Toronto Foundation selects Morneau Shepell Asset & Risk Management as primary portfolio manager
Morneau Shepell Asset & Risk Management Ltd. to manage administration of more than $400 million
TORONTO, Oct. 3, 2016 /CNW/ - Morneau Shepell Asset & Risk Management, announced today that it has been appointed as the new portfolio manager for the Toronto Foundation – one of Canada's largest charitable foundations. Toronto Foundation 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 Toronto Foundation to set policy, establish performance benchmarks, and monitor the performance of the portfolio. Toronto Foundation's investment strategy aims to generate an investment return which achieves granting requirements, preserves the purchasing power of the capital, establishes a reserve in the event of future market declines and recovers the cost of administering the Funds. The portfolio will be structured and managed to achieve its targeted rate of investment return while assuming the lowest possible risk.
"We are pleased to appoint Morneau Shepell Asset & Risk Management as the portfolio manager for the Toronto Foundation," said Denise Arsenault, Chief Operating Officer, Toronto Foundation. "Their team brings a wealth of experience very well suited to meet the needs of the foundation. They have a combined 35 years plus of experience in the investment consulting and management business."
"We look forward to bringing our industry experience, expertise and guidance to the investment management of the Toronto Foundation assets," added Robert Boston, Managing Director of Morneau Shepell Asset & Risk Management.
About Morneau Shepell Asset & Risk Management Ltd.
Established in 2012, Morneau Shepell Asset & Risk Management was launched as an extension of Morneau Shepell's asset and risk services department. Its purpose is to help clients achieve targeted investment outcomes for clients and provide pension plan sponsors with a new investment approach and asset allocation. A pioneer of the outcome-oriented style of investing, Morneau Shepell Asset & Risk Management assists investors by targeting returns while emphasizing downside protection, reduced volatility, and controlled risk.
About Morneau Shepell Inc.
Morneau Shepell is the only human resources consulting and technology company that takes an integrative approach to employee assistance, health, benefits, and retirement needs. The Company is the leading provider of Employee and Family Assistance Programs, the largest administrator of pension and benefits plans and the largest provider of integrated absence management solutions in Canada. Through health and productivity, administrative, and retirement solutions, Morneau Shepell helps clients reduce costs, increase employee productivity, and improve their competitive position. Established in 1966, Morneau Shepell serves more than 20,000 clients, ranging from small businesses to some of the largest corporations and associations in North America. With almost 4,000 employees in offices across North America, Morneau Shepell provides services to organizations across Canada, in the United States, and around the globe. Morneau Shepell is a publicly-traded company on the Toronto Stock Exchange (TSX: MSI). For more information, visit morneaushepell.com.
SOURCE Morneau Shepell - Corporate