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About
Randall McDonald, CFA, is the Head of Trading at Pzena Investment Management, based in Larchmont, NY, where he oversees the firm's global trading operations and execution strategies. He is responsible for managing trading across equity markets and implementing best execution practices tailored to Pzena’s value-oriented investment approach.
McDonald specializes in equities, with particular expertise in U.S. and international stock markets, supporting institutional strategies for both developed and emerging markets. His role focuses on the efficient execution of trades for value-focused portfolios, interfacing directly with portfolio managers to optimize transaction outcomes.
Prior to joining Pzena in 2023, McDonald served as Head of Outsourced Trading at Wells Fargo, and earlier was a Managing Director at Tourmaline Partners, LLC, where he gained deep experience in trading solutions for a wide range of asset managers. He holds a BA in Economics & Business Administration from Ursinus College and is recognized for innovations in trading processes and building high-performance trading teams.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Pzena Investment Management | Head of Trading | Jun 2023 to Present | — |
| Wells Fargo | Head of Outsourced Trading | May 2020 to May 2023 | — |
| Tourmaline Partners, LLC | Managing Director | Jan 2011 to May 2020 | Equity & Equity Derivative execution, outsource trading |
| Greenwich Prime Trading Group, LLC | Principal | Jan 2009 to Jan 2011 | — |
| RLR Capital Partners | Head Trader | May 2007 to Feb 2009 | — |
| New Amsterdam Partners | Senior Trader | Jun 2002 to Apr 2007 | — |
| Rochdale Investment Management | Portfolio Manager Associate | Apr 2000 to Jun 2002 | — |
| Citi Group | Portfolio Associate | Jun 1998 to Mar 2000 | — |
Education
Ursinus College
BA, Economics & Business Administration
1994 — 1998
Skills & Expertise
Others at Pzena Investment Management LLC (23)
| Name | Role | Location |
|---|---|---|
A Akhil Subramanian | Principal, Portfolio Manager | New York, NY , United States |
 | Managing Principal, President, Portfolio Manager | New York, NY , United States |
A Andrew Chung | Principal, Senior Research Analyst | New York, NY , United States |
 | Portfolio Manager | New York, NY , United States |
E Evan Fox | Principal, Portfolio Manager | New York, NY , United States |
F Frank Hanley | Trader | New York, NY , United States |
J Jason Doctor | Portfolio Manager, Senior Research Analyst, Principal | New York, NY , United States |
 | Senior Research Analyst | New York, NY , United States |
S Sara Fung | Senior Research Analyst | New York, NY , United States |
 | Principal | New York, NY , United States |
Similar Fund Managers
| Name | Role | Fund | Location |
|---|---|---|---|
 | Associate - Resi Trading | Waterfall Asset Management, LLC | New York, NY , United States |
A Arjuna Lal | Analyst | Waterfall Asset Management, LLC | New York, NY , United States |
