Item - 2020.IB10.3

Tracking Status

This item was considered by Toronto Investment Board on December 7, 2020 and was adopted without amendment.

IB10.3 - Investment Manager Update

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Board Decision

The Toronto Investment Board adopted the updated Investment Plan as provided in Attachment 1 of the report (November 19, 2020) from the Director, Capital Markets.

Origin

(November 19, 2020) Report from the Director, Capital Markets

Summary

This report provides an update on the actions taken with regards to the selection of investment managers since the last meeting of the Toronto Investment Board (Board) on October 7, 2020. An updated Investment Plan, with the name of a new global equity investment manager, is included for review and adoption.

Background Information

(November 19, 2020) Report from the Director, Capital Markets on Investment Manager Update
https://www.toronto.ca/legdocs/mmis/2020/ib/bgrd/backgroundfile-158756.pdf
Attachment 1 - Investment Plan Update - November 18, 2020
https://www.toronto.ca/legdocs/mmis/2020/ib/bgrd/backgroundfile-158757.pdf
Attachment 2 - Aon Flash Report - Factor Service Changes 2019
https://www.toronto.ca/legdocs/mmis/2020/ib/bgrd/backgroundfile-158758.pdf
Attachment 3 - Current Funding Status of the Long Term Fund and the Sinking Fund as at November 13, 2020
https://www.toronto.ca/legdocs/mmis/2020/ib/bgrd/backgroundfile-158759.pdf

Motions

Motion to Adopt Item moved by Matthew Flynn (Carried)