Dreyfus Corp. has named a new manager for its flagship Dreyfus Fund, and tapped its staff for a new director of equity research.
Timothy Ghriskey adds the Dreyfus Fund to the nine other mutual funds he currently manages. Mr. Ghriskey is responsible for value equity funds at Dreyfus.
Richard Hoey, already chief economist and a portfolio manager in charge of growth and income funds at Dreyfus, was appointed director of equity research.
The two jobs-manager of the Dreyfus Fund and director of equity research-were previously held by Ernest Wiggins, who is leaving Dreyfus this month for Equitable Securities in Nashville.
Dreyfus, a Mellon Bank Corp. unit long known for its bond fund prowess, has been boosting its equity fund offerings. Since 1995, it has added 18 new funds, including 13 new equity funds.
When Mellon bought New York-based Dreyfus in 1995, the fund company had only 11% of its assets in equity funds, a company spokeswoman said. The company today has 21% of its assets in equity funds, she said, and plans to increase that by increasing assets under management, and possibly introducing new equity funds.