NEW YORK, Jan. 21, 2025 /CNW/ – Galaxy Digital Holdings Ltd. (TSX: GLXY) (“Galaxy”) introduced that its affiliate, Galaxy Asset Administration, (“GAM”), reported preliminary belongings beneath administration of $5.7 billion as of December 31, 2024. The 6.5% lower in preliminary AUM in comparison with the prior month was primarily pushed by market depreciation and internet outflows from GAM’s Passive Funds.
Word – we shall be discontinuing the discharge of our AUM on a month-to-month cadence. AUM figures will proceed to be revealed quarterly as a part of Galaxy’s earnings releases.
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Property Beneath Administration (“AUM”)(a)(b) (in thousands and thousands) |
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9/30/23 |
12/31/23 |
3/31/24 |
6/30/24 |
9/30/24 |
11/30/24 |
12/31/24 |
|
|
Funds(c) |
$2,305 |
$3,098 |
$4,378 |
$3,983 |
$4,207 |
$5,577 |
$5,178 |
|
Opportunistic(d) |
$1,612 |
$2,078 |
$3,440 |
$520 |
$429 |
$510 |
$511 |
|
Whole |
$3,917 |
$5,176 |
$7,818 |
$4,503 |
$4,636 |
$6,087 |
$5,689 |
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(a) |
All figures are unaudited. AUM is inclusive of sub-advised funds, dedicated capital closed-end autos, seed investments by associates, affiliated and unaffiliated individually managed accounts, and fund of fund merchandise. Adjustments in AUM are usually the results of efficiency, contributions, withdrawals, new mandates, and acquisitions. |
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(b) |
AUM for dedicated capital closed-end autos which have accomplished their funding interval is reported as NAV plus unfunded dedication. AUM for quarterly shut autos is reported as of the newest quarter accessible for the relevant interval. AUM for affiliated individually managed accounts is reported as NAV as of probably the most lately accessible estimate for the relevant interval. |
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(c) |
“Funds” line merchandise consists of AUM held in GAM’s Passive, Lively, and Enterprise funds. |
|
(d) |
“Opportunistic” AUM are near-term or mid-term engagements to unwind portfolios managed by GAM. |
Extra data concerning GAM will be discovered on our web site at https://www.galaxy.com/asset-management.
About Galaxy Galaxy (TSX: GLXY) is a digital asset and blockchain chief offering entry to the rising digital economic system. We serve a diversified consumer base, together with establishments, startups, and certified people. Since 2018, Galaxy is constructing a holistic monetary platform spanning three complementary working companies: World Markets, Asset Administration, and Digital Infrastructure Options. Our choices embody, amongst others, buying and selling, lending, strategic advisory providers, institutional-grade funding options, proprietary bitcoin mining and internet hosting providers, community validator providers, and the event of enterprise custodial expertise. The corporate is headquartered in New York Metropolis, with international places of work throughout North America, Europe, and Asia.
Extra details about Galaxy’s companies and merchandise is on the market on www.galaxy.com
Disclaimers
GAM is an affiliate of Galaxy Digital Holdings Ltd., an organization listed on the Toronto Inventory Alternate (“TSX”). The TSX has not accepted or disapproved of the data contained herein.
SOURCE Galaxy Digital Holdings Ltd.
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