Paulson Partner Charles Murphy Dead of Apparent Suicide

Mar 28 2017 | 8:03pm ET

Veteran hedge fund industry executive Charles Murphy, most recently a partner with John Paulson’s Paulson & Co., died Monday after reportedly falling from the 24th floor of the Sofitel Hotel in midtown Manhattan. He was 56. 

Authorities are currently considering the death a suicide, according to multiple media reports of the incident.

Prior to joining Paulson in 2009, Murphy was a partner in Fairfield Greenwich Group, a feeder fund that invested more than $7 billion into Bernard Madoff’s crisis-era Ponzi scheme and ultimately settled litigation related to the scandal for more than $80 million in 2013.

While at Paulson, Murphy worked closely on the company’s activist strategy and was a key player in the plan to split AIG into multiple parts. He was also involved in successful investments in several insurance industry plays, according to Bloomberg, including CNO Financial, Radian Group and The Hartford Financial Services Group.

Prior to his role with Fairfield, Murphy’s career spanned some of the largest names in the financial industry, including stints at Goldman Sachs, Morgan Stanley, Deutsche Bank and Credit Suisse. He held an undergraduate degree from Columbia, a law degree from Harvard and an MBA from MIT. 

“We are extremely saddened by this news,” said Paulson in a statement Tuesday. “Charles was an extremely gifted and brilliant man, a great partner and a true friend. Our deepest prayers are with his family.”

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