The short-seller who helped shatter the glamour around former sharemarket darling Blue Sky has said the company’s failure was a lesson in the need for transparency.
ASX-listed Blue Sky Alternative Investments went from a peak valuation of more than $1 billion in 2017 to the trash pile of administration and delisting by 2020 after investors lost faith in the funds management enterprise.
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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
