US & Canada

Thomas Gilbert: Son charged over hedge fund chief's murder

A mugshot of Thomas Gilbert Jr Image copyright AP
Image caption Thomas Gilbert Jr, in a mugshot issued after a separate arrest for a minor offence in September

The son of a US hedge fund founder who was shot dead over the weekend has been charged with his murder, which police describe as a staged suicide.

The body of 70-year-old Thomas Gilbert Snr was found by his wife on Sunday at their New York home with a single bullet wound to the head.

His son, Thomas Gilbert Jr, 30, has now been arrested on charges of murder and criminal possession.

Police said the two had been arguing over Gilbert Jnr's allowance.

Gilbert Jnr visited his parents on Sunday afternoon, and asked his mother to get him some food, according to New York Chief of Detectives Robert Boyce.

'Staged crime scene'

But while out, Detective Boyce said the woman got a "bad feeling" and decided to return.

There she found her husband shot in the head with a gun resting on his chest.

Police were unconvinced it was suicide, describing it as a "staged crime scene".

The younger Gilbert was arrested at his apartment, where officers discovered ammunition matching the gun found at the scene.

Thomas Gilbert Snr founded the hedge fund Wainscott in 2011. It focuses on the biotech and healthcare industries.

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