Millionaire hedge fund manager Thomas Gilbert Sr. was murdered by his own son following a dispute over cutting the Gilbert Jr.’s allowance.
Gilbert was founder of the $200 million Wainscott hedge fund, which invested in biotech funds. He was a graduate of Princeton University and Harvard Business School. He was a co-founder of Syzygy Therapeutics, a private equity biotech asset acquisition fund that he left to form Wainscott.
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Thomas Gilbert Jr. is 30 years old. Apparently the son was angry after his father cut his monthly allowance from $3, 000 a month to only $2, 800.
Gilbert Junior was getting $2, 400 a month for rent and $600 for expenses when dad cut the expenses part to only $400 a month.
Gilbert Junior went over to his parents’ East Side apartment on Sunday afternoon with a gun and shot his father to death. Apparently he got his mother to leave them alone by asking her to go out and get him a sandwich. Talk about spoiled rotten! She actually agreed to go to the trouble of leaving her own home just to buy her 30 year old son food.
Thomas Gilbert Jr. reportedly confessed to the police.