Bruce R. Bent is the founder and chairman of The Reserve Funds of New York and the creator of the first money market fund in 1970. Now, 33 years later, Reserve manages more than $20 billion among 17 money funds, seven equity funds and several cash-management vehicles, including two patented products.

Bent recently spoke with Mutual Fund Market News' Editor-at-Large Lori Pizzani about the state of the money fund industry and what lies ahead.

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