Key Takeaways
- • Stefan Ericsson, who left Citadel for Millennium on an alleged $50 million compensation package reported by the New York Times, has joined Taula Capital in London as deputy chief investment officer, marking his reemergence after a two-year absence from the market.
- • Taula Capital launched with $5 billion in initial capital, of which $3 billion originated from Millennium Management, with founder Diego Megia—a former Millennium senior portfolio manager—serving as chief investment officer and recruiting 25 additional Millennium employees alongside Ericsson.
- • Taula has assembled a 111-person workforce across multiple jurisdictions, including 26 registered with the UK Financial Services Authority in London, with approximately 43 hires sourced from competing hedge funds and major financial institutions including Goldman Sachs, Balyasny, and Schonfeld.
- • Key external recruits include Kevin Quinlan (former Goldman Sachs fixed income sales, nine years tenure), Alan Huynh (head of data and software engineering from Balyasny), and Tristan Alasoeur (head of data and analytics from Schonfeld), demonstrating Taula's focus on building specialized technical and trading capabilities.
- • Megia's hiring strategy emphasizes meritocracy and collaboration; despite the significant Millennium presence, 43 of 68 total hires come from external sources, with operations spanning London, Jersey, New York, Dubai, Milan, and Switzerland.
Summary
Stefan Ericsson has surfaced at Taula Capital, a newly launched London-based hedge fund founded by Diego Megia, a former senior portfolio manager at Millennium Management. According to reporting, Ericsson departed Citadel approximately two years ago to join Millennium on an alleged $50 million compensation package spanning multiple years, as reported by the New York Times. His subsequent move to Taula marks his formal reentry into active portfolio management after a prolonged market absence, during which a non-compete agreement may have restricted his employment options.
Taula Capital launched with $5 billion in total capital commitments, with $3 billion sourced directly from Millennium Management. The fund has rapidly scaled to 111 employees, including Ericsson in the role of deputy chief investment officer supporting Megia's CIO mandate. While Megia recruited 25 former Millennium colleagues, he has deliberately diversified the team's composition, bringing in 43 personnel from rival hedge funds, major investment banks, and specialized firms. Recent external additions include Kevin Quinlan, who spent nine years in fixed income sales at Goldman Sachs in London before joining as head of treasury in May 2024; Alan Huynh, recruited from Balyasny as head of data and software engineering; and Tristan Alasoeur, hired from Schonfeld two months prior as head of data and analytics.
The fund maintains a geographically distributed footprint, with 26 employees registered with the Financial Services Authority in London and the remaining 42 positioned across Jersey, New York, Dubai, Milan, and Switzerland. Industry sources characterize Megia as a respected trading team builder with previous experience at both Citadel and Millennium, known for meritocratic management and collaborative problem-solving. Neither Megia nor Ericsson provided commentary regarding the terms of Ericsson's compensation at Taula, including whether his original $50 million package from Millennium continues in force. The fund's hiring momentum persists despite broader hedge fund industry recruitment slowdowns, suggesting strong capital availability and strategic confidence in its investment thesis and operational infrastructure.
Taula Capital launched with $5 billion in total capital commitments, with $3 billion sourced directly from Millennium Management. The fund has rapidly scaled to 111 employees, including Ericsson in the role of deputy chief investment officer supporting Megia's CIO mandate. While Megia recruited 25 former Millennium colleagues, he has deliberately diversified the team's composition, bringing in 43 personnel from rival hedge funds, major investment banks, and specialized firms. Recent external additions include Kevin Quinlan, who spent nine years in fixed income sales at Goldman Sachs in London before joining as head of treasury in May 2024; Alan Huynh, recruited from Balyasny as head of data and software engineering; and Tristan Alasoeur, hired from Schonfeld two months prior as head of data and analytics.
The fund maintains a geographically distributed footprint, with 26 employees registered with the Financial Services Authority in London and the remaining 42 positioned across Jersey, New York, Dubai, Milan, and Switzerland. Industry sources characterize Megia as a respected trading team builder with previous experience at both Citadel and Millennium, known for meritocratic management and collaborative problem-solving. Neither Megia nor Ericsson provided commentary regarding the terms of Ericsson's compensation at Taula, including whether his original $50 million package from Millennium continues in force. The fund's hiring momentum persists despite broader hedge fund industry recruitment slowdowns, suggesting strong capital availability and strategic confidence in its investment thesis and operational infrastructure.
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