NEW YORK, June 11, 2020 /CNW/ - Galaxy Digital Holdings
Ltd. (TSXV: GLXY) announced that its affiliate, Galaxy Digital
Capital Management LP ("GDCM") reported preliminary assets under
management of $375.5 million as of
May 31, 2020.
|
Assets Under
Management ("AUM")(a) (In
millions)
|
|
5/31/20
(b)
|
4/30/20
(b)
|
3/31/20
|
2/29/20
|
1/31/20
|
12/31/19
|
11/30/19
|
10/31/19
|
9/30/19
|
8/31/19
|
7/31/19
|
6/30/19
|
5/31/19
|
|
Total
|
$375.5
|
$370.0
|
$356.2
|
$367.5
|
$369.1
|
$357.2
|
$360.7
|
$337.0
|
$336.0
|
$336.8
|
$389.6
|
$393.9
|
$421.6
|
|
|
|
(a)
|
All figures
through 12/31/19 are audited; and all other figures are
unaudited. AUM is inclusive of committed capital in a
closed-end vehicle and seed investments by affiliates.
Changes in AUM are generally the result of performance,
contributions, withdrawals and, through July 2019, capital
commitments funded from one vehicle to another. As previously
disclosed, in August 2019, GDCM ceased operations of its
third-party cash management strategy.
|
|
(b)
|
Preliminary
|
Additional information regarding GDCM funds can be found on our
website at www.galaxydigital.io.
About Galaxy Digital Capital Management LP
Galaxy Digital Capital Management LP, an SEC-registered
investment adviser, 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 three distinct business lines: Index Fund Management,
Blockchain Ecosystem Funds, and Opportunistic Funds. Galaxy
Digital Capital Management's multi-disciplinary team has deep
experience across active and passive portfolio management, capital
markets, operations, and blockchain technology. The firm is a
subsidiary of Galaxy Digital Holdings, 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.
Disclaimers
GDCM is an affiliate of Galaxy Digital Holdings Ltd., a
company listed on the TSX Venture Exchange. Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press
release.
All figures are in U.S. Dollars unless otherwise
noted.
SOURCE Galaxy Digital Holdings Ltd