Bruce R. Bent
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Bruce R. 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.
In 2001, Bent was the Republican candidate for Nassau County Executive. Before he was chosen as the Republican candidate, he received the endorsement of the Conservative Party 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.