Dreyfus Plans Funds for Affluent
April 24, 2000
The private asset management division of The Dreyfus Corp. of New York, is planning to offer 13 new funds to high-net-worth clients.
MPAM Advisers of New York will offer domestic and international stock funds and fixed-income funds, according to a registration statement filed with the SEC April 14. The funds are designed for clients of Mellon's private asset management group, according to the registration statement. Dreyfus is a subsidiary of Mellon Financial Corp. of Pittsburgh.
The MPAM Funds Trust will include 11 funds created from the conversion of common trust funds with similar investment objectives. The MPAM Emerging Markets Fund and the MPAM Balanced Fund are new.