General Counsel

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 and Hong Kong and currently manages $7 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 nearly 100 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 125 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 for 12-18 months 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, including drafting employment and severance agreements, and developing onboarding and offboarding protocols.
• 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 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- $200,000-$300,000/year

Work status and location:

• Full time in New York.