Review Category : National News

Son of Slain Hedge Fund Founder Charged with Homicide

Southampton Town Police Department(NEW YORK) — The son of a hedge fund manager whose death was “staged” to look like a suicide has been charged with his father’s death, police said on 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 interrogated by police at the 17th precinct, a spokesperson for the New York Police Department told ABC News.

The son has been charged with homicide, police said.

The medical examiner has ruled that the death was a homicide, and officials believe Thomas Gilbert’s death was “a staged suicide.”

Detectives believe 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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Slain Hedge Fund Founder Had High Hopes for His Company

WABC-TV | Inset: Facebook(NEW YORK) — The hedge fund manager who was fatally shot in his New York apartment was beginning to market to outside investors his small but growing fund that he started with his own money.

Thomas Gilbert Sr., whose son is being questioned about his death, started Wainscott Capital Partners in 2011. He and his team, which includes two biotech experts with PhD degrees, were described as having a “conservative, diversified approach,” reported hedge fund and private equity news website FINSalternatives in November.

Gilbert, 70, had been optimistic about the future of biotechnology and he claimed that the fund had more than $15 million under management, FINalternatives editor Deirdre Brennan told ABC News.

Starting a fund with one’s own money is “common for a smart, 70-year-old who could retire but is too smart and too active to do so,” Brennan told ABC News. Gilbert had been raising money for the fund, which was “doing well” by mid-November — and why he was starting to market it to outside investors, she said.

“I didn’t know him very well, but he was a really, really nice man,” she said.

Before starting Wainscott, Gilbert co-founded Syzgy Therapeutics, which made private equity investments in the biotechnology industry. Before that, he founded and ran an online teacher-education provider called Knowledge Delivery Systems, of which he was still a director.

In August 2013, Wainscott Capital Partners had $5 million under management with investments in about 20 company names at a time, Hedge Fund Alert reported. By October 2014, the fund had grown to $7.3 million, Wainscott Capital reported to eVestment.

“For the next 10 years we really have the wind at our back,” Gilbert told FINalternatives. “There is a continually expanding universe of companies that are executing, and the reason they are executing is that there have been some major breakthroughs in science. There are new drugs out there and new treatments for diseases.”

Returns had been “good” at Wainscott Capital, Peter Laurelli, eVestment’s research vice president, told ABC News: 10.48 percent through November 2014, compared to 43.91 percent in 2013 and 27.21 percent in 2012.

“We’re not trying to beat all of the biotech funds, we’re basically trying to avoid drawdowns,” Gilbert told FINSalternatives.

A graduate of Princeton and Harvard Business School, Gilbert “spent 40 years on Wall Street with direct investing experience in the stock market, as well as private equity, real estate, and the fixed income market,” according to his biography on Wainscott’s website.

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Slain Hedge Fund Founder Had High Hopes for His Company

WABC-TV | Inset: Facebook(NEW YORK) — The hedge fund manager who was fatally shot in his New York apartment was beginning to market to outside investors his small but growing fund that he started with his own money.

Thomas Gilbert Sr., whose son is being questioned about his death, started Wainscott Capital Partners in 2011. He and his team, which includes two biotech experts with PhD degrees, were described as having a “conservative, diversified approach,” reported hedge fund and private equity news website FINSalternatives in November.

Gilbert, 70, had been optimistic about the future of biotechnology and he claimed that the fund had more than $15 million under management, FINalternatives editor Deirdre Brennan told ABC News.

Starting a fund with one’s own money is “common for a smart, 70-year-old who could retire but is too smart and too active to do so,” Brennan told ABC News. Gilbert had been raising money for the fund, which was “doing well” by mid-November — and why he was starting to market it to outside investors, she said.

“I didn’t know him very well, but he was a really, really nice man,” she said.

Before starting Wainscott, Gilbert co-founded Syzgy Therapeutics, which made private equity investments in the biotechnology industry. Before that, he founded and ran an online teacher-education provider called Knowledge Delivery Systems, of which he was still a director.

In August 2013, Wainscott Capital Partners had $5 million under management with investments in about 20 company names at a time, Hedge Fund Alert reported. By October 2014, the fund had grown to $7.3 million, Wainscott Capital reported to eVestment.

“For the next 10 years we really have the wind at our back,” Gilbert told FINalternatives. “There is a continually expanding universe of companies that are executing, and the reason they are executing is that there have been some major breakthroughs in science. There are new drugs out there and new treatments for diseases.”

Returns had been “good” at Wainscott Capital, Peter Laurelli, eVestment’s research vice president, told ABC News: 10.48 percent through November 2014, compared to 43.91 percent in 2013 and 27.21 percent in 2012.

“We’re not trying to beat all of the biotech funds, we’re basically trying to avoid drawdowns,” Gilbert told FINSalternatives.

A graduate of Princeton and Harvard Business School, Gilbert “spent 40 years on Wall Street with direct investing experience in the stock market, as well as private equity, real estate, and the fixed income market,” according to his biography on Wainscott’s website.

