It was another horror week for investors in Blue Sky Alternative Investments, as interim chief executive Kim Morison downgraded fee-earning assets under management from $4 billion to $3.4 billion (though even this number, scandalously, includes $389.4 million earning fees by sitting in an undrawn facility), canned myriad projects and downgraded forecast net profit for the third time since April 16, this time by $59.4 million. The stock finished the week down 25.9 per cent. At $1.66, the stock is down 88.7 per cent in less than six months and down 86.5 per cent since it tapped the market for $100 million of fresh capital on March 13. What a memorable year for clients of Blue Sky's house broker Morgans (whose advisers, including the great James Chandler, enjoyed a nice, long lunch at Eagle Street nightclub Friday's on Friday; hey, creating tax losses of these magnitudes is thirsty work!).

Chandler's "good mate", Morison's predecessor Rob Shand, has also been a busy bee. Last week he sold his 9700 square metre, five-bedroom Pullenvale property for an undisclosed price. (Former Enron chief executive Jeff Skilling was told by the agent that Shandy was after $1.5 million, having paid $993,000 for the joint back in 2013.)