The 30-year-old killed his father in his Manhattan apartment and then tried to make it look like suicide, police say.

Son ‘Shot Hedge Fund Boss After Allowance Fight’

By Sky News US Team

The son of a hedge fund boss shot dead in his Manhattan home has been charged with his murder.

Thomas Gilbert Jr, 30, shot his father Thomas Gilbert, 70, after they argued over the son’s allowance, New York police said.

The younger Gilbert was in debt, police said.

He has been charged with murder and criminal possession of a weapon.

Thomas Gilbert Jr

Thomas Gilbert Jr attended Princeton

Police said Gilbert Jr went to his parents’ home on the East Side on Sunday and asked his mother to go out to get him some food.

About 15 minutes later, she got a “bad feeling” and went back, said Robert Boyce, the chief of detectives for the NYPD.

“She found Senior on the floor with a bullet hole in the head,” Mr Boyce said.

“She also found a gun resting on his chest with his left hand covering it.”

But, according to police, it was a “staged crime scene” to make it look like suicide.

“The gun laying where it was, it didn’t seem it was a self-inflicted wound,” Mr Boyce said.

Google Street View image of the apartment building at 20 Beekman Place where hedge fund manager Thomas Gilbert was killed

The home is on Manhattan’s East Side, near the UN headquarters

When police went to Gilbert Jr’s apartment, they said they found magazines, loose bullets and a shell that matched the gun found at the scene.

Gilbert Jr has appeared in court on Monday and did not enter a plea.

The elder Gilbert worked on Wall Street for 40 years and in 2011 founded the Wainscott Capital Partners Fund, which has $200m in assets.

A graduate of Princeton University and Harvard Business School, Mr Gilbert was also co-founder of Syzygy Therapeutics, a private equity biotech asset acquisition fund that he left to form Wainscott.

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

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