Buddy Fletcher
| Buddy Fletcher | |
|---|---|
| Born |
Alphonse Fletcher Jr. 19 December 1965 New London, Connecticut, United States |
| Residence |
The Dakota New York City |
| Other names | Buddy |
| Citizenship | American |
| Education |
Harvard College Yale School of Forestry and Environmental Studies |
| Occupation | Founder, Chairman, and CEO of Fletcher Asset Management Founder of the Fletcher Foundation |
| Employer |
Bear Stearns (1987–??) Kidder Peabody (19??–91) Fletcher Asset Management (1991–present) |
| Known for | Hedge fund management, fund bankruptcy, Kidder Peabody discrimination lawsuit, Dakota discrimination lawsuit, Philanthropy |
| Spouse(s) | Ellen Pao (2007–present) |
| Relatives | Geoffrey S. Fletcher (brother) |
Alphonse "Buddy" Fletcher Jr. (born December 19, 1965) is a former hedge fund manager and founder of the Fletcher Foundation. 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, Fletcher International, may have been insolvent since 2008 and was declared bankrupt in 2012.
Fletcher was raised in Waterford, Connecticut. His father, Alphonse, Sr., was a technician at the Electric Boat Corporation in Groton, a company that makes submarines. His mother, Bettye, a long-time teacher and later a social worker, dean, and school principal, received a Ph.D. in Education from Teachers College, Columbia University. Fletcher has two younger brothers, Todd, and Geoffrey, a screenwriter, film director and Academy Award winner.
He attended Harvard College, where he received an A.B. degree as an applied mathematics major in 1987. He was elected first marshall, a ceremonial position, of the 1987 class. He earned a Master's degree in Environmental Management from the Yale School of Forestry and Environmental Studies in 2004.
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