Son of slain Manhattan hedge fund founder charged with murder

Source: WaPo

Authorities have charged Thomas Gilbert Jr. in the death of his father, the 70-year-old hedge fund founder who was found fatally shot in his New York apartment on Sunday, according to police.

The body of Thomas Gilbert Sr. was discovered in a bedroom of his apartment in Manhattan’s East Side, Bloomberg reported; he had a gunshot wound to the head. The Associated Press reports that Gilbert — founder of Wainscott Capital Partners Fund — was declared dead at the scene.

Gilbert’s 30-year-old son faces a murder charge and two weapons-related charges, George Tsourovakas, a spokesman for the New York Police Department, told The Post.

NYPD Chief of Detectives Robert Boyce told the AP that the younger Gilbert went to his father’s apartment Sunday afternoon and that the two men argued about money.

Boyce told the AP that the crime scene was staged to look like a suicide.

The Wall Street Journal reported that the victim’s wife called emergency responders after finding the body near a handgun.

“I heard a loud sound right above me,” Christopher Kelly, who lives below Gilbert, told the New York Post. “In New York, you hear loud noises. I thought somebody dropped something.”
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Read more: http://www.washingtonpost.com/news/morning-mix/wp/2015/01/05/founder-of-hedge-fund-found-dead-in-manhattan-apartment/

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Here's the probable motive:

A 30-year-old Princeton graduate, who allegedly shot dead his multimillionaire hedge-funder father, was upset that his weekly allowance had been cut back, according to published reports.
Tommy Gilbert Jr, a former pupil of Manhattan's most prestigious private schools, was being questioned by police on Monday after 70-year-old Thomas Gilbert Sr, founder of $200 million hedge fund Wainscott Capital, was found with a gunshot wound to the head.
A source told the New York Daily News that Mr Gilbert Sr had cut back Tommy's weekly allowance to $300 and threatened to stop paying his rent.
Gilbert Jr lives in a one-bedroom apartment in Chelsea where, according to listings, guarantors were accepted on the $2,400-a-month rent.


Read more: http://www.dailymail.co.uk/news/article-2896705/Son-arrested-multimillionaire-hedge-fund-father-dies-shooting-New-York-home.html#ixzz3NzS1sZ6o