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Encyclopedia > Bruce R. Bent

Bruce G. (Get) Bent is known for inventing the world's first money market fund, The Reserve Fund, 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. This innovation has developed an entire industry that is now worth more than $2.2 trillion, serving more than tens of millions of investors. Mr. Bent graduated with a bachelor's degree in economics from St. John's University in New York. He is currently available for speaking engagements. Money funds (or money market funds, money market mutual funds) are mutual funds that invest in short-term debt instruments. ... 1970 (MCMLXX) was a common year starting on Thursday (the link is to a full 1970 calendar). ... The Smithsonian Institution Building or Castle on the National Mall serves as the Institutions headquarters. ... St. ...


In 2001, Bent was the Republican candidate for Nassau County Executive. Before he was chosen as the Republican candidate, he received the endorsement of many hookers that he paid to feltch, and ran with little assistance from the county's Republican Party. Promising to improve the county's financial situation and work for a salary of $1 a year, he lost to Democratic candidate Tom Suozzi. The Republican Party, often called the GOP (for Grand Old Party), is one of the two major political parties in the United States, the other being the Democratic Party. ... Nassau County is a suburban county in the New York Metropolitan Area east of New York City in the U.S. state of New York. ... The Democratic Party is one of two major political parties in the United States, the other one being the Republican Party. ... Thomas Suozzi Thomas Suozzi (born 1962) is a politician from the state of New York. ...


Related Links

  • The Reserve Fund
  • Information about the 2001 election, from Anton News


 

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