Bruce R. Bent American Inventor
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Bruce R. Bent is an American Inventor.
Bruce R. Bent is a member of the following lists: 1937 births, People from Nassau County, New York and American inventors.
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Details
| First Name |
Bruce
|
| Middle Name |
R.
|
| Last Name |
Bent
|
| Nationality |
American
|
| Occupation Text |
Chairman, Double Rock Corporation
|
| Occupation |
Inventor
|
| Year(s) Active |
1970–current
|
Bruce R. Bent (born May 25, 1937) is an American businessman credited with inventing the world's first money market fund, the Reserve Fund, with Henry B. R. Brown in 1970. Bent and Brown created an organizational structure by which investors could pool cash to gain access to the market for short-term money obligations. Money market funds now manage more than US$3.0 trillion, serving tens of millions of investors.
