About: Reserve Primary Fund

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The Reserve Primary Fund was the original money market fund, created in 1970 by Bruce R. Bent and Henry B. R. Brown and managed by Reserve Management Company. At its peak it held more than $60 billion in assets. During the financial crisis of 2007-2008 it lost dollar value, or "broke the buck," and was liquidated as a result.

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  • The Reserve Primary Fund was the original money market fund, created in 1970 by Bruce R. Bent and Henry B. R. Brown and managed by Reserve Management Company. At its peak it held more than $60 billion in assets. During the financial crisis of 2007-2008 it lost dollar value, or "broke the buck," and was liquidated as a result. (en)
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  • The Reserve Primary Fund was the original money market fund, created in 1970 by Bruce R. Bent and Henry B. R. Brown and managed by Reserve Management Company. At its peak it held more than $60 billion in assets. During the financial crisis of 2007-2008 it lost dollar value, or "broke the buck," and was liquidated as a result. (en)
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  • Reserve Primary Fund (en)
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