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See What Eric Frein Looks Like Now

ABC News(MILFORD, Pa.) — The man who allegedly killed a Pennsylvania state trooper and wounded another before hiding in the Pennsylvania wilderness for 48 days has been pictured for the first time since his capture two months ago.

Eric Frein was seen walking into the Pike County Courthouse in Milford, Pennsylvania, on Monday.

The 31-year-old survivalist, who was previously pictured in camouflage and military-style clothing from war re-enactments, appeared clean-shaven and wearing glasses.

When Frein was apprehended after police discovered him hiding out at an abandoned airplane hangar, there was a visible, bloody cut on his nose.

Monday morning’s court appearance was held for a judge to decide if there was sufficient grounds to order a case against Frein in the attack on the state troopers.

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Hedge Fund Founder Fatally Shot in NYC Apartment; Son Questioned

ABC News(NEW YORK) — The founder of a hedge fund was fatally shot in his apartment Sunday on Manhattan’s East Side, police said.

Thomas Gilbert Sr., the founder and managing member of Wainscott Capital Partners was shot in the head, allegedly during an argument with his son, police told ABC station WABC-TV in New York.

Police later took Gilbert’s son, Tommy Gilbert, 30, into custody for questioning, NYPD Lt. Thomas Antonetti said. Tommy Gilbert was taken from his residence in Manhattan without incident and is considered a person of interest in the shooting, Antonetti said. He has not been arrested.

Thomas Gilbert Sr. is a graduate of Princeton and Harvard Business School who has “spent 40 years on Wall Street with direct investing experience in the stock market, as well as private equity, real estate, and the fixed income market,” according to the biography on the company web site.

He formed Wainscott Capital Partners in 2011. The fund focuses on the biotech and health care industries.

ABC News initially reported that Wainscott Capital Partners had $200 million in assets under management. The value of the privately held fund is not immediately known.

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Jury Selection Begins in Trial of Boston Marathon Bombing Suspect

iStock/Thinkstock(BOSTON) — As jury selection begins Monday in the case of the deadly Boston Marathon bombing, the father of the accused bomber said he and his wife expect their son to be put to death by “the Americans.”

“The Americans are going to harm my second son the same way they did to my oldest son,” Anzor Tsarnaev, father of Dzhokhar Tsarnaev, told ABC News from Dagestan. “We already know what’s going to happen. Everything is in Allah’s hand.”

Anzor Tsarnaev’s older son, Tamerlan Tsarnaev, was killed in a police shootout three days after the April 15, 2013 Boston Marathon bombing. Prosecutors say Tamerlan and Dzhokhar detonated two bombs near the finish line of the marathon, killing three people, including an eight-year-old boy, and injuring more than 260 others.

Hours after Tamerlan’s death, Dzhokhar was discovered hiding in a drydocked boat in the Boston suburb of Watertown. He has pleaded not guilty and could face the death penalty if convicted.

The trial is slated to begin Jan. 26 and is expected to last three to four months, Judge George O’Toole Jr. said in court Monday.

Attorneys for both sides Monday will begin whittling down the 1,000-plus jury pool for Tsarnaev’s trial. Security was already tight before the process began, with police boats patrolled the waters in Boston as bomb sniffing dogs circled the federal courthouse.

O’Toole briefed potential jurors Monday, instructing them to ignore the media coverage of the event and, if they’re selected, to only judge the case by what is said and shown in court. Each juror, the judge said, would have to be capable of imposing the death penalty in order to serve for this case.

Multiple times his defense argued that the trial should be delayed or moved, saying that it was impossible to get a fair trial in Boston due to the case’s high-profile nature, but those motions were denied. It is expected to be a long and painful trial.

“I want to see the death penalty,” said Liz Norden, the mother of two men who each lost a leg in the blasts. “I think he’s an animal… He knew when he dropped that backpack there [were] kids, women, families. His intentions were to do exactly what he did.”

In previous court filings, lawyers for Tsarnaev gave a glimpse of a possible defense strategy in which they could claim that Dzhokhar was under the control of his older brother Tamerlan, “an all-powerful force who could not be ignored or disobeyed.”

The brothers’ father told ABC News over the weekend he believes his sons to be innocent.

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Jury Selection to Begin in Trial of Boston Marathon Bombing Suspect

iStock/Thinkstock(BOSTON) — Jury selection in the trial of Boston Marathon bombing suspect Dzhokhar Tsarnaev begins Monday after the defendant’s attorneys tried unsuccessfully to delay the proceedings, which they first based on the premise that Tsarnaev wouldn’t be able to get a fair trial in Boston.

Tsarnaev’s lawyers appealed to the U.S. Court of Appeals for the First Circuit to push back the beginning of jury selection after their motion for a change of venue was denied.

The decision notes that the lawyers were unable to make the “extraordinary showing required to justify mandamus relief,” essentially, when a higher court’s order supersedes that of a lower one.

