Ex-Millennium Trader Megia Debuts Hedge Fund With $5 Billion (1)

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.

Diego Megia

Photographer: Óscar J.Barroso/Europa Press/Getty Images

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 ...