Taula Capital Management, the London-based hedge fund founded by former Millennium trader Diego Megia, has swung to a profit of £21m for the 10 months to March 2025 – a sharp turnaround from a £2.3m loss a year earlier, according to a report by eFinancial Careers.

The result marks the first major profit since Taula’s 2023 launch and underscores the firm’s rapid growth trajectory. Headcount has risen from 77 at end-2024 to 110 by mid-2025, with high-profile hires including former Morgan Stanley trader Mehdi Belhachmi and Graham Frier, who joined from Eisler Capital.

Taula’s momentum has made it one of London’s most sought-after hedge fund employers, with Megia’s reputation for being “approachable and humble” adding to its appeal. The firm’s strong performance positions it to compete aggressively for trading and risk talent amid the ongoing war for portfolio managers, according to eFinancial Careers.