Money Market Funds are types of income generating activities that invest in a broad range of debt securities that have short maturation durations. Money market funds are considered to have minimal credit risks and have lower volatility.
About money market funds
As stated on Wikipedia, depending on the type of securities invested in, income generated from money market funds may or may not be taxable. These forms of investments are regulated by the U.S. Securities and Exchange Commission (SEC). SEC categorizes money market funds into three main groups: prime, municipal, and government funds. These funds are advantageous because they are stable, diverse, and secure, incur the least tax, and mature quickly.
Bent II’s education and career history
Bruce Bent II is the senior executive of the Reserve Management Company, and he is the former Hallmark Investment Series Trust’s boss. He joined Hallmark First Mutual Fund in 2000 and worked in various departments. During his tenure in this company, Bent II held various management positions and helped the company increase its revenue. Before joining this company, Bent II was a staff member at RMC and RMCI. Bent II has also been serving as the vice chair of Double Rock Corporation since 2000. He has also worked as a trustee of trusts and as a director.
Bruce Bent II did philosophy at the venerated Northeastern University. He is the senior manager of Double Rock Corporation, a tech company that also specializes in financial management. Bent II is in charge of supervising activities in the company’s subsidiaries, including Intrasweep LLC, Access Control Advantage Inc., Landing Rock Group, and Island Intellectual Property LLC. He is the force behind the development and implementation of retirement services and cash management businesses. Bent II is a visionary entrepreneur who has played a huge role in the development of technologies used to manage financial services. He is a member of the Young Presidents Organization, an institution that facilitates networking of global business leaders. Bent II has served as an active member of the Entrepreneur’s Organization. He has participated in making critical decisions as the head of Advisory Council of Scenic Hudson. Recently, Bent II was featured in the Leadership Secrets of the World’s Most Successful Chief executive officers.