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]
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.