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Broadridge Financial Solutions, Inc. (BR): Are Hedge Funds Right About This Stock?

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Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’ consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors and hedge funds think of Broadridge Financial Solutions, Inc. (NYSE:BR).Broadridge Financial Solutions, Inc. (NYSE:BR) was in 29 hedge funds’ portfolios at the end of the first quarter of 2020. BR has experienced a decrease in hedge fund interest of late. There were 35 hedge funds in our database with BR positions at the end of the previous quarter. Our calculations also showed that BR isn’t among the 30 most popular stocks among hedge funds (click for Q1 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.Hedge funds’ reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn’t keep up with the unhedged returns of the market indices. Our research has shown that hedge funds’ small-cap stock picks managed to …

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The Select Standing Committee on Finance and Government Services’ Budget 2021 consultation is now open. – Kimberley Daily Bulletin

the select standing committee on finance and government services’ budget 2021 consultation is now open. – kimberley daily bulletin

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The Select Standing Committee on Finance and Government Services’ Budget 2021 consultation is now open.
In a normal year, the Committee, whose deputy chair is Columbia River Revelstoke MLA Doug Clovechok, would be travelling the province, meeting face to face with those who have something to say about budget priorities.
RELATED: Input to Select Standing Budget Committee will be online this year
In this far from normal year, interested parties are invited to make a written, audio or video submission, or by filling out an online survey by Friday, June 26, 2020, at 5 p.m. (Pacific time). Public hearings are also being held, beginning Monday, June 1, with the presentation of the Budget 2021 Consultation Paper by the minister of finance. All public hearings will be conducted by video/teleconference.
“We encourage all British Columbians to participate and share their views. Your voices, perspectives and ideas inform our discussions and deliberations, and are directly reflected in our recommendations,” Clovechok said.
“Committee members look forward to hearing from British Columbians every year about their priorities and solutions to the challenges they are experiencing,” said Bob D’Eith, committee chair. “This input will be especially critical this year as the COVID-19 pandemic continues to impact our families …

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Don’t listen to the markets. Embrace four basics of personal finance

don’t listen to the markets. embrace four basics of personal finance

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These are hard days. COVID-19 has taken more than 100,000 lives. The public-health lockdown to contain the coronavirus has pushed the unemployment rate to Depression-era levels. The police killing of George Floyd in Minneapolis has led to civil unrest across the country.

Yet investors seem impervious to the turmoil and pain. Analysts largely agree the main factor behind investor optimism is the belief the Federal Reserve will do what it takes to keep the markets functioning. Support also comes from the realization that America’s high-tech titans will emerge from the COVID-19 crisis more powerful than before. Many investors seem to harbor hopes that the rebound will be quick and fast.

The Wall Street analysis has the aura of conviction, yet I find it far from comforting or convincing. Yes, a year from now we could find out that the optimists were right. Yet I can’t dismiss the historic insight that bubbles always seem crazy once we have the benefit of hindsight. Then we wonder, “how could so many people be so stupid with their money”?

More importantly, I don’t think corporate America can profitably thrive considering the long-term trend toward growing inequality and stagnant to declining incomes for …

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Exclusive: Malaysia to double deficit to fund stimulus, says finance minister

Information Access and Management (IAM) Platform powers IAM Network - 60,000 + engaged information professionals worldwide.

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FILE PHOTO: A view of the city skyline in Kuala LumpurMoreBy Krishna N. Das and Liz LeeKUALA LUMPUR (Reuters) – Malaysia’s fiscal deficit will nearly double to around 6% of annual economic output this year because of the government’s recent efforts to revive the economy, the finance minister told Reuters, adding it could seek to raise the debt ceiling to finance the stimulus.Southeast Asia’s third-biggest economy has announced incentives worth 295 billion ringgit ($69 billion) to soften the impact of the coronavirus pandemic, with the government vowing to directly inject 45 billion ringgit of that into the economy, mostly raised through domestic borrowings.A direct fiscal injection of 10 billion ringgit announced on Friday will be raised through domestic borrowing, Tengku Zafrul Aziz said in an interview in his office on Saturday.”There is only so much monetary policy can do,””So you need fiscal policy to come into play, as long as you have the discipline and the commitment in the longer term to go back to where you should be in terms of the deficit.”Tengku Zafrul, who was chief executive of lender CIMB Group Holdings Bhd before joining the three-month-old government, said the goal was to bring the fiscal deficit back …

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NSE Promotes Sustainable Finance in West Africa, Commemorates World Environment Day

nse promotes sustainable finance in west africa, commemorates world environment day

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Getting good returns on idle cash is not always as easy as it sounds. Most would-be investors often have to grapple with the fact that they tie their money down for a period but do not get impressive returns. Even where financial institutions charge lenders high-interest rates, what the saver gets at the end of the day is far from it.
But what if there was a solution? A platform, that offers you the opportunity to choose businesses to invest your funds and also choose when to cash out returns?

Awesome, right?
That is what Kiakia peer-to-peer lending investment does.
How it works

The Kiakia peer-to-peer app is a platform designed to allow users to earn higher returns on their idle funds. It definitely works differently from the usual bank process of fixing a deposit. With Kiakia’s app, ordinary individuals over the age of 18 years who have legitimate income sources, can provide money to fund secured MSME loans booked via the KiaKia loan platform.
This, of course, allows them to earn returns monthly, quarterly, bi-annually or even annually while providing businesses with low-interest capital that can help them grow.

