The money market fund is an open investment platform for all citizens. Employees, the entrepreneurial community, companies, and institutions are free to use the investment platform. Brokerage firms and banks offer a platform through which potential investors purchase shares of money market funds. The money then earns dividends for the shareholders. Standard investment options provided by money-market fund service providers include treasury bills, short-term debt securities, and commercial paper.
Money market fund provides investment options to millions of citizens. Despite being considered as a low- return investment option, money market fund comes with guaranteed returns at the time of maturity. Unlike most investment options available, the mutual fund is a low-risk investment.
Bruce Bent II
Bruce Bent ll is an experienced entrepreneur, financial guru and investment manager. He is also a proven manager and C.E.O. who managed the spectacular growth of The Reserve—a money market mutual fund and FDIC cash management business—over a 17-year period.
Bruce Bent II was responsible for overseeing the orderly winding down of The Reserve money market mutual fund products following the Lehman Brothers bankruptcy in September of 2008. The product line was voluntarily closed by its management with holders in the Reserve Primary Fund receiving 99 cents on the dollar for their original investment, and 100 cents on the dollar for all other money funds.