Key Takeaways
- • Taula Capital Holdings Ltd. nearly doubled average compensation to £959k per head for the year ending December 2025, according to accounts just released.
- • The nascent discretionary global macro fund generated £92.3m in revenues and £4.8m in profits for 2025, up 152% and 40% respectively on an annualised basis versus the prior period.
- • Average headcount rose by 19 to 73 people, and the firm spent £1.2m on recruitment and development.
- • Taula's performance has deteriorated sharply in 2026, with the fund down over 9% by late September, though October performance has not been disclosed.
- • The fund, founded by Diego Megia with deputy CIO Stefan Ericsson, was reported in March to have $8.5bn in AUM after raising $1.75bn from investors, with a significant portion of launch capital reportedly from Millennium.
Summary
Taula Capital operates through multiple UK entities, including Taula Capital Holdings Ltd, Taula Capital Management (UK) LLP and Taula Capital Limited. The manager was launched in 2023 and officially began trading in mid-2024, pursuing a discretionary global macro strategy. Founder Diego Megia and deputy CIO Stefan Ericsson are both former Millennium employees, and the team has drawn heavily from that firm's alumni.
The fund's 2026 performance has been weak. According to the report, Taula was down over 9% in late September, and markets have been unfavourable in the weeks since. Performance for October has not been disclosed. Bloomberg reported in March that Taula had $8.5bn in assets under management after raising $1.75bn from investors. Earlier reports suggested that $3bn of the $5bn launch capital came from Millennium. Separately, Millennium reportedly withdrew $1.5bn this week from two external hedge funds, Troluce Capital Advisors and Axebrook Capital, which had lost money.
Taula did not respond to a request for comment, and declined to comment on its performance.
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