A quality investment in Blue Sky

Robert Frost

OC Funds Management

During May, we initiated a position in Blue Sky Alternative Investments (ASX:BLA), an alternative asset manager with more than $2b in assets under management. Headquartered in Brisbane and founded in 2006, Blue Sky now has offices in Adelaide, Sydney, Melbourne and New York and a team of over 80 investment professionals and support staff. BLA has built a strong track record across a number of alternative asset strategies to produce a blended compound return of 16.9% p.a. since inception across private equity and venture capital, private real estate, real assets (water entitlements and utilities) and hedge fund products. We have long admired the BLA business model and the vision of the founding Managing Director, Mark Sowerby. In the course of our due diligence, we have visited operations in Brisbane, New York and Melbourne, meeting with a raft of quality investment and distribution staff who work with the group. A placement at $6.50 provided an attractive entry point in what we expect to be a rewarding long-term investment for the OC Premium Small Companies Fund. (VIEW LINK)

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Robert Frost
Head of Investments
OC Funds Management

Robert was appointed Head of Investments in 2009 and has been a Portfolio Manager since joining OC Funds Management in 2001. Robert is also an Executive Director of parent company, Copia Investment Partners.

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