All figures are in U.S. Dollars unless otherwise noted.
NEW YORK, Sept. 13, 2019 /CNW/ - Galaxy Digital Holdings
Ltd. (TSXV: GLXY; Frankfurt: 7LX) announced that its
affiliate, Galaxy Digital Capital Management LP ("GDCM") reported
preliminary assets under management of $336.8 million as of August 31, 2019 inclusive of committed capital in
a closed-end vehicle.
|
Assets Under
Management ("AUM")(a) (In
millions)
|
|
8/31/19
(b)
|
7/31/19
(b)
|
6/30/19
|
5/31/19
|
4/30/19
|
3/31/19
|
2/28/19
|
1/31/19
|
12/31/18
|
11/30/18
|
10/31/18
|
9/30/18
|
8/31/18
|
|
Total
|
$336.8
|
$389.6
|
$393.9
|
$421.6
|
$416.3
|
$417.9
|
$417.6
|
$416.5
|
$423.0
|
$422.8
|
$441.9
|
$447.8
|
$458.4
|
|
(a)
|
Figures through
12/31/2018 are audited; all other figures are unaudited. AUM
is inclusive of committed capital in a closed-end vehicle.
Changes in AUM are generally the result of performance,
contributions, withdrawals, and capital commitments funded from one
vehicle to another.
|
|
(b)
|
Preliminary
|
Please note that, as previously disclosed, in August 2019,
GDCM ceased operations of its third-party cash management strategy.
As the digital asset and cryptocurrency industry has continued to
mature, access to traditional cash management and banking services
have become more readily accessible. As a result, GDCM determined
it would discontinue efforts in marketing and managing this
strategy in favor of scaling its higher margin fund strategies. The
Cash Management Fund has been fully redeemed as of August 31,
2019 and is in the process of being liquidated.
Additional information regarding GDCM funds can be found on our
website at www.galaxydigital.io.
About Galaxy Digital Capital Management LP
Galaxy Digital Capital Management LP, an SEC-registered
investment adviser, is a diversified asset management firm
dedicated to the digital assets and blockchain technology
industry. The firm manages capital on behalf of external
clients in three distinct business lines: Index Fund Management,
Blockchain Ecosystem Funds, and Opportunistic Funds. Galaxy
Digital Capital Management's multi-disciplinary team has deep
experience across active and passive portfolio management, capital
markets, operations, and blockchain technology. The firm is a
subsidiary of Galaxy Digital Holdings, which was founded by
Michael Novogratz, a former
Principal and Chief Investment Officer of the Fortress Macro Funds,
and a former Partner at Goldman Sachs.
Disclaimers
GDCM is an affiliate of Galaxy Digital Holdings Ltd., a
company listed on the TSX Venture Exchange. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press
release.
SOURCE Galaxy Digital Holdings Ltd