Key facts
- Bridgewater chief Nir Bar Dea announced the departure in a statement to Reuters.
- Bar Dea said Karniol-Tambour, a Canadian, would serve her country through public service.
- Bridgewater manages about $102 billion of assets, according to the report.
- The Canada Strong Fund was launched to invest in major domestic projects.
Karen Karniol-Tambour will leave Bridgewater Associates after two decades to become the inaugural CEO of the Canada Strong Fund, Bridgewater chief Nir Bar Dea said in a statement to Reuters on November 9, 2026.
The Canada Strong Fund is Canada's first national sovereign wealth fund. Prime Minister Mark Carney launched it in April with an initial endowment of C$25 billion to invest in major domestic projects.
Bar Dea said: "As a proud Canadian, this is an opportunity for Karen to serve her country and take on the important work of public service." He added that the firm was grateful for her contributions and wished her success.
Karniol-Tambour joined Bridgewater in 2006 as head of investment research. She became co-chief investment officer for sustainability in 2021 and was appointed co-chief investment officer in 2023.
Bridgewater manages about $102 billion of assets, according to the report, and has in recent years bet on new strategies, including a fund that uses AI to make investment decisions. The report cited a rate of $1 = 1.4101 Canadian dollars.