Latest News

1-Mar-2015

ParcelPoint cements market leadership with $3.6 million investment

Australia’s largest independent online ‘Click & Collect’ delivery network, ParcelPoint, has received a $3.6 million investment from Blue Sky Venture Capital. ParcelPoint is the only significant alternative to the current post office network in Australia. The company turns local stores such as pharmacies, newsagents, convenience stores and storage facilities, into extended-hours parcel collection points, which customers can visit when it suits them. It also provides retailers with a click & collect option for customers to pick up their online purchase in store. The capital injection by Blue Sky Venture Capital will help ParcelPoint nearly triple the number of delivery points in Australia to 3,000, more than double the number of retailers on board and create more than 10 jobs over the next financial year.

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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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