Money market fund is considered the most innovative financial technology of all time. For those who don’t know what money market fund entails, it is a mutual fund that invests in commercial paper or a cash equivalent fund like the U.S Treasury Bills. In the financial world, money market funds are a sanctuary and are considered the safest investment choices that have high yields.
Money market funds in the US are controlled by the Securities and Exchange Commission under the Investment Company Act of 1940. One may believe that money market funds have risks just like any other financial tool. However, it is important to note that although there are risks involved, the risks have a lesser impact when compared to other investment options in the market. More and more people prefer money market funds to other standard short-term investment options because it has a better return.
Bruce Bent II is an amazing business man who truly understands this innovation. In fact, he grew up with the man who was behind the money market fund, his father. Bent II being around the financial industry his whole life has given him a keen understanding to the ins and outs of this business sector.
Bent II graduated with a Bachelor’s degree in Philosophy from Northeastern University. Bent II then began his career helping businesses and people with created financial solutions. He currently is employed with Double Rock Corporation where he is the president and vice chairman.
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