Toronto Foundation appoints Morneau Shepell
Toronto Foundation has appointed Morneau Shepell Asset and Risk Management as its portfolio manager.
The charitable foundation currently administers more than $400 million in assets. Its investment strategy aims to generate a return that achieves granting requirements, preserves the purchasing power of capital, establishes a reserve in the event of future market declines and recovers the cost of administering the funds. Morneau Shepell Asset and Risk Management will work closely with the foundation to set policy, establish performance benchmarks and monitor the performance of the portfolio. (End of the article)
Source: Benefits Canada