Taula Capital, the hedge fund founded by former Citadel and Millennium portfolio manager Diego Megia which launched in April with $5bn in assets and is on track to hit $6bn by March next year, has halted hiring after its headcount hit 77, according to a report by eFinancial Careers.

While Taula's assets are set to surpass those of the year's other big launch, Jain Capital, its staffing levels are much lower with Bobby Jain's firm employing around 250 people.

The report cites unnamed sources familiar with the matter as confirming that Taula has no immediate plans to significantly increase the size if its team, which is divided evenly between investment and non-investment roles, although is is preparing to recruit junior talent via a graduate programme in 2025.

Taula's lean team comprises 33 FCA-registered professionals based in London, many of whom transitioned from Millennium, which seeded the fund with $3bn. Since June, nine new hires have joined globally, including Michael Jun Xu, a macro portfolio manager from Balyasny, who joined in September in New York. Other recent additions include Lucas Krishan, an economist from TD Securities, and Mark Danovich, a PhD-qualified quant researcher specialising in optoelectronics.