DSS Forms Liquid Value Asset Management to Capitalize on Algorithmic Trading Opportunities with Attractive Risk Adjusted Retu...
June 30 2021 - 8:30AM
Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE
American: DSS), a multinational company operating business segments
in blockchain security, direct marketing, healthcare, consumer
packaging, real estate, renewable energy, and securitized digital
assets, today announced the further expansion of its DSS
Securities, Inc. business through its wholly owned subsidiary DSS
Financial Management Inc.’s launch of Liquid Value Asset Management
Limited (“LVAM”), a fund management company domiciled in Hong Kong.
Wilson Lee, former co-head of Societe Generale’s
equity derivatives in Asia, and Jackson Kwan, former portfolio
manager at Citadel in Chicago, have teamed up with DSS to launch
LVAM. The fund will focus on algorithmic trading of liquid
equities, futures, exchange-traded-funds, and cryptocurrencies. Lee
and Kwan bring a dedicated team of eight experience staff members,
custom software, and privately developed algorithms with a
demonstrated track record of consistent 20% per annum returns with
a Sharpe ratio over 2.0 in real-time trading.
“We are excited to work with Wilson and Jackson
as we further expand the financial segment of our increasingly
diverse operations,” stated Frank D. Heuszel, CEO of DSS. “I am
confident that under LVAM this team can rapidly expand trading and
grow assets under management to more than $1 billion.”
LVAM’s algorithmic trading includes short- and
long-term trades while offering the unique attribute of being able
to liquidate the portfolio into cash within 5 to 10 minutes under
normal market conditions. Together with the strong performance
track record of the team, these attributes position LVAM as a prime
vehicle for private and institutional investors seeking a highly
liquid investment fund with extremely attractive risk adjusted
returns relative to the volatility and unpredictability of the
markets.
About Document Security Systems, Inc.
DSS is a multinational company operating
business segments in blockchain security, direct marketing,
healthcare, consumer packaging, real estate, renewable energy, and
securitized digital assets. Its business model is based on a
distribution sharing system in which shareholders will receive
shares in its subsidiaries as DSS strategically spins them out into
IPOs. Its historic business revolves around counterfeit deterrent
and authentication technologies, smart packaging, and consumer
product engagement. DSS is led by its Chairman and largest
shareholder, Mr. Fai Chan, a highly successful global business
veteran of more than 40 years specializing in corporate
transformation while managing risk. He has successfully
restructured more than 35 corporations with a combined value of $25
billion.
For more information on DSS
visit http://www.dsssecure.com.
Investor Contact:
Dave Gentry, CEORedChip Companies
Inc.407-491-4498Dave@redchip.com
Safe Harbor Disclosure
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, but are not limited to,
statements related to the Company's intended use of proceeds and
other statements that are not historical facts. Forward-looking
statements are based on management's current expectations and are
subject to risks and uncertainties that may cause actual results or
events to differ materially from those projected. These risks and
uncertainties, many of which are beyond our control, include: risks
relating to our growth strategy; our ability to obtain, perform
under and maintain financing and strategic agreements and
relationships; risks relating to the results of development
activities; our ability to attract, integrate and retain key
personnel; our need for substantial additional funds; patent and
intellectual property matters; competition; as well as other risks
described in the section entitled "Risk Factors" in the prospectus
and in our other filings with the SEC, including, without
limitation, our reports on Forms 8-K and 10-Q, all of which can be
obtained on the SEC website at www.sec.gov. Readers are cautioned
not to place undue reliance on the forward-looking statements,
which speak only as of the date on which they are made and reflect
management's current estimates, projections, expectations and
beliefs. We expressly disclaim any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in our
expectations or any changes in events, conditions or circumstances
on which any such statement is based, except as required by
law.
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