by Liam Walsh

Investment veteran Geoff Wilson hopes to keep negotiating for oversight of a sharemarket-listed fund after under-fire investment manager Blue Sky abruptly cancelled talks.“[The] cessation of negotiations was totally unexpected,” Mr Wilson, chairman of Wilson Asset Management, told The Australian Financial Review.

“We’re disappointed. We think there’s a great opportunity to grow alternative investments in Australia.”

The spat is over control of the ASX-listed Blue Sky Alternatives Access Fund, which has had stakes in unlisted funds such as real estate or an online shoe seller.

The sharemarket-listed fund – and those unlisted funds – are currently administered by Blue Sky Alternative Investments, the embattled Brisbane-based investment manager.

Blue Sky had last year announced plans to cease running the sharemarket-listed fund, citing cost concerns as part of the reason.

Wilson Asset Management triumphed in a subsequent battle to win support from the fund to take over the rights.

Read more in the Australian Financial Review.

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