UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF

REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-03752

THE MANAGERS FUNDS

(Exact name of registrant as specified in charter)

800 Connecticut Avenue, Norwalk, Connecticut 06854

(Address of principal executive offices) (Zip code)

Managers Investment Group LLC

800 Connecticut Avenue, Norwalk, Connecticut 06854

(Name and address of agent for service)

Registrant’s telephone number, including area code: (203) 299-3500

Date of fiscal year end: December 31^st

Date of reporting period: MARCH 31, 2009 (1^st Quarter End Portfolio Holdings)

Item 1. SCHEDULE OF INVESTMENTS.

Managers AMG Essex Large Cap Growth Fund - March 31, 2009 (unaudited)

Security Description	Shares		Value
Common Stocks - 97.3%
Consumer Discretionary - 9.6%
Apollo Group, Inc., Class A*	11,690		$	915,678
Kohl’s Corp.*	23,713			1,003,534
TJX Cos., Inc., The	24,875			637,795
Total Consumer Discretionary				2,557,007
Consumer Staples - 6.5%
Colgate-Palmolive Co.	6,507			383,783
CVS Caremark Corp.	17,637			484,841
Procter & Gamble Co., The	6,847			322,425
Wal-Mart Stores, Inc.	10,082			525,272
Total Consumer Staples				1,716,321
Energy - 6.7%
Anadarko Petroleum Corp.	12,386			481,692
Southwestern Energy Co.*	25,384			753,651
Transocean, Ltd.*	9,433			555,038
Total Energy				1,790,381
Financials - 8.5%
ACE, Ltd.	5,674			229,230
Berkshire Hathaway, Inc., Class B*	93			262,260
Charles Schwab Corp., The	30,827			477,818
Goldman Sachs Group, Inc.	7,615			807,342
PartnerRe, Ltd.	5,652			350,820
State Street Corp.	4,422			136,109
Total Financials				2,263,579
Health Care - 20.1%
Abbott Laboratories Co.	20,346			970,504
Amgen, Inc.*	4,656			230,565
Baxter International, Inc.	15,343			785,868
Celgene Corp.*	14,319	2		635,764
Gilead Sciences, Inc.*	16,582			768,078
Medco Health Solutions, Inc.*	11,502			475,493
Shire Pharmaceuticals PLC	10,665			383,300
Teva Pharmaceutical Industries, Ltd., Sponsored ADR	17,101			770,400
Vertex Pharmaceuticals, Inc.*	12,123			348,294
Total Health Care				5,368,266
Industrials - 8.5%
Aecom Technology Corp.*	17,112			446,281
Delta Air Lines, Inc.*	38,238			215,280
Quanta Services, Inc.*	33,530			719,218
SunPower Corp., Class B*	9,914			196,297
URS Corp.*	17,229			696,224
Total Industrials				2,273,300
Information Technology - 26.3%
Apple, Inc.*	10,364			1,089,465
ASML Holding, N.V.	25,826			452,213
Cisco Systems, Inc.*	48,655			815,944
EMC Corp.*	42,516			484,682
Google, Inc.*	2,192			762,948
International Business Machines Corp.	6,790			657,883
Marvell Technology Group, Ltd.*	37,328			341,924
McAfee, Inc.*	16,542			554,157
Microsoft Corp.	40,118			736,968
Nvidia Corp.*	19,605			193,305
QUALCOMM, Inc.	23,621			919,094
Total Information Technology				7,008,583

Managers AMG Essex Large Cap Growth Fund - March 31, 2009 (unaudited)

Security Description	Shares	Value
Materials - 6.9%
Agnico-Eagle Mines, Ltd.	5,575	$	317,329
Freeport McMoRan Copper & Gold, Inc., Class B	10,394		396,115
Goldcorp, Inc.	8,532		284,286
Mosaic Co., The,	8,403		352,758
Potash Corp. of Saskatchewan, Inc.	6,158		497,628
Total Materials			1,848,116
Telecommunication Services - 4.2%
MetroPCS Communications, Inc.*	37,252		636,264
NII Holdings, Inc., Class B*	32,808		492,120
Total Telecommunication Services			1,128,384
Total Common Stocks (cost $29,115,571)			25,953,937
Other Investment Companies - 3.3% 1
BNY Institutional Cash Reserves Fund, Series B*3,9	119,397		14,328
BNY Institutional Cash Reserves Fund, Series C*3,10	60,187		60,187
Dreyfus Cash Management Fund, Institutional Class Shares, 0.74% 11	790,056		790,056
Total Other Investment Companies (cost $969,640)			864,571
Total Investments - 100.6% (cost $30,085,211)			26,818,508
Other Assets, less Liabilities - (0.6)%			(150,901	)
Net Assets - 100.0%		$	26,667,607

Managers Special Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares		Value
Common Stocks - 95.9%
Consumer Discretionary - 17.6%
99 Cents Only Stores*	347,260		$	3,208,682
Aaron Rents, Inc.	36,838			982,101
Aeropostale, Inc.*	42,585			1,131,058
American Eagle Outfitters, Inc.	73,960			905,270
American Public Education, Inc.*	72,615			3,054,187
ArvinMeritor, Inc.	30,361			23,985
ATC Technology Corp.*	11,400			127,680
Bally Technologies, Inc.*	30,200			556,284
Big 5 Sporting Goods Corp.	35,100			206,037
Big Lots, Inc.*	125,000			2,597,500
BJ’s Restaurants, Inc.*	60,600			842,946
Blount International, Inc.*	17,785			82,167
Blue Nile, Inc.*	14,946	2		450,622
Buckle, Inc., The	56,991			1,819,723
Buffalo Wild Wings, Inc.*	8,791			321,575
Capella Education Co.*	52,697			2,792,941
Carter’s, Inc.*	21,308			400,803
CEC Entertainment, Inc.*	24,136			624,640
Chico’s FAS, Inc.*	146,368			785,996
Chipotle Mexican Grill, Inc.*	22,260	2		1,477,619
Chipotle Mexican Grill, Inc., Class B*	12,828			735,173
Citi Trends, Inc.*	2,415			55,279
CKE Restaurants, Inc.	72,983			613,057
Corinthian Colleges, Inc.*	82,684			1,608,204
Cracker Barrel Old Country Store, Inc.	24,121			690,825
Ctrip.com International, Ltd.	23,900	2		654,860
Deckers Outdoor Corp.*	1,193			63,277
DeVry, Inc.	55,923			2,694,370
Dick’s Sporting Goods, Inc.*	27,718			395,536
Dress Barn, Inc., The*	22,000			270,380
Drew Industries, Inc.*	9,600			83,328
Fossil, Inc.*	40,299			632,694
Fuel Systems Solutions, Inc.*	18,351			247,371
Gildan Activewear, Inc., Class A*	47,500	2		384,750
Grand Canyon Education, Inc.*	70,320			1,213,723
Gymboree Corp.*	24,700			527,345
Hawk Corp., Class A*	3,861			44,595
hhgregg, Inc.*	27,733			392,422
Hillenbrand, Inc.	42,372			678,376
Hot Topic, Inc.*	73,840			826,270
ITT Educational Services, Inc.*	9,300			1,129,206
J. Crew Group, Inc.*	15,900	2		209,562
Jo-Ann Stores, Inc.*	17,547			286,718
Jos. A. Bank Clothiers, Inc.*	17,990			500,302
K12, Inc.*	34,379			477,868
Lululemon Athletica, Inc.*	80,285	2		695,268
Lumber Liquidators, Inc.*	31,713			404,341
MarineMax, Inc.*	24,700			48,412
Matthews International Corp.	1,725			49,697
McCormick & Schmick’s Seafood Restaurants, Inc.*	34,900			136,808
Monro Muffler Brake, Inc.	80,500			2,200,065
Netflix, Inc.*	24,983	2		1,072,270

Managers Special Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares		Value
Consumer Discretionary - 17.6% (continued)
Orient-Express Hotels, Ltd.	202,048		$	828,397
Panera Bread Co., Class A*	53,367	2		2,983,215
Papa John’s International, Inc.*	22,900			523,723
Penn National Gaming, Inc.*	31,400			758,310
PetMed Express, Inc.*	96,853			1,596,137
Polaris Industries, Inc.	24,000	2		514,560
Prestige Brands Holdings, Inc.*	95,200			493,136
Saks, Inc.*	650,000			1,215,500
Sally Beauty Holdings, Inc.*	19,907			113,072
Sonic Corp.*	21,200			212,424
Steven Madden, Ltd.*	48,780			916,088
Strayer Education, Inc.	2,729	2		490,865
Texas Roadhouse, Inc., Class A*	105,150			1,002,080
Tractor Supply Co.*	4,328			156,068
True Religion Apparel, Inc.*	33,783			398,977
Under Armour, Inc., Class A*	15,000	2		246,450
Warnaco Group, Inc., The*	25,100			602,400
Westport Innovations, Inc.*	117,860			590,479
WMS Industries, Inc.*	28,290	2		591,544
Total Consumer Discretionary				56,647,593
Consumer Staples - 3.6%
American Italian Pasta Co.*	58,470	2		2,035,341
B&G Foods, Inc.	66,500			345,800
Calavo Growers, Inc.	36,808			442,432
Casey’s General Stores, Inc.	26,661			710,782
Chattem, Inc.*	4,701			263,491
Diamond Foods, Inc.	19,257			537,848
Great Atlantic & Pacific Tea Co.*	27,982			148,584
Green Mountain Coffee Roasters, Inc.*	30,971	2		1,486,608
Hansen Natural Corp.*	30,300	2		1,090,800
Lancaster Colony Corp.	15,600	2		647,088
Nash Finch Co.	9,264			260,226
TreeHouse Foods, Inc.*	78,470			2,259,152
United Natural Foods, Inc.*	36,794			697,982
USANA Health Sciences, Inc.*	7,920			177,091
Zhongpin, Inc.*	64,381			571,703
Total Consumer Staples				11,674,928
Energy - 4.9%
Arena Resources, Inc.*	62,760			1,599,125
Bill Barrett Corp.*	21,200			471,488
Bristow Group, Inc.*	5,300			113,579
CARBO Ceramics, Inc.	30,877	2		878,142
Clean Energy Fuels Corp.*	76,000	2		462,840
Core Laboratories, N.V.	36,830	2		2,694,483
Dril-Quip, Inc.*	28,400			871,880
Encore Acquisition Co.*	26,901			625,986
EXCO Resources, Inc.*	121,805			1,218,050
Goodrich Petroleum Corp.*	47,380			917,277
Key Energy Services, Inc.*	18,200			52,416
Oceaneering International, Inc.*	75,954			2,800,423
Plains Exploration & Production Co.*	62,508			1,077,013
Quicksilver Resources, Inc.*	76,300	2		422,702
Tesoro Corp.	52,400	2		705,828

Managers Special Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares		Value
Energy - 4.9% (continued)
Tidewater, Inc.	19,300		$	716,609
Total Energy				15,627,841
Financials - 8.1%
Amtrust Financial Services, Inc.	32,973			314,892
Aspen Insurance Holdings, Ltd.	13,400			300,964
Bank of the Ozarks, Inc.	17,782			410,409
BOK Financial Corp.	64,614			2,232,414
Community Bank System, Inc.	41,400			693,450
Cowen Group, Inc.*	27,753			135,157
Delphi Financial Group, Inc., Class A	20,050			269,873
Eaton Vance Corp.	38,400	2		877,440
eHealth, Inc.*	43,416			695,090
EZCORP, Inc., Class A*	40,176			464,836
Financial Federal Corp.	16,900			357,942
First Cash Financial Services, Inc.*	32,440			484,005
Glacier Bancorp, Inc.	30,900	2		485,439
Greenhill & Co., Inc.	11,970	2		883,984
Hanover Insurance Group, Inc.	12,400			357,368
Harleysville Group, Inc.	18,025	2		573,375
HCC Insurance Holdings, Inc.	9,200			231,748
Horace Mann Educators Corp.	66,500			556,605
KBW, Inc.*	46,400			944,240
Knight Capital Group, Inc., Class A*	50,039			737,575
Lazard, Ltd., Class A	50,065			1,471,911
Life Partners Holdings, Inc.	35,421			604,282
National Western Life Insurance Co., Class A	10,371			1,171,923
Penson Worldwide, Inc.*	23,000			147,890
Prosperity Bancshares, Inc.	12,500			341,875
PS Business Parks, Inc.	11,300			416,405
RAM Holdings, Ltd.*	41,200			10,300
Reinsurance Group of America, Inc.	15,200			492,328
Saul Centers, Inc.	12,400			284,828
SeaBright Insurance Holdings, Inc.*	35,335			369,604
Signature Bank*	89,590			2,529,127
South Financial Group, Inc., The	175,000			192,500
SVB Financial Group*	112,543	2		2,251,985
Texas Capital Bancshares, Inc.*	70,480			793,605
Tower Group, Inc.	26,900			662,547
TradeStation Group, Inc.*	37,900			250,140
UMB Financial Corp.	20,000			849,800
United PanAm Financial Corp.*	14,700			21,315
Validus Holdings, Ltd.	16,000			378,880
Westwood Holdings Group, Inc.	16,800			656,712
World Acceptance Corp.*	11,149			190,648
Total Financials				26,095,411
Health Care - 19.2%
Acorda Therapeutics, Inc.*	34,789			689,170
Alexion Pharmaceuticals, Inc.*	43,700			1,645,742
Alkermes, Inc.*	59,457			721,213
Alliance Imaging, Inc.*	34,800			236,640
Almost Family, Inc.*	10,798			206,134
Amedisys, Inc.*	43,105			1,184,956
American Medical Systems Holdings, Inc.*	85,348			951,630

