BROWSE BY TOPIC
Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
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.]