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).

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.

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.

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.

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.

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.

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.