Super Fund

Coffers enhanced by $1bn by Super Fund

Super Fund

In the month of April the Super Fund posted an investment return of nearly 9%, enhancing its coffers by $1 billion.

From April 1 to May 5 the unaudited performance achieved, puts forward a $1.75 billion jump from the fund's lowest balance in mid-March.

Now the entire fund is up to $12.5 billion, before regaining its level of last August. Thus it has approximately $2 billion more to recover.

Super Fund chief executive Adrian Orr expresses that the result illustrates the futility of attempting to pick and act on short-term signals.