With Bruce R. Bent of The Reserve
While others worry about the stock market, Bruce R. Bent focuses on cash. The 70-year-old founder and chairman of The Reserve in New York, formerly The Reserve Fund, is well known as the inventor of the money market fund in 1970. Mr. Bent saw the need for a vehicle to capture Treasury bill yields of 8% while savings accounts were limited to paying 5.25%.
While others worry about the stock market, Bruce R. Bent focuses on cash.
The 70-year-old founder and chairman of The Reserve in New York, formerly The Reserve Fund, is well known as the inventor of the money market fund in 1970. Mr. Bent saw the need for a vehicle to capture Treasury bill yields o
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