[Bridgewater Co-CIO Resigns to Become First CEO of Canada's Sovereign Wealth Fund] According to Global Markets, Bridgewater's Co-Chief Investment Officer, Karen Karniol-Tambour, will resign to take the helm of Canada's newly established sovereign wealth fund, the Canada Strong Fund, as its first CEO. The Canada Strong Fund is one of the policy initiatives strongly promoted by Canadian Prime Minister Mark Carney, who aims to strengthen Canada's key strategic industries, with a crucial element being reducing the country's economic dependence on the United States. The fund has an initial capital of C$25 billion (US$17.7 billion), funded by the federal government, and will invest solely in Canadian businesses and projects, seeking long-term returns. The 41-year-old Karniol-Tambour has worked at Bridgewater since graduating from Princeton University in 2006.