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Ernst & Young is Blue Sky's auditor and landlord

Myriam Robin and Joe Aston
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Seriously, get this: Blue Sky Alternative Investments subleases its registered office from its auditor, Ernst & Young. Just when you think this one couldn't get any better ...

Queensland Land Registry documents show the disgraced cheap-jack asset manager in February 2015 entered into a 10-year agreement with Ernst & Young Services, paying a starting rent of $899,400 per annum for space high above Eagle Street Pier, rising 4 per cent at the start of each July. The contract was signed by Blue Sky's founder, and CEO-at-the-time, the now nigh invisible Mark Sowerby.

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Myriam Robin is Rear Window editor based in the Melbourne newsroom. A Rear Window columnist since 2017, she previously reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
Joe Aston helmed The Australian Financial Review's Rear Window column from 2012 to 2023. Connect with Joe on Facebook and Twitter.

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    Original URL: https://www.afr.com/brand/rear-window/ernst--young-is-blue-skys-auditor-and-landlord-20180625-h11u0w