Alfredo Saitta, who previously managed a hedge fund under his name at Brevan Howard Asset Management until last year, is set to join Diego Megia’s investment firm, Taula Capital Management, as a portfolio manager. He will begin trading on August 1, according to sources familiar with the appointment. Megia, a former senior money manager at Millennium Management, is expanding his trading teams following one of the largest hedge fund launches in history last year, which raised $5 billion, including investments from Millennium. The fund was later reopened to attract an additional $1 billion. Since its launch on June 1, Taula has achieved a return of 7.5%, significantly outperforming the average 3.8% return of hedge funds tracked during the same timeframe.
Brevan Howard closed Saitta’s hedge fund last year as part of a broader restructuring after it experienced a 4.9% loss in the first quarter of 2024. Saitta was among several traders at Brevan Howard managing their own funds as part of a strategy to retain top talent, overseeing $1.8 billion, which included substantial allocations from Brevan Howard’s Master and Alpha Strategies funds. Since its inception in 2017, Saitta’s fund delivered an annualized return of 5.2%.
Megia, who joined Millennium in 2019 after working at Citadel, where he was tasked with building a global government bond trading team, focuses Taula’s investment strategy on macroeconomic trends, fixed-income relative value, and inflation-risk trading. Additionally, Taula has recruited former Citadel executive Robert Featherstone, who will take on the role of head of business and talent development in the fourth quarter.
