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By Marlize van Romburgh / Friday, March 1st, 2013 / Banking & Finance, Personal Finance, Top Stories / Comments Off on Saddled with debt, Nuveen shakes up Santa Barbara Asset Management
The debt-burdened parent of the largest wealth management firm in the region is shaking up the Santa Barbara company’s leadership ranks. Michael Mayfield, CEO and co-chief investment officer of Santa Barbara Asset Management, is retiring from the firm effective March 1, after 18 years with the company. James Boothe, a portfolio manager at the Santa Read More →
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By Staff Report / Thursday, February 28th, 2013 / Banking & Finance, Earnings, Latest news, Tri-County Public Companies / Comments Off on Deckers earnings dropped 36% in 2012
Shares of Deckers Outdoor Corp. shot up 7.4 percent in after-hours trading as the Goleta firm predicted 2013 revenue will increase 7 percent over last year’s levels. Deckers earned $98 million in the fourth quarter, a 22.9 percent decline over a year earlier. Diluted earnings per share were $2.77 compared to $3.18 a year earlier, Read More →
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By Marlize van Romburgh / Friday, February 22nd, 2013 / Banking & Finance, Latest news, Personal Finance / Comments Off on Nuveen shakes up leadership at Santa Barbara Asset Management
A restructuring and management shakeup is afoot at the largest wealth management firm in the Tri-Counties. Michael Mayfield, CEO and co-chief investment officer of Santa Barbara Asset Management, is retiring from the firm effective March 1, after 18 years there. During that time, he helped SBAM more than double its assets under management, to $5.3 Read More →
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By Stephen Nellis / Friday, February 22nd, 2013 / Banking & Finance, Latest news, Technology / Comments Off on Xirrus raises $10.1M
Thousand Oaks-based wireless firm Xirrus has raised $10.1 million in venture capital, bringing its total operational funding to an estimated $90 million. The latest funding round was disclosed in securities filings and follows a $23.7 million round in September 2012 that was led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners and Read More →
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By Marlize van Romburgh / Friday, February 15th, 2013 / Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies / Comments Off on PennyMac jobs top 600 as firm files for IPO
Moorpark-based PennyMac Financial Services has filed papers for a $287.5 million initial public offering on the New York Stock Exchange. The venture was founded in 2008 by Stanford Kurland, the former No. 2 executive at Countrywide Financial Corp., the defunct subprime mortgage lender at the heart of the financial crisis. Moorpark Community Development Director David Read More →
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By Staff Report / Tuesday, February 12th, 2013 / Banking & Finance, Latest news, Tri-County Public Companies / Comments Off on CalAmp to offer 4.2M shares to fund acquisition
CalAmp said Feb. 11 that it plans to sell 4.2 million shares of common stock in an underwritten public offering that could raise about $40 million for the Oxnard-based wireless products maker. The proceeds would be used to partially fund the purchase of Wireless Matrix Corp., a $53 million all-cash deal announced in December. Canaccord Read More →
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By Marlize van Romburgh / Monday, February 11th, 2013 / Banking & Finance, Latest news / Comments Off on Moorpark mortgage firm files for $287.5M IPO
Moorpark-based financial services company PennyMac has filed papers for a $287.5 million initial public offering of its stock on the New York Stock Exchange. The venture was founded in 2008 by a former top executive at Countrywide Financial Corp., the defunct subprime mortgage lender at the heart of the financial crisis. In July 2011, PennyMac Read More →
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