A money market fund is an open-ended mutual fund that uses both US Treasury Bills and commercial papers as avenues for investments for people’s money. These are considered to be safe ways to invest one’s money with a moderate return on the investment. These were regulated in the Investment Act Act of 1940. These investments are the way that the government provides liquid cash to financial intermediaries. These investments seek to limit the investor’s losses due to credit, market, and liquidity risks that exist in some other investments that people can make. Money markets are great for investors who are looking to have a medium-term commitment to their investment and want a moderate return on their money.
Bruce Bent II is an American businessman who is quite knowledgeable in money market funds. These money market funds were recognized by the American Museum of Financial History for the impacts he has had on financial history. To date, about $3 trillion in US bonds have been sold thus far over the last 40+ years.
Bruce Bent II is the Vice Chairman and President of Double Rock Corporation which is one of the leading financial companies around today. The Double Rock Corporation seeks to provide the most innovative cash management and cash-related solutions to the broker-dealer, banker, qualified plan, and markets. Mr. Bent II has gotten several patents put into his name as well. Mr. Bent II has helped pioneer the cash movement and also innovate the way people save money for retirement. He has come up with products that have changed the financial industry through his innovative, revolutionary thinking as well.
Mr. Bent II also spends time giving back to help the next generation as well. Mr. Bent works with the Young Presidents’ Organization which helps about 10,000 young entrepreneurs have a proper mentorship program to help them develop into candidates who can lead businesses worldwide. Bent also served as the former Chairman of the chapter of the Young Presidents’ Organization’s Gotham chapter where he lives in Manhattan.
For more information follow Bruce Bent II on Twitter.