Donald S. MacKenzie

New York judge gives Bermuda hedge fund Fletcher International another 60 days to re-organize

August 3, 2012

A bankruptcy judge in New York has extended an injunction preventing Cayman feeder funds from pursuing a petition to wind up Fletcher International in Bermuda. Judge Robert E. Gerber stated that he wanted to give the hedge fund "a reasonable time" to attempt to re-organize, while acknowledging it might be beyond saving.

Fletcher International, Ltd. v. Fletcher Income Arbitrage Fund et al: Opposition to Plaintiff’s Motion for Preliminary Injunction

July 26, 2012

Pre-Hearing Opposition to Plaintiff's Motion for Preliminary Injunction in Fletcher International, Ltd. v. Fletcher Income Arbitrage Fund, FIA Leveraged Fund, and Fletcher Fixed Income Alpha Fund, Ltd. at the U. S. Bankruptcy Court for the Southern District of New York.

Cayman feeder fund consents to New York court overseeing insolvency of Bermuda hedge fund Fletcher International

July 24, 2012

New York, rather than Bermuda, is a more convenient jurisdiction to liquidate Bermuda-domiciled master hedge fund Fletcher International, Ltd. - but only if its "pre-petition operating team" is removed. That is the stance of the offshore liquidators of one of three Cayman Islands-domiciled feeder funds that are involved in litigation with the Fletcher Fund Group in Cayman, Bermuda and New York.

Fletcher International, Ltd. v. Fletcher Income Arbitrage Fund et al: Declaration of Donald MacKenzie

July 24, 2012

Declaration of Donald MacKenzie in support of Fletcher International, Ltd.'s motion for TRO and other relief in Fletcher International, Ltd. v. Fletcher Income Arbitrage Fund, Ltd., FIA Leveraged Fund, and Fletcher Fixed Income Alpha Fund, Ltd. at the U. S. Bankruptcy Court for the Southern District of New York.