Taula Capital, the hedge fund everyone wants to work for, made a £21m profit
If you're setting up a new hedge fund, how long before it becomes profitable? Diego Megia's Taula Capital suggests it might take over a year but less than two.
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Taula Capital Management recently filed accounts for Taula Capital Management UK LLP, its London-based partnership. Profits for the 10 months to March 2025 were £21m, versus a loss of £2.3m for the 10 months to March 2024.
That was eight months ago. Since then, it's conceivable that Taula's profits have risen further still. In July, the fund employed 110 people, up from 77 at the end of 2024. Taula's made major hires, including Mehdi Belhachmi, a former interest rate options trader from Morgan Stanley who allegedly had an offer from Goldman Sachs and was being pursued by three other hedge funds. It's also added the hirsute Alfredo Saitta in Geneva and Graham Frier, a head of liquidity risk who joined last month from failed hedge fund Eisler Capital.
Taula Capital is a popular employer by virtue of Megia himself. He's understood to be personable, humble and approachable. Now that Taula is making a profit, he may be in a position to pay people handsomely, too.
As well as Megia, Taula's London partners include: Stefan Ericsson and Joshua Blakely, who also joined from Millennium.
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