Prime Minister Mark Carney’s office says Karen Karniol-Tambour will be the inaugural chief executive of the Canada Strong Fund.
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Prime Minister Mark Carney’s office says Karen Karniol-Tambour will be the inaugural chief executive of Canada’s first sovereign wealth fund, the Canada Strong Fund.
The Prime Minister’s Office says Karniol-Tambour is the co-chief investment officer at U.S.-based Bridgewater Associates, which it describes as one of the world’s largest asset managers.
According to a biography provided by Carney’s office, Karniol-Tambour is a Canadian citizen and has been named one of the 100 most influential women in U.S. finance by Barron’s for seven years running.
The Prime Minister’s Office says the Canada Strong Fund will be run at arm’s length from government, with its own independent board of directors.
Carney unveiled plans for the sovereign wealth fund last spring, including an announcement of an initial capital commitment of $25 billion and a retail component that would let individual Canadians invest and potentially share in the fund’s returns.
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