Key Takeaways
- • Galaxy Asset Management reported preliminary AUM of $5.7 billion as of December 31, 2024, representing a 6.5% month-over-month decrease driven by market depreciation and net outflows from Passive Funds.
- • Total GAM AUM declined from $6.1 billion in November 2024 to $5.7 billion in December 2024, with Funds AUM dropping to $5.2 billion and Opportunistic AUM holding steady at $511 million.
- • Galaxy Digital will discontinue monthly AUM reporting and shift to quarterly disclosure via earnings releases, effective immediately.
- • Year-to-date performance shows significant volatility: GAM AUM peaked at $7.8 billion as of March 31, 2024, before declining to current levels amid market and redemption pressures.
Summary
Galaxy Asset Management, the asset management affiliate of Galaxy Digital Holdings Ltd. (TSX: GLXY), disclosed preliminary assets under management of $5.7 billion as of December 31, 2024. The month-over-month decline of 6.5% from November's $6.1 billion was primarily attributable to market depreciation affecting valuations and net outflows specifically from GAM's Passive Funds segment, which dropped from $5.6 billion to $5.2 billion.
The December figures reflect continued volatility in GAM's AUM trajectory throughout 2024. From a peak of $7.8 billion as of March 31, 2024, total AUM has experienced periodic compression, with interim lows near $4.5 billion in mid-year before recovering to current levels. The Opportunistic investment segment remained relatively stable at $511 million, consistent with November's $510 million level, while the broader Funds category—encompassing Passive, Active, and Venture strategies—absorbed most of the period's outflows.
Galaxy announced a strategic shift in reporting cadence, discontinuing monthly AUM disclosures in favor of quarterly publication through earnings releases. This change reflects an industry-wide trend toward less frequent public reporting on asset bases, potentially reducing transparency on near-term flows while maintaining institutional visibility through formal financial filings. The move follows a period of significant asset management activity, during which GAM managed capital flows across multiple strategy types and geographic mandates.
The December figures reflect continued volatility in GAM's AUM trajectory throughout 2024. From a peak of $7.8 billion as of March 31, 2024, total AUM has experienced periodic compression, with interim lows near $4.5 billion in mid-year before recovering to current levels. The Opportunistic investment segment remained relatively stable at $511 million, consistent with November's $510 million level, while the broader Funds category—encompassing Passive, Active, and Venture strategies—absorbed most of the period's outflows.
Galaxy announced a strategic shift in reporting cadence, discontinuing monthly AUM disclosures in favor of quarterly publication through earnings releases. This change reflects an industry-wide trend toward less frequent public reporting on asset bases, potentially reducing transparency on near-term flows while maintaining institutional visibility through formal financial filings. The move follows a period of significant asset management activity, during which GAM managed capital flows across multiple strategy types and geographic mandates.
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