Karen Karniol-Tambour to leave Bridgewater to lead Canada's sovereign fund
Monday, November 9, 2026 · first reported by Hedgeweek and 2 others
Karen Karniol-Tambour is leaving Bridgewater Associates to become the first chief executive of the Canada Strong Fund, Canada's new sovereign wealth fund. Prime Minister Mark Carney announced the appointment on 9 November. She joined Bridgewater in 2006 and has been co-chief investment officer since 2023.
The fund started in April with C$25bn. Under Budget 2026 plans it becomes an independent Crown corporation, initially a wholly owned subsidiary of the Canada Development Investment Corporation. It will invest on commercial terms in infrastructure and strategic Canadian businesses, and a retail investment component is planned.
- Fund
- Canada Strong Fund
- People
- Karen Karniol-Tambour
- Asset class
- Hedge funds
- Geography
- North America
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