This statement is made by Pharo Advisors UK Limited (the “Company”) pursuant to section 172 of the Companies Act 2006 in respect of the financial year ended 31 December 2020.

 

Section 172(1) statement

The directors have regard to the matters set out in Section 172 (a) to (f) of the Companies Act 2006 when performing their duties under s172. The directors believe that they have satisfied these requirements in their dealings with key stakeholders as per these requirements, for example, by having regard to employees’ wellbeing as described below, working closely with both customers and investors, having low payment days in relation to suppliers and ensuring that up to date information is conveyed to the key stakeholders in the business.

As its main activity is the provision of services to Pharo Management (UK) LLP, the Company is dependent on its human resources.  The Company therefore places a high importance on the wellbeing of its staff and invests in training and development programs for all personnel.