* As at 31 March 2012. Please note the total AUM figure for Hermes Fund Managers Limited (“HFM”) includes £3.8 billion of assets that are managed by Hermes GPE LLP (“HGPE”), which is a joint venture between HFM and GPE Partner Limited. HGPE is an independent entity and not part of the Hermes group. **Pension Funds and Their Advisors 2010