Our Philosophy

Herald invests, generally on a long-term basis, using fundamental analysis and a focus on sustainability.

Analysis entails a prolific number of meetings with companies, either at Herald’s offices, site visits or at conferences globally. In addition, Herald relies on independent industry research and published company filings, statements, presentations, online resources and broker research. Focus on the sector enables a significant degree of cross referencing across competitors, customers and suppliers globally. Using this mosaic of information combined with strong financial analysis, we endeavour to add value by investing for growth in companies with a solid management, strong fundamentals, good governance, and a valuation that reflects the opportunity. The evolving nature of TMT means there is a wide divergence of performance between winners and losers, and the winners can be spectacular.

We are evangelists for the sector, and firmly believe investors are missing an opportunity if they are not represented in it. We endeavour to offer a relatively low risk way of investing in stocks with high volatility on a sufficiently diversified basis that the risk is largely diminished whilst still aspiring to premium returns.

Herald and the Bribery Act 2010

Herald is committed to carrying on its business fairly, honestly and openly and prides itself on maintaining a culture of integrity in which bribery would never be acceptable. It has implemented a bribery prevention policy compliant with the principles published in the Ministry of Justice’s Bribery Act guidance and a copy of this policy can be obtained upon request from the Compliance Officer at Herald Investment Management Ltd, 10-11 Charterhouse Square, London EC1M 6EE – or telephone 020 7553 6300.



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 Plc, the Herald Worldwide Technology Fund and two venture capital limited partnerships.

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 notices below before proceeding, as they explain 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 who are subject to UK tax; it is not intended as, 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 for them to receive information in connection with, or to apply for, a UK investment. In particular, Herald Investment Trust Plc 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. Current tax rates and reliefs may be changed by future legislation.

This website has been approved for purposes of UK regulation by Herald Investment Management Ltd which is authorised and regulated by the Financial Conduct 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 as to their accuracy or completeness. The contents of the website are not to be considered as investment advice.

The information on this website 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 on this website please consult your stockbroker, solicitor, accountant or other professional adviser.

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