As of July 23, 2023, Asymmetric Financial, a crypto hedge fund, is changing its strategy due to poor performance and investor dissatisfaction. CEO Joe McCann announced on X that the fund's current liquid trading approach is not meeting the needs of its limited partners (LPs). Consequently, Asymmetric will redirect capital from liquid trading to illiquid investments. This decision follows criticism regarding the underperformance of the Liquid Alpha Fund, which McCann acknowledged had not met expectations this year. Notably, investor BigbrainSOL expressed frustration over a significant loss of $10 million, representing a 78.37% drop in his portfolio. In light of these developments, Asymmetric is allowing investors to exit their positions despite typical lock-up periods or to reinvest in new opportunities. McCann reassured stakeholders that the firm remains operational. Additionally, the article touches on the rise of airdrop scams and the use of bots in the crypto space, highlighting the need for more secure and genuine engagement in future airdrop initiatives. Read more AI-generated news on: https://app.chaingpt.org/news