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We permit the publication of our auditors’ report, provided the report is published in full only and is accompanied by the full financial statements to which our auditors’ report relates, and is only published on an access-controlled page on your website https://www.hermes-investment.com, to enable users to verify that an auditors’ report by independent accountants has been commissioned by the directors and issued. Such permission to publish is given by us without accepting or assuming any responsibility or liability to any third party users save where we have agreed terms with them in writing.

Our consent is given on condition that before any third party accesses our auditors’ report via the webpage they first document their agreement to the following terms of access to our report via a click-through webpage with an 'I accept' button. The terms to be included on your website are as follows:

I accept and agree for and on behalf of myself and the Trust I represent (each a "recipient") that:

  1. PricewaterhouseCoopers LLP (“PwC”) accepts no liability (including liability for negligence) to each recipient in relation to PwC’s report. The report is provided to each recipient for information purposes only. If a recipient relies on PwC’s report, it does so entirely at its own risk;
  2. No recipient will bring a claim against PwC which relates to the access to the report by a recipient;
  3. Neither PwC’s report, nor information obtained from it, may be made available to anyone else without PwC’s prior written consent, except where required by law or regulation; and
  4. PwC’s report was prepared with Hermes Property Unit Trust's interests in mind. It was not prepared with any recipient's interests in mind or for its use. PwC’s report is not a substitute for any enquiries that a recipient should make. The financial statements are as at 25 March 2016, and thus PwC’s auditors’ report is based on historical information. Any projection of such information or PwC’s opinion thereon to future periods is subject to the risk that changes may occur after the reports are issued and the description of controls may no longer accurately portray the system of internal control. For these reasons, such projection of information to future periods would be inappropriate.
  5. PwC will be entitled to the benefit of and to enforce these terms.
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Capabilities

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Our investment acumen is informed by rigorous fundamental research and a deep awareness of environmental, social and governance factors, enabling us to deliver strong long-term returns.

  • Hermes Equities

    Equities

    We specialise in active strategies focused on outperforming in the long term, and our success is reflected by extensive track records

  • Hermes Fixed Income

    Liquid Credit

    Investing across the credit spectrum, we offer liquid and illiquid absolute and relative-return strategies to meet investors diverse yield needs

  • Hermes Multi Asset

    Multi Asset

    By dynamically investing in attractive risk premia as market conditions change, our multi-asset solutions aim to deliver real returns to investors

  • Hermes Private Markets

    Private Markets

    With expertise in real estate, infrastructure, and private equity and debt, we provide access to rare and prestigious investment opportunities in the private markets

  • Hermes Real Estate

    Real Estate

    With a 30-year track record of consistently adding value through prudent and sustainable development, we invest in established and emerging real-estate sectors

  • Stewardship

    We provide a leading stewardship service to investors around the world, involving corporate engagement with key executives and directors, to reduce risk and enhance long-term returns