# Library Research Limited

> Library Research Limited is an SEC-registered investment advisory firm in Hong Kong, Hong Kong, registered since 2019, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 22, 2026.

- CRD: 301421
- Filed as: LIBRARY RESEARCH LIMITED
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Hong Kong, Hong Kong
- Filing period: October 2026
- Form ADV filing dated: April 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/301421
- AdvisorCensus page: https://advisorcensus.com/firm/library-research-limited-hong-kong-301421

## Quick answers

**How is Library Research Limited compensated?**
On its Form ADV (Item 5.E, October 2026), Library Research Limited reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Library Research Limited charge?**
Its Form ADV Part 2A brochure dated March 16, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Library Research Limited located?**
Library Research Limited's principal office is in Hong Kong, Hong Kong, according to its Form ADV.

**Is Library Research Limited registered with the SEC or a state?**
Library Research Limited is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 301421.

**How much does Library Research Limited manage?**
Library Research Limited reports $1,158,155,202 in regulatory assets under management in its Form ADV filing dated April 22, 2026 (100% discretionary).

**How have Library Research Limited's assets and staff changed since 2021?**
In the Form ADV data for Library Research Limited: Regulatory assets under management: $733,041,482 in the October 2021 data and $1,158,155,202 in the October 2026 data, up 58%. Total employees: 8 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Library Research Limited serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Library Research 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/301421

**What changed in Library Research Limited's recent Form ADV filings?**
In the April 2026 filing data: 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
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 16, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> With respect to all share classes, the Firm receives an annual management fee ranging up to 2% per annum in respect of the net asset value (“NAV”) per series of the relevant class of issue.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $1,158,155,202
- Discretionary: $1,158,155,202
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Not reported | $0 |
| High net worth individuals | Not reported | $0 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $1,158,155,202 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Not reported | $0 |
| Charitable organizations | Not reported | $0 |
| State or municipal government entities (including government pension plans) | Not reported | $0 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | Not reported | $0 |
| Other | Not reported | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2019 (7 years)
- Employees: 10 total, 7 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- librarygroup.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $733,041,482 | 8 | March 17, 2021 |
| October 2022 | $830,601,589 | 6 | March 17, 2022 |
| October 2023 | $1,152,873,344 | 5 | March 27, 2023 |
| October 2024 | $1,138,490,584 | 9 | March 26, 2024 |
| October 2025 | $1,183,985,757 | 10 | April 30, 2025 |
| October 2026 | $1,158,155,202 | 10 | April 22, 2026 |

Regulatory assets under management: $733,041,482 in the October 2021 data and $1,158,155,202 in the October 2026 data, up 58%.
Total employees: 8 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Library Research Limited (CRD 301421): Form ADV filing data as of October 2026.