separately managed accounts, and fund of fund
products. Changes in AUM are generally the result of
performance, contributions, withdrawals, and
acquisitions.
|
(b)
|
Preliminary AUM
associated with GVH Multi-Strategy FOF LP and GVH Market Neutral
FOF LP is based on management's most recent
estimate.
|
(c)
|
AUM for committed
capital closed-end vehicles that have completed their investment
period is reported as NAV. 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.
|
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 institutions, startups, and
qualified individuals access to the crypto economy.
Our full suite of financial services is custom-made for a digitally
native ecosystem, spanning multiple synergistic business lines:
Trading, Asset Management, Investment Banking, Mining, and
Ventures. Galaxy's CEO and Founder Michael
Novogratz leads a team of crypto enthusiasts
and institutional veterans working together on a mission to
engineer a new economic paradigm. 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.