BUSINESS BRIEFS
Hawaiian Air stock up 13 percent
Advertiser Staff
Shares of Hawaiian Holdings Inc., the parent company of Hawaiian Airlines, have risen more than 13 percent in the past week as a round of merger talk and consolidation occurs in the airline industry.
The shares closed at $5.25 yesterday on the American Stock Exchange compared with the stock's close at $4.63 a share last Thursday.
CADINHA REACHES SALE AGREEMENT
Longtime Honolulu money manager Harlan J. Cadinha has reached an agreement to buy back control of his Cadinha & Co. from Chicago-based Convergent Capital Management LLC in a transaction set to close by the end of the year.
Cadinha, currently chief investment strategist for the firm managing more than $500 million in assets, said he will become chairman and chief executive officer once the transaction closes. He said the 20-person firm may seek a broader spectrum of clients under his ownership.
BLAISDELL LEAVING ERS POSITION
Kimo Blaisdell, chief investment officer for the Hawai'i Employees' Retirement System, will leave his post to join Robeco Investment Management's Honolulu office early next year.
Blaisdell had helped oversee investment firms that manage the ERS' $10.7 billion in assets. Robeco's local office at 900 Fort St. currently employs two people and helps manage more than $350 million in assets. Blaisdell will join the firm as a senior vice president. The ERS said it will begin a search for Blaisdell's successor.
