DDM rebrands as Corazon after MBO

Dawnay Day Milroy has effected a management buyout and will be re-branded as Corazon Capital Managem...

Dawnay Day Milroy has effected a management buyout and will be re-branded as Corazon Capital Management. Channel Islands-based investment manager DDM, which has $1.2bn of asset under management, was previously 50% owned by the management and 50% by private shareholders. The buyout of the remaining shareholders is being led by joint managing directors Robert Milroy and Paul Meader and is being funded by the management team. The firm, which specialises in absolute return investing, said Corazon will continue to build on this platform and develop its investment process and innovation in ...