Karen Karniol-Tambour to Lead Canada Strong Fund
Karen Karniol-Tambour is leaving Bridgewater Associates to become the inaugural CEO of Canada's first national sovereign wealth fund.
Bridgewater Associates co-chief investment officer Karen Karniol-Tambour is departing the firm after 20 years to serve as the inaugural CEO of the Canada Strong Fund. The appointment marks a transition into public service for Karniol-Tambour, who also held the role of co-chief investment officer for sustainability at the hedge fund.
The Canada Strong Fund is the first national sovereign wealth fund for Canada. Established in April by Prime Minister Mark Carney, the fund began with an initial endowment of C$25 billion. These assets are designated for investment in major domestic projects across the country.
Nir Bar Dea, the chief of Bridgewater Associates, expressed gratitude for Karniol-Tambour's contributions to the firm and noted that the move provides an opportunity for her to serve her country.
