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Alphonse Fletcher Jr. '87: 'I am committed to supporting the creation of new endowed chairs to help create an increasingly diverse and distinguished faculty, advancing Harvard's crucial role in educating students for positions of leadership in our global society.'
Alphonse Fletcher Jr. One of three brothers to attend Harvard, Alphonse Fletcher '87 was brought up by Alphonse Fletcher Sr. and Bettye R. Fletcher, parents who emphasized the crucial role of education in personal development. Inspired by his experience at Harvard, Fletcher established the Alphonse Fletcher University Professorship in 1996, and he now enthusiastically supports the Professorship Challenge Fund. "I am committed to supporting the creation of new endowed chairs to help create an increasingly diverse and distinguished faculty, advancing Harvard's crucial role in educating students for positions of leadership in our global society," he said. Fletcher was elected first marshal of the Class of 1987 and was commissioned as a lieutenant in the U.S. Air Force on graduation, having completed the Air Force ROTC requirements in addition to his undergraduate studies. After receiving his degree with an applied mathematics concentration, Fletcher went to work at Bear, Stearns & Co. and later with Kidder, Peabody & Co., where he emerged as one of the firm's most successful proprietary investors. Leaving Kidder, he founded Fletcher Asset Management in 1991, for which he serves as chairman and CEO. A recognized authority in the area of quantitative finance, Fletcher focuses his firm on using quantitative techniques to implement investment and hedging strategies for itself, institutional clients, and private clients. Fletcher served on the Committee to Visit the College, and is a member of the New York Major Gifts Committee and the Committee on University Resources. He is a former director of the Harvard Alumni Association and co-chaired his 10th Reunion Gift Committee. Fletcher was also an Associates chair for the Class of 1987, and has generously supported the 2003 and 2006 Harvard College Black Alumni Weekends.
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Alphonse Fletcher, Jr., Founder and CEO, Fletcher Asset Management, Inc., New York, NY. Alphonse pursues an uncommon investment strategy combining traditional investment management, corporate finance, quantitative methods, and social responsibility. Since 1991, Fletcher Asset Management has invested more than $1 billion in dozens of promising companies. In 1996, the company had about 25 employees, and there were days when Fletcher, this tiny company (by Wall Street standards), accounted for more than five percent of the New York Stock Exchange's trading volume. Alphonse started working in the investment arena after graduating from Harvard in 1987. He first joined the Wall Street investment firm of Bear, Stearns & Co. and in 1989 was lured away by GE's Kidder, Peabody & Co., a giant in the Wall Street-based investment industry. Alphonse soon became an active philanthropist. The recipients of his generosity have been the NAACP, Harvard University, Alvin Ailey Dance Theater, New School for Social Research, and the Joseph Papp Public Theater/New York Shakespeare Festival. In collaboration with other groups, Alphonse has launched a $50 million multi-year initiative in education which includes a fellowship program providing $50,000 fellowships to educators, lawyers, scientists, artists, economists, and others who work toward equality. Alphonse was named “Entrepreneur of the Year 1999” by Ernst & Young. He has an A.B. from Harvard University and a Masters degree from the Yale Environment School.
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