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Rating:Dreyfus to Shutter Fund Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, March 16, 2001

Dreyfus to Shutter Fund

Reported by InvestmentWires Staff, 

The Dreyfus Midcap Value Fund will close to new investors after reaching $1.4 billion in net assets, though Dreyfus needs to capture approximately $760 million to hit that goal. The fund firm also announced that William Goldenberg and Brian Ferguson will also pick stocks, joining Peter Higgins as co-portfolio managers. (added 10:30 AM)

* * *
Total money market mutual fund assets tallied up to $2.038 trillion for the week ending on Wednesday, down $8.57 billion from last week. Although retail investors brought an additional $3.64 billion into play, bringing the total to $1.097 trillion, institutional assets dropped by $12.21 billion to $941.08 billion, according to an Investment Company Institute report. (added 10:30 AM)

* * *
Lincoln Financial Distributors has completed its previously-reported distribution reorganization, which is now structured around channels. The firm now has 250 internal and external wholesalers employing a consultative wholesaling model. (added 10:30 AM)

* * *
SEI continues to treat its stockholders well, upping the ongoing stock repurchase program by $50 million. 2000 saw the backoffice provider repurchase 1,120,000 shares at a cost of $24.8 million. (added 2:15 PM) 

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