NEW
YORK, June 13, 2023 /CNW/ - Galaxy Digital
Holdings Ltd. (TSX: GLXY) ("Galaxy") announced that its
affiliate, Galaxy Asset Management, ("GAM"), reported preliminary
assets under management of $2,415
million as of May 31, 2023.
The 2.0% decrease in preliminary AUM compared to the prior month
was primarily driven by market depreciation.
|
Assets Under
Management ("AUM")(a)(c) (In
millions)
|
|
5/31/23
(b)
|
4/30/23
(b)
|
3/31/23
|
2/28/23
|
1/31/23
|
12/31/22
|
11/30/22
|
10/31/22
|
9/30/22
|
8/31/22
|
7/31/22
|
6/30/22
|
5/31/22
|
Total
|
$2,415
|
$2,464
|
$2,437
|
$1,915
|
$1,899
|
$1,711
|
$1,906
|
$2,041
|
$1,962
|
$2,064
|
$2,095
|
$1,695
|
$2,013
|
(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 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 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.