Reserve Insured Deposits was started in 1997 to offer investors a stable, insured vehicle for their assets during a turbulent market environment. "Back then, money funds became a safe haven for cash in volatile markets, a situation we are faced with today," Bent said.
Reserve Funds has over $17 billion in assets under management and has 17 money market funds, seven equity funds and products like Reserve Insured Deposits, which is not a mutual fund but does offer some features of a money market mutual fund.
