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24-Feb-2015

Power to run Blue Sky hedge funds

Blue Sky Alternative Investments has appointed Neil Power as managing director of its hedge fund division. The group’s managing director, Mark Sowerby, told financialobserver the recruitment of Power was a coup for the hedge fund business. “When someone as great as Neil comes along, we have to have them,” Sowerby said, adding he brought with him more than 20 years of experience in the industry.

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23-Feb-2015

Blue Sky aims for $1bn as investors diversify

Blue Sky Alternative Investments is confident of reaching a $1 billion target for funds under management within the next four months as growth-oriented investors continue to diversify away from property, bonds and equities. The Brisbane-based fund manager said all four fund groups — venture capital, private equity, real assets and private real estate — contributed to growth funds under management, putting the company on track to double funds under management in two years.

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23-Feb-2015

Neil Power to run Blue Sky hedge funds

Blue Sky Alternative Investments Limited (ASX: BLA) has appointed Neil Power as managing director of its hedge fund division. Mr Power brings more than 20 years of experience working in the hedge fund industry. He most recently was a partner at Australian-based advisory and placement firm Allen Partners. In 2007, Mr Power joined Boronia Capital, one of Australia’s oldest and largest hedge funds, where he was instrumental in helping triple the fund’s Assets Under Management (AUM) to $3 billion.

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23-Feb-2015

Blue Sky wins as investors flock to alternatives

Blue Sky Alternative Investments (ASX:BLA) has capitalised on the nation’s growing trend towards the alternative investments, reporting strong results. The fund manager lifted its half-year net profit to $2.6 million, up from $0.3 million in the previous period. The company also more than doubled underlying revenue from $7.2 million in HY14 to $16.5 million in HY15.

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19-Feb-2015

Could platform bias be undermining returns?

Investors and advisers are incorrectly adopting a short-term investment skew when it comes to self-managed super funds, with a platform-driven gearing towards liquid assets that could undermine long-term performance. Such is the view of Blue Sky Alternative Investments director of investments, Alex McNab, who expressed confusion about why there was such a heavy bias towards liquid investment classes in the superannuation space.

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