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Son of hedge fund millionaire charged with father's murder

THE 30-year-old son of a hedge fund founder has been charged with second-degree murder in the killing of his 70-year-old father.

Thomas Gilbert jnr was also charged with criminal possession of a weapon and criminal possession of forgery devices.

Thomas Gilbert snr was shot in the head in his New York apartment after the two argued over the son's allowance, police said.

The son went to his parents' home on Manhattan's

East Side on Sunday and asked his mother to go out to get him some food, according to police. About 15 minutes later, she got a "bad feeling" and went back, Robert Boyce, New York Police Department's chief of detectives said.

"She found (Gilbert) senior on the floor with a bullet hole in the head. She also found a gun resting on his chest with his left hand covering it," Mr Boyce said.

He added the son had tried to stage the killing as suicide. Police said Gilbert jnr was in debt and had rowed with his father over his allowance.

Mr Gilbert's next court appearance was set for Friday.

Authorities found ammunition at the defendant's apartment, including two magazines loaded with 17 rounds, loose bullets and empty shell casings. A skimmer device and blank credit cards were also found.

In 2011 Mr Gilbert snr, a graduate of Princeton University and Harvard Business School, founded Wain-scott Capital Partners Fund, which has $200 million (£131m) in assets.

Gilbert jnr also attended Princeton, graduating in 2009 with a degree in economics. Authorities said he had no recent work history.

* ROW: Left, Thomas Gilbert snr and his son Thomas

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