General Counsel

Pharo Management; New York (NY); On-site; USD 250,000 - 300,000; Full time

Job summary

Pharo Management is seeking a General Counsel for its New York office. This role involves overseeing all legal aspects of firm operations while working closely with senior partners. The ideal candidate will possess strong regulatory knowledge, drafting experience, and extensive communication skills.

The position offers an annual salary range of $250,000-$300,000, commensurate with qualifications and experience. This is an opportunity to join a leading macro hedge fund renowned for its commitment to an inclusive culture.

Qualifications

• 7-10 years’ experience in hedge fund legal department or hedge fund practice of a law firm.

Responsibilities

• Become involved in operational aspects of firm management.
• Preparation and interpretation of fund governing documents.
• Draft and negotiate agreements with banks and brokers.
• Develop firm-wide legal documentation standards.
• Advise senior partners on litigation and regulatory matters.
• Manage relationships with outside counsel.

Skills

Investment Advisers Act of 1940

Alternative Investment Fund Managers Directive

MIFID II

Investment Company Act of 1940

Delaware corporate laws

New York corporate laws

Strong writing and communication skills

Job description

Job Description

General Counsel

Who we are:

Pharo Management is a leading global macro hedge fund with a focus on emerging markets. Founded in 2000, the firm has offices in London, New York, Hong Kong and Abu Dhabi and currently manages $8 billion in assets across four funds. Pharo trades foreign exchange, sovereign and corporate credit, local market interest rates, commodities, and their derivatives. We trade in over 70 countries across Asia, Central and Eastern Europe, the Middle East and Africa, Latin America as well as developed markets. Our investment approach combines macroeconomic fundamental research and quantitative analysis.

Pharo employs a diverse, dynamic team of 140 professionals representing over 20 nationalities and 30 languages. We have a strong corporate culture anchored in core values such as collaborative spirit, creativity, and respect. We are passionate about what we do and are committed to attracting the best and brightest talent.

This is a great opportunity to join a market leader and contribute to our continued success.

Job Description:

We are looking for a General Counsel to join our legal team in our New York office. The successful candidate will work in parallel with our existing General Counsel until June 2027 and will then assume the role of sole General Counsel upon the incumbent’s retirement. Responsibilities will include:

• Ability to become actively involved in all operational aspects of firm management to promote culture and vision of senior partners.
• Responsible for preparation, implementation, and interpretation of fund governing documents, for fund and investment level structuring, for managing fund closing processes and for negotiation and execution of investor subscription and side letter documentation.
• Drafting and negotiating agreements with banks and brokers, including ISDA Master Agreements and Schedules, Credit Support Annexes, Global Master Repurchase Agreements, Cleared Derivatives Execution Agreements, Prime Broker Agreements and Custody Agreements.
• Develop and maintain firm-wide legal documentation standards to ensure consistent practices across all firm contracts and fund investments.
• Advise senior partners on litigation, regulatory, governance and transactional matters.
• Manage relationships with outside counsel, including US, UK and Cayman.
• Manage corporate governance process for funds including frequent interaction with fund directors and managing quarterly board of directors meeting.
• Forming, liquidating and dissolving domestic and foreign corporations, limited liability companies and limited partnerships; drafting notices and resolutions and attending generally to corporate governance matters.
• Work with senior management on insurance, intellectual property, data privacy, and work with CAO on employment matters.
• Work with the Compliance Department on various matters such as:
• Interface with regulators during examinations.
• Evaluation of MNPI facts and circumstances to determine restrictions and course of actions.
• Identification and disclosure of conflicts of interest.

Required qualities/experience:

• Detailed knowledge of the Investment Advisers Act of 1940 and the rules regulating investment advisers. Knowledge of investment advisory requirements pursuant to FCA, HK SFC, and CPO requirements pursuant to CFTC and NFA.
• Proficiency with the Alternative Investment Fund Managers Directive of the EU (and its counterpart in the UK) and MIFID II.
• Proficiency with the Investment Company Act of 1940 and the Securities Act of 1933, and familiarity with ERISA and federal income tax principles as they relate to private funds and private fund advisers.
• Proficiency with Delaware and New York corporate, LLC and partnership laws.
• Knowledge of applicable sanctions and actions on investments.
• Understanding of third-party due diligence requirements including required contractual terms when third party is delegated regulatory functions.
• Strong writing and communication skills.
• 7-10 years’ experience in hedge fund legal department or hedge fund practice of a law firm.

Pay Range in New York:

• Exact compensation may vary based on skills, experience, and location.
• Base salary- $250,000-300,000/year.

Work status and location:

• Full time in New York.