Ann: Response to Foreign Shorter Opinion Piece, page-67

I was an investor in a fund managed by Blue Sky. Management fees were charged on undefined amounts, investments independently valued by EY (and where BLA had majority control of the board) collapsed quite spectacularly and the company liquidated, and large legal fees paid to Kain C&C based on questionable agreements with the company he chaired. Majority of investors lost all their investment. Vast majority of money went on management and legal fees. IMO all tricks and mirrors and massive marketing spend to attract investors.