- Troubled asset manager Blue Sky has withdrawn profit guidance and flagged changes to its board.
- Shares fell by as much as 10% in morning trade.
- The company said it will provide additional information on its assets at half-year and full-year reporting intervals.
Asset manager Blue Sky Alternative Investments has notified the market that its withdrawing profit guidance for the 2018 and 2019 financial years.
The company also announced chief investment officer Alexander McNab will step down immediately. Current Chairman John Kain will also step down once a suitable replacement has been found.
Shares in the company initially slumped by almost 10%. A short time ago, BLA shares were tra…
Read the full article at: https://www.businessinsider.com.au/blue-sky-tumbles-again-chairman-to-go-cio-out-profit-guidance-pulled-2018-5