“We have built a world class business here in Guernsey and this shows that we can compete with the best international competition on the global stage, and win,” commented Paul Meader, Director of Dawnay Day Milroy.

“We are very excited about the future and are looking forward to continued growth and strong investment returns for our clients," he added.

“We are delighted to have won such a prestigious award as recognition of the effectiveness and excellence of our investment process. It is a testament to the hard work and discipline of our investment team, combined with our innovative process, over the last 10 years,” continued Robert Milroy, Director of Dawnay Day Milroy.

The ninth Hedge Funds World Middle East conference was held between Monday March 3rd and Thursday March 6th 2008 at the Madinat Jumeirah in Dubai. The accompanying awards dinner was hosted for the second time and recognised the leading providers to investors in the region.

Peter Niven, Chief Executive of GuernseyFinance – the promotional agency for the Island’s finance industry, went on to suggest that:

“DDM winning this award highlights the high quality investment management expertise that there is in Guernsey. The Island not only provides the right environment for investment managers to establish operations but in particular for them to fill niches in the market through innovative and pioneering products.”