Manhattan money manager Alphonse “Buddy” Fletcher Jr. is proving to be better at making enemies than profits.
Moneyman Alphonse Fletcher, who is battling with the board of the historic Dakota, is nowbeing portrayed as the villain in a Louisiana pension drama
Fletcher, who is in a high-profile tussle with the Dakota co-op, is now accused of creating an “intricate shell game” to separate his investors from their money.
Three pension funds for Louisiana firefighters and municipal employees say almost all of their $100 million investment in the 47-year-old’s hedge fund is missing.
Fletcher Asset Management claimed to have $554.8 million as of April 4. But once the pension funds tried to get their money, Fletcher allegedly began to shift money around.
Read more: NYpost