Hedgeweek, relaying Bloomberg's September 25 reporting, says Diego Megia's Taula was down 9.4% for the year through September 18, including 4.3% in September. The firm declined to comment. Taula launched in 2024 with a $3 billion Millennium seed and reportedly now manages more than $9 billion.

The dates matter: this is neither a completed September return nor a current daily mark. Public reporting does not identify the positions, share class or net/gross basis needed for a precise comparison with other macro funds. A large launch and a difficult period can coexist; neither tells us whether a particular trade, liquidity constraint or risk limit explains this drawdown. Hedgeweek's report