Ex-Millennium Trader Megia Debuts Hedge Fund With $5 Billion
- Taula Capital Management closes to new money on very first day
- Stefan Ericsson from Millennium joins as deputy CIO at Taula
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Millennium Management’s former senior trader Diego Megia kicked off his new hedge fund with $5 billion and closed it to new money on the very first day, becoming one of the largest startups in recent years.
As much as $3 billion of the capital for his Taula Capital Management was raised from Millennium and the rest from investors including asset managers, pension plans and sovereign wealth funds, according to a person with knowledge of the matter. Megia’s Millennium colleague Stefan Ericsson joined as deputy chief investment officer at the firm, which started on June 1, the person said, asking not to be identified because the details are private.