Wainscott Capital Management founder Thomas Gilbert Sr. was shot in the head and killed at his Beekman Place apartment in Manhattan yesterday, prompting investigators to seek his son, according to the New York City Police Department.
Thomas Gilbert Jr., 30, was taken into custody at his Manhattan residence and was being questioned, a police spokesman said shortly after 1 a.m. in New York. The son hasn’t been charged with a crime, the spokesman said.
Authorities responded to a call about 3:30 p.m. on Sunday and found the father, 70, in a bedroom of the eighth-floor unit. The investor and his son were discussing differences in their relationship before the incident, the Wall Street Journal reported, citing an unidentified law enforcement official.
The elder Gilbert spent decades investing in stocks, as well as private-equity, real estate and fixed-income markets, before starting his fund in 2011, according to
Wainscott’s website. It focuses on biotechnology and health-care investments. Clay LeConey, Wainscott’s director of sales and marketing, didn’t respond to a message outside business hours.
An article in industry publication Hedge Fund Alert in August 2013 said the fund had returned 25 percent in 2012 and 17 percent so far that year. The firm managed $5 million and was seeking to raise money from investors, the newsletter said.
Gilbert Sr. previously co-founded Syzygy Therapeutics, a biotech private-equity firm, where he stayed for a little more than a year, according to his LinkedIn profile. Before that, he was founder and chief executive officer of Knowledge Delivery Systems Inc., a provider of online teacher education where he worked for a decade. He also had worked as a managing director at Loeb Partners Corp., where he spent seven years in its private-equity group.
The investor was a graduate of Phillips Academy in Andover, Princeton University and Harvard Business School, according to his profile.
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