According to Wikipedia, market mutual funds are known for being safe as Bank deposits yet they hold and provide a higher yield. It is an open-ended mutual fund that invests in debt securities like US Treasury bills and Commercial Paper. In 1971, the first money market fund was created and it went by the name of Reserve Fund. It was offered to individuals who was interested in preserving their cash by earning a small return on the funds. This started a trend that significantly grew over the next few years.
Bruce Bent II was born in New York and graduated from Northeastern University with his Bachelor’s in Philosophy. He knew early on in life the value of money, financial tools and the zero market approach. In fact, his father was the founder of the first money market fund. Bent II grew up with a strong understanding and knowledge of the financial industry. After college, his career in finances took off. He has help many marketers, broke-dealers, banks and other financial companies find great cash-related solutions.
Bent II understands and promotes rates of return that would give zero market risk and immediate liquidity. He has learned a great deal from his father and the through his life experiences. Currently he is the Vice Chairman and President of the Double Rock Corporation.
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