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Toronto Investment Board · 2026-09-25 · 2026.IB17.7

Toronto Investment Board decides · Fri, Sep 25

Toronto Investment Board to receive updates on investment manager reviews and multifactor equity strategy transition

Citywide

The item requested updates on the investment manager and other matters. The Toronto Investment Board considered the item on September 25, 2026, and took no action.

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The journey

Fri, Sep 25 · Toronto Investment Board · scheduled, not yet heard
Why is this story here?
RoutineThis is a routine investment management update and consultant review. Investment manager performance assessments, fund rebalancing, and leadership changes within external managers are operational matters with no change to the Board's mandate, authority, or decision-making power. The transition of one equity mandate to a new manager is a standard portfolio management action within the Board's existing mandate.Invisible to residentsEven if the Board acts on these updates, the substance is internal fund management: shifting assets between investment managers, or changing leadership within a manager's team. These are operational decisions that do not reach residents. No commute, rent, bill, service, or access changes as a result.

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The record as the City filed it

Staff recommended

The Director, Capital Markets and Treasury recommends that: 1. The Toronto Investment Board receive this report for information. 2. The Toronto Investment Board direct that the confidential information contained in Confidential Attachments 1, 2 and 3 remain confidential in their entirety, as they contain information that involves the security of property belonging to the City or one of its agencies or corporations.

Considered

Official title: Investment Manager and Other Updates · the item as the City filed it

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