Performance

In keeping with our mandate, we have delivered absolute returns of over 11% per annum for the past 9 years. This period has spanned both the crushing stockmarket bear market and the subsequent bull market, demonstrating our success in generating a positive, absolute return for our clients, regardless of market direction.

 

Please click on the links to the left for information on our performance in the major currencies.  It should be noted that as we hedge all foreign currency exposure back to base, portfolios are constructed in any freely tradable currency.

 

 

 

 

 

 

 

 

 

 

The risk management disciplines that are integral to achieving this have restricted the maximum drawdown (peak to trough) in portfolios to less than 3%, compared with nearly 50% for the MSCI World index during the same period.

 

 

 

 

 

An examination of the risk / return relationship in our portfolios demonstrates that our proven methodology and disciplined investment process extract market volatility and thus deliver the central objective of our philosophy: the creation of alpha returns.

 

 

This content is provided for informational purposes and does not constitute an offer to sell or a solicitation to buy any security or other financial instrument.

 

The investments referred to may not be suitable for the specific investment objectives, financial situation or individual needs of recipients and should not be relied upon in substitution of the exercise of independent judgement. The information has been obtained from or is based on sources believed to be reliable, but accuracy cannot be guaranteed. Neither Dawnay Day Milroy Limited nor Dawnay Day Milroy Jersey) Limited, nor their officers or directors, shall be liable for any damages of any kind, including lost profits, arising in any way from this material.

The value of investments and the income derived from them may and does fluctuate according to market conditions and you may not receive back the amount originally invested. Past performance is not necessarily a reliable indicator of future performance. Currency movements may also affect the value of investments. Quoted investment performance is net of all Dawnay Day Milroy Limited and custodial fees. The quoted Dawnay Day Milroy historical performance data is calculated in compliance with the requirements of the GIPS calculation methodology and relates to a composite of representative portfolios with the objective of long term capital growth managed by Milroy & Associates Limited prior to the transfer of assets to Dawnay Day Milroy Limited in May 2003. From October 2004 it relates to the performance of the lan vital Fund, a Cayman fund managed by Dawnay Day Milroy to the same investment parameters. Quoted cash return relates to the return generated by 3 month deposit rates. Global equities and Global Bonds referred to above are calculated using the MSCI World Equity and the JP Morgan Global Bond Indices respectively. Dawnay Day Milroy Ltd is a member of the London and Channel Islands Stock Exchanges.

 

Dawnay Day Milroy Limited is licenced by the Guernsey Financial Services Commission under