Word: dreyfusism
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...excess of redemptions over sales as a temporary fluke. It seems to be turning into a chronic problem that if not solved could halt for good the funds' once dazzling growth. As a result, some funds are taking direct action. Last week in a management shake-up at Dreyfus Corp., Chairman Howard Stein returned to his former job of running the day-to-day operations of Dreyfus Fund Inc., the third largest mutual fund...
...concerned about your pocketbook, many more of the Square's restaurants are ready to please (or displace, as the case may be). Chez Jean (1 Shephard St.) has very fine French food, considerably better than Chez Dreyfus (44 Church St.) But Dreyfus attracts many distinguished Harvard faculty members and administrators, including President Bok, who eats chopped sirloin with mushroom sauce there on most working days...
...Dreyfus Offshore Trust
...mutual funds. She had no college degree and had worked only briefly as an ad-agency receptionist before becoming a Manhattan housewife and the mother of three children. Landing a job was no problem. She and her husband, a trade-book publisher, were friends of Dreyfus Corp. Chairman Howard Stein. But that friendship-and some courses in economics at Columbia -got her a job only as a $6,000-a-year statistician. It was enough to give her a chance to show that she had a canny way of sizing up stocks. Now after spending three years co-managing...
...fund is one of many set up in recent years to attract foreign investors. Like the other offshore funds, the Dreyfus trust does not deal with U.S. citizens. Instead, it solicits funds, primarily in Western Europe, and then invests the money in U.S. and British shares. Though the fund was started in the spring of 1969, just before the stock market tumbled into a deep depression, its assets have increased 43%, to $55 million...