Joe McCann finished the Liquid Alpha of Asymetric fund after the fund was accused of having lost a massive value this year and sparked strong online criticism.
In an article on social networks, the cryptographic investor said that the strategy behind the Liquid Alpha fund “is clearly no longer used our LPS”. He said the fund had been built for volatile markets and once provided results, but added that asymmetrical “would now move away from liquid negotiation strategies” and to longer -term investments in blockchain infrastructure.
The decision comes after unconfirmed social networks are social networks that the liquid fund has dropped by 78% this year. However, McCann said in a separate article that the Assymmetrical Fund “is not down 78%” and awaits the second air deposit of hyperliquid, which, according to him, will bring “extraordinary” yields.
This decision is not a total surprise, because volatility on the cryptography market has decreased considerably in the past twelve months, potentially signaling a more mature digital asset market. The crypto volatility index (CVI) is down by almost 30%, according to tradingView data.
Exit from investors
The investors of the Liquid Fund have been offered the possibility of leaving in regard to standard locking terms or to transform their capital into a new non -liquid investment structure. “Our work is to adapt to the discipline and build for the next one,” wrote McCann.
The company, he said, consists of multiple investment vehicles, and although the Alpha Liquid Fund has struggled, other parts of the company-in particular its venture capital strategy-remain intact. This venture capital arm will continue to support blockchain projects at the start of the stadium.
McCann, a former technologist and trader who moved into the investment in cryptography, described the poor performance of the fund as a “resolution” test but stressed that “the only way to follow is.”