Managers Special Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares		Value
Health Care - 19.2% (continued)
AmSurg Corp.*	20,400		$	323,340
athenahealth, Inc.*	65,777			1,585,883
CardioNet, Inc.*	52,187			1,464,367
Charles River Laboratories International, Inc.*	56,960			1,549,882
Chemed Corp.	26,576			1,033,806
Computer Programs & Systems, Inc.	44,324			1,474,659
Covance, Inc.*	8,600			306,418
Cubist Pharmaceuticals, Inc.*	30,900	2		505,524
Cyberonics, Inc.*	87,915			1,166,632
DexCom, Inc.*	150,591			623,447
Dionex Corp.*	15,600			737,100
Emergency Medical Services Corp., Class A*	20,568			645,630
eResearch Technology, Inc.*	100,000			526,000
Eurand N.V.*	68,000			757,520
Five Star Quality Care, Inc.*	81,272			84,523
Genomic Health, Inc.*	23,385	2		570,126
Genoptix, Inc.*	53,672			1,464,172
Gen-Probe, Inc.*	58,670			2,674,179
Gentiva Health Services, Inc.*	45,236			687,587
Haemonetics Corp.*	12,835			706,952
HealthExtras, Inc.*	37,800			749,196
HealthSouth Corp.*	35,450			314,796
HMS Holdings Corp.*	123,054	2		4,048,476
ICON PLC*	35,630			575,424
Illumina, Inc.*	37,861	2		1,409,944
Immucor, Inc.*	83,279			2,094,467
InterMune, Inc.*	38,298			629,619
inVentiv Health, Inc.*	3,867			31,555
Kendle International, Inc.*	9,264			194,173
Kensey Nash Corp.*	47,699			1,014,558
LHC Group, Inc.*	49,250			1,097,290
Luminex Corp.*	82,418			1,493,414
Martek Biosciences Corp.*	34,500			629,625
Masimo Corp.*	95,200			2,758,896
Matrixx Initiatives, Inc.*	39,634			649,998
MedAssets, Inc.*	36,103			514,468
Medicis Pharmaceutical Corp.	103,834			1,284,427
Meridian Bioscience, Inc.	32,700			592,524
Myriad Genetics, Inc.*	24,000			1,091,280
Noven Pharmaceuticals, Inc.*	113,407			1,075,098
NuVasive, Inc.*	16,470	2		516,829
Odyssey HealthCare, Inc.*	65,400			634,380
Onyx Pharmaceuticals, Inc.*	25,255			721,030
OSI Pharmaceuticals, Inc.*	56,300	2		2,154,038
Owens & Minor, Inc.	16,000			530,080
Phase Forward, Inc.*	110,423			1,412,310
Questcor Pharmaceuticals, Inc.*	202,090	2		994,283
Quidel Corp.*	73,545			678,085
Steris Corp.	21,100			491,208
Sun Healthcare Group, Inc.*	176,799			1,492,184
SXC Health Solutions Corp.*	20,306			437,391
Synovis Life Technologies, Inc.*	21,835			302,196
Thoratec Corp*	78,943	2		2,028,046

Managers Special Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares		Value
Health Care - 19.2% (continued)
United Therapeutics Corp.*	7,200		$	475,848
VNUS Medical Technologies, Inc.*	62,658			1,332,736
Volcano Corp.*	40,000			582,000
Total Health Care				61,555,104
Industrials - 13.7%
AAR Corp.*	129,662			1,625,961
Acco Brands Corp.*	120,400			117,992
Acuity Brands, Inc.	22,900	2		516,166
Allegiant Travel Co.*	27,952			1,270,698
Altra Holdings, Inc.*	12,500			48,500
American Commercial Lines, Inc.*	126,110			399,769
American Science & Engineering, Inc.	24,414			1,362,301
American Superconductor Corp.*	91,019	2		1,575,539
Applied Signal Technology, Inc.	66,215			1,339,529
Axsys Technologies, Inc.*	5,953			250,264
Baldor Electric Co.	7,800			113,022
BE Aerospace, Inc.*	18,300			158,661
Beacon Roofing Supply, Inc.*	106,766			1,429,597
Brady Corp.	10,900			192,167
CAI International, Inc.*	24,100			68,203
CBIZ, Inc.*	71,503			498,376
Chart Industries, Inc.*	29,000			228,520
CIRCOR International, Inc.	25,800			581,016
Clean Harbors, Inc.*	18,500			888,000
Colfax Corp.*	90,161			619,406
Consolidated Graphics, Inc.*	18,840			239,645
Copart, Inc.*	38,460			1,140,724
Cornell Companies, Inc.*	51,515			843,301
Corporate Executive Board Co.	7,279			105,546
CRA International, Inc.*	23,600			445,568
Crane Co.	9,700			163,736
Deluxe Corp.	54,200			521,946
DXP Enterprises, Inc.*	10,933			112,938
DynCorp International, Inc.*	98,309			1,310,459
EMCOR Group, Inc.*	31,300			537,421
Energy Conversion Devices, Inc.*	37,858	2		502,376
Energy Recovery, Inc.*	85,900			652,840
EnerNOC, Inc.*	131,325			1,909,466
EnerSys*	52,400			635,088
Exponent, Inc.*	22,595			572,331
Force Protection, Inc.*	64,229			308,299
Franklin Electric Co., Inc.	7,507			166,130
FTI Consulting, Inc.*	25,800	2		1,276,584
Genesee & Wyoming, Inc., Class A*	30,348			644,895
Geo Group, Inc., The*	89,780			1,189,585
GrafTech International, Ltd.*	73,500			452,760
Heidrick & Struggles International, Inc.	13,300			235,942
Herman Miller, Inc.	17,800			189,748
Hexcel Corp.*	121,200			796,284
Huron Consulting Group, Inc.*	40,230			1,706,959
IDEX Corp.	2,600			56,862
II-VI, Inc.*	23,081			396,532
Knoll, Inc.	81,800			501,434

Managers Special Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares		Value
Industrials - 13.7% (continued)
Marten Transport, Ltd.*	33,400		$	623,912
Michael Baker Corp.*	12,886			335,036
Middleby Corp., The*	30,560			991,061
MYR Group, Inc.*	89,285			1,361,596
NCI Building Systems, Inc.*	10,700			23,754
Pike Electric Corp.*	75,973			702,750
Powell Industries, Inc.*	22,294			787,201
RBC Bearings, Inc.*	25,500			389,640
Resources Connection, Inc.*	25,700			387,556
Ritchie Bros. Auctioneers, Inc.	24,880			462,519
Robert Half International, Inc.	33,921	2		604,811
SkyWest, Inc.	11,760			146,294
Spherion Corp.*	69,600			144,768
Stanley, Inc.*	25,539			648,435
SunPower Corp., Class B*	26,081			516,404
Teleflex, Inc.	6,700			261,903
Triumph Group, Inc.	51,808			1,979,066
UAL Corp.*	26,968			120,817
Wabtec Corp.	76,300			2,012,793
Watson Wyatt & Co.	12,000			592,440
Total Industrials				43,991,842
Information Technology - 25.3%
3PAR, Inc.*	91,082	2		598,409
ACI Worldwide, Inc.*	36,336			681,300
Acxiom Corp.	62,375			461,575
ADC Telecommunications, Inc.*	24,500			107,555
Advent Software, Inc.*	21,472			715,232
Arcsight, Inc.*	50,322			642,612
Ariba, Inc.*	257,013			2,243,723
Arris Group, Inc.*	37,500			276,375
Aruba Networks, Inc.*	228,928			718,834
AsiaInfo Holdings, Inc.*	57,165			963,230
Atheros Communications, Inc.*	54,922	2		805,157
ATMI, Inc.*	29,247			451,281
Bankrate, Inc.*	42,798			1,067,810
Benchmark Electronics, Inc.*	73,750			826,000
Blackboard, Inc.*	26,300			834,762
Broadridge Financial Solutions, Inc.	44,400			826,284
Brocade Communications Systems, Inc.*	52,193			180,066
CACI International, Inc., Class A*	21,400			780,886
Cavium Networks, Inc.*	59,283			684,126
Checkpoint Systems, Inc.*	267,300			2,397,681
Ciena Corp.*	35,174	2		273,654
Comtech Telecommunications Corp.*	1,008			24,968
Concur Technologies, Inc.*	10,100			193,819
Constant Contact, Inc.*	47,584	2		665,700
CSG Systems International, Inc.*	104,458			1,491,660
CyberSource Corp.*	63,090			934,363
Data Domain, Inc.*	74,034	2		930,607
Digital River, Inc.*	21,800			650,076
Diodes, Inc.*	42,800			454,108
EarthLink, Inc.*	7,678			50,444
Equinix, Inc.*	49,330			2,769,881

Managers Special Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares		Value
Information Technology - 25.3% (continued)
Euronet Worldwide, Inc.*	13,900		$	181,534
F5 Networks, Inc.*	27,355			573,087
FARO Technologies, Inc.*	9,700			130,368
GSI Commerce, Inc.*	72,800			953,680
Harris Stratex Networks, Inc.*	18,522			71,310
Infinera Corp.*	10,084			74,622
Informatica Corp.*	60,501			802,243
InterDigital, Inc./PA*	18,500			477,670
IPG Photonics Corp.*	31,473			265,003
Itron, Inc.*	8,200	2		388,270
J2 Global Communications, Inc.*	30,427			666,047
Knot, Inc., The*	38,783			318,021
Littelfuse, Inc.*	7,500			82,425
Loop Net, Inc.*	86,500	2		525,920
Macrovision Solutions Corp.*	91,520			1,628,141
ManTech International Corp., Class A*	52,476			2,198,744
MAXIMUS, Inc.	16,400			653,704
MEMC Electronic Materials, Inc.*	56,000			923,440
MercadoLibre, Inc.*	40,900			758,695
Monolithic Power Systems, Inc.*	129,692			2,010,226
Multi-Fineline Electronix, Inc.*	79,649			1,341,289
NCI, Inc., Class A*	37,390			972,140
Netezza Corp.*	112,826			767,217
NetLogic Microsystems, Inc.*	151,204			4,155,086
Netscout Systems, Inc.*	76,853			550,267
NetSuite, Inc.*	153,897			1,732,880
NeuStar, Inc., Class A*	20,500			343,375
Neutral Tandem, Inc.*	28,547			702,542
NICE Systems, Ltd.*	41,080			1,021,249
NVE Corp.*	11,989			345,403
Omniture, Inc.*	53,700			708,303
ON Semiconductor Corp.*	57,651			224,839
Parametric Technology Corp.*	144,985			1,446,950
Pegasystems, Inc.	38,642			717,582
Perot Systems Corp.*	20,810			268,033
Polycom, Inc.*	14,768			227,280
Power Integrations, Inc.	13,119			225,647
Quality Systems, Inc.	22,300			1,009,075
Rackspace Hosting, Inc.*	146,230			1,095,263
RightNow Technologies, Inc.*	75,788			573,715
Riverbed Technology, Inc.*	82,573			1,080,055
Rudolph Technologies, Inc.*	18,300			55,449
S1 Corp.*	199,207			1,025,916
Shanda Interactive Entertainment, Ltd.*	29,100	2		1,150,323
Silicon Laboratories, Inc.*	37,200			982,080
Solera Holdings, Inc.*	149,808			3,712,242
Starent Networks Corp.*	43,908			694,185
Super Micro Computer, Inc.*	18,400			90,528
Sybase, Inc.*	29,800	2		902,642
Synaptics, Inc.*	94,265			2,522,531
Synchronoss Technologies, Inc.*	62,346			764,362
SYNNEX Corp.*	15,900			312,753
Synopsys, Inc.*	53,063			1,099,996

Managers Special Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares		Value
Information Technology - 25.3% (continued)
Syntel, Inc.	32,387		$	666,524
Taleo Corp.*	52,147			616,378
Tekelec*	44,700			591,381
TeleCommunication Systems, Inc.*	77,183			707,768
TeleTech Holdings, Inc.*	112,865			1,229,100
TNS, Inc.*	37,500			306,750
TTM Technologies, Inc.*	33,500			194,300
Tyler Technologies, Inc.*	14,416			210,906
Ultratech Stepper, Inc.*	50,100			625,749
Varian Semiconductor Equipment Associates, Inc.*	19,800			428,868
ViaSat, Inc.*	8,679			180,697
Virtusa Corp.*	20,731			128,532
VistaPrint, Ltd.*	34,805			956,789
Vocus, Inc.*	131,958			1,753,722
Websense, Inc.*	86,026			1,032,312
Wind River Systems, Inc.*	76,288			488,243
Total Information Technology				81,324,544
Materials - 1.3%
Allegheny Technologies, Inc.	16,100	2		353,073
Bway Holding Co.*	80,557			635,595
Calgon Carbon Corp.*	4,829			68,427
Compass Minerals International, Inc.	12,000			676,440
Koppers Holdings, Inc.	24,000			348,480
Olin Corp.	37,400			533,698
Rock-Tenn Co.	31,880			862,354
Scotts Co., The, Class A	21,800			756,460
Total Materials				4,234,527
Telecommunication Services - 1.9%
Cbeyond, Inc.*	47,200			888,776
Cincinnati Bell, Inc.*	211,419			486,264
NTELOS Holdings Corp.	37,618			682,391
Shenandoah Telecommunications Co.	18,133			413,432
Syniverse Holdings, Inc.*	234,167			3,690,471
Total Telecommunication Services				6,161,334
Utilities - 0.3%
ITC Holdings Corp.	25,263	2		1,101,972
Total Common Stocks (cost $354,719,914)				308,415,096
Other Investment Companies - 7.8%1
BNY Institutional Cash Reserves Fund, Series A, 0.22% 3	20,370,216			20,370,216
BNY Institutional Cash Reserves Fund, Series B*3,9	2,499,559			299,947
BNY Institutional Cash Reserves Fund, Series C*3,10	1,714,004			1,714,004
Dreyfus Cash Management Fund, Institutional Class Shares, 0.74% 11	2,610,137			2,610,137
Total Other Investment Companies (cost $27,193,916)				24,994,304
Total Investments - 103.7% (cost $381,913,830)				333,409,400
Other Assets, less Liabilities - (3.7)%				(11,877,402	)
Net Assets - 100.0%			$	321,531,998

Managers International Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares	Value
Common Stocks - 91.4%
Consumer Discretionary - 5.1%
Compass Group PLC (United Kingdom)	153,465	$	701,826
Cyrela Brazil Realty, S.A. (Brazil)	24,300		96,477
Hennes & Mauritz AB (Sweden)	15,892		595,793
Lagardere (France)	11,700		328,317
New World Department Store China, Ltd. (China)	90,000		39,035
Nissan Motor Co., Ltd. (Japan)	153,800		555,884
Parkson Retail Group, Ltd. (China)	112,500		114,122
Pearson PLC (United Kingdom)	8,004		80,490
Reed Elsevier PLC (United Kingdom)	78,782		564,867
Renault SA (France)	20,900		429,749
Sekisui House, Ltd. (Japan)	80,000		612,436
Sharp Corp. (Japan)	72,000		576,159
Toyota Motor Corp. (Japan)	26,200		832,214
Wolters Kluwer, N.V. (Netherlands)	5,031		81,551
Total Consumer Discretionary			5,608,920
Consumer Staples - 7.8%
Associated British Foods PLC (United Kingdom)	60,000		550,735
British American Tobacco PLC (United Kingdom)	18,921		437,090
Cadbury PLC (United Kingdom)	47,649		359,415
Casino Guichard-Perrachon SA (France)	10,531		685,225
Delhaize Group (Belgium)	6,600		428,301
Diageo PLC (United Kingdom)	40,876		456,454
Groupe Danone SA (France)	6,312		307,165
Koninklijke Ahold, N.V. (Netherlands)	131,042		1,435,272
L’Oreal SA (France)	6,032		414,673
Metro AG (Germany)	7,448		245,571
Nestle SA, Registered (Switzerland)	48,286		1,631,311
Seven & i Holdings Co., Ltd. (Japan)	28,100		620,365
Unilever, N.V. (Netherlands)	39,527		778,730
Uni-President Enterprises Corp. (Taiwan)	282,653		229,439
Total Consumer Staples			8,579,746
Energy - 11.0%
BP PLC (United Kingdom)	332,171		2,227,324
Canadian Natural Resources, Ltd. (Canada)	12,200		473,273
China Petroleum and Chemical Corp., Class H (China)	836,000		535,708
China Shenhua Energy Co., Ltd. (China)	238,000		536,992
EnCana Corp. (Canada)	15,668		641,235
Eni S.p.A. (Italy)	83,622		1,619,112
Gaz de France (France)	21,450		735,621
INPEX Corp. (Japan)	88		623,206
LUKOIL Holdings, ADR (Russia)	16,400		618,280
Petro-Canada (Canada)	24,000		644,734
Petroleo Brasileiro, S.A., ADR (Brazil)	23,900		585,550
Petroleo Brasileiro, S.A., Sponsored ADR (Brazil)	14,400		438,768
Petroplus Holdings AG (Switzerland)*	6,198		87,079
Royal Dutch Shell PLC, Class A (United Kingdom)	48,000		1,070,838
StatoilHydro ASA (Norway)	35,600		623,025
Total SA (France)	12,900		637,899
Total Energy			12,098,644
Financials - 23.8%
Allianz SE (Germany)	23,662		1,980,574

