Paulson & Co hedge fund manager dead in an apparent suicide

Listen to this article

00:00
00:00

A hedge fund manager at New York investment firm Paulson & Co fell to his death from a Manhattan hotel on Monday in an apparent suicide.

Charles Murphy was pronounced dead at the scene when authorities arrived at the Sofitel building shortly after 5pm, and a police spokesman said an investigation had been opened.

John Paulson, founder of Paulson & Co, paid tribute to Mr Murphy in a statement on Monday night.

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

Mr Murphy had been hired by Mr Paulson after the collapse of his previous employer, Fairfield Greenwich, a hedge fund that acted as a feeder fund for Bernie Madoff. Fairfield collapsed after Mr Madoff admitted in 2008 that he was running a Ponzi scheme.

At Paulson & Co, Mr Murphy’s most recent work included leading the fund’s activist investment in AIG.

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.