After leaving Fairfield Greenwich, Murphy was hired by his latest employer, Paulson, who lamented Murphy's death in a statement Tuesday.
Despite that claim, Murphy and Annabella owned a $36 million townhouse at 7 East 67th st where the couple hosted lavish parties for Manhattan's social elite. Murphy is believed to have jumped to his death from a balcony of the West 44th Street hotel, police said.
"We are extremely saddened by this news".
A partner at NY hedge fund Paulson & Co died on Monday (March 27) after jumping out of a hotel window in what may be the fourth person connected to United States fraudster Bernie Madoff case to commit suicide, USA media reported.
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Murphy lost his job and his firm lost $50 million, when Madoff's investment scam was revealed in 2008 and 2009, according to the Wall Street Journal.
Murphy and other company partners were named as defendants in a lawsuit by investors, who reached an $80 million settlement with the firm in 2013.
He most recently was a partner at hedge fund Paulson & Co.
Murphy is now the fourth person connected to Madoff to commit suicide in the years following the Ponzi scheme scandal. Another investor, William Foxton, 65, committed suicide in 2009 because he was ashamed of his financial status. But a parking attendant at a nearby multi-story vehicle park told the Post that Mr Murphy's wife crashed their auto last summer and she could not afford to fix it.
Madoff's son Mark hanged himself in December 2010.