Managers International Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares	Value
Financials - 23.8% (continued)
Australia and New Zealand Banking Group, Ltd. (Australia)	30,500	$	333,284
Aviva PLC (United Kingdom)	97,743		303,100
Banca Intesa S.p.A. (Italy)	118,400		325,658
Banco do Brasil, S.A. (Brazil)	11,800		87,136
Banco Santander Central Hispano, S.A. (Spain)	148,182		1,021,686
Bank of China, Ltd., Class H (China)	2,468,000		818,230
Bank of East Asia, Ltd. (Hong Kong)	80,790		156,107
Barclays PLC (United Kingdom)	178,700		379,401
BNP Paribas SA (France)	16,200		668,357
CapitaLand, Ltd. (Singapore)	265,500		407,113
Cathay Financial Holding Co., Ltd. (Taiwan)	258,300		222,572
China Life Insurance Co., Ltd. (China)	302,000		993,282
China Overseas Land & Investment, Ltd. (Hong Kong)	707,360		1,108,634
Chinatrust Financial Holding Co., Ltd., (Taiwan)	531,109		194,815
Credit Agricole SA (France)	67,773		747,781
Credit Suisse Group AG (Switzerland)	25,800		785,558
Daiwa House Industry Co., Ltd. (Japan)	44,000		357,559
Daiwa Securities Group, Inc. (Japan)	53,000		234,877
DBS Group Holdings, Ltd. (Singapore)	71,500		398,609
Deutsche Bank AG (Germany)	20,700		829,165
Deutsche Boerse AG (Germany)	2,981		178,848
Deutsche Postbank AG (Germany)	7,948		125,932
Hang Lung Group, Ltd. (Hong Kong)	28,900		88,026
Hang Lung Properties, Ltd. (Hong Kong)	55,000		129,391
HDFC Bank, Ltd. (India)	18,395		353,894
Henderson Land Development Co., Ltd. (Hong Kong)	89,000		339,373
Hong Kong Exchanges and Clearing, Ltd. (Hong Kong)	74,000		698,372
HSBC Holdings PLC (United Kingdom)	239,832		1,335,277
Industrial and Commercial Bank of China, Ltd. - Class H (China)	465,000		241,671
ING Groep, N.V. (Netherlands)	47,217		258,723
KB Financial Group, Inc. (South Korea)*	19,111		462,290
Lloyds TSB Group PLC (United Kingdom)	359,957		364,436
Mitsubishi Estate Co., Ltd. (Japan)	33,000		374,363
Mitsui Fudosan Co., Ltd. (Japan)	86,000		943,408
Muenchener Rueckversicherungs AG (Germany)	7,700		939,643
Nomura Holdings, Inc. (Japan)	50,800		257,709
Prudential Corp. PLC (United Kingdom)	62,476		302,877
Societe Generale (France)	23,275		910,447
Standard Chartered PLC (United Kingdom)	29,198		362,559
Sumitomo Mitsui Financial Group, Inc. (Japan)	26,100		919,017
Sumitomo Realty & Development Co., Ltd. (Japan)	28,000		312,831
Sun Hung Kai Properties, Ltd. (Hong Kong)	144,000		1,292,109
T&D Holdings, Inc. (Japan)	14,900		362,884
UBS AG (Switzerland)*	19,196		179,967
Unione di Banche Italiane S.c.p.a. (Italy)	40,575		446,778
United Overseas Bank (Singapore)	454,898		487,486
Zurich Financial Services AG (Switzerland)	7,336		1,159,406
Total Financials			26,181,215
Health Care - 7.7%
Actelion, Ltd. (Switzerland)*	13,481		615,223
AstraZeneca PLC (United Kingdom)	11,700		414,354
Celesio AG (Germany)	5,630		103,648

Managers International Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares	Value
Health Care - 7.7% (continued)
CSL, Ltd. (Australia)	29,750	$	672,249
GlaxoSmithKline PLC (United Kingdom)	115,874		1,804,696
Lonza Group AG (Switzerland)*	3,202		316,363
Novartis AG (Switzerland)	19,618		742,219
Roche Holding AG (Switzerland)	14,067		1,930,698
Sanofi-Aventis SA (France)	34,646		1,944,378
Total Health Care			8,543,828
Industrials - 8.1%
ABB, Ltd. (Switzerland)*	52,800		735,781
Babcock International Group PLC (United Kingdom)	74,122		455,975
BAE Systems PLC (United Kingdom)	143,677		689,089
Deutsche Lufthansa AG (Germany)	33,900		367,263
Deutsche Post AG (Germany)	48,700		524,752
East Japan Railway Co. (Japan)	11,700		609,970
Fanuc, Ltd. (Japan)	7,800		533,497
Far Eastern Textile Co., Ltd. (Taiwan)	296,278		230,978
Hochtief AG (Germany)	7,540		284,062
Hutchison Whampoa, Ltd. (Hong Kong)	40,000		196,363
ITOCHU Corp. (Japan)	148,000		730,235
Kajima Corp. (Japan)	88,000		218,005
Koninklijke (Royal) Phillips Electronics N.V. (Netherlands)	21,010		310,994
Mitsubishi Corp. (Japan)	23,900		316,836
Mitsubishi Heavy Inds., Ltd. (Japan)	147,000		449,961
Shimizu Corp. (Japan)	64,000		267,896
Siemens AG (Germany)	17,008		970,983
Tognum AG (Germany)	29,660		260,795
Tostem Inax Holding Corp. (Japan)	21,200		239,768
Vestas Wind Systems A/S (Denmark)*	5,450		239,419
Yamato Transport Co., Ltd. (Japan)	27,000		256,069
Total Industrials			8,888,691
Information Technology - 6.3%
AU Optronics Corp., Sponsored ADR (Taiwan)	58,300		489,137
Autonomy Corporation PLC (United Kingdom)*	39,256		732,891
Axalto Holding NV (Netherlands)*	21,431		611,720
Canon, Inc. (Japan)	25,700		749,202
Ericsson (LM), Class B (Sweden)*	153,300		1,239,460
Fujitsu, Ltd. (Japan)	137,000		514,056
Nokia Oyj (Finland)	47,900		560,212
Redecard, S.A. (Brazil)	26,400		319,907
Samsung Electronics Co., Ltd. (South Korea)	1,908		788,304
Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR (Taiwan)	67,461		603,772
Toshiba Corp. (Japan)	125,000		325,636
Total Information Technology			6,934,297
Materials - 10.8%
Air Liquide SA (France)	6,648		540,606
Antofagasta PLC (United Kingdom)	22,900		165,721
ArcelorMittal (Luxembourg)	19,209		391,944
Barrick Gold Corp. (Canada)	33,186		1,074,177
BASF SE (Germany)	22,500		679,979
Bayer AG (Germany)	14,100		673,650
BHP Billiton PLC (United Kingdom)	47,598		938,897
GMK Norilsk Nickel, Sponsored ADR (Russia)	54,724		333,816

Managers International Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares	Value
Materials - 10.8% (continued)
Gold Fields, Ltd. (South Africa)	42,563	$	478,116
Goldcorp, Inc. (Canada)	25,800		868,458
Impala Platinum Holdings, Ltd. (South Africa)	13,000		219,440
Kinross Gold Corp. (Canada)	21,600		385,992
Mitsubishi Chemical Holdings Corp. (Japan)	97,000		334,762
Newcrest Mining, Ltd. (Australia)	35,458		816,223
Rio Tinto PLC (United Kingdom)	28,302		950,324
Shin-Etsu Chemical Co., Ltd. (Japan)	15,000		736,955
Svenska Cellulosa AB (SCA) (Sweden)	27,200		206,439
Syngenta AG (Switzerland)	3,781		760,029
Taiwan Fertilizer Co., Ltd. (Taiwan)	146,000		300,230
Toray Industries, Inc. (Japan)	115,700		466,448
Yamana Gold, Inc. (Canada)	56,359		526,131
Total Materials			11,848,337
Telecommunication Services - 6.4%
BCE, Inc. (Canada)	18,700		372,576
Bharti Tele-Ventures, Ltd. (India)*	17,307		214,187
France Telecom SA (France)	47,487		1,082,571
Nippon Telegraph & Telephone Corp. (Japan)	19,800		755,661
Swisscom AG (Switzerland)	2,209		620,236
Telecom Italia S.p.A. (Italy)	405,600		522,914
Telecom Italia S.p.A., RSP (Italy)	366,900		373,095
Telefonica S.A. (Spain)	35,700		711,907
Vodafone Group PLC (United Kingdom)	1,353,460		2,359,688
Total Telecommunication Services			7,012,835
Utilities - 4.4%
Centrica PLC (United Kingdom)	215,300		702,807
Ceske Energeticke Zavody (Czech Republic)*	28,951		1,035,419
E.ON AG (Germany)	42,537		1,179,729
Hong Kong and China Gas Co., Ltd., The (Hong Kong)	405,670		639,463
Iberdrola Renovables SAU (Spain)*	135,592		561,587
National Grid PLC (United Kingdom)	42,130		323,578
RWE AG (Germany)	6,110		427,888
Total Utilities			4,870,471
Total Common Stocks (cost $131,303,459)			100,566,984
Other Equities - 0.9%
Hirco PLC (South Africa)*	28,400		29,871
SPDR Gold Shares (United States)*	10,900		984,052
Total Other Equities (cost $1,089,857)			1,013,923
Preferred Stocks - 0.3%
Itau Unibanco Banco Multiplo SA (Brazil)	8,913		98,549
Samsung Electronics Co., Ltd. (South Korea)	900		206,327
Total Preferred Stocks (cost $692,648)			304,876
Warrants - 0.4%
United Microelectronics Corp., 0.000001, 01/24/17 (Luxembourg) (a) (cost $1,087,560)	1,249,915		408,347
Rights - 0.0%#
HSBC Holdings PLC, Rights (United Kingdom) (cost $0)	23,416		47,374

Managers International Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares	Value
Other Investment Companies - 2.8%
BNY Institutional Cash Reserves Fund, Series B*3,9	104,356	$	12,523
Dreyfus Cash Management Fund, Institutional Class Shares, 0.74% 1,11	3,045,847		3,045,847
Total Other Investment Companies (cost $3,150,203)			3,058,370
Total Investments - 95.8% (cost $137,323,727)			105,399,874
Other Assets, less Liabilities - 4.2%			4,661,893
Net Assets - 100.0%		$	110,061,767

Managers Emerging Markets Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares	Value
Common Stocks - 91.7%
Consumer Discretionary - 6.6%
Astra International Tbk PT (Indonesia)	69,000	$	85,411
Cyfrowy Polsat SA (Poland)	43,502		169,487
Denway Motors, Ltd. (Hong Kong)	560,000		216,999
Golden Eagle Retail Group, Ltd. (China)	161,000		105,884
Grupo Televisa S. A. (Mexico)	34,300		467,852
Hyundai Department Store Co., Ltd. (South Korea)	1,536		80,126
Hyundai Mobis Co., Ltd. (South Korea)	4,256		247,160
Hyundai Motor Co., Ltd. (South Korea)	1,950		78,907
LG Electronics, Inc. (South Korea)	7,198		478,904
Lojas Renner, S.A. (Brazil)	29,000		179,519
Maruti Udyog Ltd. (India)	13,871		213,957
Naspers, Ltd. (South Africa)	14,664		248,123
Net Servicos de Comunicacao, S.A. (Brazil)*	69,010		501,269
Parkson Retail Group, Ltd. (China)	141,500		143,540
Resorts World Berhad (Malaysia)	454,700		266,981
Urbi Desarrollos Urbanos S.A. de C.V. (Mexico)*	198,980		175,170
Zee Entertainment Enterprises, Ltd. (India)	112,914		237,298
Total Consumer Discretionary			3,896,587
Consumer Staples - 2.8%
China Mengniu Dairy Co., Ltd. (Hong Kong)	55,000		76,827
Cia Brasileira de Distribuicao Grupo Pao de Acucar (Brazil)	3,232		87,523
ITC, Ltd. (India)	64,821		236,597
KT&G Corp. (South Korea)	3,336		184,137
Kuala Lumpur Kepong Berhad (Malaysia)	59,000		171,637
Shinsegae Co., Ltd. (South Korea)	2,088		655,780
Shufersal, Ltd. (Israel)	37,563		105,400
Wal-Mart de Mexico SAB de CV (Mexico)	47,849		111,743
Total Consumer Staples			1,629,644
Energy - 16.7%
China Petroleum and Chemical Corp., Class H (China)	530,000		339,623
China Resources Power Holdings Co. (Hong Kong)	158,000		331,800
CNOOC, Ltd. (Hong Kong)	1,281,790		1,288,018
LUKOIL Holdings, ADR (Russia)	20,544		774,509
OAO Gazprom - ADR (Russia)	100,159		1,484,143
OAO Rosneft Oil Co. GDR (Russia) (a)*	136,528		600,723
OGX Petroleo e Gas Participacoes, S.A. (Brazil)*	800		248,651
Petroleo Brasileiro, S.A., ADR (Brazil)	60,842		1,490,628
Petroleo Brasileiro, S.A., Sponsored ADR (Brazil)	18,110		551,812
PT Tambang Batubara Bukit Asam Tbk (Indonesia)*	165,500		96,966
PTT Exploration & Production PCL (Thailand)	45,200		124,170
PTT Public Co., Ltd. (Thailand)	40,000		172,124
PTT Public Co., Ltd., ADR (Thailand)	49,900		214,725
Reliance Industries, Ltd. (India)	13,601		409,759
Sasol, Ltd. (South Africa)	25,376		735,594
Tenaris, S.A. (Luxembourg)	18,800		379,196
Tupras Turkiye Petrol Rafine (Turkey)	59,937		600,475
Total Energy			9,842,916
Financials - 20.4%
Banco Bradesco S.A. (Brazil)	79,891		790,921
Banco Santander Chile - ADR (Chile)	2,590		88,966
Bangkok Bank Pcl (Thailand)	33,100		70,033
Bank Hapoalim, Ltd. (Israel)*	84,578		155,857

