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Behind the spectacular demise of Blue Sky

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If there was a moment that Blue Sky's fate was sealed it was at the end of a conference call arranged to dispel allegations made against the company in a research report that it dismissed as a "foreign shorter opinion piece".

Executives at the Brisbane-based fund manager had spent the 2018 Easter weekend bunkered down in its Eagle Street office formulating a response to an 67-page report written by a small team of American analysts called Glaucus Research Group,

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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
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

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    Original URL: https://www.afr.com/companies/financial-services/behind-the-spectacular-demise-of-blue-sky-20190520-p51p8j