Manhattan hedge fund founder Thomas Gilbert Sr was fatally shot in the head by his 30-year-old son Thomas Gilbert Jr inside the family’s East Side apartment on Sunday, authorities said.
Thomas Gilbert Sr 70, the Harvard-educated hedge fund founder and chief investment officer of Wainscott Capital Partners, was gunned down by son Thomas Gilbert Jr who was arrested about seven hours later at his Chelsea apartment, according to police.
Thomas Gilbert Jr., is accused of murdering his father Thomas Gilbert Sr Sunday in an apartment on the East Side.
A Wall Street whiz who headed a $200 million hedge fund was killed by his son Sunday inside his posh East Side apartment — and the suspect was nabbed after barricading himself in his apartment for hours, cops said.
Thomas Gilbert Sr., the 70-year-old founder and president of Wainscott Capital Partners, was shot in the head during the violent encounter with his son inside the victim’s multimillion-dollar apartment at 20 Beekman Pl., police said.
The murder sent cops fanning out across the tony Sutton Place neighborhood seeking the son, Thomas Gilbert Jr., who fled the scene on foot and headed to his W. 18th St. pad, officials said.
Thomas Gilbert Sr 70 was allegedly killed by his son Thomas Gilbert. Jr. 30, on Sunday afternoon.
The son, 30, was captured about 10:45 p.m. after cops in riot gear chopped down the door of his ground-floor apartment and found him hiding inside, officials said.
He was taken away in handcuffs, but a motive for the alleged patricide remained unclear. Gilbert Jr., a Princeton grad, showed no emotion and appeared stone-faced as cops took him to the 17th Precinct stationhouse for questioning.
Thomas Gilbert Jr. fled the scene his father’s fatal shooting on foot, according to cops. Facebook Thomas Gilbert Jr. fled the scene his father’s fatal shooting on foot, according to cops.
His distraught mother called 911 at 3:31 p.m. after finding her mortally wounded husband in a bedroom of their eighth-floor pad, a source said. It was not clear if she was home at the time of the shooting.
“I opened the door. He goes outside, he comes in, like always,” said the porter, who described Gilbert as “friendly,” “very nice” and a “gentleman.”
Thomas Gilbert, Jr. Officers in riot door broke down the door of a Chelsea apartment about 10:45 p.m. Sunday to apprehend Thomas Gilbert Jr., who had barricaded himself inside, officials said.
Police said the murder weapon — a Glock 22 .40-caliber handgun — was recovered inside the apartment.
The doorman on duty at the time of the murder said a young man believed to be Gilbert’s son slipped past the front desk moments before the shooting, a neighbor said.
Gilbert Jr. was captured late Sunday. Facebook Gilbert Jr. was captured late Sunday.
He said he overheard the doorman telling detectives he saw a young man wearing a hoodie walk into the lobby.
“I immediately got a bad vibe. The kid got into the elevator before I got the chance to pick up the telephone,” the doorman told police, according to the neighbor.
“I don’t care if he said he was his son,” added Bernard. “Five minutes later he comes running out covering his face with a hoodie.”
Thomas Gilbert Detectives are seen in the lobby of 20 Beekman Pl., where Thomas Gilbert Jr. allegedly brushed past the front desk on the way to to his father’s apartment Sunday.
The dead man’s wife declined to speak with reporters when police officers escorted her out hours after the murder, her head covered with the hood of a black coat.
A Wall St. veteran, Gilbert founded his hedge fund in 2011 and helped build it into thriving firm managing $200 million in total assets.
Gilbert had more than 40 years of investing experience after graduating from Princeton University and Harvard Business School.
He previously co-founded Syzygy Therapeutics, a biotech asset acquisition fund. He left Syzygy in April 2011 to form Wainscott Capital Partners.
In an interview in November, Gilbert said his company’s success came from a knack for investing in high-performing biotech stocks in a bumpy market.
“The performance that we had in September and October really set us apart,” he told FINalternatives.com.
The company’s website touted annual returns in the range of 20% to 30%.