NEW YORK , Nov. 21, 2024 /CNW/ - Galaxy Digital Holdings Ltd . (TSX: GLXY) ("Galaxy") announced that its affiliate, Galaxy Asset Management, ("GAM"), reported preliminary assets under management of $4.
8 billion as of October 31, 2024 . The 4.0% increase in preliminary AUM compared to the prior month was primarily driven by market appreciation and net inflows into GAM's funds.
Assets Under Management ("AUM") (a)(b) (in millions) 9/30/23 12/31/23 3/31/24 6/30/24 9/30/24 10/31/24 Funds (c) $2,305 $3,098 $4,378 $3,983 $4,208 $4,418 Opportunistic (d) $1,612 $2,078 $3,440 $520 $429 $403 Total $3,917 $5,176 $7,818 $4,503 $4,637 $4,821 (a) All figures are unaudited. AUM is inclusive of sub-advised funds, committed capital closed-end vehicles, seed investments by affiliates, affiliated and unaffiliated separately managed accounts, and fund of fund products. Changes in AUM are generally the result of performance, contributions, withdrawals, new mandates, and acquisitions.
(b) AUM for committed capital closed-end vehicles that have completed their investment period is reported as NAV plus unfunded commitment. 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.
(c) "Funds" line item consists of AUM held in GAM's Passive, Active, and Venture funds. (d) "Opportunistic" AUM are near-term or mid-ter.