DSS trains Liquid Value Asset Management to capitalize on algorithmic trading opportunities with attractive risk-adjusted returns
Former Societe Generale Asia Equity Derivatives Co-Head and Former Citadel Portfolio Manager Partner with DSS and Achieve Historic 20% Per Year Returns
ROCHESTER, NY, June 30, 2021 (GLOBE NEWSWIRE) – Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational corporation operating segments of blockchain security, direct marketing, healthcare, consumer packaging, real estate, renewable energy and securitized digital assets, today announced the continued expansion of its DSS Securities, Inc. business through the launch by its wholly owned subsidiary DSS Financial Management Inc. of Liquid Value Asset Management Limited (“LVAM”), a Hong Kong-domiciled fund management company.
Wilson Lee, former co-head of equity derivatives at Societe Generale 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 stocks, futures, exchange-traded funds and cryptocurrencies. Lee and Kwan bring a dedicated team of eight experienced staff, custom software and privately developed algorithms with a proven track record of consistent returns of 20% per year with a Sharpe Ratio above 2.0 in time trading. real.
“We are delighted to be working with Wilson and Jackson as we expand the financial segment of our increasingly diverse operations,” said Frank D. Heuszel, CEO of DSS. “I have no doubts that under LVAM this team can quickly expand trade and bring assets under management to over $ 1 billion. “
LVAM’s algorithmic trading includes short and long term trading while offering the unique attribute of being able to liquidate the portfolio in cash within 5-10 minutes under normal market conditions. Combined with the team’s strong performance track record, these attributes position LVAM as a vehicle of choice for private and institutional investors looking for a highly liquid investment fund with extremely attractive risk-adjusted returns relative to the market. volatility and unpredictability of the markets.
About Document Security Systems, Inc.
DSS is a multinational company operating across business segments in blockchain security, direct marketing, healthcare, consumer packaging, real estate, renewable energy and secure digital assets. Its business model is based on a distribution sharing system in which shareholders will receive shares of its subsidiaries while DSS strategically transforms them into IPOs. Its historical activity revolves around counterfeit deterrence and authentication technologies, smart packaging and consumer product engagement. DSS is led by its President and largest shareholder, Mr. Fai Chan, a very successful global affairs veteran for over 40 years, specializing in business transformation while managing risk. He has successfully restructured more than 35 companies with a combined value of $ 25 billion.
For more information on DSS, visit http://www.dsssecure.com.
Dave Gentry, CEO
RedChip Companies Inc.
Safe Harbor Disclosure
This press release contains forward-looking statements made in accordance with 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. . These forward-looking statements include, without limitation, statements relating to the Company’s intended use of the products 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 which may cause actual results or events to differ materially from those anticipated. These risks and uncertainties, many of which are beyond our control, include: risks relating to our growth strategy; our ability to secure, execute and maintain funding and strategic agreements and relationships; risks related 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 issues; competition; as well as other risks described in the section entitled “Risk Factors” in the Prospectus and in our other documents filed with the SEC, including, without limitation, our reports on Forms 8-K and 10-Q, which can all be obtained from the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made and reflect management’s current estimates, projections, expectations and beliefs. We expressly disclaim any obligation or commitment to publicly release any update or revision to any forward-looking statement contained herein to reflect any change in our expectations or any change in the events, conditions or circumstances upon which such statement is based, unless required by law.