Fri Jun 11, 2021 4:00pm EST
By Galaxy Digital Holdings Ltd.
NEW YORK, June 11, 2021 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy Digital") announced that its affiliate, Galaxy Digital Asset Management ("GDAM") reported preliminary assets under management of $1,347.2 million as of May 31, 2021. Assets Under Management ("AUM")(a) (In millions) 5/31/21 (c) 4/30/21 (b) 3/31/21 2/28/21 1/31/21 12/31/20 11/30/20 10/31/20 9/30/20 8/31/20 7/31/20 6/30/20 5/31/20 Total $1,347.2 $1,615.8 $1,275.0 $1,051.9 $834.7 $807.3 $572.7 $446.3 $407.4 $404.9 $390.5 $375.3 $375.5 (a) All figures through 12/31/20 are audited; and all other figures are unaudited. AUM is inclusive of sub-advised funds, committed capital closed-end vehicles, seed investments by affiliates, and fund of fund products associated with the Vision Hill acquisition. Changes in AUM are generally the result of performance, contributions, withdrawals, and acquisitions. (b) Preliminary (c) Preliminary, AUM associated with Galaxy Vision Hill fund of funds is as of February 28, 2021. Additional information regarding GDAM funds can be found on our website at https://www.galaxydigital.io/services/asset-management. About Galaxy Digital Asset Management Galaxy Digital Asset Management 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 two distinct business lines: Galaxy Fund Management and Galaxy Interactive. GDAM's multi-disciplinary team has deep experience across active and passive portfolio management, capital markets, operations, and blockchain technology. GDAM is a subsidiary of Galaxy Digital, 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. About Galaxy Digital Galaxy Digital (TSX:GLXY) is a diversified financial services and investment management company in the digital asset, cryptocurrency, and blockchain technology sectors. Galaxy Digital's team has extensive experience spanning investing, portfolio management, capital markets, venture capital, asset management, and blockchain technology. Galaxy Digital operates in the following businesses: Trading, Asset Management, Principal Investments, Investment Banking, and Mining. Galaxy Digital's CEO and Founder is Mike Novogratz. The Company is headquartered in New York City, with offices in Chicago, San Francisco, London, Amsterdam, Tokyo, Hong Kong, the Cayman Islands (registered office), and New Jersey. Additional information about the Company's businesses and products is available on www.galaxydigital.io. Disclaimers GDAM 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. All figures are in U.S. Dollars unless otherwise noted. SOURCE Galaxy Digital Holdings Ltd.