Monday, May 27, 2024

Bridgewater names Karen Karniol-Tambour co-CIO

  • Karniol-Tambour has been with firm for 16 years, most recently as sustainability co-CIO
  • Firm told clients and staff about promotion in note on Thursday
  • This is a free AFI article. Discover a world of alternative insight with membership

Karen Karniol-Tambour has been named co-chief investment officer at Bridgewater Associates, alongside Bob Prince and Greg Jensen.

Karniol-Tambour joined the world’s largest hedge fund manager in 2006 as a fixed-income investment associate and rose to head of investment research seven years later.

In 2021 she became co-CIO for sustainability, launching the firm’s first portfolios that incorporate sustainability considerations alongside risk and return, in partnership with Carsten Stendevad.

“I’ve known Karen since I recruited her to Bridgewater as a college senior, and for all that time, I’ve admired how she lives our values,” said Jensen. “In particular her courage, her deep care for others, and her creativity and tenacity in the face of our most important challenges and opportunities.”

He added that she has led on much of Bridgewater’s most important work, including “developing many new areas of systemised investment understanding and evolving our portfolio construction,” during her time as research head.

Bridgewater informed clients and staff of the move on Thursday.

It follows the departure in December of Rebecca Patterson, chief investment strategist, after three years with the firm.

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