Welcome to the website for Herald Investment Management Limited (HIML). These pages provide a brief introduction to HIML and details of the funds it manages, currently Herald Investment Trust (HIT), the Herald Worldwide Fund (HWF) and Herald Ventures LP (HVLP).
These pages are regularly updated to include up-to-date financial and performance data, but please feel free to contact us with comments, or to request further information. It is important that you read the notice below before proceeding, as it explains certain legal and regulatory restrictions which apply to the information contained in this website.
The information provided in this website is solely for use by individuals who are resident in the United Kingdom and are subject to UK tax and is not intended for, and should not be regarded as an offer or solicitation to sell investments in any jurisdiction other than the UK.
Individuals who are not resident in the UK should not continue as it may be contrary to local laws or regulations to receive information in connection with, or to apply for, a UK investment. In particular, Herald Investment Trust (HIT) shares are not registered under United States securities law and, subject to limited exceptions, may not be offered, sold, transferred or delivered in the United States or to US persons. By proceeding, you are representing and warranting that you are not resident in, or a citizen of, a jurisdiction outside the UK.
Stock market and currency movements may cause the capital value of shares and the income derived from them to go down as well as up, and investors may get back less than they invested. Past performance is not necessarily a guide to future performance. The value of any tax relief you may be entitled to will depend on your individual circumstances. Tax rates, and reliefs, as well as the tax treatment of PEPs, may be changed by future legislation.
This web site is approved for purposes of UK regulation, by Herald Investment Management Ltd (HIML). It is not to be considered as investment advice. Herald Investment Management Ltd is authorised and regulated by the Financial Services Authority.
Although we have taken reasonable care to ensure that the facts contained in these pages are accurate, no representation or warranty, express or implied, is made to its accuracy or completeness.
The information herein is not for distribution outside the UK. Under no circumstances should this information, or any part of it be copied, reproduced or redistributed. No rights of any kind are licensed or assigned or shall otherwise pass to persons accessing this information.
If you are in any doubt about any of the information contained herein please consult your stockbroker, solicitor, accountant or other professional adviser.
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Julian Cazalet (Chairman), was appointed to the Board in 2008 and became Chairman in 2009. He was managing director – corporate finance at JPMorgan Cazenove until his retirement in December 2007. A Chartered accountant he joined Cazenove in 1973 and was made a Partner in 1978. From 1989 he worked in Corporate Finance and advised investment trusts in addition to his work with industrial and commercial companies. He is a director of Deltex Medical Group plc, Charles Taylor plc, Private Equity Investor plc and a number of charitable trusts.
Tim Curtis was appointed to the Board in 2004. He was chief executive of Zetex plc (formerly Telemetrix PLC), and is non-executive chairman of RaceCourse Technical Services Ltd. Former non-executive directorships were with IBS OPENSystems plc between 2005 and 2008, TVS Entertainment plc, Dobson Park Industries plc and Pace Micro Technology plc. Tim was previously a director of Unitech plc.
Douglas McDougall, OBE was appointed to the Board in 2002 and is Chairman of the Audit Committee and the senior independent director. He has extensive experience in the fund management industry and is a former senior partner of Baillie Gifford & Co. He
is chairman of The Law Debenture Corporation plc, The European Investment Trust plc, The Independent Investment Trust PLC and The Scottish Investment Trust PLC and is a director of The Monks Investment Trust PLC and Pacific Horizon Investment Trust PLC. He is a former chairman of IMRO, of the Association of Investment Companies and of the Fund Managers’ Association.
Stewart Newton was appointed to the Board in 2012. He is chairman of Veritas Investment Management LLP and is non-executive director of Solon Ventures Limited. He was the founder and executive chairman of Newton Investment Management from 1977–2002. He also sits on the Investment Advisory Committee of The Wellcome Trust and is a Council Member at Imperial College, where he is chairman of the committee managing the College Fund.
Tom Black was appointed to the board in 2013. He is the Executive Chairman of Digital Barriers plc. Prior to joining Digital Barriers, Tom spent over 20 years with Detica Group plc, following studies at the Universities of Strathclyde and Oxford. Having led the £12m management buyout of Detica in 1997 and the Group’s flotation on the London Stock Exchange in April 2002, he then oversaw the acquisition of Detica by BAE Systems in 2008 for £538m. He is currently also a Non-Executive director of Pinnacle Technology Group plc, a director of Grantdean Ltd and Vantage Racing Ltd and a trustee of the Black Family Charitable Trust.