has joined two of its U.S. fundamental equity investment management units at Dreyfus
and The Boston Company Asset Management
(TBCAM), according to a release
As a result of the change, TBCAM will manage an additional $5 billion in Dreyfus mutual fund assets, from $10 billion to $15 billion. Dreyfus currently has more than $170 billion in fund assets. In total, TBCAM manages $55 billion in SMA, institutional and subadvised fund assets.
"Combining the fundamental equity operations of these world-class organizations will create a formidable asset manager with strengthened investment capabilities," said Martin G. McGuinn
, Mellon chairman and chief executive officer.
Dreyfus and TBCAM will continue to work out of offices in New York and Boston, respectively, said Mellon spokesman Mike Dunn.
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