After a $10 million loss became public on X, crypto hedge fund Asymmetric is pivoting away from liquid trading strategies.
Update (July 23 at 10:00 pm UTC): This article has been updated to remove inaccurate information previously attributed to Asymmetric CEO Joe McCann.
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.
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