The dry conditions in many of the key farming regions highlight the importance of water security for our listed agricultural plays. When it comes to water rights, some are in a better position than others.
In March, US hedge fund, Glaucus, went short on Blue Sky Alternative Investments (ASX:BLA) due to what it perceived as exaggerations in the fund manager’s fee-earning assets under management. Since then, things have gone from bad to worse for BLA investors. And the bad news shows no signs of abating.