| The Dreyfus Corporation | |
| Type: | Subsidiary |
| Founded: | 1951; New York, NY |
| Location: | MetLife Building |
| Location City: | New York, NY |
| Location Country: | USA |
| Key People: | J. Charles Cardona Jr. (President), Richard Hoey (Chief Economist)[1] |
| Products: | Mutual Funds, Separate Accounts, Annuities, Individual Retirement Accounts and Brokerage 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 of BNY Investments.
The firm's origin dates back to 1947, when investor Jack 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-exempt municipal bond fund.[2] [3]
In 1994, Dreyfus completed its landmark merger with Mellon Bank Corporation, and became a wholly owned subsidiary of Mellon 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. and Mellon Financial Corporation merged to form a new company BNY, one of the world's largest global asset management and securities services companies.[5] The reach of Dreyfus' distribution capabilities now extends to the resources of BNY and its exclusive network of institutional asset managers.[2] [3]
As a BNY Mellon company, Dreyfus provides access to its global network of asset managers, delivering investment insight and products — equity, fixed income, global/international and money market mutual funds, separately managed accounts, retirement and cash management strategies, asset allocation solutions and brokerage services. Dreyfus products are delivered through a variety of distribution channels: intermediary (advisor-sold), institutional, and retail direct.