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Australian Financial Review – Retirement operator Aura Australia Management has paid more than $20 million for its first development site in Brisbane’s south-west suburb of Corinda, where a $130 million retirement village will be built Aura is half owned by listed asset manager Blue Sky Alternative Investments and founded by Tim Russell, who was formerly chief executive of Retire Australia, Australia’s largest independent retirement village operator before its sale.More
Blue Sky’s Elaine Stead nominated for Telstra award – The 2016 Telstra Queensland Business Women’s Awards finalists demonstrate the unique combination of skills required for professional excellence: the courage to take risks, sound financial management, strong leadership skills and of course, sophisticated business acumen allowing them to thrive.More
The listed Blue Sky Alternative Investments is taking a stake in another New York commercial property, with the aim of providing exposure to alternate asset classes for Australian investors. Cove Property Group, in which Blue Sky has a 38 per cent stake, is buying – with institutional equity backing – a building on Manhattan’s west side at a price of more than $400 million.More
Last night at the Australian Private Equity and Venture Capital Association (AVCAL) awards, Hatchtech’s $279 million commercial agreement with Indian-based Dr. Reddy’s Laboratories was applauded as the Best Early Stage transaction. The Melbourne-based specialty pharmaceutical company was Blue Sky Venture Capital’s first investment in its 2012 vintage fund, at a time when VC was virtually non-existent in Australia.More
Australian Financial Review – The Future Fund is shifting more of its $123 billion portfolio into private investments as ultra low interest rates reduce returns and raise risks in public equity and bond markets. On Tuesday, Australia’s sovereign wealth fund announced a strong 4.6 per cent quarterly performance to increase its assets to $123 billion, which managing director David Neal said was boosted by successful investments in non-listed businesses.More
Blue Sky’s founder and managing director, Mark Sowerby, says it will be “easy” to hand over the reins to his successor, Rob Shand, as he prepares to “retire” from his role at the end of this month. In a Q&A with Industry Moves he says that while there is nothing better in his working life than Blue Sky, he’s ready to move from the front and centre and into a support role for his wife and sons.More
“I’ve been running Blue Sky’s hedge fund business for about 18 months now. I inherited a great team with eight-year track records across three strategies. In fact, BarclayHedge has just ranked our Dynamic Macro fund as one of the top 20 performing CTAs in the world over the last five years.”More
Australian Financial Review – Queensland has become the first Australian state to appoint a chief entrepreneur, backing Blue Sky Alternative Investments founder Mark Sowerby to lift its flagging performance in commercialising ideas. Sowerby, who announced his retirement from Blue Sky on Friday after 10 years in which he built the business into an ASX300 company with $2.1 billion under management, said connecting more investors with Queensland start-up and ‘scale-up’ businesses was his focus.More
One of the state’s most successful proponents of alternative investment strategies has accepted the post of Queensland’s first Chief Entrepreneur. Premier Annastacia Palaszczuk today announced the appointment of Mark Sowerby, founder of Blue Sky Alternative Investments Ltd, to the Advance Queensland role.More
The Weekend Australian – Alternative investment pioneer Mark Sowerby is stepping down from the Blue Sky Alternative Investments business he founded in 2006 to focus on his family and charitable works after the company posted a record net profit of $10.5 million. Robert Shand, a former Bain & Co consultant who joined the business in 2010 and has been chief operating officer since 2013, will take over from September 30.More