Blue Sky announces resignation of another director

Company News

by Anna Napoli

Fund manager, Blue Sky Alternative Investments (ASX:BLA) has announced the resignation of Michael Gordon as Non-Executive Director.

Mr Gordon’s resignation is for health reasons and effective immediately.

His resignation follows the departure of Managing Director Robert Shand,and two directors last month.

The company’s shares have been hit hard after US short-seller Glaucas announced it was shorting the company earlier this year.

Blue Sky last week withdrew its earnings guidance for its 2018 financial year.

Shares in Blue Sky Alternative Investments (ASX:BLA)are trading up 1.44 per cent to $2.81.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.