NEW YORK -- Michael Schonberg, the Dreyfus Corp. portfolio manager removed from two mutual funds, managed only one separate equity account in the three years he worked there, company officials said.
Dreyfus won't identify the client, except to say it was a limited partnership. The account contained about $3 million and was opened Oct. 2, 1996. It was closed by the client on March 31, 1997, a spokeswoman said.
Mr. Schonberg was put on administrative leave July 8 pending a review of his trading practices. He managed the Dreyfus Aggressive Growth Fund and the Premier Aggressive Growth Fund.
Questions have been raised about whether Mr. Schonberg personally benefited from the funds' purchase of more than a million shares of Chromatics Color Sciences, a stock that Mr. Schonberg also held in his personal account.
Two class action lawsuits have been filed against Mr. Schonberg in New York federal court.