The lone dissenter on the panel was Judge Juan Torruella, who said that because the district court which rejected the change of venue request only explained its grounds on Friday, there was insufficient time to review all of the information available.

Tsarnaev, 21, has pleaded not guilty to 30 counts in connection with the April 15, 2013 bombing near the finish line of the Boston Marathon that left three people dead and more than 260 others injured. If convicted of the most serious charges, Tsarnaev could receive the death penalty.

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$200M Hedge Fund Founder Fatally Shot in NYC Apartment; Son Questioned

ABC News(NEW YORK) — The founder of a hedge fund with $200 million in assets was fatally shot in his apartment Sunday on Manhattan’s East Side, police said.

Thomas Gilbert Sr., the founder and managing member of Wainscott Capital Partners was shot in the head, allegedly during an argument with his son, police told ABC station WABC-TV in New York.

Police later took Gilbert’s son, Tommy Gilbert, 30, into custody for questioning, NYPD Lt. Thomas Antonetti said. Tommy Gilbert was taken from his residence in Manhattan without incident and is considered a person of interest in the shooting, Antonetti said. He has not been arrested.

Thomas Gilbert Sr. is a graduate of Princeton and Harvard Business School who has “spent 40 years on Wall Street with direct investing experience in the stock market, as well as private equity, real estate, and the fixed income market,” according to the biography on the company web site.

He formed Wainscott Capital Partners in 2011. The fund focuses on the biotech and health care industries.

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Boston Mayor Calls Marathon Bombing Trial Painful But Necessary

Darren McCollester/Getty Images(BOSTON) — On the eve of jury selection, Boston Mayor Marty Walsh said the trial of surviving marathon bombing suspect Dzhokhar Tsarnaev is painful but necessary.

The blasts killed three and injured more than 260 and for those families the trial, which is expected to last for months, “is going to be a tough time,” since “a lot of families are going to relive what happened on that horrific day,” Walsh said.

But Walsh said “the judicial process has to take place” if survivors and families of victims are to ever have the chance to move on.

The mayor said he doubted that the trial would bring closure to victims, but he described it as “a chapter in their life” they can close and no longer have to “worry about the court case, not worry about what evidence is being admitted and what evidence is not being admitted.”

Walsh said measures have been taken by law enforcement at every level to make sure security is tight while at the same time making the trial accessible to the public.

He declined to comment on the trial itself except to say that he believed citizens of his city that are part of the jury pool could be fair.

Dzhokhar Tsarnaev is accused of working with his brother, Tamerlan, to set off a pair of pressure cooker bombs near the finish line of the Boston Marathon on April 15, 2013. Three people were killed, including an 8-year-old boy, and more than 260 others injured.

Three days after the bombing, Tamerlan was killed in a shootout with police and Dzhokhar was captured hours later in a dry-docked boat in nearby Watertown, Mass.

He has pleaded not guilty to more than two dozen charges related to the bombing.

On Friday, a federal judge denied defense attorneys’ request for a trial delay and for a change of venue. Tsarnaev’s lawyers had claimed that due to the high-profile nature of the deadly April 2013 attack “every member of the jury pool is, in effect, an actual victim of the charged offenses.”

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Boston Mayor Calls Marathon Bombing Trial Painful But Necessary

Darren McCollester/Getty Images(BOSTON) — On the eve of jury selection, Boston Mayor Marty Walsh said the trial of surviving marathon bombing suspect Dzhokhar Tsarnaev is painful but necessary.

The blasts killed three and injured more than 260 and for those families the trial, which is expected to last for months, “is going to be a tough time,” since “a lot of families are going to relive what happened on that horrific day,” Walsh said.

But Walsh said “the judicial process has to take place” if survivors and families of victims are to ever have the chance to move on.

The mayor said he doubted that the trial would bring closure to victims, but he described it as “a chapter in their life” they can close and no longer have to “worry about the court case, not worry about what evidence is being admitted and what evidence is not being admitted.”

Walsh said measures have been taken by law enforcement at every level to make sure security is tight while at the same time making the trial accessible to the public.

He declined to comment on the trial itself except to say that he believed citizens of his city that are part of the jury pool could be fair.

Dzhokhar Tsarnaev is accused of working with his brother, Tamerlan, to set off a pair of pressure cooker bombs near the finish line of the Boston Marathon on April 15, 2013. Three people were killed, including an 8-year-old boy, and more than 260 others injured.

Three days after the bombing, Tamerlan was killed in a shootout with police and Dzhokhar was captured hours later in a dry-docked boat in nearby Watertown, Mass.

He has pleaded not guilty to more than two dozen charges related to the bombing.

On Friday, a federal judge denied defense attorneys’ request for a trial delay and for a change of venue. Tsarnaev’s lawyers had claimed that due to the high-profile nature of the deadly April 2013 attack “every member of the jury pool is, in effect, an actual victim of the charged offenses.”

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