Waterfield and Clinton
J. Randall (“Randy”) Waterfield, CFA, serves as CEO and Chairman of Waterfield Group, which will celebrate its centenary in 2028. The diversified, privately owned financial services holding firm is headquartered in Miami, Florida. J. Randall Waterfield also gives back to his local and national communities through his support of the Waterfield Foundation. In addition, his participation in public life includes moderating interviews with former Presidents George W. Bush and Bill Clinton.
In September 2014, on the occasion of a meeting of the United Nations in New York, Mr. Waterfield and President Clinton sat down to discuss the state of the global and national economies.
President Clinton observed that the interconnectedness of the contemporary world economy makes promoting growth more challenging than it was under his leadership in the 1990s. He went on to outline the demographic and infrastructure challenges Japan and China are currently experiencing, saying that China will need to shift its focus more toward investment in internal development, due to the massive environmental problems its people face.
In discussing the United States, the 42nd President said that the country should look to the model of South Korea in terms of increasing its digital infrastructure. South Korea’s download speed, he said, was quadruple that of the U.S., so a national initiative to boost the American Internet infrastructure is in order.
Red Oak Partners
A business executive, J. Randall (Randy) Waterfield serves as Chairman of the Waterfield Group. J. Randall Waterfield also commits time to Red Oak Partners, LLC, where he sits on the board of directors.
A hedge fund manager, Red Oak Partners was launched in 2003 under the leadership of David Sandberg. The company and its team research and invest in small-cap companies under $500mm in market capitalization. Currently, it oversees two funds, both of which have annualized net returns far in excess of their benchmarks.
Red Oak’s long fund focuses on micro and small-cap North American public companies that are mispriced and have a less-than-optimal following, based on their performance. The Red Oak team does not have short exposure in this particular fund and, instead, looks to achieve long exposure in the 80 to 100 percent range. As of August 2015, the compound annual return reached 21.86 percent (please see Red Oak’s performance disclosures).
The firm’s long/short equity fund invests in micro and small-cap stocks. Like the long fund, investments that appear in the portfolio are those that are underfollowed and mispriced. The fund has performed well since its creation more than 14 years ago, and seeks to optimize after tax returns.
J. Randall Waterfield has been a Chartered Financial Analyst (CFA) since 1999. This credential is issued by the CFA Institute, an international organization that serves investment professionals. As chairman of the Waterfield Group and a renowned financial expert, J. Randall Waterfield enjoys the many benefits of his CFA membership. In order to join the organization, however, individuals must first pass a series of exams.
To be eligible for the CFA program, candidates must have a four-year undergraduate degree or be in the final year of an undergraduate program, four years of work experience, or a combination of the two that totals at least four years. To receive CFA certification, candidates must enroll in the program, which is divided into three levels, and pass three six-hour exams. The content of these levels becomes progressively more complex. On average, it takes candidates four years of study to receive their credential, and they report studying 300 hours or more to prepare for each of the three exams.
More information about the CFA Program exams and the CFA Institute can be found at the organization’s website, cfainstitute.org.
J. Randall (Randy) Waterfield possesses substantial experience in the financial sector and has offered his industry insight to such national news networks as Fox and CNN. As chairman of the Waterfield Group, he oversees the international delivery of investment banking and management services for one of the largest financial firms in the United States. J. Randall Waterfield also serves on the directorial boards of several of the group’s affiliate companies, including Asure Software and Waterfield Energy.
Waterfield Energy offers a wide range of products and services to facilitate financial management for energy companies in the transportation, midstream, and upstream sectors. In addition to providing full software suites catering to each business area, the firm offers implementation services for its technology solutions. Working with clients’ management and IT personnel, the firm’s implementation experts develop individualized project charters, plans, and test strategies to ensure that new software is effectively integrated into each firm’s operations. The implementation process also includes an in-depth classroom training program to familiarize each employee with the new software’s functionality.
In addition, Waterfield Energy provides consulting on a number of operational matters, including project and change management. The firm’s consulting services aim to increase operational efficiency and long-term productivity, in addition to incorporating data conversion and process review.