Kind of a half analysis, I'd be a little concerned if they were assessing investments for me.
The core of the BLA issues stem from the "valuations" placed on the investments, which was showing massive growth but not realized. They then used those unrealized profits to book performance fees that were never received - boosting their "profit" and hiding the massive management overheads that they used to raise the funds.
At the end of the day there is a solid argument that BLA was never profitable, the cost of the "machine" was too big and they were always going to run out of steam.
BLA Price at posting:
18.5¢ Sentiment: None Disclosure: Not Held