Hedge Fund founder shot dead in New York

Hedge Fund founder shot dead in New York

Monday, January 5, 2015 12:45 pm

A hedge fund founder was found fatally shot in his plush Manhattan apartment Sunday and his son later called in for questioning, police said amid press reports he pulled the trigger.

Thomas Gilbert, 70, founder of the multimillion-dollar Wainscott Capital Partners Fund, was found dead at the scene at his eighth-floor residence after suffering a single bullet to the head, a police spokesman said.

The spokesman told AFP that the son, named in US media reports as Thomas Gilbert Jr, 30, was brought in for questioning several hours later but said he had not been charged as of early Monday morning. Investigations into the cause of death were ongoing.

The New York Post, quoting police sources, alleged the younger Gilbert shot his father dead after a row and then fled on foot.

The victim’s wife called emergency services soon after she found him in the bedroom of the apartment with a handgun nearby, The Wall Street Journal said.

The older Gilbert was a graduate of Princeton University and Harvard Business School and started the fund in 2011, according to his profile on 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.

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