New TMT Firm Unveils First Hedge Fund

Apr 4 2012 | 10:00am ET

A former Gilder Gagnon Howe & Co. money manager has launched a technology, media and telecommunications hedge fund.

Adam Gold's Espial Capital Management rolled out its maiden hedge fund on March 15. The new long/short equity vehicle is a best-ideas fund, with between 10 and 20 longs and 20 and 30 shorts. Espial can invest across the capitalization spectrum.

The new fund debuted with $10 million, some internal capital, some from high net-worth investors and industry-specific managers, HFMWeek reports. It can manage as much as $1 billion.

In addition to Gold, New York-based Espial features Alex Schecter, formerly of Roaring Brook Capital, as chief operating officer.

At Gilder Gagnon Howe, Gold ran separately managed accounts. His résumé also boasts stints at Coatue Management and EnTrust Capital. He founded Espial earlier this year.

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