Item - 2024.IB8.2

Tracking Status

This item was considered by Toronto Investment Board on September 26, 2024 and was adopted without amendment.

IB8.2 - Review of the Global Equity Mandates - Implementation Rationale

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Board Decision

The Toronto Investment Board:

1. Received the report (August 30, 2024) from the Director, Capital Markets for information.

Decision Advice and Other Information

The Director, Capital Markets gave a verbal update on Review of the Global Equity Mandates - Implementation Rationale.

Fauzia Babar and Brian White gave a presentation on behalf of Aon Consulting.

Origin

(August 30, 2024) Report from the Director, Capital Markets

Summary

The purpose of this report is to provide the Toronto Investment Board ("Board") with a review of the global equity mandates and explain the rationale underlying the selection of investment managers for this asset class.

A presentation by the investment consultant (Aon) provides background and decision making of the Toronto Investment Board (Board) in 2018.

Background Information

(August 30, 2024) Report from the Director, Capital Markets on Review of the Global Equity Mandates - Implementation Rationale
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-248646.pdf
Attachment 1 - Presentation from Aon - Equity Implementation Rationale
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-248647.pdf

Motions

Motion to Adopt Item moved by Mari Jensen (Carried)