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The article discusses an investment by a hedge fund run by Fletcher Asset Management in the film "Violet & Daisy" whose director, Geoffrey Fletcher, is the brother of Fletcher Asset's founder, Alphonse Fletcher Jr. Commentary is presented on a possible conflict of interest on the part of the hedge fund, an unrealized loss generated by the film for the fund, and bankruptcy proceedings involving funds managed by Fletcher Asset.

The article reports that a hedge fund managed by the Fletcher Asset Management (FAM) investment firm of Alphonse "Buddy" Fletcher Jr. has filed for Chapter 11 bankruptcy protection as of July 2012. It is noted that another fund managed by FAM was ordered to be wound up by liquidators from the firm Ernst & Yong in April 2012 due to insolvency.

The article reports that a video recording between representatives of hedge-fund company Fletcher Asset Management and pension fund Firefighters' Retirement System of Louisiana shows Denis Kiely of Fletcher telling the fund it would be able to withdraw any money invested with Fletcher within weeks. Firefighters' subsequently invested and has had trouble getting its money returned.

The article reports that three Louisiana public pension funds say they will launch an examination of the financial records of hedge fund Fletcher Asset Management. The funds, which collectively have $100 million invested with Fletcher, acted after Fletcher responded to their requests for redemptions by issuing promissory notes.

The article focuses on possible discrepancies with the hedge fund Fletcher Asset Management. It states the fund, run by hedge-fund manager Alphonse Fletcher Jr., assured 12 percent returns a year. It mentions three public pension boards in Louisiana for firefighters and other public employees signed on in 2008 but were sent promissory notes in satisfaction of the redemption request instead of payment in June 2011. It talks about several unorthodox methods the fund used in calculating its value.