# Pharo Management, Inc.

> Pharo Management, Inc. is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 141216
- Filed as: PHARO MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/141216
- AdvisorCensus page: https://advisorcensus.com/firm/pharo-management-inc-new-york-ny-141216

## Quick answers

**How is Pharo Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Pharo Management, Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Pharo Management, Inc. located?**
Pharo Management, Inc.'s principal office is in New York, NY, according to its Form ADV.

**Is Pharo Management, Inc. registered with the SEC or a state?**
Pharo Management, Inc. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 141216.

**How much does Pharo Management, Inc. manage?**
Pharo Management, Inc. reports $14,616,287,000 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Pharo Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Pharo Management, Inc.: Regulatory assets under management: $29,401,671,484 in the October 2021 data and $14,616,287,000 in the October 2026 data, down 50%. Total employees: 39 in October 2021 and 48 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Pharo Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Does Pharo Management, Inc. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/141216

**What changed in Pharo Management, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $12,420,959,000 to $14,616,287,000 (+18%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $14,616,287,000
- Discretionary: $14,616,287,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $14,616,287,000 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 48 total, 14 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $29,401,671,484 | 39 | March 26, 2021 |
| October 2022 | $17,945,203,411 | 40 | March 31, 2022 |
| October 2023 | $18,214,973,778 | 43 | September 22, 2023 |
| October 2024 | $17,833,075,000 | 45 | September 26, 2024 |
| October 2025 | $12,420,959,000 | 47 | March 28, 2025 |
| October 2026 | $14,616,287,000 | 48 | March 31, 2026 |

Regulatory assets under management: $29,401,671,484 in the October 2021 data and $14,616,287,000 in the October 2026 data, down 50%.
Total employees: 39 in October 2021 and 48 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $12,420,959,000 to $14,616,287,000 (+18%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pharo Management, Inc. (CRD 141216): Form ADV filing data as of October 2026.