Buddy Fletcher

Buddy Fletcher is a finance professional recognized for his work in hedge fund management and philanthropic endeavors. After earning an A.B. in applied mathematics from Harvard College in 1987, Buddy Fletcher went on to commence his distinguished career in finance as a quantitative equity trader at Bear Stearns. He subsequently moved to Kidder Peabody before founding Fletcher Asset Management in 1991.

The firm swiftly established a significant presence in the financial sector, with its trading activities occasionally representing up to 5% of the total volume on the New York Stock Exchange within five years of its operation. Fletcher Asset Management was known for generating consistent returns, reporting an unbroken series of profitable quarters for over a decade. In 1992, Fletcher received a $1.26 million arbitration award from Kidder Peabody. His early career achievements were recognized when he was featured in Crain’s New York Business’ ’40 Under 40′ list in 1998.

Beyond his accomplishments in finance, Fletcher has been a committed philanthropist, focusing on education and civil rights. In 1993, he made a notable $1 million donation to the Reginald F. Lewis Memorial Endowment, demonstrating his dedication to supporting academic initiatives. His commitment further extended in 1996 when he endowed a University professorship at Harvard College.

Concurrently, the master fund, Fletcher International Ltd., filed for Chapter 11 bankruptcy in the same year. Despite these challenges, Fletcher’s professional and philanthropic endeavors have garnered recognition in prominent publications such as BusinessWeek and Forbes, acknowledging his impactful contributions across finance and social causes.