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History. The firm's origin dates back to 1947, when investor Jack Dreyfus founded a brokerage house in New York City named Dreyfus & Co. In 1951, attracted by the concept of mutual funds, Dreyfus & Co. purchased a small management company named John G. Nesbett & Co., Inc. with a small common stock fund called The Nesbett Fund Incorporated.
According to Barron's Magazine end of Century issue, Jack Dreyfus was considered the 2nd most significant money manager of the last century. Dreyfus married in 1939 Joan Personette, from whom he was divorced; they had one child, John (Jonny). His paternal grandfather was a first cousin of Alfred Dreyfus, the protagonist of the French 19th ...
The following is a limited list of mutual-fund families in the United States.A family of mutual funds is a group of funds that are marketed under one or more brand names, usually having the same distributor (the company which handles selling and redeeming shares of the fund in transactions with investors), and investment advisor (which is usually a corporate cousin of the distributor).
Fund Statistics Now Available for: Dreyfus High Yield Strategies Fund; Dreyfus Municipal Income, Inc.; Dreyfus Strategic Municipal Bond Fund, Inc.; Dreyfus Strategic Municipals, Inc. NEW YORK ...
Here are four common myths about mutual funds that you should know. 1. Mutual Funds Are Diversified. While they are certainly more diversified than individual stocks, dumping all your assets into ...
Howard Mathew Stein (October 6, 1926 – July 26, 2011) [1] was an American financier who is widely considered one of the fathers of the mutual fund industry. He was featured on the cover of Time magazine on August 24, 1970. [2] Stein invented the first "no load" money market fund and created the first tax-free municipal bond fund.
A money market fund (also called a money market mutual fund) is an open-end mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. Money market funds are managed with the goal of maintaining a highly stable asset value through liquid investments, while paying income to investors in the form of ...
Mellon Financial Corporation was an American investment firm which was once one of the world's largest money management firms. Based in Pittsburgh, Pennsylvania, it was in the business of institutional and high-net-worth individual asset management, including the Dreyfus family of mutual funds, business banking, and shareholder and investor ...
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