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- Senior Exec in Citigroup's Equities Unit Has Left
- Prudential Plotting its Escape From Fed's Tough Oversight
- Why CEOs Spurned Trump's Business Councils, in Their Own Words
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- Brian Quintenz Sworn In as CFTC Commissioner
- A Gary Cohn Resignation Would 'Crash the Markets' – Mgmt Guru Jeffrey Sonnenfeld
- Trading Firm DRW to Buy RGM Advisors - As Low Volatility Forces Out Weak HFT Players (subsc reqd)
- Reputational Damage - Rajat Gupta on Hard Road to Recovery
- 7th Circuit Affirms Spoofing Conviction - Bill Singer
- Wells Fargo Announces Board Changes
- Judge Rules Against Ex-Goldman Employee in Fed Leak Case
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NEWSLETTERS & ALERTS
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.]