Managers Emerging Markets Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares	Value
Financials - 20.4% (continued)
Bank of China, Ltd., Class H (China)	2,641,000	$	875,585
Bumiputra-Commerce Holdings Berhad (Malaysia)	148,700		279,708
Cathay Financial Holding Co., Ltd. (Taiwan)	184,000		158,549
China Construction Bank Corp. (China)	618,000		350,826
China Life Insurance Co., Ltd. (China)	118,000		388,103
China Overseas Land & Investment, Ltd. (Hong Kong)	245,573		384,883
Chinatrust Financial Holding Co., Ltd., (Taiwan)	1,411,777		517,852
Commercial International Bank (Egypt)	17,985		102,555
Credicorp, Ltd. (Peru)	10,595		496,270
Egyptian Financial Group-Hermes (Egypt)	37,053		100,404
FirstRand, Ltd. (South Africa)	170,434		217,273
Franshion Properties China, Ltd. (Hong Kong)	588,000		147,213
Haci Omer Sabanci Holding A.S. (Turkey)	150,005		256,757
Housing Development Finance Corporation, Ltd. (India)	21,413		597,539
ICICI Bank Ltd. (India)	8,430		55,401
Industrial and Commercial Bank of China, Ltd. - Class H (China)	1,439,958		748,378
Infrastructure Development Finance Co., Ltd. (India)	317,931		340,259
Itau Unibanco Banco Multiplo SA - ADR (Brazil)	39,548		430,280
Kasikornbank PCL (Thailand)	128,700		164,062
KB Financial Group, Inc. (South Korea)*	4,280		103,532
Ping An Insurance (Group) Co. of China, Ltd. (China)	177,383		1,055,940
PT Bank Rakyat Indonesia (Indonesia)	1,136,113		414,102
Samsung Fire & Marine Insurance Co., Ltd. (South Korea)	4,519		526,285
Sanlam, Ltd. (South Africa)	218,561		388,798
Savings Bank of the Russian Federation (Russia)	203,030		125,292
Sberbank, GDR (Russia)	1,387		144,793
Shinhan Financial Group Co., Ltd. (South Korea)*	7,530		136,203
Siam Commercial Bank PCL (Thailand)	219,100		336,386
Siam Commercial Bank Public Company, Ltd. (Thailand)	75,000		115,148
Sino-Ocean Land Holdings Ltd (China)	389,000		255,957
SinoPac Holdings (Taiwan)	277,000		55,283
Standard Bank Group Ltd. (South Africa)	28,265		237,198
Turkiye Garanti Bankasi A.S. (Turkey)*	147,004		208,064
Turkiye Is Bankasi (Turkey)	82,028		184,064
Total Financials			12,004,719
Health Care - 1.4%
Richter Gedeon Rt (Hungary)	982		107,260
Teva Pharmaceutical Industries, Ltd., Sponsored ADR (Israel)	16,472		742,064
Total Health Care			849,324
Industrials - 6.6%
Beijing Enterprises Holdings, Ltd. (Hong Kong)	66,000		274,938
Bharat Heavy Electricals, Ltd. (India)	9,120		272,102
China Communications Constuction Co., Ltd. (China)	213,000		233,741
China Railway Construction Corp. (China)*	335,300		436,630
China Shipping Development Co., Ltd. (China)	368,000		348,932
Companhia de Concessoes Rodoviarias (Brazil)	14,108		128,749
Copa Holdings, S.A., Class A (Panama)*	10,100		289,567
COSCO Pacific, Ltd. (Bermuda)	290,000		285,586
Hyundai Development Co. (South Korea)	11,605		285,372
IJM Corp. Berhad (Malaysia)	52,100		59,812
Larsen & Toubro, Ltd. (India)	26,387		350,122
Localiza Rent A Car, S.A. (Brazil)	47,958		171,592
Orascom Construction Industries (Egypt)	13,229		316,454

Managers Emerging Markets Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares	Value
Industrials - 6.6% (continued)
PLUS Expressways Berhad (Malaysia)	176,200	$	142,172
Santos Brasil Participacoes, S.A. (Brazil)	17,363		48,652
SM Investments Corp. (Philippines)	29,551		121,645
Weg SA (Brazil)	27,758		137,608
Total Industrials			3,903,674
Information Technology - 10.9%
Advanced Semiconductor Engineering, Inc. (Taiwan)	893,893		436,174
AU Optronics Corp. (Taiwan)	140,000		116,552
Hon Hai Precision Industry Co., Ltd. (Taiwan)	417,619		944,988
Infosys Technologies (India)	7,651		200,585
LG Display Co., Ltd. (South Korea)	28,510		581,886
MediaTek, Inc. (Taiwan)	57,331		539,695
Redecard, S.A. (Brazil)	20,800		252,048
Samsung Electronics Co., Ltd. (South Korea)	3,125		1,291,115
Samsung Electronics Co., Ltd., GDR, (South Korea) (a)*	1,120		229,951
Siliconware Precision Industries Co., Sponsored ADR (Taiwan)	22,512		130,570
Siliconware Precision Industries Co. (Taiwan)	5,871		6,173
Taiwan Semiconductor Manufacturing Co., Ltd. (Taiwan)	500,993		754,421
Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR (Taiwan)	61,727		552,457
Tata Consultancy Services, Ltd. (India)	34,398		366,175
Total Information Technology			6,402,790
Materials - 9.0%
Anglo American PLC (United Kingdom)	19,483		331,768
AngloGold Ashanti, Ltd. (South Africa)	15,033		545,367
Anhui Conch Cement Co., Ltd. (China)	78,936		436,033
China National Building Materials Co., Ltd. (China)	228,000		337,406
Companhia Siderurgica Nacional SA, Sponsored ADR (Brazil)	5,813		86,265
Compania Vale do Rio Doce - ADR (Brazil)	61,167		813,521
Compania Vale do Rio Doce (Brazil)	40,099		452,317
Formosa Chemicals & Fibre Corp. (Taiwan)	679		803
GMK Norilsk Nickel, Sponsored ADR (Russia)	18,826		114,839
Impala Platinum Holdings, Ltd. (South Africa)	17,082		285,873
Israel Chemicals, Ltd. (Israel)	10,173		82,526
KG Chemical Co., Ltd. (South Korea)	2,521		159,576
MMC Norlisk Nickel, ADR (Russia)	16,400		98,305
Novolipetsk Steel, GDR (Russia)	3,158		37,571
POSCO (South Korea)	801		213,450
Raspadskaya (Russia)*	116,495		122,210
Sappi, Ltd. (South Africa)	139,414		268,924
Sociedad Quimica y Minera de Chile SA - ADR (Chile)	5,030		133,597
Taiwan Cement Corp. (Taiwan)	222,000		183,318
Taiwan Fertilizer Co., Ltd. (Taiwan)	89,000		183,017
Uralkaliy OAO (Russia)	12,935		151,472
Usinas Siderurgicas de Minas Gerais, S.A. (Brazil)	21,100		241,948
Total Materials			5,280,106
Telecommunication Services - 15.2%
Advanced Info Service PLC (Thailand)	37,300		86,954
America Movil, S.A.B. de C.V. (Mexico)	22,166		600,255
Bezeq Israeli Telecommunication Corp., Ltd. (Israel)	294,335		461,752
Bharti Tele-Ventures, Ltd. (India)*	47,387		586,449
Brasil Telecom Participacoes SA (Brazil)	5,740		152,102
Cesky Telecom a.s. (Czech Republic)	3,805		75,683

Managers Emerging Markets Equity Fund - March 31, 2009 (unaudited)

Security Description	Shares	Value
Telecommunication Services - 15.2% (continued)
China Communications Services Corp., Ltd. (China)	380,000	$	227,261
China Mobile Ltd. (Hong Kong)	218,500		1,903,334
Chunghwa Telecom Company, Ltd. (Taiwan)	138,918		253,334
Chunghwa Telecom Company, Ltd., ADR (Taiwan)	21,711		395,792
Comstar - United Telesystems GDR (Russia)	58,468		195,732
LG Telecom, Ltd. (South Korea)	32,340		198,066
Mobile Telesystems, Sponsored ADR (Russia)	20,316		607,855
MTN Group Ltd. (South Africa)	40,144		445,418
Philippine Long Distance Telephone Co., ADR (Philippines)	5,507		243,024
Philippine Long Distance Telephone Co. (Philippines)	5,540		247,702
SK Telecom (South Korea)	4,427		615,779
Tele Norte Leste Participacoes S.A. (Brazil)	11,419		158,039
Telecom Egypt Co. (Egypt)	78,906		207,671
Telekom Malaysia Berhad (Malaysia)	215,900		208,488
Telekomunikasi Indonesia Tbk PT (Indonesia)	1,099,567		717,611
Telkom SA, Ltd. (South Africa)	4,656		51,875
Turk Telekomunikasyon A.S. (Turkey)*	58,793		136,038
Turkcell Iletisim Hizmetleri A.S. (Turkey)	38,009		186,189
Total Telecommunication Services			8,962,403
Utilities - 2.1%
Centrais Eletricas Brasileiras SA (Brazil)	6,862		76,318
Ceske Energeticke Zavody (Czech Republic)*	16,417		587,147
Companhia Energetica de Minas Gerais (Brazil)	11,671		172,820
Enersis SA - ADR (Chile)	14,241		215,039
PT Perusahaan Gas Negara (Persero) Tbk (Indonesia)	843,000		157,360
Total Utilities			1,208,684
Total Common Stocks (cost $75,405,143)			53,980,847
Preferred Stocks - 1.4%
Bradespar SA (Brazil)	11,650		113,951
Companhia de Bebidas das Americas (Brazil)	1,562		74,546
Eletropaulo Metropolitana Sao Paulo SA (Brazil)	8,271		116,698
Itau Unibanco Banco Multiplo SA (Brazil)	28,451		314,595
Ultrapar Participacoes SA (Brazil)	8,707		207,940
Total Preferred Stocks (cost $820,272)			827,730
Other Investment Companies - 5.5%1
BNY Institutional Cash Reserves Fund, Series B*3,9	110,742		13,289
Dreyfus Cash Management Fund, Institutional Class Shares, 0.74% 11	3,172,125		3,172,125
Total Other Investment Companies (cost $3,282,867)			3,185,414
Total Investments - 98.6% (cost $79,508,282)			57,993,991
Other Assets, less Liabilities - 1.4%			850,211
Net Assets - 100.0%		$	58,844,202

Managers Bond Fund - March 31, 2009 (unaudited)

Security Description		Principal Amount			Value
Corporate Bonds - 83.4%
Finance - 18.3%
American General Finance Corp.,
5.400%, 12/01/15		$	5,000,000		$	1,849,945
Series MTN, 6.900%, 12/15/17			57,315,000			20,088,163
Bank of America Capital Trust VI, 5.625%, 03/08/35			3,085,000			1,311,489
Barclays Capital Corp.,
4.160%, 02/22/10 (a)	THB		25,000,000			710,238
Series EMTN, 4.100%, 03/22/10 (a)	THB		26,000,000			718,821
BNP Paribas SA DN, 20.800%, 06/13/11 (a) 4	IDR		19,645,500,000			1,099,502
Caterpillar Financial Services Corp., 5.850%, 09/01/17			13,000,000			11,294,933
CIGNA Corp., 6.150%, 11/15/36			6,830,000			4,796,299
CIT Group, Inc.,
5.000%, 02/13/14			120,000			68,793
5.125%, 09/30/14			206,000			124,524
5.500%, 12/20/16	GBP		1,900,000			1,254,053
7.625%, 11/30/12			21,513,000			15,834,235
12.000%, 12/18/18 (a)			33,607,000			19,515,586
Citibank, NA, 15.000%, 07/02/10 (a)	BRL		2,000,000			907,331
Colonial Realty, L.P.,
4.800%, 04/01/11			3,485,000			3,032,549
5.500%, 10/01/15			1,255,000			752,892
Duke Realty, L.P.,
5.950%, 02/15/17			2,210,000			1,321,673
6.500%, 01/15/18			5,000,000			2,944,875
Equity One, Inc., 6.000%, 09/15/17			5,915,000			3,766,690
ERAC USA Finance Co.,
6.375%, 10/15/17 (a)			4,910,000			3,161,569
6.700%, 06/01/34 (a)			1,250,000			699,862
7.000%, 10/15/37 (a)			19,033,000			11,078,386
ERP Operating, L.P.,
5.125%, 03/15/16			600,000			473,435
5.750%, 06/15/17			1,450,000			1,147,633
First Industrial L.P., 5.950%, 05/15/17			15,000,000			7,201,905
Ford Motor Credit Company LLC,
5.700%, 01/15/10			6,815,000			5,837,463
7.000%, 10/01/13			200,000			133,732
8.000%, 12/15/16			3,500,000			2,300,308
8.625%, 11/01/10			195,000			155,318
9.750%, 09/15/10			445,000			366,077
GE Capital Australia Funding Pty., Ltd., 8.000%, Series EMTN, 02/13/12	AUD		3,965,000			2,585,507
General Electric Capital Corp.,
2.960%, 05/18/12	SGD		4,400,000			2,415,503
3.485%, 03/08/12	SGD		16,500,000			9,306,968
6.500%, 09/28/15	NZD		14,950,000			6,839,967
6.625%, 02/04/10	NZD		3,500,000			1,962,306
6.750%, 09/26/16	NZD		6,390,000			2,819,762
GMAC LLC,
5.625%, 05/15/09			265,000			250,828
6.000%, 12/15/11 (a)			1,127,000			767,273
6.625%, 05/15/12 (a)			1,374,000			921,720
6.750%, 12/01/14 (a)			1,019,000			592,182
6.875%, 09/15/11 (a)			158,000			112,278
6.875%, 08/28/12 (a)			253,000			169,907
7.000%, 02/01/12 (a)			763,000	2		527,019

Managers Bond Fund - March 31, 2009 (unaudited)

