Bruce Bent II is an asset manager and entrepreneur. He has many years of experience as a business leader. He is the president of Double Rock Corporation and the vice chairman of the board. Double Rock is a technology company that develops products for the finance industry. Bent II has a degree in Philosophy from Northeastern University. He has more than fifty privately-held patents. He received them for his contributions to the development of financial vehicles and cash sweep insured programs. Bent II was a key figure in the development of the FDIC-insured program that has grown to be worth trillions.
Bruce served as the CEO of The Reserve for close to two decades. This is one of the first money market mutual funds. The Reserve was one of the largest in the world. Its fund was among the top ten. It employed hundreds of employees. The majority of them were sales professionals around the country. The assets of the fund grew from four billion dollars to $130 billion during his time. The annualized revenue reached a peak of $150 million. Bruce was responsible for the liquidation of the assets of the firm after the market meltdown in 2008. He was able to handle the situation very well. Investors in the Reserve Primary Fund received 99 cents on the dollar in the end.
Bent has been quoted in many news publications including the New York Times, the Wall Street Journal, and the Financial Times. His success as a young CEO led him to be featured in “Leadership Secrets of the World’s Most Successful CEOs.” He is a member of the board of 99 Jane Street Condominium and served on the President’s Advisory Council of Scenic Hudson. The organization is committed to protecting the environment and restoring the Hudson River. Bent is a senior executive to each of the subsidiaries that are under Double Rock Corporation. There are six such companies. They include Island Intellectual Property and Access Control Advantage. Bent advises entrepreneurs to have faith in their visions and to be persistent even when things do not work out.
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