Annus Horribilis For Super Funds Caught In The Storm

As super funds brace to report their worst calendar year on record, the question for investors is: did it have to be this bad? The dreaded November figures are due out on Monday, but in the 12 months to October 31 the average balanced super fund had lost 17.61 per cent, according to the researcher SuperRatings. What's worse, the past year was showing signs of having all but eroded the benefits of the double digit returns leading up to this crash.