Morneau Shepell managing Toronto foundation portfolio

Morneau Shepell Asset & Risk Management has been appointed as portfolio manager for the Toronto Foundation – one of Canada's largest charitable foundations. It currently administers more than $400 million in assets, both for its own donors and for other charitable organizations. Morneau Shepell Asset & Risk Management will work closely with the foundation to set policy, establish performance benchmarks, and monitor the performance of the portfolio. The portfolio will be structured and managed to achieve its targeted rate of investment return while assuming the lowest possible risk. (End of article)

Source: Benefits & Pension Monitor News