Bruce Bent II is an American entrepreneur, a CEO and President of Double Rock Corporation. His extensive knowledge and experience in technologies, intellectual property and financial markets led to the pioneering of the Reserve Fund together with Henry B.R. Brown in 1970. Reserve Fund is the world first money market fund and an FDIC cash management business in interested in serving investors while at the same time preserving their money and earning interest from the savings. Additionally, he owns over 60 patents that have helped in the transformation of the money market fund into more than 1 trillion.
Mr. Bent holds a Bachelors degree in Economics from St. Johns University, after which he began his Wall Street Career. He has since held top positions at various companies including LF Rothschild & Company, Brown and Bent, as well as TIAA-CREF. His over 30 years of experience in risk management, needs assessment, and operation management has helped him in running Double Rock Corporation efficiently. The company uses research-based method in the cost analysis to help in the improvement of the margins and production of excellent outcomes.
About Money Market Funds
Bruce Bent believes that everyone should have disposable income that they should save for short-term purposes and earn a small rate of return. SEC regulates the money market funds depending on the investments of the funds. This varies from the government, municipal or prime funds where the municipal and the prime are either retail or institution based. The investments include Eurodollar deposit, certificates of deposits, and repurchase agreements or the U.S. treasury securities, among others.
Long-term investors may not choose the money market fund as their investment option following its low capital appreciation rate compared to the stocks or corporate debt issues. However, it is a safe place to invest your money since the funds only involve the low risk vehicle such as Treasury bills unlike the stock market which is highly volatile.