Community Assets Management Inc., a company conceived by bankers sitting around a fire during a retreat, has ended up burning its supporters and possibly itself.

The Denver company gained notoriety this week with the disclosure that a money market mutual fund it managed has become the first in recent history to break the buck, and drop below $1 a share. The fund is to be liquidated at cost of nearly $5 million to the 94 banks that invested in it.

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