Bruce Bent II: New York Businessman Tycoon

Have you ever heard of Bruce R. Bent? He is an amazing American businessman who invented the world’s first money market fund in 1970. Market funds also known as money market mutual funds that invest in short-term debt securities like the commercial paper and United States Treasury bills, to name a few. These money market funds are widely recognized to be as being safe as the bank deposits and providing a much higher yield. The primary type of customer that should have money market funds are investors. These money market funds are fully appropriate for investors who need the investment to become liquid, have an investment goal with a small time horizon or searching to diversify with a higher conservative investment.

Now on to Bent’s life in which he was born and raised in wonderful Great Neck, New York and attended St. Aloysius School and then acquired his diploma from Great Neck High School. After graduating from high school, Bent was hired as a clerk and carrier for the Great Neck Post Office. Bent served with the Marines and after he would go to St. John’s University and acquire his bachelor’s degree in economics in 1961. Bent was known for being a studious student and always finishing his homework on time so that he had enough time to study about Wall Street and be a part of it.

Bent began his Wall Street career path as a partner at L.F. Rothschild and Company Inc. Then two years later, he started working at T.I.A.A.-C.R.E.F., where he met his future business partner, Henry B.R. Brown. They made their own firm known as Brown and Brent. After the firm was created, Bent had an idea which involved having a mutual fund that could effectively offer rates of return while allowing for zero market risk and that is when market funds came to fruition which gave investors safety and liquidity for their money. Thanks to Bruce R. Bent, the money market fund was deeply recognized by the American Museum of Financial History, which is part of the Smithsonian Institution, for the significance on United States’ financial history.

For more information on Bruce Bent II follow him on Twitter.

NuoDB Brings Solid Remote Network with Cloud Technology

NuoDB is a technology capable of dividing data elements into software objects. These are called atoms. The database is constructed to surround a durable distributed cache. The design incorporates memory caches that enable it to support cloud styled elasticity. The system ensures that all the data is maintained and safely stored.

The NuoDB system is also designed to support multi-version concurrency control which is called MVCC. This has the ability to resolve any access conflicts and detect data deadlocks. Message and object oriented computing methodologies are distributed with the use of an asynchronous communication format that operates on a peer to peer basis.

The vendor NuoDB Inc. has marketed and developed the software. Originally it was formed as NimbusDB in the year 2008. The NuoDB 1.0 was released in 2013 and became available for the use of the general public. The lead architect for the 2.0.3 software is Jim Starkey. He is a veteran in the database industry and worked on BLOB’s and MVCC’s for the Digital Equipment Corporation.

Mr. Starkey was responsible for founding two database companies before he began work on the creation of NuoDB. He has since retied from NuoDB and is now in the position of the companies strategic advisor.

Further information about NuoDB can be found on Wikipedia.