Asymmetric shifts funds strategy after investor posts losses on X

Key Points

1. Asymmetric Financial is pivoting away from liquid trading strategies after a $10 million loss was publicly shared on X, with CEO Joe McCann stating the current approach is no longer serving their limited partners (LPs).

2. McCann acknowledged the underperformance of the Liquid Alpha Fund but noted that other investment vehicles have performed well.

3. A Solana maximalist (BigbrainSOL) criticized Asymmetric's fund performance, highlighting a 78.37% drop in portfolio value from $12.89 million to around $2.78 million.

4. McCann defended the fund's performance, attributing the decline to a farm strategy tied to the Hyperliquid airdrop, which he believes will yield significant returns once the airdrop is live.

5. Investors in Asymmetric's funds will be allowed to exit, though McCann emphasized the firm is not shutting down.

6. The article mentions Hyperliquid's successful airdrop in November 2024, which distributed 31% of its token supply and initially valued at $1.2 billion, but also warns of risks associated with fake airdrops.