Security Description		Principal Amount			Value
Finance - 18.3% (continued)
7.250%, 03/02/11 (a)		$	816,000		$	604,199
7.500%, 12/31/13 (a)			584,000			280,717
8.000%, 12/31/18 (a)			1,366,000			396,563
8.000%, 11/01/31 (a)			1,427,000			686,615
Highwoods Realty, L.P.,
5.850%, 03/15/17			3,680,000			2,275,620
7.500%, 04/15/18			2,405,000			1,584,885
ICICI Bank, Ltd., 6.375%, 04/30/22 (a) 6			900,000			506,034
International Lease Finance Corp.,
5.000%, 04/15/10			1,040,000			826,109
5.550%, 09/05/12			345,000			191,266
6.375%, 03/25/13			1,730,000			955,995
6.625%, 12/07/09	GBP		9,140,000			10,097,960
iStar Financial, Inc.,
5.125%, 04/01/11			280,000			115,500
5.150%, 03/01/12			4,360,000			1,569,600
5.375%, 04/15/10			830,000			531,200
5.500%, 06/15/12			260,000			88,400
5.650%, 09/15/11			3,095,000			1,268,950
5.700%, 03/01/14			15,000			4,350
5.743%,10/01/12 (07/01/09) 5			8,095,000			2,448,738
5.800%, 03/15/11			640,000	2		281,600
5.875%, 03/15/16			1,340,000			388,600
5.950%,10/15/13			4,725,000			1,417,500
6.050%, 04/15/15			620,000			179,800
8.625%, 06/01/13			425,000			136,000
JPMorgan Chase & Co.,
16.566%, 05/17/10 (a) 4	BRL		3,600,000			1,296,895
19.545%, 10/21/10 (a) 4	IDR		16,627,462,500			1,076,648
21.368%, 03/28/11 (a) 4	IDR		932,700,000			53,871
21.640%, 04/12/12 (a) 4	IDR		40,733,437,680			1,891,258
Kaupthing Bank,
3.413%, 01/15/10 (a) 8			1,000,000			51,250
5.750%, 10/04/11 (a) 8			10,000,000			512,500
6.125%, 10/04/16 (a) 8			1,800,000			92,250
KfW Bankengruppe, 10.750%, 02/01/10	ISK		20,000,000			164,775
Kinder Morgan Finance Co.,
5.150%, 03/01/15			680,000			571,200
5.700%, 01/05/16			370,000			310,800
Lehman Brothers Holdings, Inc.,
6.000%, 05/03/32 8			1,380,000			138
6.875%, 07/17/37 8			17,410,000			1,741
Marsh & McLennan Companies, Inc.,
5.375%, 07/15/14			4,390,000			3,870,975
5.750%, 09/15/15			11,939,000			10,644,896
5.875%, 08/01/33			10,360,000			6,875,000
MBIA Insurance Corp., 14.000%, 01/15/33 (a) 6			525,000			162,750
Merrill Lynch & Co., Inc.,
4.625%, 09/14/18	EUR		1,750,000			1,297,060
6.110%, 01/29/37			60,150,000			29,895,274
10.710%, 03/08/17	BRL		2,500,000			869,347
Morgan Stanley,
4.750%, 04/01/14			10,715,000			8,760,338
5.550%, 04/27/17			11,000,000			9,788,273
6.625%, 04/01/18			3,095,000			2,951,104

Managers Bond Fund - March 31, 2009 (unaudited)

Security Description		Principal Amount		Value
Finance - 18.3% (continued)
Mutual of Omaha Insurance Co., 6.800%, 06/15/36 (a)		$	13,925,000	$	9,712,799
National City Bank of Indiana, 4.250%, 07/01/18			6,310,000		4,985,727
National City Corp., 6.875%, 05/15/19			1,905,000		1,612,824
ProLogis Trust,
5.625%, 11/15/15			345,000		175,849
5.750%, 04/01/16			280,000		153,877
Qwest Capital Funding, Inc., 6.875%, 07/15/28			1,190,000		749,700
Realty Income Corp., 6.750%, 08/15/19			7,675,000		5,297,930
SLM Corp.,
5.000%, 04/15/15			50,000		23,500
5.000%, 10/01/13			2,060,000		1,095,442
5.125%, 08/27/12			540,000		290,971
5.375%, 01/15/13			2,460,000		1,349,844
5.375%, 05/15/14			300,000		155,459
5.400%, 10/25/11			520,000		322,400
6.500%, 06/15/10 7	NZD		500,000		225,314
8.450%, 06/15/18			18,665,000		10,081,489
Toll Brothers Finance Corp., 5.150%, 05/15/15			3,785,000		3,192,640
Travelers Cos., Inc., The,
6.250%, 06/15/37			15,435,000		14,122,532
6.375%, 03/15/33			3,040,000		2,834,116
6.750%, 06/20/36			2,610,000		2,520,169
White Mountains Insurance Group, Ltd., 6.375%, 03/20/17 (a)			4,555,000		2,722,364
Willis North America, Inc., 6.200%, 03/28/17			5,685,000		3,984,759
Total Finance					326,803,748
Industrial - 53.8%
Abitibi-Consolidated, Inc., 7.500%, 04/01/28			500,000		35,000
Agilent Technologies, Inc., 6.500%, 11/01/17			6,945,000		5,690,907
Albertson’s, Inc.,
6.625%, 06/01/28			1,015,000		746,025
7.450%, 08/01/29			3,195,000		2,651,850
7.750%, 06/15/26			915,000		766,312
American President, Ltd., 8.000%, 01/15/24 7			250,000		175,642
Anadarko Petroleum Corp.,
5.950%, 09/15/16			4,915,000		4,233,191
6.450%, 09/15/36			13,875,000		9,698,139
Anheuser-Busch Companies, Inc.,
5.950%, 01/15/33			6,177,000		4,773,981
6.450%, 09/01/37			7,900,000		6,556,194
Arrow Electronics, Inc., 6.875%, 07/01/13			410,000		398,169
AT&T Corp.,
6.150%, 09/15/34			6,945,000		6,084,681
6.500%, 03/15/29			7,650,000		6,707,398
6.500%, 09/01/37			4,970,000		4,485,037
Avnet, Inc.,
5.875%, 03/15/14			11,000,000		9,461,001
6.000%, 09/01/15			5,340,000		4,394,024
6.625%, 09/15/16			1,370,000		1,141,094
Bell Canada, 5.000%, 02/15/17 (a)	CAD		1,000,000		726,999
BellSouth Corp.,
6.000%, 11/15/34			2,370,000		2,122,845
6.550%, 06/15/34			1,800,000		1,670,476
Bowater, Inc., 6.500%, 06/15/13 8			395,000		35,550
Camden Property Trust, 5.700%, 05/15/17			5,205,000		3,933,330

Managers Bond Fund - March 31, 2009 (unaudited)

Security Description		Principal Amount			Value
Industrial - 53.8% (continued)
Canadian Pacific Railway Co.,
5.750%, 03/15/33		$	195,000		$	138,667
5.950%, 05/15/37			9,340,000			6,517,826
Centex Corp., 5.250%, 06/15/15			1,915,000			1,436,250
Chartered Semiconductor Manufacturing, Ltd., 6.250%, 04/04/13			5,600,000			3,823,534
Cia Brasileira de Bebida, 8.750%, 09/15/13			3,795,000			4,136,550
Clear Channel Communications,
4.250%, 05/15/09			1,500,000			1,335,000
5.750%, 01/15/13			500,000			75,000
Colonial Realty, L.P., 6.050%, 09/01/16			470,000			285,137
Comcast Corp.,
5.650%, 06/15/35			13,285,000			10,520,405
6.500%, 11/15/35			1,320,000			1,165,912
6.950%, 08/15/37			19,230,000			17,907,207
Continental Airlines, Inc.,
5.983%, 04/19/22			16,735,000			12,383,900
6.795%, 08/02/20			43,331			30,765
6.903%, 04/19/22			5,595,000			3,049,275
Corn Products International, Inc., 6.625%, 04/15/37			4,055,000			3,342,703
Corning, Inc.,
6.850%, 03/01/29			9,142,000			6,900,967
7.250%, 08/15/36			1,185,000			892,764
CSX Corp.,
6.000%, 10/01/36			11,635,000			8,171,889
6.250%, 03/15/18			16,400,000			14,127,944
Cummins Engine Co., Inc.,
5.650%, 03/01/98			11,235,000			4,704,094
6.750%, 02/15/27			2,853,000			1,985,146
7.125%, 03/01/28			50,000			34,438
D.R. Horton, Inc., 5.250%, 02/15/15			5,495,000			4,210,544
Delta Air Lines, Inc., 8.021%, 08/10/22			14,658,976			8,832,033
Desarrolladora Homex, S.A. de C.V., 7.500%, 09/28/15			2,725,000			1,839,375
Dillards, Inc., 7.000%, 12/01/28			225,000			76,500
DP World, Ltd., 6.850%, 07/02/37 (a)			28,350,000			13,564,029
Duke Energy Field Services LLC, 6.450%, 11/03/36 (a)			2,615,000			1,695,184
Dun & Bradstreet Corp., The, 6.000%, 04/01/13			32,120,000			32,769,434
El Paso Corp.,
6.950%, 06/01/28			1,030,000			710,307
7.000%, 05/15/11			500,000			478,212
Energy Transfer Partners, L.P.,
6.125%, 02/15/17			700,000			624,543
6.625%, 10/15/36			1,805,000			1,342,166
Enterprise Products Operating L.P., 6.300%, 09/15/17			8,440,000			7,779,342
Equifax, Inc., 7.000%, 07/01/37			5,470,000			3,885,210
Equitable Resources, Inc., 6.500%, 04/01/18			35,420,000			31,258,717
Eurofima, 11.000%, 02/05/10	ISK		60,000,000			494,163
Federated Retail Holdings, Inc., 6.375%, 03/15/37			14,065,000			7,832,531
Foot Locker, Inc., 8.500%, 01/15/22			570,000			458,850
Ford Motor Co., 6.375%, 02/01/29			1,990,000			597,000
Freescale Semiconductor, Inc., 10.125%, 12/15/16			1,275,000			229,500
General Motors Corp.,
7.400%, 09/01/25			570,000			65,550
8.250%, 07/15/23			3,535,000	2		415,362
8.375%, 07/15/33			135,000			16,200

Managers Bond Fund - March 31, 2009 (unaudited)

Security Description	Principal Amount		Value
Industrial - 53.8% (continued)
Georgia-Pacific Corp.,
7.250%, 06/01/28	$	1,245,000	$	865,275
7.750%, 11/15/29		1,615,000		1,195,100
8.000%, 01/15/24		1,695,000		1,347,525
8.875%, 05/15/31		2,750,000		2,200,000
GTE Corp., 6.940%, 04/15/28		130,000		116,407
HCA, Inc.,
5.750%, 03/15/14		5,960,000		3,903,800
6.250%, 02/15/13		2,200,000		1,650,000
6.375%, 01/15/15		2,330,000		1,526,150
6.625%, 02/15/16		6,850,000		4,486,750
6.750%, 07/15/13		190,000		142,025
7.050%, 12/01/27		1,685,000		818,652
7.190%, 11/15/15		1,090,000		736,339
7.500%, 12/15/23		1,172,000		620,963
7.500%, 11/06/33		925,000		462,500
7.580%, 09/15/25		1,680,000		862,026
7.690%, 06/15/25		2,589,000		1,348,367
7.750%, 07/15/36		330,000		166,913
8.360%, 04/15/24		2,105,000		1,180,322
Home Depot, Inc., The,
5.400%, 03/01/16		258,000		231,916
5.875%, 12/16/36		19,844,000		14,053,144
Hospira, Inc., 6.050%, 03/30/17		3,395,000		3,030,000
Hutchison Whampoa International, Ltd., 5.450%, 11/24/10 (a)		2,225,000		2,298,643
International Paper Co.,
4.000%, 04/01/10		1,000,000		951,503
5.500%, 01/15/14		550,000		436,537
7.950%, 06/15/18		48,010,000		36,592,598
Intuit, Inc., 5.750%, 03/15/17		3,560,000		3,100,215
iStar Financial, Inc., 5.850%, 03/15/17		325,000		94,250
J.C. Penney Co., Inc.,
5.750%, 02/15/18		4,660,000		3,277,159
6.375%, 10/15/36		12,955,000		8,098,922
7.125%, 11/15/23		18,000		12,572
7.400%, 04/01/37		4,205,000		2,670,537
7.625%, 03/01/97		5,035,000		3,193,252
Johnson & Johnson, 5.950%, 08/15/37		15,020,000		15,872,235
Kinder Morgan Energy Partners L.P.,
5.800%, 03/15/35		3,360,000		2,492,928
5.950%, 02/15/18		44,630,000		40,633,919
KLA Instruments Corp., 6.900%, 05/01/18		24,365,000		19,259,558
Koninklijke KPN, N.V., 8.375%, 10/01/30		815,000		844,413
Koninklijke Philips Electronics, N.V., 6.875%, 03/11/38		22,735,000		22,054,541
Kraft Foods, Inc.,
6.500%, 11/01/31		13,635,000		12,648,181
7.000%, 08/11/37		7,280,000		7,217,064
Kroger Co., The, 6.400%, 08/15/17		3,060,000		3,141,341
Lennar Corp.,
5.500%, 09/01/14		1,900,000		1,368,000
5.600%, 05/31/15		2,740,000		1,952,250
6.500%, 04/15/16		2,340,000		1,684,800
Lowe’s Companies, Inc.,
5.500%, 10/15/35		175,000		153,602
6.650%, 09/15/37		6,420,000		6,315,052

Managers Bond Fund - March 31, 2009 (unaudited)

Security Description	Principal Amount			Value
Industrial - 53.8% (continued)
Lowe’s Companies, Inc.,
6.875%, 02/15/28	$	500,000		$	493,064
Lubrizol Corp., 6.500%, 10/01/34		16,940,000			12,936,231
Lucent Technologies, Inc.,
6.450%, 03/15/29		4,335,000			1,647,300
6.500%, 01/15/28		305,000			115,900
Macy’s Retail Holdings, Inc.,
6.790%, 07/15/27		3,600,000			1,840,795
6.900%, 04/01/29		340,000			171,518
Marks & Spencer Group PLC, 7.125%, 12/01/37 (a)		4,725,000			2,761,819
Masco Corp., 5.850%, 03/15/17		8,150,000			5,097,744
Medco Health Solutions, Inc., 7.125%, 03/15/18		33,040,000			32,791,012
Missouri Pacific Railroad Co., 5.000%, 01/01/45 7		825,000			453,750
Motorola, Inc.,
5.220%, 10/01/97		895,000			360,211
6.500%, 09/01/25		1,345,000			854,079
6.500%, 11/15/28		1,430,000			905,969
8.000%, 11/01/11		1,075,000			986,076
New England Telephone & Telegraph Co., 7.875%, 11/15/29		2,390,000			2,230,183
Newmont Mining Corp., 5.875%, 04/01/35		11,660,000			8,904,241
News America, Inc.,
6.150%, 03/01/37		4,075,000			2,971,131
6.200%, 12/15/34		3,440,000			2,474,595
6.400%, 12/15/35		5,820,000			4,311,695
Nextel Communications, Inc.,
5.950%, 03/15/14		18,220,000			10,112,100
6.875%, 10/31/13		20,000			11,400
7.375%, 08/01/15		3,775,000			2,000,750
NGPL Pipeco LLC, 7.119%, 12/15/17 (a)		21,980,000			20,153,572
Northwest Airlines, Inc., 8.028%, 11/01/17		9,330,000	2		5,411,400
ONEOK Partners, L.P., 6.650%, 10/01/36		2,650,000			1,983,631
Owens & Minor, Inc., 6.350%, 04/15/16 7		1,355,000			1,218,579
Owens Corning, Inc.,
6.500%, 12/01/16		2,655,000			1,947,854
7.000%, 12/01/36		4,990,000			2,796,306
Panhandle Eastern Pipe Line Co., L.P.,
6.200%, 11/01/17		5,520,000			4,731,380
7.000%, 06/15/18		26,505,000			23,708,590
PF Export Rec Master Trust, 6.436%, 06/01/15 (a)		504,336			509,380
Plains All American Pipeline L.P.,
6.125%, 01/15/17		2,770,000			2,353,547
6.650%, 01/15/37		5,960,000			4,319,832
6.500%, 05/01/18		8,975,000			7,757,308
Pulte Homes, Inc.,
6.000%, 02/15/35		10,320,000			6,295,200
6.375%, 05/15/33		4,670,000			2,848,700
Series $, 5.200%, 02/15/15		3,165,000			2,504,306
Qantas Airways, Ltd., 6.050%, 04/15/16 (a)		11,800,000			9,994,742
Questar Market Resources, Inc., 6.800%, 04/01/18		27,465,000			24,584,334
Qwest Capital Funding, Inc.,
6.500%, 11/15/18		620,000			421,600
7.625%, 08/03/21		2,135,000			1,515,850
Qwest Corp.,
6.500%, 06/01/17		155,000			128,650
6.875%, 09/15/33		7,209,000			4,721,895

