The numbers don't lie—but the people presenting them do.

When veteran investment manager Emma Gaul realises her "outperforming" wholesale funds are actually losing money despite their impressive 20 %+ IRR claims, she uncovers a web of mathematical manipulation that's costing Australian retirees billions. Her quest for honest performance reporting ignites a battle against an industry that profits from confusion, regulators who've been captured by the very entities they oversee, and a system where sophisticated investors somehow receive worse information than retail customers.

A financial thriller that exposes the sophisticated mathematics used to hide simple deception.