Prime Minister Mark Carney appointed Karen Karniol-Tambour, co-chief investment officer at U.S.-based hedge fund Bridgewater Associates, as the first CEO of the Canada Strong Fund. The new $25-billion sovereign wealth fund will operate as a Crown corporation, investing in major nation-building projects and strategically important Canadian companies to strengthen the economy and generate long-term wealth. Karniol-Tambour, who has spent nearly two decades at Bridgewater, will transition into her new role in the coming weeks, bringing extensive global investment experience and strong ties to Canada's financial sector.
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