Hedge Funds

FGG exec trying to unload townhouse

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Former Fairfield Greenwich Group partner Richard Murphy, who was hired in 2004 to take FGG public, is really down on his luck. Out of a job and a defendant in the investor lawsuits against FGG, the Madoff feeder, he is trying to sell his East 67th Street townhouse in New York. Maybe the price is too high. Murphy is asking $36 million, having paid $33 million in 2007, when he bought it from Seagrams heir Matthew Bronfman. That was the highest paid for a lot of his size in New York at the time. According to the New