Blue Sky Alternative Investments was an Australian asset manager of alternative investments which listed on the Australian Stock Exchange in 2012. Independent specialist equities research provider Diogenes first highlighted concerns over Blue Sky's asset valuation methodologies in December 2016. The report had little impact on the asset manager's share price. However, in March 2018, short-seller Bonitas Research published a report which alleged that Blue Sky was materially inflating asset values and then gouging investors with extortionate fees. The report prompted a share price collapse with numerous management resignations. The company appointed a receiver in May 2019 and delisted. As such, the allegations have credibility.

Last updated May 2022

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