$1.6T assets, annual bonus pool topping $1B … made name post-2008 betting on nonagency mortgage-backed securities … co-manager with Alfred Murata of (PIMIX) Income Fund, PIMCO’s largest, $96B AUM … fund No. 1 in its Morningstar category for trailing decade … posted equity-level returns, 19% to 22% several years … grandfather Ukrainian immigrant … Boston sports fan
Lazy Dog Restaurant & Bar in Huntington Beach said it will add one location in Illinois—a new state for the casual dining chain—one more in Texas, and two more in its California backyard.
HEALTHCARE: Wants to make drug big-brand contender
Wall Street is pleased with Evolus Inc.’s (Nasdaq: EOLS) new president and chief executive, David Moatazedi, as shares of the company shot up more than 40% since the news broke on May 7.
Nutrition ingredient developer, maker … $27M revenue 2016, up 20% … shares up 30% YTD to $200M market cap … nabbed $25M buy-in, China billionaire Li Ka-shing … proprietary product maker for others … adding consumer-products line … had exited arena, 2013 … China deal gets company global retail reach via investor’s other holdings … sold testing business to LabCorp. of America
TRANSPORTATION: Ontario to China; Long Beach to Hawaii
Orange County-area airports have experienced recent shifts in air carrier mixes and routes due to changes related to ownership, operations and government actions.
Named to role March 2017 … flagship Irvine Co. resort … second MD in property’s history … reports to OC 500’s Ralph Grippo … 30 years experience includes Grand Wailea, Maui—led $30M renovation—Ritz-Carlton,
CBC Bancorp (OTC Pink: NCAL), the parent company of Irvine’s Commercial Bank of California, has gone private and will no longer trade on the stock market.
Footwear veteran Joel Oblonsky was named chief executive of Huntington Beach footwear licensee Titan Industries Inc.
High-Powered Cowpokes Take Horse-Powered Days
Some claim to be “kind of a big deal,” but a 1,200-pound horse—large as a car, lithe as a cobra, and not sure it likes you—removes all doubt.
Gained prominence as chief exec, co-CIO, PIMCO … one of world’s foremost economists … regular, CNBC, other financial media … author, ‘When Markets Collide’ … FT/Goldman Sachs 2008 business book of year, one of best
Shares of Clean Energy Fuels Corp. surged after the Newport Beach company said it received an investment and launched a new leasing program for natural gas heavy duty trucks.
Leads luxury brand launched by Hyundai Motor Co. 2015 … companies share space at Hyundai HQ … has begun to separate elements: design, development, sale, marketing … developing plan for 100 to 150 US dealer network; Hyundai brand has 800+ … ‘operationally we are very independent … different company with a different soul’ … launching third model … line begins at $41K
FINANCE: Anticipates fintech will be shaking up banking industry
Ed Carpenter likes to call his banking company “a 1974 startup.” When did he know Carpenter & Co. would make it?
Allergan Plc named Carrie Strom as senior vice president of U.S. Medical Aesthetics, reporting to Chief Commercial Officer Bill Meury.
Analytics software maker Alteryx reported first quarter revenue and operating income that beat Wall Street expectations.
Irvine-based Acorns Grow Inc. won a major endorsement from BlackRock Inc. (NYSE: BLK), the world’s largest asset manager, with $6.3 trillion.
Looking for A Trademark in ’93
In late 1992, early 1993 Business Journal Publisher Richard Reisman and Editor Rick Reiff had been on the job just over two years, “learning fast but a lot to learn,” Reiff recalled.
Chief creative officer … co-founded makeup brand 1996; bold colors, edgy product—early entrant in latter … sold in 2000 to Louis Vuitton owner for $22M … part of L’Oreal since 2012 … Fashion Island flagship … company backs global women’s efforts via its Ultraviolet Edge … five-year goal to give $3M … backs OC shelter Laura’s House, microlending in Uganda
Seventeen years ago Orange County United Way President Sue Parks cofounded The Women’s Philanthropy Fund within the nonprofit.
Walt Disney Co.’s parks and resorts unit, which includes Disneyland Resort in Anaheim, reported quarterly revenue of $4.9 billion, up 13% year-over-year, and operating income of $950 million, up 27%.