Dreyfus’ Early Role Establishing the Credibility of Short Selling

In a press release dated May 1, 2001, the Dreyfus Corporation and its Aggressive Growth Fund and the Premier Aggressive Growth Funds announced that they had agreed to pay $20.5 million to settle a federal class action lawsuit and a state lawsuit brought in 1998 by investors. The presiding Federal Judge found that “the merits of case was promising” due to the publicly reports issued by asensio.com reports on 19 “highly suspicious” companies in the funds and a report detailing how a fund manager “purchases shares in private transactions before he used Dreyfus Funds’ money to buy stock in the open market.”

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Manuel Asensio doesn’t bet often. But when he does, it’s wise to pay attention.

Paul Kaihla
eCompany Now
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About Our Founder
Learn more about asensio.com's founder, Manuel P. Asensio, and the website's origins. Click here to be directed to Mr. Asensio’s professional biography.
Investment Record
Click here to view a list of the companies that have been subjects of asensio.com reporting and click here to see the complete investment record.
Media Record
Click here to see selected articles that discuss asensio.com's work and its unique legacy. asensio.com also strives to maintain a complete record of articles dealing with the companies that are the subject of asensio.com research.
Asensio and FINRA
Asensio & Company, Inc. and Manuel P. Asensio are the only dedicated short sellers ever to have been members of FINRA. This unique-minority membership created complications in the regulatory relationship. Being the first activist short investors and among the first FINRA member firms with a website added to the complexity. A statement by Mr. Asensio is available here. Information necessary to obtain a meaningful understanding of the dispute is available in complete form HERE.