Joe McCann Shutters Asymmetric Liquid Fund Amid Strategy Shift
Joe McCann is winding down Asymmetric's Liquid Alpha Fund following criticism of its performance and a strategic pivot away from liquid trading. The fund, designed for volatile markets, reportedly faced unconfirmed losses of 78% this year—a claim McCann disputes, citing pending "extraordinary" returns from Hyperliquid's airdrop.
The closure reflects broader market maturation, with crypto volatility plunging nearly 30% over twelve months. Investors can exit immediately or roll capital into illiquid blockchain infrastructure bets—a move McCann frames as disciplined adaptation to market evolution.