Last March the Dreyfus Corporation said it would close its mid-cap value fund as soon as its assets reached $1.4 billion. At the time, the fund had roughly half that amount in its coffers, a little more than $632 million, and executives guessed it would quickly fill to capacity.
They were right. Dreyfus said last week that the fund had attracted the benchmark $1.4 billion, doubling its size in about nine months. It shut its doors to new investors on Jan. 7.