Tue, Apr 28, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

banner