Dawnay Day Milroy rebrands after management buyout

The buyout by joint managing directors Robert Milroy and Paul Meader comes in the wake of the collapse of the UK-based Dawnay Day empire, much of which is now under the administration of BDO Stoy Hayward. Absolute return specialist DDM had moved to distance itself from the Dawnay Day group when it ran into trouble earlier in July, pointing out that the company continued to be owned and managed from the Channel Islands and the inclusion of Dawnay Day in the name was solely the result of a licensing agreement, entered into in 2002. The company was already 50% owned by its joint managing d...