Former ATP CEO and Karen Karniol-Tambour to Head Bridgewater’s Sustainable Investing Group

Posted on 04/18/2021

Bridgewater Associates, which has roughly US$ 150 billion in assets under management, named two co-CIOs for its sustainable investing group. The two co-CIOs are Karen Karniol-Tambour and Carsten Stendevad.

Karniol-Tambour is previously Bridgewater’s head of investment research. She joined Bridgewater in 2006.

Stendevad is a Bridgewater senior investment executive (joined in February 2017) and will lead efforts on the design and implementation of sustainable investments with clients pursuing sustainability goals alongside their financial targets. Stendevad was CEO of Danish investment giant ATP from January 2013 to December 2016.

Karniol-Tambour and Stendevad will also serve as co-chairs of Bridgewater’s new sustainable investing committee.

“Sustainable investing is a strategic priority for Bridgewater and for our clients,” said David McCormick, Bridgewater’s CEO, in the news release. “Understanding the economic impact of environmental, social, and governance issues has always been crucial to our study of how economies and markets operate, and it is an increasing priority for our clients to achieve financial goals as well as have environmental and social impacts in their portfolios.”

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