Last week, the world’s largest hedge fund Bridgewater Associates (Bridgewater Associates) announced the latest personnel appointments. Karen Karniol-Tambour was officially promoted to co-investment chief, and together with Bob Prince and Greg Jensen as full partners, leading the investment committee. She is also a member of Bridgewater since 1975. The first female investment chief since its establishment in 2009.
Karniol-Tambour, who is only 37 years old, joined Bridgewater after graduating from Princeton University in 2006. In 16 years, Karniol-Tambour started as an investment assistant at the grassroots level. With his outstanding performance, he was promoted rapidly. At the age of 31, he became the youngest research director of Bridgewater. He was also personally selected by the founder Ray Dalio to respond to the global financial tsunami. think tank.
Born in Israel, Karniol-Tambour grew up in the seaside town of Netanya, the daughter of professors who majored in psychology and aerospace engineering. When she was studying, she was good at computers and physics, but she participated in a summer camp at the age of 14, which inspired her thinking and yearning for “peace”, which also prompted her to enter the School of International and Public Affairs at Princeton University.
“I have a stereotype that finance is doing presentations.” When she entered Princeton University at the age of 17, she didn’t even know what stocks were, and she never thought that she would work in the financial industry. “I think I’m going to be a professor, like my parents,” she said.
Such thinking was changed by Karniol-Tambour’s thesis advisor. The mentor is Daniel Kahneman, an Israeli-American psychologist. He combined psychology research with economics research, thus becoming the founder of this new field and winning the Nobel Prize in Economics in 2002. Influenced by his mentor, Karniol-Tambour saw a more interesting side of the financial world, and after graduating in 2006, he joined Bridgewater.
At Bridgewater, Karniol-Tambour started his job as an investment assistant, researching bonds with longtime Bridgewater co-investor Robert Prince. Soon, Karniol-Tambour was drawn to what Bridgewater was doing and the wisdom of his team members. “I’m attracted to people who are really intellectually curious, who really want to know how things work,” she said in an interview. Verify it.”
In 2008, when the subprime mortgage crisis broke out, Dalio set up a think tank himself, and 23-year-old Karniol-Tambour was among them. Later, with his outstanding performance, Karniol-Tambour was promoted all the way, becoming one of the few people who knew all of Bridgewater’s investments best.
In 2013, Karniol-Tambour was promoted to head of investment research, leading the most important work of Bridgewater at that time, creating a new systematic investment field, and further building the Bridgewater portfolio system. In 2021, Karniol-Tambour takes over as Co-CIO for Sustainability, working with Carsten Stendevad to align sustainability factors with risk and reward, and holds a key executive role on Bridgewater’s Investment and Business Council.
Now Karniol-Tambour is the co-investor of Bridgewater and has become one of the most influential investors on Wall Street. This is particularly noticeable in the male-dominated Wall Street.
“This is another milestone in Karniol-Tambour’s remarkable career. Over the past 16 years, she has become a trusted advisor to clients, a role model for our rising stars, and one of our most important leaders at the forefront of a new generation One,” co-chief executive Nir Bar Dea said in an internal letter on Thursday.
Announcing the appointment, Greg Jensen said, “I’ve known Karniol-Tambour since she joined Bridgewater her senior year and have always admired her for living our values. We are fortunate to be She comes to lead Bridgewater, and we are excited to have her work even more closely with our leadership team.”
