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Wall Street financier, entrepreneur, and philanthropist, was born in New London, Connecticut, the oldest of three sons of Alphonse Fletcher Sr., a technician at General Dynamics and an entrepreneur, and Bettye Fletcher Comer, an elementary school principal and doctor of education. In interviews, Fletcher frequently credited his parents' emphasis on education and discipline as the keys to his success in school and business. In 1987 Fletcher graduated as First Marshal of his class from Harvard College with a bachelor's degree in Applied Mathematics. Having cross-enrolled in the Aerospace Studies Program at the Massachusetts Institute of Technology as part of the U.S. Air Force Reserve Officer Training Corps, he was commissioned in 1987, and served as an officer in the U.S. Air Force Ready Reserve until his honorable discharge in 1997.

The firm of Bear Stearns Co Inc recruited Fletcher directly out of college ...


Alphonse Fletcher, Jr., known by the nickname Buddy, was born in Waterford, Connecticut. He attended Harvard University, graduating in 1987 with a bachelor's degree in applied mathematics. In his senior year, his fellow students chose him marshal, or president, of his class.

After graduating, Fletcher worked as an investment manager for the Wall Street firm of Bear, Stearns & Company before joining Kidder, Peabody & Company as a senior vice president managing an equity arbitrage group. Although he was among its most successful traders, the relationship ended poorly, with Fletcher's resignation in 1991. He subsequently sued the firm over a disputed bonus. Citing racial discrimination, he alleged that the company underpaid him approximately $2 million. His suits resulted in an arbitration award to him of $1.3 million in 1992, although a separate arbitration found no evidence of discrimination.

Immediately after Fletcher left Kidder Peabody he founded Fletcher ...