Blue Sky Alternatives Access Fund Ltd (ASX: BAF) could have a new investment manager soon.
Blue Sky Alternatives Access Fund is a listed investment company (LIC) which was set up by Blue Sky Alternative Investments Ltd (ASX: BLA). It aims to invest in alternative assets like private equity, water entitlements, agriculture, private real estate and venture capital.
Blue Sky’s LIC May Soon Have A New Home
Investment management company Wilson Asset Management is looking to take over the reins. It might be quite close to getting the deal with Blue Sky going into a trading halt this morning.
The trading halt was requested because of a pending announcement by Blue Sky about the proposed transition to WAM and so that there were no uninformed trades taking place between now and when it releases the announcement.
Its manager, Blue Sky Alternative Investments, is trying to organise a revised facility with Oaktree.
BAF Update
Subsequent to the initial publication this article, Blue Sky Alternative Investments announced that it has advised the BAF board it will be ceasing negotiations with WAM.
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