Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fayez Sarofim Adds Subadvisory Mandate Not Rated 2.0 Email Routing List Email & Route  Print Print
Friday, September 30, 2005

Fayez Sarofim Adds Subadvisory Mandate

by: Sean Hanna, Editor in Chief

The institutional money manager Fayez Sarofim & Co. will be picking stocks for one of two new funds with tax themes being rolled out with Dreyfus this month. The Mellon unit tapped the subadvisor for its new tax-managed balanced fund designed to help investors diversify. The second is a junk bond muni fund and is managed by Dreyfus staff.

"We believe that these funds address two critical needs for our customers," said Dreyfus Chairman and Chief Executive Officer Stephen E. Canter, alluding to recent volatility in the market and falling yields on municipal bonds.

Fayez Sarofim & Co. will act as the subadvisor for the Dreyfus Tax Managed Balanced Fund handling the equity portion of the fund while Dreyfus' Municipal Fixed Income Team led by Joseph P. Darcy and Scott Sprauer will manage the bond component of the portfolio.

This is not the first time Dreyfus has awarded a fund mandate to Fayez Sarofim & Co. as the firm already handles similar duties for the Dreyfus Appreciation, Dreyfus Premier Core Equity, Dreyfus Premier Tax-Managed Growth and Dreyfus Premier Worldwide Growth Funds.

Meanwhile, W. Michael Petty and James Welch will serve as co-managers for the Dreyfus High Yield Municipal Bond Fund.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

2.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use