Pursuits
Charles Murphy, Partner at Paulson's Hedge Fund, Dies at 56
- ‘We are extremely saddened by this news,’ John Paulson says
- Murphy was involved in Paulson’s activist investment at AIG
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Charles Murphy, who helped pick insurance investments for U.S. hedge-fund manager Paulson & Co. and was an architect of the firm’s activist push at American International Group Inc., has died. He was 56.
“We are extremely saddened by this news,” John Paulson, the company’s billionaire 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.”