Hedge Fund Founder Fatally Shot in NYC Apartment; Son Questioned

The victim's son was taken into custody for questioning.

Thomas Gilbert Sr., the founder and managing member of Wainscott Capital Partners was shot in the head, police told ABC station WABC-TV in New York.

ABCNews.com initially reported that Wainscott Capital Partners had $200 million in assets under management. The value of the privately held fund is not immediately known.