Asset manager Blue Sky Capital is in discussions with Australian superannuation funds about investing in its water entitlement fund called Blue Sky Water Fund. Blue Sky Water Fund, which was established by former Macquarie Group commodities trader Kim Morrison, has raised nearly $20 million, but states that it is garnering interest from sophisticated investors who see potential in Australia’s $30 billion water entitlement market. Mr. Morrison states that the new water fund offers investors a more flexible and liquid vehicle through which to gain exposure to the sector, adding that there are 180 different water trading areas available. The fund is aiming for a total net return of 10% with a yield between 4% and 8%, and capital growth in entitlements of between 5% and 12%. To read more about the fund:
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