Misses the most dubious component of their outperformance compared to other regions, the outsized allocation to alternative investments that don’t have to be revalued regularly and are therefore used to understate negative returns.
Also the whole incentive structure that punishes under performance against peers means they will do everything they can to mask poor returns!
Buy #bitcoin and self custody!
https://smallcaps.com.au/australian-super-funds-controversial-but-global-success/