BLA 0.00% 18.5¢ blue sky alternative investments limited

I originally held the same concern. But if you follow the listed...

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    I originally held the same concern. But if you follow the listed fund (BAF) closely, you'll discover they had options at a $1 exercise price and a 2015 entitlement offer also at $1 which provided a significant drag on net tangible assets per share. So the apparent low returns are due to the options and earlier entitlement offer, rather than the performance of the assets held.
 
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Currently unlisted public company.

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