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Hedge Fund Manager, Who Invested with Madoff, Commits Suicide
Charles Murphy’s hedge fund at Fairfield Greenwich had invested over $7 billion with Madoff when the Ponzi scheme was revealed in 2008. Fairfield fired Murphy in 2009 and eventually agreed to pay $125 million to settle a lawsuit related to the Madoff case.
More recently, Charles Murphy, 56, worked for Paulson & Co., helping to select insurance investments for the hedge fund. That is, until he jumped to his death Monday afternoon at New York’s Sofitel Hotel. It’s believed that financial issues may have factored into his apparent suicide – this despite the fact that Murphy and his second wife, Annabelle, lived in an Upper Eastside townhouse that Murphy purchased for $33 million.
In addition to his work with Paulson and Fairfield, Murphy also worked with Goldman Sachs, Morgan Stanley, Deutsche Bank and Credit Suisse.
[Click on Bloomberg News for more details on the personal life of Mr. Murphy.]
