Head-to-head
Hudson River Trading vs Pharo Management
A direct, side-by-side comparison of Hudson River Trading and Pharo Management — profit splits, evaluation fees, payout cadence, supported assets, and trading rules. Data pulled live from our firm directory.
Quick verdict
Pharo Management is best for
traders who prefer Firm Capital and a London, UK-based firm.
Full Pharo Management profile →Cost & compensation
Cost and compensation path
Published fees and payout timing apply to trader-paid funding programs. Firm-capital and institutional paths are shown separately because their economics usually depend on hiring, allocation, salary, bonus, or profit-sharing terms.
Hudson River Trading
Firm CapitalNot applicable for this model
This is a firm-capital or hiring-based trading path, not a trader-paid funding program. Compensation is typically handled through salary, bonus, draw, allocation, or profit-sharing arrangements rather than a published evaluation fee and payout schedule.
Pharo Management
Firm CapitalNot applicable for this model
This is a firm-capital or hiring-based trading path, not a trader-paid funding program. Compensation is typically handled through salary, bonus, draw, allocation, or profit-sharing arrangements rather than a published evaluation fee and payout schedule.
Decision guide
Best for your trader type
- Highest profit share
50% vs —%
- News traders
Allows trading through news events.
| Attribute | Hudson River Trading Firm Capital · est. 2002 | Pharo Management Firm Capital · est. 2000 |
|---|---|---|
| Cost | ||
| Evaluation fee | — | — |
| Monthly fee | — | — |
| Evaluation required | No | No |
| Instant funding | No | No |
| Capital | ||
| Profit split | 50% | — |
| Max allocation | Institutional only | Institutional |
| Account sizes | Institutional only | Institutional |
| Scaling | — | — |
| Payouts | ||
| Frequency | Annual bonus | Quarterly |
| First payout | — | — |
| Assets | ||
| Futures | Yes | No |
| Stocks | Yes | No |
| Options | Yes | Yes |
| Forex | Yes | Yes |
| Crypto | Yes | No |
| Trading rules | ||
| News trading | Yes | — |
| Overnight holding | Yes | Yes |
| Weekend holding | Yes | Yes |
| Copy trading | No | No |
| Technology | ||
| Platforms | Proprietary | Internal |
| Data feed | — | — |
| Company | ||
| Headquarters | New York, USA | London, UK |
About Hudson River Trading
Quantitative trading firm responsible for roughly 5% of US equity volume. Builds mathematical models that trade across hundreds of venues worldwide using its own capital.
Full Hudson River Trading profile →About Pharo Management
Emerging markets macro hedge fund trading sovereign credit, FX and rates.
Full Pharo Management profile →Trust & stability
Reputation and rule-change activity
Two added decision signals: a weighted reputation score from independent review sources, and a 90-day view of structural rule-change activity where monitored sources are available.
Reputation
Not enough independent rating sources to compute a canonical score yet.
Rule Stability
last 90dWe do not currently have enough monitored public rule sources for this firm to report rule-change activity honestly.
Reputation
Not enough independent rating sources to compute a canonical score yet.
Rule Stability
last 90dWe do not currently have enough monitored public rule sources for this firm to report rule-change activity honestly.
Frequently asked
Common questions
- Which has a higher profit split — Hudson River Trading or Pharo Management?
- Hudson River Trading pays 50% of trader profits once funded.
- Is Hudson River Trading cheaper to start than Pharo Management?
- Hudson River Trading: evaluation pricing varies. Pharo Management: evaluation from —.
- Which pays out faster — Hudson River Trading or Pharo Management?
- Hudson River Trading payouts: Annual bonus. Pharo Management payouts: Quarterly. First-payout eligibility: Hudson River Trading — n/a; Pharo Management — —.
- Can I trade news at Hudson River Trading or Pharo Management?
- Hudson River Trading: permits news trading. Pharo Management: policy unconfirmed.
- Can I hold positions overnight at Hudson River Trading or Pharo Management?
- Hudson River Trading: allows overnight holds. Pharo Management: allows overnight holds.
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