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Hedge fund exec who targeted AIG dies in fall

Hedge fund exec who targeted AIG dies in fall

A hedge fund executive who fell to his death from a New York hotel on Monday was an architect of Paulson & Co.'s activist push at American International Group Inc., Bloomberg reported Tuesday.

Charles Murphy, 56, who joined John Paulson's firm in 2009, fell from a room in the luxury Sofitel New York Hotel in midtown on Monday afternoon.

Mr. Paulson's firm and Carl Icahn's firm, Icahn Enterprises, have been pushing for AIG to break up. Earlier this month, AIG announced CEO Peter Hancock would step down.

Mr. Murphy previously worked at Fairfield Greenwich, which had invested over $7 billion in with Wall Street scammer Bernie Madoff. Mr. Murphy also worked at Goldman Sachs Group Inc. in New York and then for Morgan Stanley, Deutsche Bank A.G. and Credit Suisse Group A.G. in London.

“We are extremely saddened by this news,” Mr. Paulson, the hedge fund’s founder, said 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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