Where We're At.

Bridgewater's Karen Karniol-Tambour on economies and markets.

“Where are we at?” and “where are we going?” are two questions about the economy that people ask, frequently. No one really knows. But there are some people whose commentary on these questions is exceptionally well-informed. One of those people is Karen Karniol-Tambour. From the Bridgewater.com website:

Karen Karniol-Tambour is Co-Chief Investment Officer at Bridgewater Associates, responsible for managing the company’s investment process. Karen oversees the systemization of Bridgewater’s research into trading strategies, manages the development of proprietary investment management models, directs the design and implementation of client investment strategies, and publishes timely market understanding to clients and global policy makers via Bridgewater’s Daily Observations. She also co-leads the firm’s Sustainable Investing efforts, overseeing the design of new investment solutions with both financial and sustainability objectives. Karen joined Bridgewater in 2006 after graduating from Princeton University. She serves on the boards of Search for Common Ground and Seeds of Peace. Karen is a World Economic Forum Young Global Leader, was included in Fortune’s "40 Under 40" most influential leaders in business in 2019, and has been named to Barron's list of "Most Influential Women in US Finance" for three years in a row.

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Bridgewater is the world’s largest hedge fund and home to some of the smartest people in finance, Karen (obviously) among them. She was interviewed recently by Jim Haskel, the editor of Bridgewater Daily Observations. Excerpts from that interview follow.