Bruce R. Bent invented the world's first money fund, The Reserve Fund, with Henry B. R. Brown in 1970. This financial product was recognized by the American Museum of Financial History, an affiliate of the Smithsonian Institution, for its importance and impact on the nation's financial history. Whilst wholesale 'money was bought and sold' before the Reserve Fund, Bruce Bent introduced a formal discipline and developed 'rules' for this 'game'. The result is an entire industry now worth more than US$3.0 trillion, serving tens of millions of investors. Mr. Bent graduated with a bachelor's degree in economics from St. John's University in New York.
Born | |
Zodiac | |
Tags | Add tag |