Item - 2022.IB16.6
Tracking Status
- This item was considered by Toronto Investment Board on June 23, 2022 and was adopted without amendment.
IB16.6 - Investment Manager Asset Exposure to Sanctioned Entities
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Confidential Attachment - Security of property belonging to the City of Toronto and the Toronto Investment Board
Board Decision
The Toronto Investment Board:
1. Directed that Confidential Attachment 1 to the report (June 7, 2022) from the Director, Capital Markets, remain confidential in its entirety, as it contains information that involves the security of property belonging to the City and the Toronto Investment Board.
Decision Advice and Other Information
The Toronto Investment Board recessed its public session to meet in closed session to consider this item, as it pertains to the security of property belonging to the City of Toronto and the Toronto Investment Board.
Origin
Summary
This report responds to the Board's request at its meeting on March 28, 2022 to the Investment Consultant to report a summary of the City's investment managers' exposures to sanctioned entities and, more generally, to Russia. A summary of the Board's investment managers' exposure is contained in Confidential Attachment 1 of this report.
Background Information
https://www.toronto.ca/legdocs/mmis/2022/ib/bgrd/backgroundfile-226787.pdf
Confidential Attachment 1 - Exposure to Russia and Sanctioned Entities