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Canada Taps Senior Bridgewater Executive to Manage Sovereign Wealth Fund

Provided by Dow Jones Nov 9, 2026, 3:47:00 PM

By Paul Vieira

OTTAWA--Canadian Prime Minister Mark Carney named the co-chief investment officer at Bridgewater Associates, Karen Karniol-Tambour, as the head of the country's new sovereign wealth fund.

Karniol-Tambour's appointment marks the next step in Carney's effort to jump start the construction of so-called national projects, and help promising domestic startups expand.

The Canada Strong Fund, unveiled earlier this year, will start with a capital commitment of 25 billion Canadian dollars (US$17.7 billion). Last week's annual budget plan said individual Canadians could participate in the fund's returns through the purchase of government-issued notes.

Write to Paul Vieira at paul.vieira@wsj.com

(END) Dow Jones Newswires

November 09, 2026 10:47 ET (15:47 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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