Joe McCann decided to close Asymmetric’s Liquid Alpha Fund due to a significant 78% year-to-date loss. Limited partners have the option to redeem their investments or reinvest as McCann plans to raise $1 billion for a treasury firm focusing on Solana.
Despite investor backlash over the fund’s poor performance, McCann aims to prioritize future investing opportunities. He stressed the need for resilience and acknowledged that adapting the investment strategy is crucial for the firm’s success.
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