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Toronto Investment Board · 2020-10-07 · 2020.IB9.3

The filed record

Investment Manager Update

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The decision

2020-10-07 · Toronto Investment Board · amended

As filed

The Toronto Investment Board requested the Director, Capital Markets to review the custodial agreement and report back with an update.

On the agenda

As the city filed it

This report provides an update on the actions taken with regards to the selection of investment managers since the last meeting of the Toronto Investment Board (the "Board") on July 8, 2020. Negotiations to hire the final global equity manager are near completion. A recent rebalancing of the Sinking Fund was completed using cash contributions received. The fund was rebalanced in accordance to the Investment Policy and the Investment Plan.

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Details of the rebalancing are provided in this report. Provided in Attachment 1 to this report is the Current Funding Status of the Long-Term Fund (LTF) and the Sinking Fund (SF) as at September 15, 2020. This document shows the current asset allocation of the funds.

Staff recommended

The Director, Capital Markets recommends that: 1. The Toronto Investment Board receive this report for information.

    On the record

    The item as the City filed it

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