A Brattle principal served as special consultant to the bankruptcy trustee of Fletcher International, the master fund in a master-feeder fund structure managed by Alphonse “Buddy” Fletcher. Issues included custom and practice with respect to investment fund management, valuation of complex esoteric investments, investment fees, solvency, red flags, and Ponzi schemes. Issues also encompassed industry custom and practice with respect to fund managers and third-party service providers related to the business of Fletcher Asset Management, a registered investment adviser, and Richcourt, a fund of funds. The Brattle team researched and evaluated causes of action on behalf of the estate in support of the trustee and counsel. We also evaluated causes of action including those against law firms, accountants, administrators, and company principals.