Item - 2025.IB12.7

Tracking Status

This item was considered by Toronto Investment Board on September 26, 2025. The Toronto Investment Board postponed consideration of this item. Consult the text of the decision for further information on the deferral.

IB12.7 - Review of Investment Manager Mandate (Global Equity)

Decision Type:: ACTION

Status:: Deferred

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. Deferred consideration of this item until the next special meeting called by the Chair.

Decision Advice and Other Information

Randy LeClair, Director, Capital Markets gave a verbal update on Review of Investment Manager Mandate (Global Equity).

The Toronto Investment Board recessed its public session to meet in closed session to consider this item as it relates to the security of property belonging to the City of Toronto and the Toronto Investment Board.

Origin

(September 8, 2025) Report from the Director, Capital Markets

Summary

This report provides an Investment Manager analysis per the directive of the Toronto Investment Board ("Board") at their meeting held on June 24, 2025. The Board's investment consultant, Aon, will provide an update and discuss the results of the analysis. The confidential attachment to this report details the analysis.

Background Information

(September 8, 2025) Report from the Director, Capital Markets on Review of Investment Manager Mandate (Global Equity)
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-258500.pdf
Confidential Attachment 1 - Review of Investment Manager Mandate - Global Equity (Aon)

Motions

Motion to Defer Item moved by Colin Lynch (Carried)