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Don't panic, Blue Sky tells fund investors

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The bloodied Blue Sky empire has looked to settle the nerves of investors in its funds, saying receivership of the mothership will not tear down underlying investments.

“[The receivers] fully appreciate the importance of maintaining and capably resourcing Blue Sky’s various investment management businesses,” said in a memo to fund unitholders sent last week.

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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
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/companies/financial-services/don-t-panic-blue-sky-tells-fund-investors-20190524-p51qvt