Reserve Shuts Down Funds, Delays Primary Payout

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

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.