N.Y. police arrest son in murder of hedge fund founder

Police apprehended the younger Gilbert at his apartment in another part of Manhattan, Boyce said.

Police said a .40-caliber handgun was recovered at the scene of the shooting, on Manhattan’s affluent East Side. Ammunition matching the gun as well as the manufacturer’s box for a Glock handgun was found at the son’s apartment, Boyce said.

The elder Gilbert, a graduate of Princeton University and Harvard Business School, founded Wainscott in 2011 and was the fund’s chief investment officer, according to a profile on its website.

Gilbert also was a co-founder of Syzygy Therapeutics, a private equity biotech asset acquisition fund that he left to form Wainscott, the profile said.

Wainscott returned 10.48 percent in the first 11 months of 2014, lagging the S&P 500’s roughly 12 percent gain and its 43.92 percent return in 2013, according to a source with access to the fund’s performance figures.

(Additional reporting by Svea Herbst-Bayliss; Editing by Bernadette Baum, Andre Grenon and Steve Orlofsky)

Article Appeared @http://www.reuters.com/article/2015/01/05/us-usa-crime-wainscott-idUSKBN0KE05X20150105

 

Leave a Reply

Your email address will not be published. Required fields are marked *