Friday, 31 October 2014
Last updated 10 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.