Hello, I'm Ted Sides, and this is Capital Allocators.

This show is an open exploration of the people and process behind capital allocation.

Through conversations with leaders in the money game, we learn how these holders of the keys to the

kingdom allocate their time and their capital. You can keep up to date by visiting

Capital Allocatorspodcast.com. My guest on today's show is Mario Therian, Senior Vice President

of External Portfolio management, a Canadian asset

manager, Case de Du Poe at Placement du Quebec, CDP. CDP oversees $270 billion Canadian dollars,

that's $200 billion in U.S. dollars for the pension funds in the province of Quebec.

Mario joined CDP in the early 1990s after completing his master's degree in finance,

and he's worked there ever since.

Mario started out at 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 today oversees $20 billion of external manager allocations.

Mario's team serves as CDP's window to the world of markets,

strategies, and managers across the globe. Our conversation dives into the Canadian pension model,

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. Drawing on a quarter century of experience,

Mario shares his window into this little-known world of investment success. I hope you like the show,

and if you do, please join the 14 people.

That's 14 out of 40,000 downloads, who have written a brief review on iTunes.

...