NY Hedge Fund Manager Shot Dead By Son Jan 4 2015 | 7:16pm ET A New York-based hedge fund manager has reportedly been shot dead in his Upper East side home by his son. Thomas Gilbert, founder and managing partner of Wainscott Capital Partners, was fatally shot in the head around 3:30pm on Sunday afternoon, according to police. Following the shooting, his son--30 year old Thomas Gilbert Jr.--fled the scene and was later apprehended by police at his own apartment in Chelsea. Thomas Gilbert, left, attends the annual 2013 Hedge Fund Association conference in New York (Photo by Kevin Kane) Gilbert, a 30 year veteran of Wall Street, founded the biotech-focused hedge fund firm Wainscott Capital in 2011. In an interview with FINalternatives in mid-November, the elder Gilbert spoke excitedly about his growing fund, which he said managed “just North of $15 million” at the time. While that may be considered small by hedge fund standards, Gilbert was concentrating on managing his own money and gaining a track record before marketing the fund to outside investors.
"Relax rich people. The hedge fund founder who was found shot dead in his apartment over the weekend seems to have been killed by his son, not by an angry peasant who had finally had enough. So go "short" on pitchfork futures."
Jr: "Dad...can you up my allowance a couple of grand?" Sr: How many times i told you...Im not PAYING for your Coke habit! When you going to get a job anyway?
Son arrested on murder charge in hedge fund founder shooting By COLLEEN LONG, Associated Press Updated 4:14 am, Tuesday, January 6, 2015 Photo: Suffolk County District Attorney’s Office, AP Image 1 of 1 This Sept. 2014 photo provided by the Suffolk County District Attorney’s office shows Thomas Gilbert Jr., after his arrest on Sept. 18, 2014 in the town of Southampton, N.Y., on a misdemeanor charge. On Monday, Jan 5, 2015 police arrested Gilbert, 30, on a murder charge after they say he went to his father's Manhattan apartment Sunday afternoon, shot him in the head after an argument about money, and tried to make it look like a suicide. Seventy-year-old Thomas Gilbert Sr. was a founding partner at hedge fund Wainscott Capital. Image 1 of 1 This Sept. 2014 photo provided by the Suffolk County District Attorney’s office shows Thomas Gilbert Jr., after his arrest on Sept. 18, 2014 in the town of Southampton, N.Y., on a misdemeanor charge. On Monday, Jan 5, 2015 police arrested Gilbert, 30, on a murder charge after they say he went to his father's Manhattan apartment Sunday afternoon, shot him in the head after an argument about money, and tried to make it look like a suicide. Seventy-year-old Thomas Gilbert Sr. was a founding partner at hedge fund Wainscott Capital. NEW YORK (AP) — A man shot his hedge fund founder father to death inside his apartment near the United Nations headquarters after they argued over the son's allowance, police said Monday. Thomas Gilbert Jr. was arrested on charges of murder and criminal possession of a weapon in the death of Thomas Gilbert Sr. He was being held pending arraignment, and the law office representing him had no comment. Police said Gilbert Jr. went to his parents' home on Manhattan's East Side on Sunday and asked his mother to go out to get him some food. About 15 minutes later, she got a "bad feeling" and went back, said Robert Boyce, the chief of detectives for the New York Police Department. Related Stories Lafayette man fatality shot outside night club Boston teen faces arraignment in shooting of woman Kansas baby dies after drive-by shooting "She found Senior on the floor with a bullet hole in the head," Boyce said. "She also found a gun resting on his chest with his left hand covering it." But Boyce said it was a staged suicide — his son was trying to cover up the killing. Officers went to Gilbert Jr.'s West Side apartment, where they found magazines, loose bullets and a shell that matched the gun found at the scene, police said. Gilbert Jr., 30, was in debt and had argued with his father, 70, over his allowance, police said. In 2011, Gilbert Sr., a graduate of Princeton University and Harvard Business School, founded Wainscott Capital Partners Fund, which has $200 million in assets. Industry publication Hedge Fund Alert said the fund had a net return of nearly 25 percent in 2012. Gilbert Jr. also attended Princeton, graduating in 2009 with a degree in economics. Authorities said he had no recent work history. Gilbert Sr. worked on Wall Street for more than 40 years, according to his profile on Wainscott's website, and he previously co-founded Syzygy Therapeutics, a biotech asset acquisition fund. He also was founder and CEO of an online teacher education company called Knowledge Delivery Systems Inc. Wainscott, which invests in biotechnology and health care stocks, had no immediate comment Monday. The fund focuses on stocks traded on large exchanges like the Nasdaq and New York Stock Exchange, and the minimum amount for investors is $500,000. "We're not cowboys," Gilbert Sr. said in a November interview with the publication FINalternatives. "People say, 'This guy can be up 40 percent but then he can be down 40 percent.' We would rather be up 20 percent and not have any down months or down years." The shooting was a rare act of violence in the Sutton Place neighborhood, a wealthy enclave just north of the United Nations. Neighbor Pierre Gazarian remembered Gilbert as "incredibly courteous, elegant," and praised his "civility (and) caring." "In a building in New York City, a lot of people barely say hello to each other," Gazarian said. "That makes the loss for some of us that much more painful." Gilbert Jr. has a pending criminal case in the town of Southampton, on eastern Long Island. Gilbert Jr., who has an address in the hamlet of Wainscott, was arrested Sept. 18 on a charge of criminal contempt. Southampton town police say he violated an order of protection issued in Brooklyn in June. Police say he confronted a man named Peter N. Smith at Sagg Main Beach in Sagaponack on Sept. 1. He has pleaded not guilty and has a Feb. 2 court date scheduled. ___ Associated Press writers Matthew Perrone in Washington, Marley Seaman in New York and Frank Eltman in Garden City, New York, contributed to this report.
"How sharper than a serpent's tooth it is to have a thankless child!" -- King Lear (William Shakespeare)
from quotes the dad looked like a very decent person. I'd change your statement to: Think about the irony of choosing the woman with whom you will father your own killer.
Seems like the son had it all: Princeton education, a rich father, arguably good looks. The world should have been his oyster. When did it all go wrong?