Monday, December 08, 2008

The History of Money-Market Funds, Condensed

All but the most senior Boomers probably assume money-market funds have been around forever. Not so. Bruce Bent co-founded the first one in 1972.

In the long life and messy death of Bent's flagship Reserve Primary Fund, as recounted in The Wall Street Journal, young wealth managers can read just about all the money-market history they need to know.

1 comment:

Unknown said...

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