Managers Bond Fund - March 31, 2009 (unaudited)

Security Description		Principal Amount			Value
Industrial - 53.8% (continued)
Qwest Corp.,
7.200%, 11/10/26		$	435,000		$	295,800
7.250%, 09/15/25			1,085,000			716,100
7.250%, 10/15/35			2,165,000			1,407,250
7.500%, 06/15/23			839,000			633,445
R.H. Donnelley Corp., Series A-1, 6.875%, 01/15/13			1,345,000			73,975
R.H. Donnelley Corp., Series A-2, 6.875%, 01/15/13			1,060,000			58,300
R.H. Donnelley Corp.,
6.875%, 01/15/13			430,000			23,650
8.875%, 01/15/16			1,535,000			88,262
8.875%, 10/15/17			245,000			13,475
Raytheon Co.,
7.000%, 11/01/28			1,500,000			1,592,306
7.200%, 08/15/27			800,000			880,280
Reynolds American, Inc.,
6.750%, 06/15/17			8,170,000			6,974,672
7.250%, 06/15/37			2,000,000			1,460,340
Samsung Electronics Co., Ltd., 7.700%, 10/01/27 (a)			4,180,000			4,001,844
Simon Property Group, L.P., 5.750%, 12/01/15			445,000			343,569
Southern Natural Gas Co., 5.900%, 04/01/17 (a)			4,765,000			4,152,702
Sprint Capital Corp.,
6.000%, 12/01/16			48,000			34,320
6.875%, 11/15/28			27,000			16,470
Talisman Energy, Inc.,
5.850%, 02/01/37			3,674,000			2,479,634
6.250%, 02/01/38			3,635,000			2,564,231
Target Corp.,
6.500%, 10/15/37			1,381,000			1,223,744
7.000%, 01/15/38			25,054,000			23,468,859
Teck Cominco Ltd., 7.000%, 09/15/12			1,000,000			665,000
Telecom Italia Capital S.p.A.,
6.000%, 09/30/34			3,210,000			2,190,035
6.375%, 11/15/33			3,170,000			2,309,681
Telekom Malaysia Berhad, 7.875%, 08/01/25 (a)			250,000			247,808
TELUS Corp., 4.950%, 03/15/17	CAD		7,115,000			5,251,771
Tennessee Gas Pipeline Co., 7.000%, 10/15/28			1,605,000			1,365,304
Texas Eastern Transmission, L.P., 6.000%, 09/15/17 (a)			3,000,000			2,962,806
Time Warner, Inc., 6.500%, 11/15/36			3,360,000			2,763,681
Toro Co., The, 6.625%, 05/01/37 7			6,810,000			5,180,564
Transocean, Inc., 7.375%, 04/15/18			500,000			513,306
U.S. Steel Corp.,
6.050%, 06/01/17			2,115,000			1,308,603
6.650%, 06/01/37			3,595,000			2,030,762
7.000%, 02/01/18			22,850,000			15,593,206
Union Pacific Corp., 5.375%, 06/01/33			2,525,000			2,009,092
United Airlines, Inc., 6.636%, 07/02/22			17,354,410	2		11,453,910
UnitedHealth Group, Inc.,
5.800%, 03/15/36			13,506,000			10,457,979
6.500%, 06/15/37			310,000			257,597
6.625%, 11/15/37			1,540,000			1,278,040
USG Corp., 6.300%, 11/15/16			1,410,000			775,500
V.F. Corp., 6.450%, 11/01/37			9,334,000			8,059,582
Vale Overseas Ltd., 6.875%, 11/01/36			3,665,000			3,164,870
Verizon Global Funding Corp., 5.850%, 09/15/35			8,900,000			7,561,582
Verizon Maryland, Inc., 5.125%, 06/15/33			1,055,000			730,839

Managers Bond Fund - March 31, 2009 (unaudited)

Security Description	Principal Amount		Value
Industrial - 53.8% (continued)
Verizon New England, Inc., 6.500%, 09/15/11	$	850,000	$	880,852
Verizon New York, Inc., Series B, 7.375%, 04/01/32		3,090,000		2,867,013
Viacom, Inc., 6.875%, 04/30/36		4,160,000		3,035,165
Vondafone Group PLC, 6.150%, 02/27/37		13,185,000		12,431,846
Watson Pharmaceuticals, Inc., Convertible 1.750%, 03/15/23		515,000		496,331
Weatherford International, Inc., 6.500%, 08/01/36		1,565,000		1,101,708
Wellpoint, Inc., 6.375%, 06/15/37		13,650,000		11,758,369
Western Union Co., 6.200%, 11/17/36		12,735,000		10,172,871
Weyerhaeuser Co., 6.875%, 12/15/33		12,890,000		7,914,280
White Pine Hydro LLC,
6.310%, 07/10/17 (a) 7		1,700,000		1,512,682
6.960%, 07/10/37 (a) 7		1,645,000		1,258,545
Williams Co., Inc., Series A, 7.500%, 01/15/31		1,000,000		790,000
XTO Energy, Inc.,
6.100%, 04/01/36		190,000		160,734
6.750%, 08/01/37		2,770,000		2,521,021
Total Industrial				957,810,598
Utility - 11.3%
Abu Dhabi National Energy Co. PJSC, 7.250%, 08/01/18 (a)		21,130,000		20,117,302
Ameren Energy Generating Co., 7.000%, 04/15/18		22,700,000		21,347,216
Baltimore Gas & Electric Co., 5.200%, 06/15/33		1,470,000		967,619
Bruce Mansfield Unit 1 2, 6.850%, 06/01/34 7		10,805,000		8,406,488
Cleveland Electric Illuminating Co., The, 5.950%, 12/15/36		15,645,000		12,062,060
Commonwealth Edison Co.,
4.700%, 04/15/15		1,465,000		1,339,451
5.875%, 02/01/33		5,000,000		4,117,775
Constellation Energy Group, Inc., 4.550%, 06/15/15		1,675,000		1,376,113
Dominion Resources, Inc., 5.950%, 06/15/35		740,000		626,234
Empresa Nacional de Electricidad, Yankee, 7.875%, 02/01/27		2,900,000		2,973,837
Enersis SA, Yankee, 7.400%, 12/01/16		225,000		233,118
Illinois Power Co., 6.250%, 04/01/18		26,000,000		23,764,676
ITC Holdings Corp.,
5.875%, 09/30/16 (a)		2,410,000		2,269,220
6.375%, 09/30/36 (a)		3,605,000		3,037,339
Mackinaw Power LLC, 6.296%, 10/31/23 (a)		9,647,621		8,410,313
Methanex Corp., 6.000%, 08/15/15		3,825,000		2,600,901
MidAmerican Energy Holdings Co.,
5.875%, 10/01/12		750,000		778,631
6.125%, 04/01/36		2,305,000		2,044,115
6.500%, 09/15/37		6,450,000		5,964,760
NiSource Finance Corp.,
6.150%, 03/01/13		1,250,000		1,091,762
6.400%, 03/15/18		27,910,000		22,583,572
6.800%, 01/15/19		11,625,000		9,342,106
ONEOK, Inc., 6.000%, 06/15/35		9,210,000		6,295,210
Southwestern Electric Power Co., 6.450%, 01/15/19		39,195,000		36,280,069
Tenaga Nasional Berhad, 7.500%, 11/01/25 (a)		2,000,000		1,783,154
Toledo Edison Co., 6.150%, 05/15/37		2,390,000		1,683,805
Total Utility				201,496,846
Total Corporate Bonds (cost $1,920,688,079)				1,486,111,192

Managers Bond Fund - March 31, 2009 (unaudited)

Security Description		Principal Amount			Value
Foreign Government Obligations - 5.4%
Alberta, Province of, Series CS, Sinking Fund, 5.930%, 09/16/16	CAD		145,994		$	129,844
Brazil, Republic of,
10.250%, 01/10/28	BRL		5,750,000			2,268,025
12.500%, 01/05/22	BRL		5,160,000	2		2,324,475
Canadian Government,
2.750%, 12/01/10	CAD		7,940,000			6,482,990
3.750%, 09/01/11	CAD		4,160,000			3,499,145
3.750%, 06/01/12	CAD		12,235,000			10,417,022
5.250%, 06/01/12	CAD		7,870,000			6,989,993
5.750%, 06/01/33	CAD		2,145,000			2,277,191
European Investment Bank,
4.600%, 01/30/37 (a)	CAD		7,270,000			5,294,680
5.632%, 03/10/21 4	AUD		5,000,000			1,791,043
7.000%, 01/18/12	NZD		4,746,000			2,857,924
11.250%, 02/14/13	BRL		13,490,000	2		6,036,844
17.988%, 04/24/13 (a) 4	IDR		50,074,770,000			2,152,067
Inter-American Development Bank,
6.000%, 12/15/17	NZD		4,215,000			2,377,502
13.266%, 05/11/09 4	BRL		6,500,000			2,759,996
13.573%, 05/20/13 4	IDR		45,580,000,000			2,291,426
Series EMTN, 13.381%, 09/23/13 4	IDR		33,430,000,000			1,619,858
International Bank for Reconstruction & Development,
9.500%, 05/27/10	ISK		179,000,000			1,464,610
Series GDIF, 1.430%, 03/05/14	SGD		5,800,000			3,725,507
Mexican Fixed Rate Bonds, 8.000%, 12/07/23	MXN		141,360,000			9,909,071
Mexican Government, 9.000%, 12/20/12	MXN		54,500,000			4,112,220
New South Wales Treasury Corp., Series 10RG, 7.000%, 12/01/10	AUD		10,320,000			7,584,804
Province of Manitoba Canada, 6.360%, 09/01/15	NZD		5,000,000			2,865,094
Queensland Treasury Corp., 7.125%, 09/18/17 (a)	NZD		7,500,000			4,638,071
Total Foreign Government Obligations (cost $114,081,341)						95,869,402
Municipal Bonds - 1.8%
Alabama Public School & College Authority, Capital Improvement Bond, 4.500%, 12/01/26		$	600,000			578,694
Buckeye Tobacco Settlement Financing Authority, Asset-A-2, 5.875%, 06/01/47 7			5,035,000			2,759,885
Chicago Illinois Board of Education, Dedicated-Series B, 4.750%, 12/01/31			1,040,000			942,042
Chicago Illinois O’Hare International Airport Revenue Bond, Series A, 4.500%, 01/01/38			315,000			275,052
District of Columbia, Series A, 4.750%, 06/01/36			600,000			535,614
Florida State Turnpike Authority, Revenue Bond, Department of Transportation, Series A, 3.500%, 07/01/27			600,000			461,826
Green Bay Wisconsin, Water System Revenue Refunding Bonds, 3.500%, 11/01/26 (FSA Insured)			410,000			337,483
Green Bay Wisconsin, Water System Revenue Refunding Bonds, 3.500%, 11/01/29 (FSA Insured)			445,000			343,994
Grosse Pointe Michigan Public School System, 3.000%, 05/01/27			365,000			269,136
Harris County Texas, Road Bonds, Series B, 4.500%, 10/01/31			1,715,000			1,590,165
JEA Florida Water & Sewer System Revenue Bond, Series B, 4.750%, 10/01/41			955,000			829,800
Louisianna State, Series C, 3.250%, 05/01/26 (FSA Insured)			605,000			431,250
Massachusetts State School Building Authority, Dedicated Sales Tax Revenue Bond, Series A, 4.750%, 08/15/32			600,000			561,378
Michigan Tobacco Settlement Financial Authority Series A, 7.309%, 06/01/34 7			3,135,000			1,830,056
Omaha Public Power District (Nebraska), Electric System Subordinated Revenue Bonds, Series AA, 4.500%, 02/01/34			1,505,000			1,349,654

Managers Bond Fund - March 31, 2009 (unaudited)

Security Description	Principal Amount		Value
Municipal Bonds - 1.8% (continued)
San Diego California Unified School District, Refunding Bonds, Election 1998, Series F-1, 4.500%, 07/01/29	$	630,000	$	569,148
San Jose California Redevelopment Agency Tax Allocation, Series C, 3.750%, 08/01/28		765,000		523,711
San Jose Redevelopment Agency, 3.750%, 08/01/28		280,000		199,746
State of California, 4.500%, 08/01/27 (AMBAC Insured)		950,000		806,256
State of California, 4.500%, 08/01/30 (AMBAC Insured)		770,000		632,678
State of California, 4.500%, 10/01/29		2,655,000		2,200,730
State of California, 4.500%, 08/01/30		665,000		546,404
State of California, Variable Purpose Bond, 3.250%, 12/01/27		495,000		331,600
State of California, Variable Purpose Bond, 4.500%, 12/01/33		2,330,000		1,852,769
Tobacco Settlement Financing Corp., VA, 6.706%, 06/01/46 7		22,190,000		10,926,579
University of California Regents Medical Center, Series A, 4.750%, 05/15/31		165,000		146,893
Wisconsin Housing & Economic Development Authority, Revenue Bonds, Series E, 4.900%, 11/01/35		155,000		139,889
Total Municipal Bonds (cost $47,173,623)				31,972,432
Asset-Backed Securities - 3.8%
ARG Funding Corp., Series 2005-2A, Class A5, 2.639%, 05/20/11 (04/20/09) (a) 5		14,830,000		10,923,031
Capital One Auto Finance Trust 2006-C A4, 0.586%, 05/15/13 (04/15/09) 5		14,765,000		10,810,667
Citibank Credit Card Issuance Trust, Series 2008-C6, Class C6, 0.926%, 06/20/14 5		1,175,000		1,011,567
Chase Issuance Trust, Series 2007-B1, Class B1, 0.806%, 04/15/19 (04/15/09) 5		17,040,000		6,456,269
Chase Issuance Trust, Series 2005-C1, Class C1, 6.590%, 11/15/12 (04/15/09)		7,270,000		7,157,887
CIT Equipment Collateral, Series 2008-VT1, Class A3, 6.300%, 12/22/14		15,450,000		11,029,372
Community Program Loan Trust, Series 87-A, Class A4, 4.500%, 10/01/18		95,738		96,243
Community Program Loan Trust, Series 87-A, Class A5, 4.500%, 04/01/29		3,225,000		2,972,465
MBNA Credit Card Master Note Trust, Series 2002-C1, Class C1, 0.736%, 07/15/14		10,405,000		9,025,576
MBNA Credit Card Master Note Trust, Series 2005-B2, Class B, 6.800%, 12/17/12 (04/15/09) 5		6,911,000		4,959,267
Merrill Auto Trust Securitization, Series 2008-1, Class B, 6.750%, 04/15/15		4,035,000		3,262,491
Total Asset-Backed Securities (cost $87,457,324)				67,704,835
U.S. Government Agency Obligations - 0.4%
Federal Home Loan Mortgage Corporation - 0.0%#
FHLMC, Gold, 5.000%, 12/01/31		171,679		178,039
Federal National Mortgage Association - 0.4%
FNMA, 4.000%, 10/01/18		3,600,846		3,692,893
FNMA, 4.000%, 10/01/18		3,336,882		3,422,181
FNMA, 6.000%, 07/01/29		15,803		16,660
Total Federal National Mortgage Association				7,131,734
Total U.S. Government Agency Obligations (cost $6,978,793)				7,309,773
Mortgage-Backed Securities - 0.3%
Bank of America-First Union, Series 2001, 5.464%, 04/11/37		1,500,000		1,448,023
Credit Suisse Mortgage Capital, Series 2007-C5, Class A4, 5.695%, 09/15/40 6		1,704,000		1,113,039
CS First Boston Mortgage Securities Corp., Series 2005-7, Class 3A1, 5.000%, 08/25/20		2,647,928		2,374,860
JPMorgan Chase Commercial Mortgage, Series 2007-LD11, Class A4, 5.819%, 06/15/49 6		305,000		209,767
Total Mortgage-Backed Securities (cost $5,072,009)				5,145,689

