Sun, Aug 2, 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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

banner