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New York multi-millionaire hedge fund founder 'shot dead by son in luxury apartment'
Thomas Gilbert, 70, was shot once in head by 30-year-old man believed to be his son in Manhattan, US media reports
Thomas Gilbert, 70, founder of the multimillion-dollar Wainscott Capital Partners Fund Photo: Facebook
By By Peter Foster, in Washington and agencies
10:19AM GMT 05 Jan 2015
The son of a $200m hedge fund founder was being questioned by police in New York on Monday night over the murder of his father who was found fatally shot in his Manhattan apartment on Sunday, it was reported.
Thomas Gilbert, 70, founder of the multimillion-dollar Wainscott Capital Partners Fund, was shot once in the head by a 30-year-old man believed to be his son, according to several US media reports, quoting citing local law enforcement officials.
The alleged shooter’s mother called emergency services soon after she found Mr Gilbert in the bedroom of the eighth-floor apartment on New York’s upscale East Side with a handgun nearby, the Wall Street Journal quoted an official as saying.
The New York Post, citing law enforcement sources, added that Mr Gilbert was killed during an argument between the two men that took place on Sunday afternoon in Mr Gilbert’s bedroom. The son fled soon afterwards on foot, allegedly dropping the .40-calibre Glock pistol as he departed.
He was arrested at around 11pm on Sunday night, some seven hours after the alleged shooting, the newspaper reported, and was last night being questioned by police. No charges had been filed.
The shooting was a rare act of violence in a tiny enclave just north of the United Nations in the Sutton Place neighbourhood.
Neighbours interviewed by local media reported hearing the shot being fired, but were unaware what had happened until the news broke.
“He was a pillar on Wall Street – somebody everyone looked up to,” Hector Torres, 33, a neighbour who works in finance told the New York Post. “Very nice gentleman ... They seem like a normal family. Every time I saw him in the elevator, he would say, ‘hi.’ He would ask how I was.”
Mr Gilbert was a graduate of Princeton University and Harvard Business School and started the fund, which focuses on biotech and health care industries and has $200 million (£131.3m) in assets, in 2011, according to the fund's website.
“Mr. Gilbert has extensive knowledge of the alternative investment space having spent 40 years on Wall Street with direct investing experience in the stock market, as well as private equity, real estate and the fixed income market,” the website said.
