The filed record
Investment Manager and Other Updates
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The decision
2023-09-29 · Toronto Investment Board · adopted
As filed
The Toronto Investment Board received the report (September 7, 2023) from the Director, Capital Markets, Office of the Chief Financial Officer and Treasurer for information.
On the agenda
As the city filed it
This report provides the Toronto Investment Board with an update regarding activities involving the investment managers and related parties. It includes changes to the investment manager mandates, contracts, and funding along with other related items. Further to the announcement at the last Board meeting regarding the Fiera Capital Corporation decision to close the Fiera Global Equity Common Contractual Fund, several options have been proposed.
Show the rest of As the city filed it, 440 more characters as filed
An evaluation of these options by the investment consultant, external legal counsel, tax advisors, and City staff is currently underway. After a meeting with Fiera, it was agreed that Fiera will cover all the fixed costs for Fiera Common Contractual Fund while the next course of action is decided. An update of the current funding status of Long-Term Fund and Sinking Fund is provided in Attachment 1 to this report for the Board's review.
Staff recommended
The Director, Capital Markets recommends that: 1. The Toronto Investment Board receive this report for information.