Pharo Management
Pharo Management is a hedge fund founded in 2000 by Guillaume Fonkenell. Pharo trades foreign exchange, sovereign credit and interest rate markets in over 70 countries across Asia, Central and Eastern Europe, the Middle East and Africa, Latin America, as well as developed markets and manages roughly $10 billion across four funds as of April 2018 from their offices in London, New York and Hong Kong. The name "Pharo" comes from the word "Φάρος" in Greek which was later adopted by latin languages like French.
In early 2019 Guillaume Fonkenell, founder of Pharo, told investors he returned $300 million that his hedge fund had been managing to Saudi Arabia's central bank, known as the Saudi Arabian Monetary Authority, or SAMA. Fonkenell said he was upholding his firms principles in response to the murder of Saudi journalist Jamal Khashoggi, who is thought to have been killed by officials of the Saudi Arabian government. Pharo is the first hedge fund which refused to manage money coming from Saudi Arabia.
