Nov 29 (Reuters) - Blue Sky Alternatives Access Fund Ltd BAF.AX :
* UPDATES ON ALTERUM PROPOSAL
* UNIT OF PINNACLE INVESTMENT MANAGEMENT GROUP IS NO LONGER SEEKING TO BE APPOINTED AS MANAGER OF BAF
Nov 29 (Reuters) - Blue Sky Alternatives Access Fund Ltd BAF.AX :
* UPDATES ON ALTERUM PROPOSAL
* UNIT OF PINNACLE INVESTMENT MANAGEMENT GROUP IS NO LONGER SEEKING TO BE APPOINTED AS MANAGER OF BAF