Finality FLO wins Multi-Strategy Fund of the Year

Finality Liquid Opportunities (FLO) was named Multi-Strategy Fund of the Year at the Hedgeweek Global Digital Assets Awards 2026. Finality says FLO’s cross-asset, risk-managed approach largely avoided the digital-asset drawdown that began in October 2025.

FLO is a discretionary, long-biased multi-strategy hedge fund that invests across the digital asset industry’s capital structure. The fund takes positions in Bitcoin and other digital commodities, public equities, corporate credit, and derivatives. Finality attributes the award to a mix of macro-driven positioning, liquidity indicators and flexible exposure across these asset types.

When the firm’s macro outlook turned negative late in 2025, FLO reduced overall risk and activated a bear-market framework. The fund increased cash, added hedges and shifted allocations into corporate credit and other lower-volatility instruments. Finality says those measures helped limit losses during the drawdown and the earlier market decline in the first quarter of 2025.

According to David Grider, partner and head of liquid strategies at Finality Capital, the fund combines macro analysis, company research and active risk controls to find pricing mismatches while seeking to limit downside. Grider compared the approach to an energy investor that holds oil, major oil company equity and debt, and highlighted the ability to move between commodities, equities and credit. He added that recent emphasis has been on lower-risk absolute return strategies, debt, derivatives and long/short trades, including short Bitcoin positions paired with longs in blockchain equities and credit.

Finality pointed to regulatory changes after the 2024 U.S. election as a key factor that made parts of FLO’s strategy practical at scale. Clearer rules have allowed some blockchain companies to list publicly and to access equity, convertible bond and credit markets more readily than two years earlier. Finality said those expanded capital markets are central to its ability to allocate across public securities and corporate debt.

The firm identified ongoing industry challenges, including the need for sustainable business models beyond speculative token issuance and weak economics in early projects. Finality has avoided many token-first companies it considers to have poor product-market fit and governance issues. Grider cited Circle’s Arc token as an example of a regulated token tied to an established enterprise model and said he expects more established technology companies with real distribution to bring tokenized products to market.

Finality Capital operates venture, hedge fund and credit strategies. FLO is the firm’s liquid multi-strategy vehicle; the firm also runs Finality Credit Opportunities, a credit fund. Grider, a CFA, leads FLO and previously worked at Grayscale Investments and Fundstrat Global Advisors. Finality says it will shift allocations toward directional and growth strategies, including large-to-small cap equities and tokens, when its macro and liquidity indicators show improved risk conditions.