Hedge fund founder shot in the head

A 70-year-old hedge fund founder was found shot dead inside his Manhattan apartment, and police were questioning his son, authorities said yesterday.

Thomas Gilbert Sr was shot in the head at his Beekman Place residence on the East Side on Sunday, police said.

Police responded to the dwelling after reports of shots fired, and found Gilbert in the bedroom, a handgun near his body.

Gilbert’s son, Thomas, was being questioned by police but no charges have been filed, police said.

It wasn’t clear whether he had an attorney.

In 2011, the elder Gilbert founded Wainscott Capital Partners Fund, which has $200m (€167.7m) in assets. Industry publication Hedge Fund Alert said in an August 2013 article that the fund had a net return of nearly 25% in 2012.

Gilbert Sr worked on Wall Street for more than 40 years, according to his profile on Wainscott’s website, and previously co-founded Syzygy Therapeutics, a biotech asset acquisition fund.