London-based hedge fund Taula Capital Management has recruited Alfredo Saitta, a former Portfolio Manager at Brevan Howard Asset Management, as it continues to expand its trading team, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as revealing that Saitta, who previously managed a hedge fund bearing his own name at Brevan Howard, will join Taula as a Portfolio Manager starting 1 August.
Taula, led by Diego Megia, has been aggressively growing its investment team following one of the largest hedge fund launches in recent years. Megia, a former Senior Money Manager at Millennium Management, initially raised $5bn in capital, including contributions from Millennium. He later reopened the fund to add another $1bn, Bloomberg News reported in June.
Since its launch on 1 June, 2024, Taula has returned 7.5%, significantly outperforming the 3.8% average gain posted by hedge funds tracked by Bloomberg over the same period.
Saitta was previously one of Brevan Howard’s key traders, running an eponymous hedge fund as part of the firm’s strategy to retain top talent by allowing star managers to oversee their own investment pools. His fund controlled $1.8bn, with major allocations from Brevan Howard’s Master and Alpha Strategies funds.
However, his fund was shuttered in 2024 as part of Brevan Howard’s firm-wide restructuring, following a 4.9% loss in Q1 2024. Despite this, Saitta had delivered an annualised return of 5.2% since the fund’s inception in 2017.
