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| Company type | Subsidiary |
|---|---|
| Founded | 1951; New York, NY |
| Headquarters | MetLife Building, New York, NY ,USA |
Key people | J. Charles Cardona Jr. (President), Richard Hoey (Chief Economist)[1] |
| Products | Mutual Funds, Separate Accounts,Annuities,Individual Retirement Accounts andBrokerage Services |
| Parent | BNY Investments |
Dreyfus is an American investment management company that deals with investment products and strategies. It was established in 1951 and is currently headquartered in New York City.
Dreyfus currently is a subsidiary ofBNY Investments.
The firm's origin dates back to 1947, when investorJack Dreyfus founded a brokerage house in New York City named Dreyfus & Co.[2][3]
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. Nesbett & Co. was renamed The Dreyfus Corporation, and The Nesbett Fund became The Dreyfus Fund Incorporated.[2][3]
Going public in 1965, Dreyfus was among the first money management firms to tap into the stock market for additional capital.[2][3]
In 1976, Dreyfus was among the first fund companies to introduce an incorporated tax-exemptmunicipal bond fund.[2][3]
In 1994, Dreyfus completed its landmark merger with Mellon Bank Corporation, and became a wholly owned subsidiary ofMellon Financial Corporation. The merger, a milestone in the history of financial services in the United States, was at the time the largest-ever combination of a bank and mutual fund company.[4][2][3]
On July 1, 2007,The Bank of New York Company, Inc. andMellon Financial Corporation merged to form a new companyBNY, one of the world's largest global asset management andsecurities services companies.[5] The reach of Dreyfus' distribution capabilities now extends to the resources ofBNY and its exclusive network of institutional asset managers.[2][3]
As a BNY company, Dreyfus providesequity,fixed income, global/international andmoney market mutual funds,separately managed accounts, retirement andcash management strategies,asset allocation and brokerage services. Dreyfus products are delivered through a variety of distribution channels:intermediary (advisor-sold),institutional, and retail direct.
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