🚨Ray Dalio stepped away from Bridgewater. Now one of the leading figures in its next generation of investment leadership is leaving too
On November 9, Canadian Prime Minister Mark Carney named Bridgewater co-CIO Karen Karniol-Tambour the first CEO of the Canada Strong Fund, which has an initial capital commitment of C$25 billion.
Her entire career had been at Bridgewater. She joined in 2006 straight out of Princeton, starting as an investment associate. Just two years later, the financial crisis hit. At 23, Dalio picked her for the team studying the crisis—figuring out how money, credit and debt interacted while markets were falling apart.
By 2023, at 37, she had become Bridgewater’s first female CIO. Seventeen years at one firm, from an entry-level role to sharing responsibility for its investment decisions.
She was also the youngest of its three co-CIOs, with plenty of room to help shape Bridgewater’s future. That’s already about as high as you can climb in the hedge fund world.
Now she’s taking on something very different: building a national investment fund from the ground up.
And according to Bloomberg, Bridgewater has no plans to hire or promote anyone to replace her #Dalio #Bridgewater
On November 9, Canadian Prime Minister Mark Carney named Bridgewater co-CIO Karen Karniol-Tambour the first CEO of the Canada Strong Fund, which has an initial capital commitment of C$25 billion.
Her entire career had been at Bridgewater. She joined in 2006 straight out of Princeton, starting as an investment associate. Just two years later, the financial crisis hit. At 23, Dalio picked her for the team studying the crisis—figuring out how money, credit and debt interacted while markets were falling apart.
By 2023, at 37, she had become Bridgewater’s first female CIO. Seventeen years at one firm, from an entry-level role to sharing responsibility for its investment decisions.
She was also the youngest of its three co-CIOs, with plenty of room to help shape Bridgewater’s future. That’s already about as high as you can climb in the hedge fund world.
Now she’s taking on something very different: building a national investment fund from the ground up.
And according to Bloomberg, Bridgewater has no plans to hire or promote anyone to replace her #Dalio #Bridgewater