What more? Lenders/investor get to choose the industry or …

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MLB stalemate: Huge financial gap between proposals – Portland Press Herald

mlb stalemate: huge financial gap between proposals – portland press herald

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NEW YORK — The New York Yankees, Houston Astros and Los Angeles Dodgers would each save more than $100 million on player salaries as part of management’s proposal to start the coronavirus-delayed season than they would under the union’s plan, according to an analysis by The Associated Press.
Top stars accustomed to eye-popping salaries that set them apart from mere All-Stars would experience by far the steepest cuts. Set to earn $36 million each, Mike Trout and Gerrit Cole would get $25.3 million under the union’s plan but just $5.6 million under MLB’s proposal, with a chance to get back to about $8 million if the postseason is played. A rookie at the minimum would get $396,537 from the union plan and $256,706 from the MLB proposal – not much more than the $222,222 per game Trout and Cole originally were slated to earn.
The Yankees project to pay $155 million to players under the union’s plan, according to the AP analysis based on frozen March 28 rosters, and spend $48 million on salary under management’s proposal. The Astros drop from $149 million to $46 million, and the Dodgers from $147 million to $46 million.
Lower-spending teams save, too, but not nearly as much because their starting points are lower. Miami …

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Northern Arc raises $50 million from US International Development Finance Corporation

northern arc raises $50 million from us international development finance corporation

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The funds will be used by Northern Arc to support the growth and liquidity needs of its institutional clients as well as lend to small businesses and individuals.Northern Arc, one of India’s leading debt financiers, on Friday announced that it has received a commitment of $ 50 million of debt financing from US International Development Finance Corporation (DFC). The funds will be used by Northern Arc to support the growth and liquidity needs of its institutional clients as well as lend to small businesses and individuals.Specifically, it will be deployed to support women entrepreneurship and employment, food security and water, sanitation and hygiene. DFC is America’s development bank and one of the world’s leading impact investors, partnering with companies across the world to address some of the critical challenges facing the developing world.Related NewsNorthern Arc is a pan-India debt platform that addresses the credit requirements of the under-banked in India. These include financial institutions, mid-market enterprises, small businesses and individuals. Till date, the company had enabled debt financing of around Rs 83,000 crore for its clients across microfinance, small business finance, affordable housing finance, vehicle finance, agriculture finance and corporate finance, said a statement by Northern Arc. …

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HDFC Bank launches special deals to push consumer spends

hdfc bank launches special deals to push consumer spends

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The bank said that the changes in lifestyle amid the lockdown have resulted in increased demand for phones, tablets, computers and related accessories.HDFC Bank on Friday announced the launch of a string of deals and exclusive offers to push consumer spends as the lockdown is lifted in phases. Named ‘Summer Treats’, the deals are aimed at meeting the changing needs of merchants as well as salaried and self-employed customers, the bank said.The bank said that the changes in lifestyle amid the lockdown have resulted in increased demand for phones, tablets, computers and related accessories. Demand for safe digital payments and private transport is also rising. Similarly, as shops and businesses begin to reopen, they have requirements for business finance.Related NewsSome of the key offers include an exclusive discount for the iPhone SE launch, no-cost EMI and zero down payment for large appliances and lower EMIs for a limited period on the bank’s lending products such as car loans and two-wheeler loans. The bank is also offering an overdraft facility for salaried employees and a suite of bespoke finance schemes for self-employed customers.Parag Rao, country head – payments, consumer finance, digital banking and marketing, HDFC Bank, said …

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iRhythm Technologies names new chief financial officer – MassDevice

irhythm technologies names new chief financial officer – massdevice

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iRhythm Technologies (NSDQ:IRTC) this week said it appointed Douglas Devine as chief financial officer, effective June 22.Devine succeeds Matthew Garrett who announced his intention to step down. Garrett will assist in the transition of CFO responsibilities and will remain at the company under an advisory role for up to a year.
“On behalf of everyone at iRhythm and our Board of Directors, I want to thank Matt for his many contributions during his tenure with the company, including his strong leadership through iRhythm’s IPO and follow-on offering, as well as numerous other transactions that enabled our growth and positioned us well for future financial stability,” CEO Kevin King said in a news release. “We appreciate his dedication and wish him all the best beyond iRhythm.”
Devine has more than 25 years of financial leadership experience. He most recently served as chief financial officer at GlobalFoundries.
“I am delighted to welcome Doug to iRhythm. We are fortunate to have a strong finance team, and now a smooth transition plan in place with Doug immediately stepping into the CFO role. His expansive financial experience and track record leading large, complex technology organizations provides not only continuity for our team, but readily …

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Finance firm reports record revenues and 142 deals in one year

finance firm reports record revenues and 142 deals in one year

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Alternative finance provider, Reward Finance Group, which has offices in Manchester and Leeds, has posted record year-end figures for the ninth consecutive year.In the year ending February 2020, income increased by 16 per cent from £12.8m to £14.9m with total lending growing by 12 per cent to £78m. During the year 142 deals were completed, with client numbers now standing at 276 across both offices.
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Commenting on the results and the current situation regarding COVID-19, group managing director, Nick Smith, said: “We are very pleased to have achieved yet another record year of growth. “The results come against a background of continued investment in people and IT and a strong contribution from both our regional offices has driven these impressive results. “During the pandemic, the business has continued to operate successfully and has supported existing clients that have been affected by the current challenges. “Conversely we are providing new funding for businesses that have seen unprecedented demand for their products and services. “We are also providing working capital injections for several companies which have repurposed their manufacturing facilities to fulfil an urgent need for vital equipment, such as PPE.
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