# Failed super fund boss lists his $9million mansion for sale as investors fight to get their money back

- URL: https://talkfuse.com/story/failed-super-fund-boss-lists-his-9million-mansion-for-sale-as-investors-fight-to-get-their-money-back/
- Published: 2026-08-11T04:06:44+00:00
- Updated: 2026-08-11T04:12:16+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/news/article-16040687/first-guardian-super-boss-sells-mansion.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Americas, World

## Key points

- First Guardian fund director forced to sell $9million Melbourne mansion
- Fund's collapse left 6,000 investors about $590million out of pocket
- Sale approved by Federal Court to help cover his legal fees

## Summary

David Anderson, a director of the collapsed First Guardian Master Fund, has been forced to list his Melbourne mansion for sale at a discount of nearly $2million after obtaining Federal Court permission to do so. The fund plunged into liquidation last year following a series of dubious investments, leaving around 6,000 retirement savers roughly $590million out of pocket. The sale comes as those investors continue to fight to recover their money.

Anderson's four-bedroom luxury property in Hawthorn was bought in 2020 for $9.04million but has now been listed well below that price. He is selling the home to help cover mounting legal and liquidation costs stemming from the fund's collapse.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.