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Lion Roars in Face of the Bear; Dreyfus Assets up 5%

In the face of one of the most difficult markets in the history of the fund industry, Dreyfus' assets and market share have outpaced the competition, vaulting it from the 13th largest fund organization in the U.S. in 2000 to fifth place, noted Stephen E. Canter, Dreyfus chairman and CEO.

Dreyfus has $183 billion in assets under management, up 4% from the end of last year, Canter told a press briefing at the firm's midtown Manhattan headquarters. Driving this growth has been new sales, particularly in the institutional money market, fixed income and separate account area, Canter said.