LILLEY: Carney’s sovereign wealth fund pick is more global than Canadian
The woman tapped to run the Canada Strong Fund has an impressive résumé, deep ties to global institutions and Democratic circles, but little public connection to Canada itself.
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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- Carney names first CEO of Canada’s sovereign wealth fund toronto.citynews.ca
- Carney reveals first CEO of Canada Strong Fund for sovereign wealth globalnews.ca
