In episode 106, Alex Proimos speaks with Andrew Lill, chief investment officer at Rest Super. This episode delves into the transformation that REST Super had undertaken since Andrew's appointment 9 months ago. We discuss the evolution of the internal teams, the competitive landscape, regulatory reforms, and his thoughts around private markets, illiquidity, absolute return strategies, including tail hedging. The conversation also covers the importance of operational infrastructure, taking a total portfolio perspective and where to take an active risk.