Karen Karniol-Tambour, co-Chief Investment Officer at Bridgewater Associates, is leaving the firm to become the first CEO of the newly established Canada Strong Fund, a sovereign wealth fund championed by Canadian Prime Minister Mark Carney. The fund launched with an initial injection of CAD 25 billion (USD 17.7 billion) from the federal government and will invest exclusively in Canadian businesses and projects to strengthen strategic industries and reduce economic dependence on the United States. Karniol-Tambour, 41, has been with Bridgewater since graduating from Princeton University in 2006. She was appointed co-CIO in 2023 alongside Greg Jensen and Bob Prince during a major restructuring led by CEO Nir Bar Dea, overseeing Bridgewater's Asia strategy including its China investment management operations. A source close to the matter indicated that Bridgewater has no plans to hire or promote a replacement for her role. The firm retains two deputy CIOs, Ben Melkman and David Trinh, in addition to Jensen and Prince.