After a $10 million loss became public on X, crypto hedge fund Asymmetric is pivoting away from liquid trading strategies.
Crypto hedge fund Asymmetric Financial is pivoting away from liquid trading strategies following sharp underperformance and public backlash from investors.
In a post shared on X Wednesday, CEO Joe McCann acknowledged that the fund’s current approach “is no longer serving our LPs” and confirmed that Asymmetric will begin transitioning capital away from liquid trading into illiquid investments.
The update came amid criticism of the company’s Liquid Alpha Fund, which McCann admitted had failed to deliver this year.
