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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).
A mutual fund is a collective pool of investments. When different investors buy shares, managers take that money to purchase various securities. Each investor owns a fractional percentage of each ...
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 ...
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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