Karen Karniol-Tambour to leave Bridgewater to lead Canada's sovereign fund
Karen Karniol-Tambour is set to leave Bridgewater Associates after two decades with the hedge fund manager to become the inaugural chief executive of Canada's new sovereign wealth fund, the Canada Strong Fund, according to a report by Reuters. Canadian Prime Minister Mark Carney announced the appointment on 9 November, bringing one of the world's most prominent institutional investment executives…
Karen Karniol-Tambour is set to leave Bridgewater Associates to become the inaugural chief executive of Canada's new sovereign wealth fund, the Canada Strong Fund, according to a report by Reuters. Canadian Prime Minister Mark Carney announced the appointment on November 9, bringing a prominent institutional investment executive into a new national investment platform designed to support major domestic projects and companies.
The fund was launched in April with an initial endowment of C$25bn and is intended to invest on commercial terms, providing capital for strategically important Canadian businesses and infrastructure while generating financial returns for the country.
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