Hedge fund manager with Greenwich ties dies in NY

by Edgar Hayes March 30, 2017, 0:57
Hedge fund manager with Greenwich ties dies in NY

Charles Murphy, 56, jumped out of a 24th-floor window of the Sofitel New York Hotel in Midtown Manhattan, landing on a fourth-floor terrace.

Murphy was working at the Fairfield Greenwich Group when Madoff was arrested in December 2008 for running a $50 billion Ponzi scheme that bilked thousands of investors.

Murphy was one of many to lose his job over the Madoff scheme and was a defendant in the 80 million dollar class-action lawsuit against Madoff.

Pictured the Charles Murphy Paulson hedge fund manager who jumped from the 24th floor of NYC's Sofitel hotel with his wife, Annabella Murphy.

Murphy owned a luxury townhouse on East 67th Street near Fifth Avenue featuring eight bedrooms, 11 fireplaces and a pair of elliptical staircases, according to The Real Deal.

Mr Murphy had studied at Columbia University in NY and at Harvard Law School, and worked for Goldman Sachs, Morgan Stanley and other leading banks.

Before Paulson & Co., Murphy was employed by the Fairfield Greenwich Group, a hedge fund that did business with Madoff, according to the New York Daily News. Murphy purchased the building for $33 million in 2007, according to documents filed with the city.

"We are extremely saddened by this news", Mr. Paulson, the hedge fund's founder, said in a statement Tuesday.

That month, Madoff investor Rene-Thierry Magon de la Villehuchet (reh-NAY' tee-ay-REE' mah-GOHN' duh lah veel-oo-SHAY') killed himself in NY. In 2010, Madoff's son committed suicide in his Soho Apartment. Ex-U.S. Army major William Foxton, 65, killed himself in 2009. Company founder John Paulson reported the nydailynews described him as 'an extremely gifted and brilliant man, a great partner and a true friend'. He also had two children with his first wife, Heather Kerzner.

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