Joe McCann Closes Asymmetric Liquid Fund After 'Shifting Away From Liquid Trading'

Description

Joe McCann is winding down Asymmetric’s Liquid Alpha Fund after the fund was accused of losing massive value this year and drew sharp criticism online. In a social media post , the crypto investor said that the strategy behind the Liquid Alpha Fund “clearly is no longer serving our LPs.” He said the fund had been built for volatile markets and had once delivered results, but added that Asymmetric would now be "shifting away from liquid trading strategies" and toward longer-term investments in bl...