This new hedge fund trying to deliver big returns without expensive PMs has lost money since it launched last summer

SIMON DAWSON/Reuters Taproot Management, run by David Lin and ex-Two Sigma exec Jason Beverage, has lost money since launching. The firm aims to deliver multistrategy-like returns without the high costs that come with a large staff. Kevin Merritt, the firm's director of research, is also leaving the fund, Business Insider learned. Taproot Management is hoping to bring a new investing model to the $5.2 trillion hedge fund industry. So far, though, the young firm and its innovative structure ...