Dreyfus Corp. today announced it placed portfolio manager Michael Schonberg on paid administrative leave as an inquiry continues into alleged personal trading violations in the stock of Chromatics Color Sciences International Inc. and American Medical Technologies Inc.
Earlier this year, Dreyfus replaced Mr. Schonberg as manager of the Premier Aggressive Growth Fund and the Dreyfus Aggressive Growth Fund. Mr. Schonberg remained on the payroll as a portfolio manager and Dreyfus officials defended his actions.
