Fri, Apr 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Asia Pacific Intelligence

Blue Sky reports 48% growth in revenue

Thursday, September 05, 2013

Australia's only listed alternative investments firm Blue Sky Alternative Investments has reported a $3.59m net profit after tax and 48% growth in revenue for the full year ending 30 June 2013.

In August 2013, Blue Sky completed a successful private share placement, raising an additional $6.83m, which will be used to co-invest in Blue Sky managed funds.

In the last 12 months, the company increased its assets under management (AUM) from approximately $200m to $350m.

Founder and managing director Mark Sowerby said the 2013 financial year had seen Blue Sky reach several milestones and build the foundation for its next level of growth.

"We have expanded our investment teams, infrastructure, systems and distribution channels while maintaining performance across the group's funds at better than 15% per annum compounding since inception," he said.

"In a low growth economic environment, investors continue to seek out new ideas, absolute performance and alignment. This is driving a greater proportion of global savings to alternative assets."

"Our offerings across private equity, private real estate, hedge funds and real assets (currently water and water infrastructure) uniquely position us to participate in these global trends," Mr Sowerby said.

Blue Sky was listed on the Australian Securities Exchange in January 2012. Established in 2006, Blue Sky has generated strong returns uncorrelated with Australian listed equity markets. The firm has offices in Brisbane, Sydney, Adelaide and New York, a team of over 40 and a broad investor base including institutional, wholesale and retail clients.

Alternative assets include direct investment in private equity, real estate, infrastructure, hedge funds and other real assets.

 
This article was published in Opalesque's Asia Pacific Intelligence our monthly research update on alternative investments in the Asia-Pacific region.
Asia Pacific Intelligence
Asia Pacific Intelligence
Asia Pacific Intelligence
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Performance - Blackstone profits plunge 77% as performance fees dive, Hedge fund stars' fortunes hostage to market swings, Hedge fund manager goes from billionaire to millionaire in profits plunge, Hedge funds biggest losers in SunEdison's 'magic money machine'[more]

    Blackstone profits plunge 77% as performance fees dive From FT.com: Blackstone, the world’s biggest manager of alternative investments from private equity to real estate, suffered from sharply lower performance fees amid turbulent markets in the first three months of the year, even as it

  3. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  4. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  5. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the