The corporate watchdog has dropped an investigation into bloodied fund manager Blue Sky, but class-action lawyers say the regulator’s step does not kill off any shareholder lawsuits.
Brisbane-based Blue Sky Alternative Investments had been facing an inquiry by the Australian Securities and Investments Commission since last year.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
