Investments, Blind Trusts and Mark Carney
Why Potential Conflicts of Interests are a Red Herring
Doug Anderson
Jul 29, 2025
Mark Carney is apparently a fairly wealthy man. Wealthy people have to put their money somewhere and most of them are smart enough to realize that the bank is neither the best place nor the safest.
The disclosure of the assets that Carney put into a blind trust shows that he had investments in more than 560 companies through a third-party managed account, That 3rd party will be an investment company that is likely managing the wealth of numerous people and they have the expertise and the technology to pick stocks with good growth potential and below average volatility. They would have been operating under general guidelines set out by the portfolio owner. (e.g. no coal, no napalm, yes to clean energy, yes to innovation, etc.)
Beyond that, the owner would have little involvement and would … More