With just $6 billion in assets left, of what once totaled $83 billion, Reserve Management is liquidating its 18 remaining funds.

For all intents and purposes, Reserve Management is now out of business. Given its longtime vow to guarantee investors safety – and its spectacular failure to do that with the Sept. 16 implosion of its flagship Primary Fund – industry watchers say the company’s demise is not surprising, and also warranted.

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