Mark Carney’s choice to head up Canada’s sovereign wealth fund is a Democrat donor and Young Global Leader at the World Economic Forum.
asserted
choice → head → Forum
Karen Karniol-Tambour, a resident of the affluent town of Norwalk, Ct., and currently the co-chief investment officer of an American hedge fund, will soon head up the Canada Strong Fund.
asserted
Tambour → head → Fund
The Canada Strong Fund is the name given to the $25-billion sovereign wealth fund being set up by the Carney government entirely with debt.
asserted
Fund → give → debt
Not exactly a sovereign wealth fund when you need to borrow every penny.
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you → need → penny
Ms. Karniol-Tambour is described in the news release issued by Carney’s office as a Canadian citizen, and they describe her as returning to Canada.
asserted
they → describe → Canada
The trouble is, there is no public information that she ever lived in Canada, was educated in Canada, or worked here.
asserted
she → be → Canada
A profile of Karniol-Tambour by Forbes describes her as “born in Israel and grew up mostly in the seaside town of Netanya, with a two-year detour in the U.S.”
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profile → describe → U.S.
Her father, Yoram Tambour, has been a professor of aerospace at Technion in Haifa since 1995 but has been working at the school since 1982.
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father → work → 1982
Her mother, Rachel Karniol, was born in Israel, raised in Canada, and studied at the University of Toronto and the University of Waterloo before beginning her career as a professor of psychology at Tel Aviv University.
asserted
mother → bear → University
Her mother would explain how Karniol-Tambour has Canadian citizenship, but there is still no clear connection that would indicate that she is returning to Canada.
asserted
she → explain → Canada
Karniol-Tambour entered Princeton University at the age of 17.
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Tambour → enter → 17
After studying there, she started work immediately at Bridgewater Associates, described as one of the world’s largest hedge funds.
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she → study → funds
Her LinkedIn profile showcases a number of associations, charitable and otherwise.
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profile → showcase → associations
In addition to being a Young Global Leader at the World Economic Forum, Karniol-Tambour has served on the boards of the Truman Center for National Policy, the Atlantic Council and Seeds of Peace.
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Tambour → serve → Peace
She sits on the investment committee of Robin Hood, an organization set up to fight poverty in New York City, and she is a lifetime member of the Council on Foreign Relations.
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she → sit → Relations
Between 2016 and 2024, Karniol-Tambour donated roughly $20,000 to campaigns for numerous Democratic politicians, including Pete Buttigieg, Hillary Clinton, Joe Biden, Kamala Harris and Congressman Hakeem Jeffries.
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Tambour → donate → Buttigieg
A familiar Carney pattern
Her Democratic connections put her in good company in Carney circles.
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connections → put → circles
The chief operating officer in Carney’s PMO is Maia Johnson, a former campaign worker and donor for top Democrats before also moving into the finance world.
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officer → operate → world
Karniol-Tambour has an impressive résumé and a stellar career.
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Tambour → have → résumé
Saying that she is returning to a Canada that she’s never really lived in is a stretch.
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she → say → that
She is, like Carney and many of those in his circle, part of the group that Stephen Harper referred to as the “anywheres.”
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Harper → refer → anywheres
In his book Right Here, Right Now, Harper described the disconnect between those rooted to a place and the anywheres who were part of the global laptop class, the kind of people who show up at the World Economic Forum.
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who → describe → Forum
Well now, Karniol-Tambour has a very big job before her.
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Tambour → have → her
She has to take that $25 billion worth of borrowed money and do something with it to improve Canada’s fortunes.
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She → have → fortunes
She will be asked to do this on behalf of a risk-averse country while reporting to politicians who love to pick winners and losers, using money that belongs to the people to advance their pet projects.
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that → ask → projects
If Karniol-Tambour thought the cutthroat world of hedge funds in and around New York was a tough place to work, she ain’t seen nothin’ yet.
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she → think → nothin’
The Aporia
