Item - 2025.IB12.4
Tracking Status
- This item was considered by Toronto Investment Board on September 26, 2025 and was adopted without amendment.
IB12.4 - Investment Manager and Other Updates
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Board Decision
The Toronto Investment Board:
1. Received the report (September 7, 2025) from the Director, Capital Markets for information.
Decision Advice and Other Information
Randy LeClair, Director, Capital Markets gave a verbal update on Investment Manager and Other Updates.
Origin
Summary
This report provides the Toronto Investment Board (Board) with a general update regarding investment managers and other related activities. It also provides the Board with information with the movement of funds (i.e. re-balancing) subsequent to the end of the reporting period with an attachment of the most recent up-to-date fund balances which includes the cash balance and a breakdown of the funds held by each investment manager.
City staff continue to re-balance the Sinking Funds as necessary to maintain the target asset mix. A summary of the transfers completed in July 2025, is outlined in this report.
An update of the current funding status of Long-Term Fund (LTF) and Sinking Fund (SF) as at July 31, 2025, is provided in Attachment 1 of this report.
Background Information
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-258490.pdf
Attachment 1 - Current Funding Status of the Long Term Fund (LTF) and the Sinking Fund (SF) (July 31, 2025)
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-258491.pdf