[REPLAY] Mario Therrien The Canadian Pension Model (Capital Allocators, EP.12)

Published: Sept. 28, 2020, 9 a.m.

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Mario Therrien is Senior Vice President of External Portfolio Management at Canadian asset manager Caisse de d\\xe9p\\xf4t et placement du Qu\\xe9bec (CDP). CDP oversees $270 billion Canadian ($200B in USD) for the pension funds in the province of Quebec. Mario joined CDP in the early 1990s after completing his Masters degree in Finance and has worked there ever since.

Mario started out\\xa0at CDP managing a tactical asset allocation strategy, created an internal global macro hedge fund, and later built and managed the team responsible for investments in external public market funds. Starting from scratch, CDP oversees $20B of external manager allocations today. Mario\'s team serves as CDP\\u2019s \\u2018window to the world\\u2019 of markets, strategies, and managers across the globe.

Our conversation dives into the \\u2018Canadian pension model\\u2019 which has gained prominence in recent years for the strong performance by funds north of the U.S. border. The model incorporates internal management, risk control, partnership, and collaboration. \\xa0Drawing on a quarter century of experience, Mario shares his window into this little-known world of investment success.

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