DSS Forms Liquid Value Asset Management to Capitalize on Algorithmic Trading Opportunities with Attractive Risk Adjusted Returns
Document Security Systems (DSS) announced the launch of Liquid Value Asset Management Limited (LVAM) through its subsidiary, DSS Financial Management Inc. This fund management company, based in Hong Kong, will focus on algorithmic trading across various financial instruments. The team, including former Societe Generale and Citadel professionals, boasts a track record of 20% annual returns and a Sharpe ratio above 2.0. CEO Frank D. Heuszel expressed confidence in rapidly growing LVAM's trading assets to over $1 billion.
- Launch of Liquid Value Asset Management Limited (LVAM) expands DSS's financial services.
- Experienced team with a proven track record of 20% annual returns.
- Potential for rapid growth in assets under management, targeting over $1 billion.
- None.
Former co-head of Societe Generale equity derivatives in Asia and former Citadel portfolio manager team up with DSS and bring track record of
ROCHESTER, N.Y., June 30, 2021 (GLOBE NEWSWIRE) -- 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
“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
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
For more information on DSS visit http://www.dsssecure.com.
Investor Contact:
Dave Gentry, CEO
RedChip Companies Inc.
407-491-4498
Dave@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.
FAQ
What is the new fund launched by Document Security Systems?
Who are the key team members involved in the LVAM launch?
What are the performance metrics for the team at LVAM?
What is the target asset growth for LVAM under DSS?
Where is Liquid Value Asset Management Limited located?
