Blue Sky reassures investors

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Fund manager Blue Sky Alternative investments (ASX:BLA) has reached out to shareholders after foreign short seller Glaucas claimed the company’s shares were 77 per cent over-valued.

Blue Sky says the only solution is to continue to demonstrate the performance of the business by growing their assets under management.

In addition the company says they need to better communicate to the market what the business does and how it does it.

The company has reassured investors that the business is in very good shape with a strong balance sheet.

Shares in Blue Sky (ASX:BLA) finished the week 1.42 per cent higher at 5.70.