Henry Bedinger Rust Brown (February 13, 1926 – August 11, 2008) was an American financial consultant known for inventing the world's first money market fund, the Reserve Fund, with Bruce R. Bent in 1970.[1]
- ^ Condon, Christopher (December 24, 2008). "Reserve's Bent May Be Charged by SEC Over Money Fund's Collapse". Bloomberg News. Archived from the original on November 3, 2012. Retrieved April 30, 2021.
Bent is credited with having invented the money-market mutual fund in 1970, creating a safe and liquid place for retail investors to park cash. That year he opened Reserve Primary and his company with partner Henry B. R. Brown, who died in August.