J. Randall Waterfield
New York, NY (PRWEB) October 15, 2014
“As an institutional family office with a deep value-oriented investment philosophy, I am pleased to align our firm with Red Oak Partners by joining the Board of Directors,” J. Randall Waterfield, CEO of Waterfield Group commented, “Red Oak’s unique research focus and disciplined process has successfully managed risk and outperformed relevant benchmarks through multiple market cycles. Since Red Oak’s founding in 2003, the team has delivered over 14.5% annualized net returns in its long/short equity strategy and over 21% annualized net returns in its long only strategy, all with very low correlation to traditional asset classes and low leverage.*”
David Sandberg, CEO of Red Oak, added, “Mr. Waterfield has entrusted us with significant capital, and access to Waterfield’s resources for research and portfolio diligence purposes; we are happy he has agreed to join our Board of Directors and help us realize value in mispriced equities.”
About J. Randall Waterfield
Mr. J. Randall Waterfield, CFA, is the Chairman of Waterfield Group, a diversified financial services holding company that traces its origins to 1928. After selling the largest private mortgage company in the US and largest Indiana based bank in 2006 and 2007 respectively, Waterfield Group has diversified into technology, real estate, asset management and merchant banking. Mr. Waterfield holds the Chartered Financial Analyst designation, and is a member of the Board of Directors, Executive Committee and former Chairman of the YPO New York City Chapter, the Northeast Regional Chairman of YPO, a member of Mensa, and a graduate of Harvard University. Mr. Waterfield currently also serves on the Board of Directors of Waterfield Enterprises, LLC, Asure Software, SMTC Corporation, Kensington Vanguard Title, Waterfield Technologies, and the Culver Military Summer School. Previously, Mr. Waterfield was at Goldman Sachs & Co., where he was primarily responsible for the small capitalization growth portfolios.
About Red Oak Partners
David Sandberg founded Red Oak Partners, LLC in 2003 after co-managing private equity firm JH Whitney’s $300 million Green River hedge fund. Red Oak Partners operates two funds: a long/short equity fund with annualized net returns since 2003 of over 14.5%, and a long only fund with annualized net returns over 21% since 2003.* The focus of Red Oak Partners has been to identify and invest in small cap companies (sub $250 million) with little or no Wall Street Research coverage, with identified catalysts for growth in value, and with tax efficient exits at higher valuations on higher profits. Red Oak’s business model includes acquiring large stakes across numerous public and private companies which have inherently strong cash flows, scale at high returns due to strong operating leverage, and have low capital expenditure and working capital needs.
Additionally, Mr. Sandberg has taken an active role at the Board level in leading growth within Red Oak’s investments, and presently serves as the Chairman of the Board of Asure Software and as a Director of SMTC Corp., Planar Systems Inc., and Issuer Direct Corp. Recently, Mr. Sandberg has served as a Director at public companies RF Industries, Ltd. and EDCI, Inc. The average gross return amongst these investments has been in excess of 100%, and Red Oak is the largest or one of the largest owners of each of these companies.
IMPORTANT DISCLOSURES*
An investment in The Red Oak Fund, LP or any of its affiliated or future entities is subject to a variety of risks, and there can be no assurance that a fund’s investment objectives will be met or that a fund will not incur losses. This document shall not constitute an offer to sell or the solicitation of any offer to buy an interest in any fund managed or advised by Red Oak, which may only be made at the time a qualified offer receives a confidential private offering memorandum describing the offering and related subscription agreement. The interests in the funds have not been registered with the SEC under the Securities Act, or under the securities laws of any state of the United States or under the securities laws of any other jurisdiction, and the funds have not been registered as an investment company under the Investment Company Act of 1940, as amended. The description of the investment opportunities represents the opinion of the investment manager and there can be no assurance that a fund can achieve its investment objective. Past performance of the fund's principal personnel should not be construed as an indicator of a fund's future performance. In all cases, interested parties should conduct their own investigation and analysis of a fund prior to making an investment decision.