Super also a casualty of the soaring Aussie

“But I think the results will give members a lot of comfort to know that last year’s positive return wasn’t a one-off, so it has been a year of consolidation.”

Chant West estimated that, on average, super funds need another 4.5 per cent in returns to get back to pre-global financial crisis levels.

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The world won’t wait for the investment committee 

The institutions managing long-term savings might not be built to respond at the speed the world now moves. The gap between knowing and acting – which, ultimately, is where all risk lives – is one they can’t afford to keep open.

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