When it comes to the topic of money very few people don’t have at least some sort of opinion on it. Whether your views are good, bad, or in between we can all agree that having a little more money in the bank can make even the most basic life easier. The real questions are what money market funds are, and who should be qualified to have them? Wikipedia defines money market funds as an open-ended mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. They are also generally seen as being safe as a typical bank deposit, but typically provide a higher ROI (return on investment). Qualified investors and people who are responsible with money should have the privilege of dealing with money market funds. One of money market funds purpose is to limit exposure to loss either from credit, market, liquidity, or other unforeseen risks.
Now the next real question is who is Bruce Bent II, and how does he relate to money market funds? In 1971, the first money market fund was developed by Bruce Bent II’s father. It was initially named the Reserve Fund, and was given to investors who were inclined in preserving their cash and money.
Bent II’s went on to join his father and the financial industry after graduating from Northeastern University with a Bachelor’s in Philosophy. He has become a business guru and financial expert, just like his father. Bent II has helped many business overcome their finanicial issues with his creative cash-related solutions.
Currently Bruce Bent II serves as the president of the Reserve Management Company, and has affiliations with the Double Rock Corporation, Hallmark Investment Series Trust, and more.
For further information follow Bruce Bent II on Twitter.