The pension plan for the faculty and staff of the University of Toronto grew from $6.3 billion to $6.6 billion in the first six months of 2021.
For the second half of the year, the assets were officially in the custody of the University Pension Plan, though the day-to-day management of portfolios remained UTAM’s responsibility well into 2022.
“From July 1, 2021, these assets were transferred to UPP, but continued to be managed by UTAM until April 1, 2022. As these are no longer university assets, we do not report further on them.”
The UTAM, which continues to manage the University of Toronto’s endowment portfolio, which saw returns of 14.9 per cent over the course of 2021. In previous years, the endowment fund and pension portfolio have performed similarly to one another.
“These positive results add up to one of the most successful years in UTAM’s history, whether measured by absolute returns or by relative performance against the reference portfolio.”