What Taproot Management does

Taproot Management is a New York-based, privately held hedge fund structured as a limited partnership (Taproot Management, L.P.) that operates a market neutral equities platform. Founded in 2025 by David Lin and Jason Beverage — a former Two Sigma executive — the firm targets institutional capital allocators such as pension funds, endowments, and sovereign wealth funds, and is formally restricted from soliciting natural persons resident in the EU or UK.

The firm's core product is the proprietary Alpha Capture Platform, a purpose-built system that ingests fundamental investment ideas generated by human analysts and processes them through quantitative modeling, portfolio construction, and algorithmic execution. Taproot positions this hybrid human-plus-system approach as a means to replicate the returns profile of traditional multistrategy hedge funds at a lower cost, and to reduce dependency on expensive individual portfolio managers by systematizing execution.

Taproot's business model follows standard hedge fund economics, earning revenue through management fees and performance fees on assets under management. The fund launched in Q3 2025 with a $250 million anchor commitment from the Canadian Pension Plan Investment Board (CPPIB), and there are no publicly disclosed additional institutional investors. The fund is actively trading but has posted a roughly 1% decline in its first six months with continued losses into early 2026, and in March 2026 its Director of Research and Partner Kevin Merritt departed, being replaced by Ted Orenstein (formerly of SAC, Millennium, and Walleye). Operations are run from a single New York headquarters at 1330 Avenue of the Americas, with 11–50 employees.

Name

Taproot Management

Legal name

Taproot Management, L.P.

Website

https://taprootmanagement.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

11–50 employees

Short description

Taproot Management is a New York-based market neutral equities hedge fund founded in 2025 by David Lin and former Two Sigma executive Jason Beverage. It uses its proprietary Alpha Capture Platform to combine fundamental investing with quantitative modeling, targeting institutional investors such as pension funds and endowments.

Ownership category

akta.pro rank

Product category

Hedge Fund / Market Neutral Equity Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Manager / Multi-PM Platforms (FSAHAKAD)

Keywords

• Market neutral equities
• Hedge fund management
• Long-short investing
• Quantitative trading platform
• Institutional asset management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Management and Performance Fees: Standard hedge fund revenue model generating income through management fees charged on assets under management and performance fees (typically a percentage of profits above a high-water mark). The approach is designed to replicate multistrategy returns at potentially lower cost compared to traditional multistrategy funds.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Taproot Management LP operates a market neutral equities hedge fund that combines fundamental long-short investing with a proprietary quantitative platform for portfolio construction and trade execution. Analysts feed investment ideas into the firm's purpose-built Alpha Capture algorithm, which systematically monetizes and risk-manages fundamental alphas. The platform is offered exclusively to institutional investors via a single pooled fund vehicle.

Product overview

Taproot Management operates as a single unified market neutral equities platform that combines fundamental investing with quantitative modeling, portfolio construction, and execution. The core product is the proprietary Alpha Capture Platform, which enables the firm to monetize and risk manage fundamental alphas fed by analysts into a computer-driven algorithm that executes trades.

Differentiator

Problem solved

Functional benefit

Products and services

• Market Neutral Equities Fund (Alpha Capture Platform) A pooled hedge fund vehicle that pursues long-short market neutral equity strategies by combining fundamental investing with quantitative modeling, portfolio construction, and systematic execution via the firm's proprietary Alpha Capture platform. Designed for institutional investors such as pension funds, sovereign wealth funds, endowments, and foundations seeking uncorrelated, absolute-return equity exposure.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Millennium Management: Multi-strategy, multi-PM hedge fund platform with global institutional distribution; comparable because Taproot's Alpha Capture platform is structurally similar to Millennium's PM platform and targets the same institutional allocators.
• Walleye Capital: Systematic and discretionary equities hedge fund; relevant because Taproot's incoming Director of Research Ted Orenstein is a former Walleye investor, and the firm's market neutral equities mandate overlaps directly.
• Balyasny Asset Management: Multi-strategy hedge fund platform aggregating discretionary PMs with systematic execution; directly comparable to Taproot's vision of capturing fundamental alphas via algorithm-driven execution at lower cost.
• Point72 Asset Management: Discretionary and systematic hedge fund serving institutional clients; comparable on customer base (institutional LPs) and overlap with the quantamental investment approach Taproot employs.
• ExodusPoint Capital: Multi-strategy hedge fund combining systematic and discretionary approaches; comparable given overlap in market neutral equities strategies and institutional LP base.
• Schonfeld Strategic Advisors: Multi-PM hedge fund platform running fundamental and systematic equities books; comparable platform model and direct institutional sales approach to Taproot.

Broad incumbents

• DE Shaw & Co. Large systematic and fundamental hedge fund; comparable given its hybrid fundamental-quant equities strategies and institutional LP base similar to Taproot's target market.
• Two Sigma: Large systematic hedge fund combining fundamental and quantitative approaches; directly comparable given Taproot founder Jason Beverage is a former Two Sigma executive and Taproot's hybrid quantamental model mirrors Two Sigma's early strategy.
• AQR Capital Management: Quantitative asset manager running systematic, market-neutral and factor strategies; comparable on investment style and institutional client overlap with Taproot.
• Citadel LLC: Major multi-strategy hedge fund with significant equities and systematic capabilities; comparable broad incumbent serving the same institutional investor base as Taproot.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/taproot-management

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Taproot Management