Blue Sky withdraws earnings guidance FY18

Company News

by Anna Napoli

Blue Sky Alternative Investments Ltd (ASX:BLA), the fund manager which found itself the target of US short-selling firm, Glaucas has withdrawn its earnings guidance for its 2018 financial year.

The company has also withdrawn fee earning assets under management for both the 2018 and 2019 financial years.

Blue Sky also announced further changes to the board, with Chairman John Kain to step down, Executive Director Tim Wilson to retire while Executive Director and CIO Alexander McNab will also step down.

The company has also announced a restructure of its business model .

Shares in Blue Sky Alternative Investments (ASX:BLA) are down 9.93 per cent to $2.45 following the announcement.

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.