"Acting Blue Sky Alternative Investments boss Kim Morison is steering the besieged fund manager away from its reliance on voracious deal-making and charting a more "sustainable" path in the wake of Robert Shand's resignation."
"Mr Morison, who is head of real assets, was named acting head of the Brisbane-based group and framed as a strong candidate to be formally appointed."
"Mr Morison and chairman John Kain told the market they would pursue "a greater reliance on recurring cash income". That means, according to Mr Morison, "we don't necessarily then have to rely on bringing new deals to the market every year".
"We can be very, very selective, then if the conditions of the market are not right, we don't have to then bring something to market at the time. I just think that's going to be healthier for us long term," he said. "
BLA Price at posting:
$3.10 Sentiment: Sell Disclosure: Not Held
