Karen Karniol-Tambour named first CEO of Canada Strong Fund

Prime Minister Mark Carney has named Karen Karniol-Tambour as the first chief executive officer of the Canada Strong Fund. Carney announced the appointment on November 9, 2026, in a news release from his office.

Carney has described the fund as Canada's first national sovereign wealth fund, a government-owned investment fund operating at the national level. He first announced the fund in April. It has not yet launched, and it will start with an initial capital commitment of $25-billion.

Karniol-Tambour is a Canadian citizen. According to The Globe and Mail, she joined Bridgewater Associates, a U.S.-based firm, in 2006 and has served as its co-chief investment officer since 2023.

Reuters reported that she will leave Bridgewater after two decades to become the inaugural CEO of the fund.