Item - 2023.IB3.6
Tracking Status
- This item was considered by Toronto Investment Board on June 19, 2023 and was adopted without amendment.
IB3.6 - Asset Mix - Historical Background Review
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Board Decision
The Toronto Investment Board received the report (May 27, 2023) from the Director, Capital Markets for information.
Decision Advice and Other Information
Nathan Lapierre and Brian White, AON Consulting, gave a presentation to the Toronto Investment Board.
Origin
Summary
At its meeting on March 9, 2023, the Toronto Investment Board ("Board") discussed the background of the current Asset Mix contained in the current Council-adopted Investment Policy (Attachment 1).
The Investment Consultant (Aon) suggested providing a historical background review of the work completed on Asset Mix since the creation of the Toronto Investment Board ("Board") in 2017. Attachment 2 provides a summary of the multiple reviews and the results to date. Full reports and presentations can be found by following the links in the Decision History section below.
Background Information
https://www.toronto.ca/legdocs/mmis/2023/ib/bgrd/backgroundfile-236880.pdf
Attachment 1 - City of Toronto Investment Policy and Procedures - June 2022 (EX33.6)
https://www.toronto.ca/legdocs/mmis/2023/ib/bgrd/backgroundfile-236881.pdf
Revised Attachment 2 - Asset Mix Strategy Review - Introduction (Aon)
https://www.toronto.ca/legdocs/mmis/2023/ib/bgrd/backgroundfile-236882.pdf