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Company News Summary

Blue Sky Alternative Investments Provides Market Update

16 Apr 2018  |  10:11:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Market Update

Blue Sky Alternative Investments announced that the Board of Directors will commission an independent review with the objective of enhancing its disclosures around financial reporting, including valuations. It also advises that recent negative market sentiment is likely to constrain the company's ability to make new investments in the short term and as a result the Board expects its ability to generate fees to be adversely affected for the remainder of FY 2018. The Board has therefore revised fee-earning AUM guidance for FY 2018 from $4.25-$4.75bn to $4.0-$4.25bn and underlying NPAT guidance for FY 2018 from $34-$36m to $20-$25m.

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