Galaxy Asset Management: July 2023 Month End AUM

August 11, 2023

NEW YORK, Aug. 11, 2023 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy") announced that its affiliate, Galaxy Asset Management, ("GAM"), reported preliminary assets under management of $2,434 million as of July 31, 2023. The 2.2% decrease in preliminary AUM compared to the prior month was driven by net outflows and market depreciation.


Assets Under Management ("AUM")(a)(c)(In millions)


7/31/23
(b)

6/30/23
(b)

5/31/23

4/30/23

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

Total

$2,434

$2,489

$2,414

$2,464

$2,437

$1,915

$1,899

$1,711

$1,906

$2,041

$1,962

$2,064

$2,095

 

(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.