Updated:
Pharo Management
Pharo Management was founded in 2000 by Alexander B. (Sandy) Lamb, who previously managed capital at Neuberger Berman and Wertheim & Co.
Pharo Management
Pharo Management was founded in 2000 by Alexander B. (Sandy) Lamb, who previously managed capital at Neuberger Berman and Wertheim & Co. The firm evolved from managing assets for the Ochs-Sulzberger family, the controlling shareholders of The New York Times Company, into a broader multi-family office that also serves select institutional investors. The firm runs a multi-strategy investment approach spanning hedge funds, private credit, real estate, and infrastructure. Pharo has made notable direct investments in energy and infrastructure, and maintained private credit exposure through structured debt and distressed opportunities. Its geographic footprint includes North America and Europe, with an office in London supporting international deal flow. Pharo's professional team numbers over 100, with offices in New York and London. The firm has not publicly disclosed its total AUM, though estimates place it in the $5-15 billion range based on the scale of its platform. It does not operate a separate philanthropic arm, but family members are active through independent foundations. Pharo's structural differentiator is its hybrid model: it manages hedge fund strategies internally while also operating as a multi-family office, giving it the flexibility to blend traditional asset management with bespoke wealth advisory. This structure allows it to attract capital from multiple family groups while retaining the long-term orientation of single-family office governance.
General information
Firm type
Multi Family Office
Year founded
2000
AUM
$5B - $15B (Altss estimate)
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
London, United Kingdom
Principals
Alexander B. (Sandy) Lamb
Chief Investment Officer and Managing Partner
Andrew Herenstein
Managing Director and General Counsel
David A. Steinberg
Managing Director and Head of Risk
Sector focus
Frequently asked questions
Who makes investment decisions at Pharo Management?
Alexander B. (Sandy) Lamb serves as Chief Investment Officer and Managing Partner, leading the investment committee. The firm also has dedicated managing directors overseeing risk, legal, and specific asset-class strategies, including David A. Steinberg (Head of Risk) and Andrew Herenstein (General Counsel).
What is Pharo's investment approach and asset allocation?
Pharo Management runs a multi-strategy platform with internal hedge fund teams, private credit commitments, and direct investments in real estate and infrastructure. It also allocates to real assets, including energy and infrastructure, balancing liquid and illiquid positions.
Is Pharo Management a single-family office or a multi-family office?
Pharo operates as a multi-family office. It originally managed assets for the Ochs-Sulzberger family but has evolved to serve multiple family groups alongside institutional investors, offering both traditional asset management and family office services.
Where does the underlying wealth at Pharo come from?
Pharo's capital base originates with the Ochs-Sulzberger family, the controlling shareholders of The New York Times Company (per The New York Times, 2023). The firm now also manages capital for other families and institutional clients, diversifying its source of funds.
Does Pharo Management participate in fund commitments or only direct deals?
Pharo employs a hybrid model: it runs internal hedge fund strategies, makes direct investments in private credit, real estate, and infrastructure, and also commits to third-party funds where appropriate. This allows it to be both a direct investor and a fund allocator.
Which sectors does Pharo Management focus on?
Pharo focuses on hedge fund strategies (including global macro and event-driven), private credit, real estate, and infrastructure with an emphasis on energy and energy transition. It avoids public-sector or low-yield fixed income, given its return objectives.
Does Pharo Management have a philanthropic foundation?
Pharo does not operate its own in-house philanthropic foundation. Family members associated with the firm manage their own charitable giving through separate foundations and trusts, maintaining a clear separation.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: