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Highflier Tells Clients to Wait.
- Source :
-
Wall Street Journal - Eastern Edition . 7/7/2011, Vol. 258 Issue 5, pC1-C2. 2p. - Publication Year :
- 2011
-
Abstract
- 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.
- Subjects :
- *HEDGE funds
*PENSION trust investments
*PROMISSORY notes
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 258
- Issue :
- 5
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 62277146