Outsourced Chief investment Officer for Equality Fund Initiative - $300M gender-lens Investment Pool
The Equality Fund Initiative is a ground-breaking collaboration of domestic and international partners with shared values, diverse expertise and common goals working together in a brand-new way. The Initiative was chosen by the Government of Canada to receive a contribution of $300 million as part of the government’s partnership for gender equality. The RFP provides a unique opportunity for a firm to integrate financial and investment acumen with gender-lens investing.
As the fiduciary partner of the initiative, the Toronto Foundation is tasked with leading the search for the services of an outsourced Chief Investment Officer.
The $300M contribution will be invested with a gender lens, with partners across a multi-asset class investment strategy. From this launchpad, the Equality Fund plans to attract private sector resources to grow a parallel portfolio of gender-lens investments of approximately $250M.
We are well aware of the impact of COVID19 on businesses, their staff, and the financial markets and we acknowledge the immense challenges this is causing the investment sector. We have designed this RFP process in phases, taking into consideration the disruption and increased workload experienced by investment managers during this difficult time. As such, Phases 1 and 2 of the RFP, which are open now, will not demand significant time from respondents.
Details of the RFP are posted on Toronto Foundation's website: www.torontofoundation.ca
Direct link: https://torontofoundation.ca/ocio-rfp-page/
