Internal Committees & Teams

The Management Committee considers wide-ranging operational and investment matters under the following broad categories:

• Strategic planning
• Enterprise risk
• Human resources
• Policy approval
• Technology, business continuity planning and cybersecurity
• Broad investment strategy and investment risk issues
• Internal audit

The Committee is composed of the President and CIO (Chair), the Chief Operating Officer, the Chief Risk Officer, the Head of Fixed Income and the Head of Private Markets.

The Management Investment Committee reviews investment activities and makes recommendations, decisions and approvals where required, including but not limited to:

• Investment strategy
• Asset mix and rebalancing
• Investment performance
• Investment manager hire/termination recommendations
• Investment manager and investment service provider watchlist

The Committee is composed of the President and CIO (Chair) and all other investment staff, as well as senior members of the Risk and Research and Operations teams.

The Management Investment Risk Committee oversees the development and implementation of UTAM’s investment risk framework, including review of client portfolio investment risk positions, and the evaluation of investment-risk-related issues.

The Committee is composed of the Chief Risk Officer (Chair), the President and CIO, members of the Risk & Research team, the Head of Fixed Income, and the Head of Private Markets.  From time to time, other staff may be invited to join the Committee.

The Responsible Investing Committee oversees all matters relating to the development and implementation of our responsible investing practices including the following activities:

• Develops and approves our Responsible Investing Policy for Management Committee and Board approval
• Sets annual responsible investing objectives, including those specifically related to climate issues
• Identifies and evaluates evolving best practices with respect to responsible investing
• Approves and oversees the implementation of responsible investing practices
• Provides appropriate training for staff
• Develops responsible investing reporting to stakeholders
• Oversees annual PRI reporting
• Considers any other relevant matters

The Committee is composed of the President and CIO (Chair), the Head of Fixed Income, the Head of Private Markets, the Chief Risk Officer, and the Chief Operating Officer. From time to time, other staff may be invited to join the Committee.

The Valuation Committee oversees valuation practices and primarily undertakes the following activities:

• Oversees relevant policies
• Reviews pricing sources annually to ensure that they remain appropriate; recommends changes as necessary
• Receives annual confirmation that appropriate valuation procedures are in place to meet the requirements of the Valuation Policy
• Addresses valuation issues as they arise, giving due consideration to conflict-of-interest issues

The Committee is composed of the Chief Operating Officer (Chair), the President and CIO, the Chief Risk Officer and the Director, Operations.

Investments

The Investment team, led by the President and CIO, is divided into three groups: public equity, fixed income (including private credit) and private markets. Each group typically includes at least three investment professionals. The Investment team is responsible for portfolio construction within each portfolio and identifying, evaluating and recommending investment managers to the Management Investment Committee, as well as ongoing monitoring of appointed managers.

Risk and Research

The Risk and Research team, led by the Chief Risk Officer, is responsible for the measurement of investment risk and portfolio performance. The team undertakes internal research on a variety of investment-related topics. It also manages the implementation, development and use of a third-party holdings-based risk system that assists UTAM in identifying, measuring and monitoring a wide variety of investment risks. Risk and Research also ensures the completeness and accuracy of the data on which the system’s validity relies.

Operations

Operations, led by the Chief Operating Officer, encompasses the oversight and execution of all matters related to investment operations, operational due diligence, compliance, corporate financial accounting, human resources, technology, enterprise risk and legal. The Investment Operations function facilitates the accurate and timely execution of investment transactions and the payment of portfolio fees and expenses. It also ensures that official investment books and records for the portfolios are accurately maintained by the University’s appointed independent custodian. Operations staff work closely with their Investment and Risk and Research colleagues within UTAM, as well as with the University’s Financial Services Department and key external service providers.