May 15 (Reuters) - Blue Sky Alternative Investments Ltd (BLA) :
- COMPLETED FIRST PHASE OF INDEPENDENT REVIEW OF ASSET VALUATIONS, INVOLVING 12 OF 93 ASSETS MANAGED BY BLUE SKY
- AS A RESULT OF REVALUATIONS, THERE IS NO MATERIAL IMPACT ON ITS FEAUM ANNOUNCED ON 7 MAY 2018
- AS A RESULT OF REVIEWS, CERTAIN SAC ASSETS AND PRIVATE EQUITY ASSETS HAVE REDUCED IN VALUE
- ASSET REVALUATIONS ARE EXPECTED TO LOWER BLUE SKY'S NPAT FOR YEAR TO 30 JUNE 2018 BY ABOUT $7 MILLION
