Carney names first CEO of Canada’s sovereign wealth fund
OTTAWA — Prime Minister Mark Carney has recruited another global investment executive to his government, this time to helm Canada's first sovereign wealth fund.
OTTAWA — Canada’s Prime Minister Mark Carney has appointed Karen Karniol-Tambour as the inaugural CEO of the nation’s first sovereign wealth fund, the Canada Strong Fund. Karniol-Tambour, co-chief investment officer at U.S.-based Bridgewater Associates, a titan of the global asset management industry, will lead the fund at arm’s-length from government with its own independent board of directors.
A Canadian citizen, Karniol-Tambour has been recognized seven years in a row by Barron’s magazine as one of the 100 most influential women in U.S. finance. The Canada Strong Fund was unveiled last spring by Carney, who announced an initial capital commitment of $25 billion and a retail investment component that allows individual Canadians to invest and potentially share in the fund’s returns.
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