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The investment team at HIML now includes seven fund managers,
two of whom are focused entirely on venture capital investments. Further
assistance is provided by five external consultants and in-house by a finance
director, financial controller and fouradministrative assistants. Back office
functions are outsourced to established and respected suppliers to ensure
an efficient and comprehensive support structure. HIML is based in Charterhouse
Square in central London.
With the launch of the first venture capital fund in 1999, followed by a
second in 2005, HIML now offers products which invest in all sizes of companies,
all within the specialist remit of information technology, media and communications:
 | An
open-ended investment company, investing in all sizes, by market cap, of quoted
technology, media and communications companies, globally. Launched April 1998
with assets of £12m as at March 2006. |  | An
investment trust, investing in small cap (generally <£750m market cap)
technology, media and communications companies. |  | Two
limited partnership funds totalling £50m, investing in UK unquoted companies
in the technology, media and communications sectors. |
The
relatively young industries on which the HIML team concentrates include many embryonic
companies. However, the Herald Worldwide Fund
and Herald Investment Trust do not operate
as venture capitalists, instead investing in quoted companies only. Nevertheless,
this does not preclude these funds from investing in concept companies that are
participating in the emerging sub-sectors, such as the Internet. Importantly,
HIML does not invest in pharmaceutical or biotechnology companies, believing that
there are greater synergies between information technology, communications and
media (in all its forms).
The consistent, award-winning performance is
an indicator that the HIML approach is a highly successful one. The Herald funds
enable investors to gain exposure to the exciting and rapidly expanding technology,
communications and multimedia sectors, whilst reducing specific risk through a
diversified portfolio, managed by a highly experienced and specialist team. |
