Entries by groveland

Groveland Capital Encourages Board of Donnelley Financial Solutions to Pursue Strategic Alternatives

Minneapolis – Wednesday, June 6, 2018 — Groveland Capital, LLC today announced that it has sent a letter to the Board of Directors of Donnelley Financial Solutions (NYSE: DFIN) requesting a meeting and strongly recommending that Donnelley’s Board of Directors announce a plan to explore strategic alternatives. The body of the letter is as follows: […]

Groveland Calls for Improved Corporate Governance at Biglari Holdings

MINNEAPOLIS, Jan. 22, 2015 /PRNewswire/ — Groveland Capital LLC announced today that it has sent a letter to the Board of Directors of Biglari Holdings Inc. (NYSE: BH) proposing corporate governance reform. Groveland Capital believes that good corporate governance practices can drive significant value to all shareholders. The body of the letter is as follows: […]

Credit Swaps in U.S. Decline on Prospect of ECB Bond Purchases

Bloomberg A gauge of U.S. company debt risk fell the most since November after two European Central Bank officials said ECB President Mario Draghi will meet with Bundesbank President Jens Weidmann on plans to reduce soaring borrowing costs in countries such as Spain and Italy. The Markit CDX North America Investment Grade Index, a credit-default […]

Money Managers Seek to Profit from Europe’s Woes

Business Week When Moody’s Investors Service (MCO) downgraded Ireland’s sovereign debt to junk status on July 12, a week after giving Portugal’s debt similar treatment, it came as no surprise to Sandor Steverink. Europe’s best-performing government bond fund manager over the last decade, Steverink predicted both downgrades. Soon it will be time to buy, he […]

Hedge Funds Bet Big on the Falling Euro

Bloomberg News Hedge funds, including Hayman Advisers and Matrix Group, have told investors that they expect the sovereign debt crisis to worsen despite the €110bn (£79bn) bail-out by the International Monetary Fund, the European Union and the European Central Bank. Anxiety about the financial health of Europe increased yesterday after Spain’s national bank was forced […]