Former CIO Macquarie picks the best super fund of 20 years
‘Playing’ the system The index’s release comes as markets await the final 2021-22 financial year super fund league table to be published, after researchers Chant West and SuperRatings projected average losses in funds to balance between 3 and 4 percent. But Mr Swanger said the methodology used by most research houses, and the government’s official YourSuper portal, was flawed because they measured with arbitrary constructs from the period ending June 30. It also leaves league tables vulnerable to “play” by funds – a widely recognized issue where funds reassess the value of their unlisted assets in time for critical deadlines. “The problem with most ratings is that they use one blunt time period — one year, 3 years, 5 years, 7 years, 10 years — but each period ends on the same date,” he said. “Unless you own a DeLorean, you cannot invest on a specific date in the past. You can only invest in the future… Looking at different historical periods gives you the best chance of choosing a mut