<SEC-DOCUMENT>0001085146-12-000078.txt : 20120126
<SEC-HEADER>0001085146-12-000078.hdr.sgml : 20120126
<ACCEPTANCE-DATETIME>20120125215759
ACCESSION NUMBER:		0001085146-12-000078
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20111231
FILED AS OF DATE:		20120126
DATE AS OF CHANGE:		20120125
EFFECTIVENESS DATE:		20120126

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pharo Management LLC
		CENTRAL INDEX KEY:			0001478032
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-13630
		FILM NUMBER:		12545946

	BUSINESS ADDRESS:	
		STREET 1:		1370 AVENUE OF THE AMERICAS
		STREET 2:		SUITE 2603
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		(212) 641-8686

	MAIL ADDRESS:	
		STREET 1:		1370 AVENUE OF THE AMERICAS
		STREET 2:		SUITE 2603
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>pharo4q2011r.txt
<DESCRIPTION>PHARO MANAGEMENT LLC
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                    Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: December 31, 2011

Check here if Amendment [  ]; Amendment Number:
This Amendment (Check only one.): [  ] is a restatement.
                                  [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:    Pharo Management LLC
Address: 1370 Avenue of Americas
         Suite 2603
         New York, NY  10019

13F File Number:  028-13630

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:      Jeff Hanlon
Title:     Chief Financial Officer
Phone:     (212) 641-8686

Signature, Place, and Date of Signing:

 /s/  Jeff Hanlon     New York, NY     January 25, 2012

Report Type (Check only one.):

[ X]         13F HOLDINGS REPORT.

[  ]         13F NOTICE.

[  ]         13F COMBINATION REPORT.

<PAGE>

                              FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:         4

Form 13F Information Table Entry Total:    7

Form 13F Information Table Value Total:    $37,007 (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.

No.  13F File Number               Name

01   028-13631                     Pharo Management UK LLP
02   028-13633                     Pharo Advisors UK Ltd.
03   028-13632                     Pharo Global Advisors Ltd.
04   028--14144                    Pharo Management (HK) Limited

<PAGE>

<TABLE>                       <C>             <C>
                                                     FORM 13F INFORMATION TABLE
                                                             VALUE  SHARES/ SH/ PUT/ INVSTMT  OTHER            VOTING AUTHORITY
NAME OF ISSUER                 TITLE OF CLASS   CUSIP     (x$1000)  PRN AMT PRN CALL DSCRETN MANAGERS         SOLE   SHARED     NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
APPLE INC                      COM              037833100    12150    30000 SH  PUT  OTHER   01 02 03 04     30000        0        0
BANCO BRADESCO S A             SP ADR PFD NEW   059460303     3002   180000 SH       OTHER   01 02 03 04    180000        0        0
ISHARES INC                    MSCI BRAZIL      464286400     2296    40000 SH  PUT  OTHER   01 02 03 04     40000        0        0
ISHARES INC                    MSCI TURKEY FD   464286715     2907    70650 SH       OTHER   01 02 03 04     70650        0        0
ISHARES TR                     MSCI EMERG MKT   464287234      311     8200 SH  PUT  OTHER   01 02 03 04      8200        0        0
ITAU UNIBANCO HLDG SA          SPON ADR REP PFD 465562106     3341   180000 SH       OTHER   01 02 03 04    180000        0        0
SELECT SECTOR SPDR TR          SBI INT-FINL     81369Y605    13000  1000000 SH       OTHER   01 02 03 04   1000000        0        0
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>