Managers Bond Fund - March 31, 2009 (unaudited)

Security Description	Shares	Value
Preferred Stocks - 0.7%
Bank of America Corp., 6.375%	20,000	$	163,000
Bank of America Corp., Series L, 7.250%	7,808		3,314,496
CIT Group, Inc., The, Series C, 8.750%	2,500		45,500
Comcast Corp. Series B, 7.000%	207,547		4,177,922
Entergy New Orleans, Inc., 4.750%	482		33,363
Entergy New Orleans, Inc., 5.560%	100		7,659
FHLMC, 5.570%*	307,950		117,021
FHLMC, 6.000%*	19,800		17,622
FHLMC, 8.375%*6	605,747		278,644
FHLMC, Series F, 5.000%*	15,400		13,860
FHLMC, Series K, 5.790%*	45,200		34,804
FHLMC, Series O, 5.810%*	15,850		12,363
FHLMC, Series R, 5.700%*	24,500		20,335
FHLMC, Series T, 6.420%*	14,300		11,440
FHLMC, Series U, 5.900%*	35,100		14,391
FHLMC, Series W, 5.660%*	70,700		28,280
FHLMC, Series Y, 6.550%*	67,825		27,808
FNMA, 5.125%*	28,100		19,389
FNMA, 8.250%*6	1,125,850		799,354
FNMA Series H, 5.810%*	9,050		10,408
FNMA, Series I, 5.375%*	21,500		30,745
FNMA, Series M, 4.750%*	30,700		22,411
FNMA, Series Q, 6.750%*	13,950		6,975
Lehman Brothers Holdings Capital Trust V, Series M, 6.000%	7,550		151
Lehman Brothers Holdings, Inc., 5.670% 8	14,058		84
Lehman Brothers Holdings, Inc., 6.500% 8	65,312		163
Lehman Brothers Holdings, Inc., 7.950% 8	67,204		370
Lehman Brothers Holdings, Inc., Series C, 5.940% 8	14,887		15
Lehman Brothers Holdings, Inc., Series P, 7.250% 8	7,180		5,313
Newell Financial Trust I, 5.250%	90,628		1,682,282
Preferred Blocker, Inc. 9.000% (a)	1,560		310,586
SLM Corp., 6.000%	41,250		381,562
Sovereign Capital Trust IV, 4.375%	34,236		676,161
Wisconsin Electric Power Co., 3.600%	3,946		245,269
Total Preferred Stocks (cost $78,353,211)			12,509,746
Other Investment Companies - 3.3%1
BNY Institutional Cash Reserves Fund, Series A, 0.22% 3	10,026,106		10,026,106
BNY Institutional Cash Reserves Fund, Series B*3,9	1,652,054		198,247
BNY Institutional Cash Reserves Fund, Series C*3,10	1,219,810		1,219,810
Dreyfus Cash Management Fund, Institutional Class Shares, 0.74% 11	31,358,779		31,358,779
JPMorgan Liquid Assets Money Market Fund, Capital Shares, 0.81% 11	16,107,497		16,107,497
Total Other Investment Companies (cost $60,364,246)			58,910,439
Total Investments - 99.1% (cost $2,320,168,626)			1,765,533,508
Other Assets, less Liabilities - 0.9%			15,442,647
Net Assets - 100.0%		$	1,780,976,155

Managers Global Bond Fund - March 31, 2009 (unaudited)

Security Description		Principal Amount		Value
Corporate Bonds - 58.6%
Finance - 20.7%
BSkyB Finance PLC, 5.750%, 10/20/17	GBP	5,000		$	6,563
Canara Bank, 6.365%, 11/28/21 6	USD	400,000			305,867
CIT Group, Inc.,
4.250%, 03/17/15	EUR	50,000			31,886
4.650%, 09/19/16	EUR	50,000			31,222
5.500%, 12/01/14	GBP	620,000			435,906
Citigroup, Inc., 5.000%, 09/15/14	USD	880,000			583,353
Depfa ACS Bank, 1.650%, 12/20/16	JPY	70,000,000			451,051
ERAC USA Finance Co.,
6.375%, 10/15/17 (a)	USD	220,000			141,659
6.700%, 06/01/34 (a)	USD	240,000			134,374
7.000%, 10/15/37 (a)	USD	60,000			34,924
General Electric Capital Corp., 3.250%, 04/15/13 (b)	USD	460,000	2		421,694
Goldman Sachs Group, Inc.,
4.185%, 05/23/16	EUR	350,000			321,051
6.875%, 01/18/38	GBP	200,000			184,779
Host Hotels & Resorts, L.P.,
6.375%, 03/15/15	USD	35,000			25,900
6.875%, 11/01/14	USD	400,000			308,000
HSBC Finance Corp., 1.790%, 09/18/15	JPY	100,000,000			566,518
ICICI Bank, Ltd., 6.375%, 04/30/22 (a) 6	USD	280,000			157,433
ISA Capital do Brasil SA, 7.875%, 01/30/12 (a)	USD	100,000			95,500
KfW Bankengruppe,
1.350%, 01/20/14	JPY	49,000,000			491,079
1.750%, 03/23/10	JPY	17,000,000			173,524
2.050%, 02/16/26	JPY	35,000,000			330,246
2.600%, 06/20/37	JPY	68,000,000			664,267
Morgan Stanley,
4.750%, 04/01/14	USD	275,000			224,834
Series EMTN, 5.375%, 11/14/13	GBP	120,000			146,252
Muenchener Hypothekenbank eG, 5.000%, 01/16/12 (a)	EUR	325,000			458,663
Oesterreichische Kontrollbank AG, 1.800%, 03/22/10	JPY	55,000,000	2		557,954
ProLogis, 6.625%, 05/15/18	USD	60,000			30,414
Qwest Capital Funding, Inc., 6.875%, 07/15/28	USD	15,000			9,450
SLM Corp., 5.000%, 10/01/13	USD	295,000			156,872
Wells Fargo & Co., 4.625%, 11/02/35	GBP	350,000			362,927
White Mountains Insurance Group, Ltd., 6.375%, 03/20/17 (a)	USD	285,000			170,335
Total Finance					8,014,497
Industrial - 33.2%
Ahold Finance USA, Inc., Series EMTN, 6.500%, 03/14/17	GBP	195,000			260,209
Albertson’s, Inc.,
6.625%, 06/01/28	USD	65,000			47,775
7.450%, 08/01/29	USD	295,000			244,850
7.750%, 06/15/26	USD	5,000			4,188
Axtel S.A.B. de C.V., 7.625%, 02/01/17 (a)	USD	210,000			138,600
Bell Aliant Regional Communications, 5.410%, 09/26/16	CAD	320,000			227,716
Bell Canada,
5.000%, 02/15/17 (a)	CAD	160,000			116,320
6.100%, 03/16/35 (a)	CAD	45,000			28,202
6.550%, 05/01/29 (a)	CAD	10,000			6,628
7.300%, 02/23/32 (a)	CAD	25,000			17,927
Bertelsmann AG, 3.625%, 10/06/15	EUR	380,000			417,557

Managers Global Bond Fund - March 31, 2009 (unaudited)

Security Description		Principal Amount		Value
Industrial - 33.2% (continued)
Bite Finance International, 7.385%, 03/15/14	EUR	170,000		$	90,345
Bristol-Myers Squibb Co., 4.625%, 11/15/21	EUR	150,000			182,814
British Sky Broadcasting Group PLC, 6.100%, 02/15/18 (a)	USD	460,000			400,278
Canadian Pacific Railway Co.,
5.750%, 03/15/33	USD	30,000			21,333
5.950%, 05/15/37	USD	55,000			38,381
Cemex Finance Europe BV, 4.750%, 03/05/14	EUR	350,000			211,580
Chesapeake Energy Corp.,
6.250%, 01/15/17	EUR	100,000		$	98,317
6.500%, 08/15/17	USD	115,000			93,725
6.875%, 11/15/20	USD	170,000			133,025
Citizens Communications Co.,
6.625%, 03/15/15	USD	115,000			97,175
7.125%, 03/15/19	USD	130,000			102,050
9.000%, 08/15/31	USD	65,000			44,606
Community Health Systems, Inc., 8.875%, 07/15/15	USD	225,000			212,625
Couche-Tard US LP/Couche-Tard Finance Corp., 7.500%, 12/15/13	USD	160,000			157,200
CSX Corp.,
5.600%, 05/01/17	USD	60,000	2		50,471
6.000%, 10/01/36	USD	386,000			271,109
6.250%, 03/15/18	USD	40,000			34,458
Delta Air Lines, Inc.,
6.821%, 08/10/22	USD	335,797			224,984
8.021%, 08/10/22	USD	110,251			66,426
Desarrolladora Homex, S.A. de C.V., 7.500%, 09/28/15	USD	380,000	2		256,500
DP World, Ltd., 6.850%, 07/02/37 (a)	USD	900,000			430,605
Edcon Proprietary Ltd., 4.900%, 06/15/14 (06/15/09) (a) 5	EUR	510,000			254,095
Embarq Corp., 7.995%, 06/01/36	USD	110,000			82,500
Energy Transfer Partners, L.P.,
6.625%, 10/15/36	USD	425,000			316,022
6.700%, 07/01/18	USD	90,000			81,462
Finmeccanica SpA, 4.875%, 03/24/25	EUR	300,000			297,352
Georgia-Pacific Corp., 7.125%, 01/15/17 (a)	USD	45,000			41,625
Hanaro Telecom, Inc., 7.000%, 02/01/12 (a)	USD	50,000			44,750
HCA, Inc.,
6.375%, 01/15/15	USD	70,000			45,850
6.625%, 02/15/16	USD	160,000			104,800
7.580%, 09/15/25	USD	20,000			10,262
7.690%, 06/15/25	USD	25,000			13,020
Hilcorp Energy I LP/Hilcorp Finance Co., 7.750%, 11/01/15 (a)	USD	170,000			124,100
Home Depot, Inc., The, 5.875%, 12/16/36	USD	250,000			177,045
Host Hotels & Resorts, L.P., 6.750%, 06/01/16	USD	140,000			102,200
Imperial Tobacco Finance PLC, 4.375%, 11/22/13	EUR	50,000			59,251
International Paper Co., 7.950%, 06/15/18	USD	215,000			163,870
Kinder Morgan Energy Partners L.P., 5.800%, 03/15/35	USD	240,000			178,066
KLA Instruments Corp., 6.900%, 05/01/18	USD	345,000			272,709
Koninklijke KPN, N.V., 4.750%, 01/17/17	EUR	250,000			306,934
Lafarge S.A.,
4.750%, 03/23/20	EUR	215,000			179,817
5.375%, 06/26/17	EUR	150,000			143,093
LPG International, Inc., 7.250%, 12/20/15	USD	120,000			110,700
Lucent Technologies, Inc., 6.450%, 03/15/29	USD	595,000			226,100

Managers Global Bond Fund - March 31, 2009 (unaudited)

Security Description		Principal Amount		Value
Industrial - 33.2% (continued)
Motorola, Inc.,
6.500%, 09/01/25	USD	215,000		$	136,526
6.625%, 11/15/37	USD	240,000			148,075
Nextel Communications, Inc., 7.375%, 08/01/15	USD	100,000			53,000
Noble Group, Ltd., 8.500%, 05/30/13 (a)	USD	100,000			78,500
Owens & Minor, Inc., 6.350%, 04/15/16 7	USD	215,000			193,354
Owens-Brockway Glass Container, Inc., 6.750%, 12/01/14	EUR	50,000			59,787
Pemex Project Funding Master Trust, 6.625%, 04/04/10	EUR	390,000			521,006
Qwest Capital Funding, Inc.,
6.500%, 11/15/18	USD	40,000			27,200
7.750%, 02/15/31	USD	65,000			42,900
Qwest Corp.,
6.500%, 06/01/17	USD	46,000			38,180
6.875%, 09/15/33	USD	75,000			49,125
7.250%, 09/15/25	USD	83,000			54,780
7.250%, 10/15/35	USD	158,000			102,700
Reynolds American, Inc., 6.750%, 06/15/17	USD	355,000			303,061
Sappi Papier Holding AG, 7.500%, 06/15/32 (a)	USD	370,000			143,177
SK Telecom Co., Ltd., 6.625%, 07/20/27 (a)	USD	725,000			601,569
Sprint Nextel Corp., 6.000%, 12/01/16	USD	200,000			143,000
Telecom Italia Capital S.p.A.,
4.950%, 09/30/14	USD	290,000			250,395
6.375%, 11/15/33	USD	125,000			91,076
Telefonica Emisiones S.A.U., 4.375%, 02/02/16	EUR	55,000			68,946
Time Warner, Inc.,
6.550%, 05/01/37	USD	90,000			75,744
6.625%, 05/15/29	USD	310,000			261,709
6.950%, 01/15/28	USD	85,000			75,113
UnitedHealth Group, Inc., 5.800%, 03/15/36	USD	440,000			340,701
Vale Overseas Ltd., 6.875%, 11/01/36	USD	278,000			240,064
Vivendi, 3.875%, 02/15/12	EUR	90,000			117,378
Wendel Investissement,
4.375%, 08/09/17	EUR	200,000			139,503
4.875%, 05/26/16	EUR	200,000			140,832
Wolters Kluwer NV, 6.375%, 04/10/18	EUR	150,000			187,297
WPP Finance S.A., 5.250%, 01/30/15	EUR	100,000			97,483
Total Industrial					12,845,783
Utilities - 4.7%
Abu Dhabi National Energy Co. PJSC, 7.250%, 08/01/18 (a)	USD	500,000			476,037
Edison Mission Energy, 7.625%, 05/15/27	USD	155,000			93,000
Majapahit Holding BV, 7.250%, 06/28/17 (a)	USD	200,000			140,000
NiSource Finance Corp., 6.400%, 03/15/18	USD	365,000			295,342
Transport De Gas Del Sur, 7.875%, 05/14/17 (a)	USD	540,000	2		307,800
TXU Corp., 6.500%, 11/15/24	USD	410,000			115,015
Veolia Environnement,
4.000%, 02/12/16	EUR	75,000			91,488
5.125%, 05/24/22	EUR	200,000			223,911
6.000%, 06/01/18	USD	80,000			75,732
Total Utilities					1,818,325
Total Corporate Bonds (cost $30,465,295)					22,678,605

