Canada Names Bridgewater Executive to Lead C$25B Fund

Karen Karniol-Tambour, Bridgewater Associates’ co-chief investment officer, will become the inaugural CEO of Canada’s C$25 billion Canada Strong Fund, Prime Minister Mark Carney announced. The fund is intended to invest on commercial terms in domestic companies and major infrastructure and nation-building projects, alongside private investors, aiming to generate returns and support Canadian businesses. It is expected to operate at arm’s length from the government with an independent board; plans also include a retail investment product that would let Canadians share in its returns. Karniol-Tambour has worked at Bridgewater since 2006 and held senior investment leadership roles, including firm-wide co-CIO since 2023.