Ontario First Nations Sovereign Wealth Makes Inaugural Investment in Hydro One

Posted on 01/09/2018


Ontario First Nations Sovereign Wealth LP – a newly formed sovereign wealth fund jointly owned by 129 First Nations communities in Ontario, Canada – has completed its first transaction with the purchase of roughly 14,391,012 common shares representing a 2.4% stake in provincial electric utility Hydro One Limited for C$ 259,038,216 (US$ 205,852,000). The fund […]