Wainscott Capital’s Thomas Gilbert Killed; Son in Custody

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 for questioning, according to the New York City Police Department.

Thomas Gilbert Jr., 30, was taken into custody at his Manhattan residence, police said shortly after 1 a.m. in New York. The son hasn’t been charged with a crime, and the police declined to say if he was a suspect.

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 messages seeking comment.

Wainscott reported assets of $7.3 million and returns of 10.6 percent through November, according to an investor who has seen the fund’s performance and asset data. It had three-year annualized returns of 22.5 percent, said the person, who asked not to be identified because the information is private.

Private Equity

The elder Gilbert 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.

The son, a graduate of Deerfield Academy and Princeton University, according to his Facebook page, had made preparations to follow in his father’s money-management footsteps. In May of last year he filed with the Securities and Exchange Commission to raise money for a hedge fund, Mameluke Capital. The address for the fund was the same as an address listed for Gilbert Jr. in public records.

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