As the University of Toronto strives for excellence in teaching and research, we work to strengthen key financial pillars on which that vision is built – and to help provide a secure retirement for thousands of employees, past, present and future.


Our Approach

Since UTAM’s inception in 2000, we have provided professional investment management services to protect and grow the University of Toronto’s financial assets.

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As we manage U of T’s Pension, Endowment and short-term working capital funds, we draw upon our proven processes and deep investment expertise. At the same time, we collaborate closely with U of T’s senior leadership, the expert advisors of the Investment Committee, our carefully selected investment managers and strategic partners, and other key stakeholders, benefiting from their insights and experience as we manage the university’s assets to achieve its risk and return objectives.


Responsible Investing

UTAM is committed to responsible investing, which we define as the incorporation of environmental, social and governance (ESG) factors into investment decision-making processes, active ownership – through proxy voting and engagement – and disclosure.

We pursue a responsible investing approach because we believe that material ESG factors can have a significant impact on investment returns. By integrating ESG considerations into our investment activities, we believe we can make better-informed decisions and ultimately achieve better outcomes for the portfolios we manage on behalf of the university.

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Investments

The strategic asset allocation of the Pension and Endowment portfolios is represented by the benchmark Reference Portfolio, which has risk and return attributes consistent with the objectives of these portfolios.

The Reference Portfolio serves as the starting point for all of UTAM’s active investment decisions. As we implement our strategy, the Reference Portfolio provides us with an objective gauge for measuring the risk and value added of our investment activities.

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The Reference Portfolio

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Performance

We are focused on investing for the long term. Our most important performance objectives are to meet the university’s target rates of return and to add value to the portfolios by outperforming the benchmark Reference Portfolio while adhering to all constraints, including a formal risk budget.

Over the 10-year period ending in 2018, the Pension and Endowment portfolios returned 7.8% and 7.9% respectively. These returns exceeded the university’s target return of 5.7% and the benchmark Reference Portfolio return of 6.7%.

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Reports

2018 Annual Report:

Our 2018 Annual Report includes the performance of the Pension, Endowment and short-term working capital assets we manage on behalf of the University of Toronto. The report also provides an in-depth look at how we bring together the many building blocks of our investment approach.

View 2018 Annual Report
2018 Responsible Investing Report:

A Closer Look

Our third annual Responsible Investing Report explains how we consider environmental, social and governance (ESG) factors in our investment analysis and decision-making processes.

View 2018 Responsible Investing Report
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News

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UTAM Supports Climate Statement from Canadian Institute of Actuaries

UTAM wholeheartedly lends its support to “Time to Act: Facing the Risks of a Changing Climate,” a public statement released by the Canadian Institute of Actuaries (CIA) on September 24. The statement…

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UTAM Signs Investor Statement on Deforestation and Forest Fires in the Amazon

UTAM has signed an investor statement expressing deep concern about the escalating crisis of deforestation and fires in the Amazon rainforest in Brazil and Bolivia. In total, 230 investors –…

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UTAM Signs Global Investor Statement to Governments on Climate Change

UTAM has joined hundreds of institutional investors to reiterate our full support for the Paris Agreement on climate change and strongly urge all governments to implement the actions needed to…

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UTAM Once Again Receives High Scores from the Principles for Responsible Investment (PRI)

We are pleased to report that we received excellent scores in the PRI’s latest assessment of our responsible investing approach: five A+ marks and one A. And, for the second year in a row, we scored…

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