2 total votes

Buddy Fletcher

Alphonse "Buddy" Fletcher, Jr. is a former hedge fund manager and founder of the Fletcher Foundation. His fund is in bankruptcy, and he is accused of civil fraud. He began his career as a quantitative equity trader at Bear Stearns and later worked at Kidder, Peabody & Co. Fletcher, who is African American, sued Kidder Peabody for racial discrimination. Although his racial discrimination claims were dismissed, he eventually won an arbitration award of US$1.26 million. Fletcher has also been involved in litigation centered on a dispute with the board of The Dakota apartment building in New York City. Fletcher founded Fletcher Asset Management in 1991. His main fund, ... more on Wikipedia

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