The Decade's 10 Worst Fund Disasters

By + More

The Reserve Primary Fund

Next »

1 of 10

ISTOCKPHOTO

On Sept. 16, 2008, the iconic Reserve Primary Fund’s price dipped below $1 per share, shattering the notion that money market funds couldn’t lose money. Alarmed shareholders immediately lined up to withdraw their investments, and soon the panic spread to the rest of the money market sector.

Next: Market timing scandal


You Might Also Like


See More