Home / National News / Hedge Fund Founder's Death 'Staged' as Suicide, Police Tell ABC


(NEW YORK) — The death of a hedge fund manager was “staged” to look like a suicide, according to police who are questioning the dead man’s son for a second day Monday.

Thomas Gilbert, the 70-year-old founder of Wainscott Capital Partners, was found shot dead in his Manhattan apartment Sunday night and police took his son Tommy Gilbert, 30, into custody around 10:45 p.m. Sunday, authorities said.

Tommy Gilbert was still being interrogated by police at the 17th precinct as of noon Monday, a spokesperson for the NYPD told ABC News. The spokesman said that no charges have been filed in the case.

The medical examiner has not yet ruled whether the death was a homicide, but two officials briefed on the investigation tell ABC News that detectives now believe Gilbert was the victim of a homicide and that the scene was “a staged suicide.”

Detectives believe the elder Gilbert was killed by his son, who then left the murder weapon — a .40 caliber Glock 22 — in the bedroom to make it look like a suicide, sources told ABC News. The gun was found in the bedroom near the victim’s body, but the weapon’s case was allegedly recovered in the son’s apartment, sources said.

Police said the son entered his parent’s Beekman place home Sunday afternoon and asked his mother to get him a sandwich. The mother told police that she left the apartment, and when she came back, she discovered her husband shot in the head in his bedroom.

The mother called 911 and told responding police that she had left her son alone with his father.

Detectives immediately began a search for the son, and found him in his Chelsea apartment. Investigators say that the father recently discussed no longer paying his son’s rent. They also say he discussed reducing his weekly allowance from $400 per week to $300.

The mother is being questioned by investigators.

Public records show that Tommy Gilbert was arrested in Southampton in September for second degree criminal contempt for allegedly violating an order of protection, though no specifics about the restraining order were released. He has not yet entered a plea in this case and a hearing is scheduled for Feb. 2.

He was also arrested in May 2007 on drug charges but no further information about the status of those two cases were publicly available.

A spokesman for Princeton University confirmed that both Gilberts graduated from the school. The father graduated in 1966 and the son graduated in 2009. The son also attended Deerfield Academy and graduated there in 2003.

Tommy Gilbert’s activity after his college graduation has not yet been revealed publicly.

His father is listed as the founder of Wainscott Capital Partners, a hedge fund that focused its assets on healthcare and biotech investing. The company last reported that it had more than $15 million under management, FINalternatives editor Deirdre Brennan said.

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