InvestHedge: Hermes overhauls FoHF model

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Hermes is a multi-boutique asset manager, independent of any broader financial services organisation. Each Hermes operating entity is either a subsidiary of, or is otherwise affiliated to, Hermes Fund Managers Limited. The main operating entities within the Hermes group which carry on business under the name of "Hermes" are Hermes Investment Management Limited ("HIML"), Hermes Administration Services Limited ("HASL"), Hermes Equity Ownership Services Limited ("HEOS"), Hermes Real Estate Investment Management Limited ("HREIM"), Hermes BPK Partners LLP ("HBPK"). Hermes Sourcecap Limited ("HSL"), Hermes Fund Managers (North America) LP ("HFMNA") doing business as Hermes Global Equity Advisors; and Hermes Fund Managers (Australia) Pty Ltd ABN 46 143 252 948 ("HFMA"). Each of the above operating entities are separately authorised and regulated by the Financial Conduct Authority, except for HREIM, HEOS, HFMNA and HFMA. HIML currently conducts all regulated activities associated with HREIM. HIML, HBPK, HFMNA and HSL are all registered advisers with the United States Securities and Exchange Commission, ("SEC"). HFMA is registered with the Australian Securities and Investments Commission (ASIC) and holds Australian financial services license number 351784.

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