Managers Global Bond Fund - March 31, 2009 (unaudited)

Security Description		Principal Amount	Value
Foreign Government Obligations - 34.0%
Asian Development Bank, 2.350%, 06/21/27	JPY	20,000,000	$	195,329
Belgium Kingdom, 5.500%, 09/28/17	EUR	1,515,000		2,255,986
Bundesrepublik Deutschland,
3.750%, 01/04/17	EUR	1,394,000		1,973,106
4.000%, 04/13/12	EUR	920,000		1,306,398
Canadian Government,
4.250%, 09/01/09	CAD	315,000		253,754
4.500%, 06/01/15	CAD	110,000		100,009
Development Bank of Japan,
1.400%, 06/20/12	JPY	39,000,000		398,779
1.750%, 06/21/10	JPY	65,000,000		663,707
European Investment Bank,
1.250%, 09/20/12	JPY	56,000,000		565,028
17.988%, 04/24/13 (a) 4	IDR	4,605,000,000		197,909
Export-Import Bank of Korea, 8.125%, 01/21/14	USD	175,000		180,885
Indonesia Government International Bond, 7.750%, 01/17/38 (a)	USD	460,000		354,200
Japan Finance Corporation for Municipal Enterprises, 1.550%, 02/21/12	JPY	76,000,000		783,385
Japan Government Ten Year Bond, 1.400%, 06/20/11	JPY	8,000,000		82,512
Kingdom of Norway, 5.500%, 05/15/09	NOK	3,645,000		544,068
Mexican Fixed Rate Bonds, 8.000%, 12/07/23	MXN	3,900,000		273,383
New South Wales Treasury Corp., Series 10RG, 7.000%, 12/01/10	AUD	410,000		301,334
Nordic Investment Bank, The, 1.700%, 04/27/17	JPY	40,000,000		401,605
Norway Government Bond,
4.250%, 05/19/17	NOK	970,000		150,879
6.500%, 05/15/13	NOK	4,410,000		750,470
Republica Orient Uruguay, 4.250%, 04/05/27	UYU	17,730,000		471,085
South Africa, Republic of, 4.500%, 04/05/16	EUR	385,000		423,941
U.K. Gilts, 4.750%, 03/04/20	GBP	240,000		388,320
United Kingdom Gilt, 4.250%, 06/07/32	GBP	110,000		163,239
Total Foreign Government Obligations (cost $13,451,498)				13,179,311
U.S. Government Obligations - 4.0%
USTN, 1.230%, 01/15/12	USD	715,000		715,447
USTN, 1.500%, 12/31/13	USD	850,000		847,875
Total U.S. Government Obligations (cost $1,550,861)				1,563,322
Asset-Backed Security - 0.6%
Merrill Lynch/Countrywide Mortgage Trust, 5.439%, 02/12/39 6 (cost $236,172)	USD	235,000		213,595
		Shares
Preferred Stocks - 0.1%
FHLMC, 8.375%*		21,825		10,040
FNMA, 8.250%*		37,350		26,518
Total Preferred Stocks (cost $1,510,918)				36,558
Other Investment Companies - 5.2%1
BNY Institutional Cash Reserves Fund, Series A, 0.22% 3		1,052,011		1,052,011
BNY Institutional Cash Reserves Fund, Series B*3,9		38,045		4,566
BNY Institutional Cash Reserves Fund, Series C*3,10		33,424		33,424
Dreyfus Cash Management Fund, Institutional Class Shares, 0.74% 11		940,719		940,719
Total Other Investment Companies - 102.5% (cost $2,064,199)				2,030,720
Total Investments - 102.5% (cost $49,278,943)				39,702,111
Other Assets, less Liabilities - (2.5)%				(961,620	)
Net Assets - 100.0%			$	38,740,491

Managers Money Market Fund

March 31, 2009

Schedule of Portfolio Investments (unaudited)

Security Description	Shares	Value
Other Investment Companies - 99.6%
JPMorgan Liquid Assets Money Market Fund, Capital Shares, 0.81% 1,11	83,628,227	$	83,628,227
Total Other Investment Companies (cost $83,628,227)			83,628,227
Other Assets, less Liabilities - 0.4%			303,079
Net Assets - 100.0%		$	83,931,306

Notes to Schedule of Portfolio Investments (unaudited)

At March 31, 2009, the cost of securities for Federal income tax purposes and the gross aggregate unrealized appreciation and/or depreciation based on tax cost were approximately:

Fund	Cost		Appreciation		Depreciation			Net
Essex Large Cap Growth	$	30,277,682	$	1,593,042	$	(5,052,216	)	$	(3,459,174	)
Special Equity		415,397,094		22,824,632		(104,812,326	)		(81,978,694	)
International Equity		147,278,768		4,846,430		(46,725,324	)		(41,878,894	)
Emerging Markets Equity		81,719,788		2,036,413		(25,762,210	)		(23,725,797	)
Bond		2,320,646,394		4,770,642		(559,883,528	)		(555,112,886	)
Global Bond		49,278,943		718,957		(10,295,789	)		(9,576,832	)

* Non-income-producing security

(a) Security exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions exempt from registration, normally to qualified buyers. At March 31, 2009, the value of these securities amounted to the following:

Fund	Market Value		% of Net Assets
International Equity	$	408,347	0.4	%
Emerging Markets Equity		830,674	1.4
Bond		185,804,905	10.4
Global Bond		5,095,210	13.2

(b) Step Bond. High-yield debt instrument with either deferred interest payments or an interest rate that resets at specific times during its term.

¹ Yield shown for each investment company represents its March 31, 2009, seven-day average yield, which refers to the sum of the previous seven days’ dividends paid, expressed as an annual percentage.

² Some or all of these shares were out on loan to various brokers as of March 31, 2009, amounting to:

Fund	Market Value		% of Net Assets
Essex Large Cap Growth	$	53,280	0.2	%
Special Equity		24,361,983	7.6
Bond		12,433,910	0.7
Global Bond		1,087,735	2.8

³ Collateral received from brokers for securities lending was invested in this short term investment.

⁴ Indicates yield to maturity at March 31, 2009.

⁵ Floating Rate Security. The rate listed is as of March 31, 2009. Date in parenthesis represents the security’s next coupon rate reset.

⁶ Variable Rate Security. The rate listed is as of March 31, 2009 and is periodically reset subject to terms and conditions set forth in the debenture.

⁷ Security is illiquid: A security not readily convertible into cash such as a stock, bond or commodity that is not actively traded, and would be difficult to sell in a current sale. The Fund may not invest more than 15% of its net assets in illiquid securities. All securities are valued on the basis of valuations provided by dealers or independent pricing services. Illiquid securities at March 31, 2009 for Bond Fund and Global Bond Fund amounted to $33,948,084 or 1.9% and $193,354 or 0.5% of net assets, respectively.

⁸ Security is in default. Issuer has failed to make a timely payment of either principal or interest or has failed to comply with some provision of the bond indenture.

⁹ On September 12, 2008, The Bank of New York Mellon (“BNYM”) established a separate sleeve of the BNY Institutional Cash Reserves Fund (“ICRF”) (Series B) to hold certain Lehman Brothers floating rate notes. The Fund’s position in Series B is being marked to market daily.

¹⁰ On October 6, 2008, BNYM established a separate sleeve of the ICRF (Series C) to hold a security issued by Whistlejacket Capital Ltd. The Fund’s position in Series C is being marked to market daily.

¹¹ The Funds’ investments are covered under the U.S. Treasury Temporary Money Market Fund Guarantee Program up to a maximum of:

	Dreyfus Cash Management Fund		JPMorgan Liquid Assets Money Market Fund
Essex Large Cap Growth	$	1,474,28	$	0
Special Equity		105,626,374		0
International Equity		6,597,699		0
Emerging Markets Equity		0		0
Bond		18,257,748		16,146,303
Global Bond		819,695		0
Money Market Fund		0		77,715,740

^# Rounds to less than 0.1%.

Futures Contracts (International Equity):

When the Fund enters into a futures contract, it agrees to buy or sell the contract’s underlying instrument at a future date and agreed upon price. The Fund deposits either cash or securities in an amount equal to a certain percentage of the contract value, (initial margin) with the futures broker. Subsequent payments (variation margin) are made each day. The variation margin payments equal the daily changes in the contract value and are

recorded as unrealized gains or losses. The Fund recognizes a realized gain or loss when the contract is closed or expires equal to the difference between March 31, 2009:

Type	Currency	Number of Contracts	Position	Expiration Date	Unrealized Gain
DJ Euro Stoxx 50	EUR	10	Long	06/19/09	$	7,081

Forward Foreign Currency Contracts

International Equity, Emerging Markets Equity, Bond and Global Bond invest in forward foreign currency exchange contracts to manage currency exposure. These investments may involve greater market risk than the amounts disclosed in the Funds’ financial statements.

A forward foreign currency exchange contract is an agreement between a Fund and another party to buy or sell a currency at a set price at a future date. The market value of the contract will fluctuate with changes in currency exchange rates. The contract is marked-to-market daily, and the change in market value is recorded as an unrealized gain or loss. Gain or loss on the purchase or sale of contracts having the same settlement date, amount and counter party is realized on the date of offset, otherwise gain or loss is realized on settlement date.

Open forward foreign currency exchange contracts (in U.S. Dollars) at March 31, 2009 for International Equity Fund, were as follows:

Foreign Currency	Position	Settlement Dates	Current Value (Receivable)		Contract Value (Payable)		Unrealized Gain/(Loss)
Canadian Dollar	Short	6/15/2009	$	1,067,547	$	1,074,839	$	(7,292	)
Euro	Short	6/15/2009		2,329,330		2,443,538		(114,208	)
Pound Sterling	Short	6/15/2009		3,103,702		3,100,078		3,624
Canadian Dollar	Short	6/15/2009		116,692		117,019		(327	)
Euro	Long	6/15/2009		2,443,538		2,491,385		(47,847	)
		Total:	$	9,060,809	$	9,226,859	$	(166,050	)
Open forward foreign currency exchange contracts (in U.S. Dollars) at March 31, 2009 for Global Bond Fund, were as follows:
Foreign Currency	Position	Settlement Dates	Current Value (Receivable)		Contract Value (Payable)		Unrealized Gain
Japanese Yen	Short	4/14/09 - 6/17/09	$	1,172,330	$	1,159,752	$	12,578
South Korean Won	Long	4/14/2009		448,538		403,252		45,286
		Total:	$	1,620,868	$	1,563,004	$	57,864

Investments Definitions and Abbreviations:

ADR/GDR:	ADR after the name of a holding stands for American Depositary Receipt, representing ownership of foreign securities on deposit with a domestic custodian bank; a GDR (Global Depositary Receipt) is comparable, but foreign securities are held on deposit in a non-U.S. bank. The value of the ADR/GDR securities is determined or significantly influenced by trading on exchanges not located in the United States or Canada. Sponsored ADR/GDRs are initiated by the underlying foreign company.
FHLMC:	Federal Home Loan Mortgage Corp.	USTB: United States Treasury Bond
FNMA:	Federal National Mortgage Association	USTN: United States Treasury Note
GNMA:	Government National Mortgage Association	GMAC: General Motors Acceptance Corp.
RSP:	Risparmio shares which are saving shares traded on the Italian Stock Exchange.

Registered shares: A security whose owner has been recorded with its issuer or issuer’s registrar.

Abbreviations have been used throughout the portfolios to indicate amounts shown in currencies other than the U.S. dollar (USD):

ARS:	Argentine Peso	ISK:	Icelandic Krona
AUD:	Australian Dollar	IDR:	Indonesian Rupiah	SEK:	Swedish Krona
BRL:	Brazilian Real	ILS:	Israeli Shekel	SGD:	Singapore Dollar
CAD:	Canadian Dollar	JPY:	Japanese Yen	THB:	Thailand Baht
COP:	Columbian Peso	KRW:	South Korean Won	UYU:	Uruguayan Peso
CHF:	Swiss Franc	MXN:	Mexican Peso	TWD:	Taiwan Dollar
EUR:	Euro	MYR:	Malaysian Ringgit	NOK:	Norwegian Krone
GBP:	British Pound	NZD:	New Zealand Dollar
HKD:	Hong Kong Dollar

Fair Value Measurements

The Funds adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective January 1, 2008. In accordance with FAS 157, fair value is defined as the price that a Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Funds. Unobservable inputs reflect the Funds’ own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is as signed a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below:

Level 1 - quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk)

Level 3 - significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments. The following table summarizes the valuation of the Funds’ net assets by the above fair value hierarchy levels as of March 31, 2009:

Level	Investments in Securities		Other Financial Instruments*
Essex Large Cap Growth
Level 1 - Quoted Prices	$	26,743,993		—
Level 2 - Other Significant Observable Inputs		74,515		—
Level 3 - Significant Unobservable Inputs		—		—
Total	$	26,818,508		—
Special Equity
Level 1 - Quoted Prices	$	331,395,449		—
Level 2 - Other Significant Observable Inputs		2,013,951		—
Level 3 - Significant Unobservable Inputs		—		—
Total	$	333,409,400		—
International Equity
Level 1 - Quoted Prices	$	12,954,679	$	7,081
Level 2 - Other Significant Observable Inputs		92,445,195		(166,050	)
Level 3 - Significant Unobservable Inputs		—		—
Total	$	105,399,874	$	(158,969	)
Emerging Markets Equity
Level 1 - Quoted Prices	$	18,521,875		—
Level 2 - Other Significant Observable Inputs		39,472,116		—
Level 3 - Significant Unobservable Inputs		—		—
Total	$	57,993,991		—
Bond
Level 1 - Quoted Prices	$	70,002,129		—
Level 2 - Other Significant Observable Inputs		1,695,531,379		—
Level 3 - Significant Unobservable Inputs		—		—
Total	$	1,765,533,508		—
Global Bond
Level 1 - Quoted Prices	$	2,029,288		—
Level 2 - Other Significant Observable Inputs		37,672,823	$	57,864
Level 3 - Significant Unobservable Inputs		—		—
Total	$	39,702,111	$	57,864
Money Market
Level 1 - Quoted Prices	$	83,628,227		—

Level 2 - Other Significant Observable Inputs		—	—
Level 3 - Significant Unobservable Inputs		—	—
Total	$	83,628,227	—

* Other financial instruments are derivative instruments not reflected in the Schedule of Portfolio Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation of the instrument.

Item 2. Controls and Procedures.

(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3 (c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15 (b)).

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications of principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940 are attached as Exhibit 99.CERT

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

THE MANAGERS FUNDS

By:	/s/    John H. Streur
	John H. Streur, President

Date: May 29, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/    John H. Streur
	John H. Streur, President

Date: May 29, 2009

By:	/s/    Donald S. Rumery
	Donald S. Rumery, Chief Financial Officer

Date: May 29, 2009