Bogleheads:Anniversaries/September

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September Anniversaries
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September 1:

  • 1964 - William Sharpe published his paper on the Capital Asset Pricing Model (CAPM), Capital Asset Prices - A Theory of Market Equilibrium Under Conditions of Risk, on September 1, 1964. Source : Google scholar
  • 1993 - John Bogle's first book, Bogle On Mutual Funds: New Perspectives for the Intelligent Investor, was published by McGraw-Hill.
  • 1998 - The US Treasury introduced for sale a new inflation-indexed savings bond, the ibond. The first ibond was issued with a fixed rate of 3.40 percent. Source: Rates and Terms

September 2:

September 3:

September 5:

  • 1933 - Mexican Stock Exchange ( Bolsa Mexicana de Valores) was incorporated on September 5, 1933. Source: Mexican Stock Exchange

September 6:

September 7:

September 8:

September 9:

  • 1585 - In an assembly Frankfurt’s merchants established uniform exchange rates for the first time, marking the birth of the Frankfurt exchange. Over time, the Frankfurt exchange handled bond and stock trading. Source: History of the Frankfurt Stock Exchange
  • 1997 - The Chicago Mercantile Exchange introduced S&P E-mini futures, which soon became the most heavily traded futures contract on the exchange. Source: Key dates and milestones in the S&P 500's history
  • 2012 - The Center for Research in Security Prices (CRSP) launched indexes that provide coverage of various style sectors of the US stock market. The indexes include growth and value indexes for U.S. mega cap, large cap, mid cap, and small cap stocks. Source: CRSP Indexes Quick Reference Guide

September 10:

September 14:

September 15:

  • 2008 - Investment bank Lehman Brothers filed for bankruptcy, the largest in U.S. history. The bankruptcy initiated events that produced the 2008 - 2009 global economic crisis. Source: The Lehman Brothers Bankruptcy

September 16:

  • 2008 - Reserve Primary Fund, the first money market fund created in the United States, holding $785 million of defaulted Lehmann Brothers commercial paper, announced that, due to the default, the net asset value of the money fund had broken the 1.00 net asset value mark and was now valued at 0.97. Over the next four days investors withdrew $23 billion and made redemption requests of $60 billion from the $62 billion dollar fund. The disbursement of remaining assets in the fund to shareholders took over two years to complete. Source: The 2008 money market crisis

September 20:

  • 2000 - The Euronext Exchange was created on this date following a merger of the Amsterdam Stock Exchange, Paris Bourse and Brussels Stock Exchange. Source: Euronext

September 21:

September 23:

  • 1998 - On September 23, 1998, a group of fourteen banks and brokerage firms invested $3.6 billion in Long-Term Capital Management L.P. (LTCM) to prevent the firm’s imminent collapse. The hedge fund, operating on leveraged capital based on mathematical models designed by Nobel laureate finance economists Myron Scholes and Robert C. Merton, had experienced massive losses after Russia devalued its currency and defaulted on its debt in August 1998. Source:Near Failure of Long-Term Capital Management, Federal Reserve History.

September 24:

September 25:

September 26:

  • 2008 - A 101-day cash management bill (CMB) security was auctioned for $60 billion. This is the highest amount ever offered for a Treasury security in U.S. history. Source: Timeline of U.S. Treasury Bills