Dreyfus Corp. said Tuesday it hired veteran portfolio manager Douglas Ramos from Loomis, Sayles & Co. to help oversee four growth and income funds.
Mr. Ramos, 41, worked at Loomis Sayles for the past 12 years. Most recently, he helped manage about $1.9 billion of assets, including the New England Value Fund. At Dreyfus, Mr. Ramos will be involved in managing Dreyfus Balanced Fund; Dreyfus Growth & Income Fund; Dreyfus Premier Growth and Income Fund; and Dreyfus Variable Investment Fund Growth and Income Portfolio, the company said.
Hiring Mr. Ramos means portfolio manager Timothy Ghriskey, 41, will have "more time to devote" to the company's flagship Dreyfus Fund, said Stephen Canter, Dreyfus' chief investment officer.
New York-based Dreyfus is a subsidiary of Mellon Bank Corp., Pittsburgh. Loomis Sayles is a subsidiary of Boston-based New England Investment Cos.