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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 ...
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 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 ...
Mutual Fund Report for DISSX. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail. Sign in. Subscriptions; Business ...
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 ...
The Fidelity Balanced Fund is a mutual fund that seeks income and capital growth with taking reasonable risk. The fund holds about 60 percent in equity securities and 40 percent in bonds and other ...
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