Bruce Bent II is an established financial investor with many years of experience in the money market. He is also an entrepreneur from the creation of short term asset management, cash related formulas for broker dealer, banks and the retail market. Bent’s overall perspective and business ideas has been the primary influence for products in the technical development of expanded FDIC insured programs. Currently, Bent holds over 60 different private patents. His inventions has provided a major impact on the FDIC insured cash management aspect. As a result, the industry has grown to more than $1 trillion respectively.
Before the financial disaster in 2008, Bruce Bent II was the manager and Chief Executive Officer for the Reserve, which is a money market fund and FDIC cash management company. The Reserve ended up being one of the largest privately held money market firms worldwide and offered the second largest money market fund in the world. Bent served in those positions for more than 17 years. During that time, he was in charge of orderly liquidation and the sale of a few of the company’s subsidiaries and affiliates. He helped to expand the organization’s assets from $4 billion to over $130 billion during his time there.
Currently, Bent serves as the Senior Executive to Double Rock Corporation’s six owned and subsidiary companies, which includes Access Control Advantage LLC and Island Intellectual Property LLC. In addition to that position, Bent is also the Vice Chairman and President for the company. Double Rock is the leader of financial services and technology.
Bruce Bent II has been featured in numerous publications like Wall Street Journal, Financial Times, and New York Times, to name a few. He has written a column in publications such as World Journal and China Press regarding the topic of investing.
His entrepreneurial operations hasn’t been anything short of impressive. They have involved a variety of investments like asset management, intellectual property, financial technologies, business consulting, consumer goods, pharmaceuticals, healthcare financing, and much more. Bent is a member of the 99 Jane Street Condominium Association, the Young Presidents’ Organization and a few more boards.
Bent obtained a B.S. in Philosophy from Northeastern University.
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