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Glaucus targets Blue Sky Alternative Investments as next Australian short

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Blue Sky Alternative Investments has rejected US hedge fund Glaucus' short thesis on the stock as being riddled with falsehoods after Glaucus claimed the homegrown asset manager's shares were 77 per cent over-valued.

The California-based short-seller has targeted Australian asset manager Blue Sky in its second Australian short campaign more than a year after it published a zero-dollar price target on collapsed sandalwood group Quintis.

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Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com

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    Original URL: https://www.afr.com/business/banking-and-finance/hedge-funds/glaucus-targets-blue-sky-alternative-investments-as-next-australian-short-20180328-h0y2bg