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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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HF Manager Fletcher Selling Connecticut Mansion

Aug 19, 2013
Jing Chen

Hedge fund manager Alphonse "Buddy" Fletcher, Jr. has listed his Connecticut mansion for sale following legal issues surrounding his firm.

Curbed reported that Fletcher, the founder of Fletcher Asset Management, is looking to sell his 8.400 square foot home for $8.85 million. According to a separate report, Fletcher purchased the 17-room Cornwall estate for $5.9 million.

Last year, a judge ordered Fletcher Asset to liquidate after failing to pay back three Louisiana public pension funds. The firm filed for bankruptcy a few months later. 

Fletcher Asset reportedly had annual returns of 300% in the early 1990’s.

Source: 

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