Hedge fund founder Thomas Gilbert fatally shot in Turtle Bay apartment, son sought by police

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TURTLE BAY, Manhattan (PIX11) -- The founder of a New York City hedge fund was fatally shot in the head in his Turtle Bay apartment Sunday afternoon.

Police responded to a 911 call at 20 Beekman Place between 50th and 51st Streets around 3:30 p.m.

When officers arrived, they found 70-year-old Thomas Gilbert in his bedroom with a gunshot to the head.

He was pronounced dead at the scene.

Gilbert was the founder and chief investment officer of Wainscott Capital Partners.

Gilbert founded the hedge fund in 2011 and helped built it into a firm managing $200 million in total assets.

No arrests have been made but police say Gilbert's 30-year-old son was in the apartment at the time of the shooting.

The son was not at the apartment when police arrived.

The investigation is ongoing.