NEW YORK, March 9, 2023 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy") announced that its affiliate, Galaxy Asset Management, ("GAM"), reported preliminary assets under management of $1,911.0 million as of February 28, 2023. The 0.9% increase in preliminary AUM compared to prior month was driven by market appreciation and net inflows.
Assets Under Management ("AUM")(a)(c) (In millions)
All figures are unaudited. AUM is inclusive of sub-advised funds, committed capital closed-end vehicles, seed investments by affiliates, and fund of fund products. Changes in AUM are generally the result of performance, contributions, withdrawals, and acquisitions.
Preliminary AUM associated with GVH Multi-Strategy FOF LP and GVH Market Neutral FOF LP is based on management's most recent estimate.
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.
Additional information regarding GAM can be found on our website at https://www.galaxy.com/asset-management.
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.
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.
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