While accepting his directorial role at the hedge fund management firm, Mr. Waterfield commended the company’s research-focused, process-driven investment philosophy. Established in 2003, Red Oak has succeeded in delivering long/short equity strategy net returns exceeding 14.5 percent, and it has achieved 21 percent annualized returns in its long-term equity operations. The firm operates under the leadership of CEO David Sandberg, an experienced investment manager who co-managed the $500 million Green River hedge fund owned by J.H. Whitney Capital Partners. Mr. Sandberg guides the firm to focus on small cap company investments, identifying promising organizations valued under $250 million. In doing so, he targets both public and private companies that present substantial cash flow with minor capital expenditures, locating firms that have garnered minimal attention from Wall Street Research but offer high value growth potential.
Harvard graduate and financier, J. Randall “Randy” Waterfield has chaired Waterfield Group for over 15 years, drawing on experience gained at Goldman Sachs to lead the financial services holding company. J. Randall Waterfield provides board level leadership to such prominent groups as Asure Software (Nasdaq: ASUR), SMTC Corporation (Nasdaq:SMTX), and Young Presidents’ Organization New York, and he recently joined the board of directors at Red Oak Partners, LLC.
While accepting his directorial role at the hedge fund management firm, Mr. Waterfield commended the company’s research-focused, process-driven investment philosophy. Established in 2003, Red Oak has succeeded in delivering long/short equity strategy net returns exceeding 14.5 percent, and it has achieved 21 percent annualized returns in its long-term equity operations. The firm operates under the leadership of CEO David Sandberg, an experienced investment manager who co-managed the $500 million Green River hedge fund owned by J.H. Whitney Capital Partners. Mr. Sandberg guides the firm to focus on small cap company investments, identifying promising organizations valued under $250 million. In doing so, he targets both public and private companies that present substantial cash flow with minor capital expenditures, locating firms that have garnered minimal attention from Wall Street Research but offer high value growth potential.
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In addition to his work at the Waterfield Group, J. Randall Waterfield also serves on the board of Culver Military Academy. In this role, J. Randall Waterfield supports an academy that prepares students for college using the military model.
Culver Military Academy was founded in 1984. Over the course of its long history, the school has established numerous traditions for students and faculty alike. All students pass through the Logansport Gate as part of matriculation, for instance, and are welcomed by numerous school officials. Before students become full members of their units, they must complete an exam as part of the Branch Insignia Boards, answering nine of 10 questions successfully. Students initiated many of the school’s traditions. For example, students have avoided stepping on the Chapel Gold Seal, located in the Narthex of the Chapel, out of respect for its dedication to Culver graduates who have died in wartime. The Honor System, another student-led tradition, focuses on helping students to understand the true meaning of honor and to lead honorable lives. J. Randall Waterfield, the chairman of the Waterfield Group, a financial services company, recently announced his decision to invest significant capital in Kensington Vanguard National Land Services, a title insurance firm. Joining J. Randall Waterfield’s company in this transaction was Red Oak Partners.
Executives at Kensington Vanguard stated that the new capital would help the company grow on a nationwide scale; it would also enable the firm to attract more sales staff to bring in new revenues. Both Kensington leaders appreciated the market expertise brought in by Waterfield and Red Oak. One of the biggest independent title insurance agencies in the United States, Kensington Vanguard offers settlement and escrow services, residential and commercial title insurance, and real property and commercial lien searches. Kensington Vanguard has facilitated titles for major clients, including the Seagram Building ($789 million), the Empire Hotel ($180 million), and One Soho Square ($335 million), all in New York City. The firm also offers continuing legal education credits for seminars on real estate issues. Founded in 1894 by Henry Harrison Culver, the Culver Military Academy began as a hotel. Due to financial constraints, Mr. Culver converted it into classrooms and dormitories. Located in Culver, Indiana, the military academy's purpose at that time was to prepare young men to attend the best colleges and to seek employment at American businesses. Today the academy is an elite boarding school geared specifically for boys. It sits on a 1,700-acre campus that is home to a trio of respected institutions: the Culver Military Academy, the Culver Girls Academy, and the Culver Summer Schools and Camps. As a whole, the Culver Academy is one of the largest boarding schools in the country and boasts a 9:1 student-teacher ratio. In addition to being a supporter of Culver Military Academy and a member of the Culver Summer Schools and Camps Board of Directors, J. Randall Waterfield advocates for numerous charitable organizations. J. Randall Waterfield is Chairman of Waterfield Technologies, Inc., a software development firm; and Chairman of Waterfield Group, a financial services company. In addition, J. Randall Waterfield acts as Director of Asure Software, Inc. |
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January 2020
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