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- Canada's CIBC Completes $5Bn PrivateBancorp Buy
- Word ‘Women’ Literally Never Appears in U.S. Senate’s 142-Page Health-Care Bill
- Stephen Pierce, Goldman Sachs Global Head of Equity Markets, To Retire
- Al Gore 'Not Very Smart,’ But Became Filthy Rich Using Simple Investing Formula - Charlie Munger
- U.S. Regulators, Lawmakers Support Volcker Rule Revamp at Hearing
- Morgan Stanley Opts for Frankfurt as New EU Hub
- A New Risk for Goldman, Morgan Stanley in Stress Tests (subsc reqd)
- A Trump Bump for Law Firm of President’s Lawyer - Kasowitz Benson Torres
- JPMorgan, BofA, Goldman, Citi, Wells Fargo Pass Fed's Stress Test
- Blackstone Stock Still Trading at $31 - Its IPO Price From 10 Years Ago
- NJ Resident and NY-Based Global FX Club Charged with Solicitation Fraud, Misappropriation - CFTC
- Senate Republicans Release Plan to Replace Obamacare - The Details
- Berkshire Hathaway Throws $1.5Bn Lifeline to Canada's Home Capital
- Inside Nomura: Day in the Life of a Junior Banker
- Inside Travis Kalanick’s Resignation as Uber’s C.E.O.
- Creative Planning, KS Investment Firm, Spurring Change on Wall Street
- SEC Obtains Judgment Against Attorney Who Defrauded Escrow Clients
- SEC Files Fraud Charges Against Stock Promoters in Market Manipulation Scheme
- Power Lunches and Dinners in New York, London, Washington
- Banks to Cut $1.2Bn in Research Spending, Analyst Jobs - McKinsey
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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.]