# Hermes Investment Management Limited

> Hermes Investment Management Limited is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2010, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 153104
- Filed as: HERMES INVESTMENT MANAGEMENT LIMITED
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: London, United Kingdom
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/153104
- AdvisorCensus page: https://advisorcensus.com/firm/hermes-investment-management-limited-london-153104

## Quick answers

**How is Hermes Investment Management Limited compensated?**
On its Form ADV (Item 5.E, October 2026), Hermes Investment Management Limited reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Hermes Investment Management Limited located?**
Hermes Investment Management Limited's principal office is in London, United Kingdom, according to its Form ADV.

**Is Hermes Investment Management Limited registered with the SEC or a state?**
Hermes Investment Management Limited is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 153104.

**How much does Hermes Investment Management Limited manage?**
Hermes Investment Management Limited reports $24,786,291,713 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (99% discretionary).

**How have Hermes Investment Management Limited's assets and staff changed since 2021?**
In the Form ADV data for Hermes Investment Management Limited: Regulatory assets under management: $40,473,001,686 in the October 2021 data and $24,786,291,713 in the October 2026 data, down 39%. Total employees: 374 in October 2021 and 422 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Hermes Investment Management Limited serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (19); pension and profit sharing plans (but not the plan participants or government pension plans) (15); other investment advisers (14).

**Does Hermes Investment Management Limited report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/153104

**What changed in Hermes Investment Management Limited's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 114 to 109. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $24,786,291,713
- Discretionary: $24,473,011,960
- Non-discretionary: $313,279,753

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Banking or thrift institutions | 4 | $600,801,754 |
| Investment companies | 3 | $267,770,918 |
| Pooled investment vehicles (other than investment companies and business development companies) | 19 | $14,101,847,479 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 15 | $4,436,277,256 |
| Charitable organizations | 3 | $302,482,223 |
| Other investment advisers | 14 | $1,600,711,779 |
| Insurance companies | 2 | $3,127,345,498 |
| Sovereign wealth funds and foreign official institutions | 1 | $349,054,806 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2010 (16 years)
- Employees: 422 total, 109 performing advisory functions
- Wrap fee program participation: Yes
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [hermes-investment.com](https://hermes-investment.com)
- LinkedIn @federatedhermeslimited
- LinkedIn @federatedhermes-privatemarkets
- X @FedHermesLtd
- X @creditspectrum

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $40,473,001,686 | 374 | September 9, 2021 |
| October 2022 | $40,772,875,013 | 385 | September 26, 2022 |
| October 2023 | $29,694,337,205 | 424 | April 3, 2023 |
| October 2024 | $32,023,444,961 | 438 | March 28, 2024 |
| October 2025 | $24,902,295,682 | 432 | March 31, 2025 |
| October 2026 | $24,786,291,713 | 422 | March 26, 2026 |

Regulatory assets under management: $40,473,001,686 in the October 2021 data and $24,786,291,713 in the October 2026 data, down 39%.
Total employees: 374 in October 2021 and 422 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 114 to 109.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Hermes Investment Management Limited (CRD 153104): Form ADV filing data as of October 2026.