Latest news with #Treasury-bill
Finextra
13-05-2025
- Business
- Finextra
Augmentum Fintech leads £4.5 million round in RetailBook
RetailBook, a platform that enables retail investors to participate in primary capital market transactions on the same terms as institutional investors, has secured a £4.5 million funding round led by Augmentum Fintech, 0 The company launched its first IPO to retail investors in 2015, and has strategic partnerships with Crowdcube, Hargreaves Lansdown, Jefferies, Deutsche Numis and Rothschild & Co. Over the last twelve months, RetailBook has provided retail investor access to the UK's two largest IPOs, Applied Nutrition and Raspberry Pi, and generated record Treasury-bill demand. In February, the firm significantly expanded its capability through the hire of the former PrimaryBid Capital Markets Team. Aaqib Mirza, Co-CEO of RetailBook says: "This fundraise allows us to execute our growth strategy and continue our journey of retail investor empowerment. Strategic expansion through the hire of a team with unique expertise and an unrivalled track-record has delivered exactly what we forecast, including widening our product set to include a new fixed income service that has already raised record amounts from retail investors." Augmentum joins existing investors Peel Hunt, Jefferies, Rothschild & Co, and Hargreaves Lansdown in supporting the next stage of RetailBook's growth, which will see the company focus on expanding its product across new asset classes, growing its platform capabilities, and forging new partnerships with retail brokerage platforms. Augmentum CEO Tim Levene, who will be joining the RetailBook board, comments: "We have had a relationship with the RetailBook team for some time, and their work to democratise investment access directly reflects Augmentum's core mantra. With recent market reforms focused on enhancing UK market liquidity and the government's emphasis on unlocking diverse capital pools, RetailBook is poised to play a crucial role."
Yahoo
13-05-2025
- Business
- Yahoo
Warren Buffett's Cash Mountain Grows To $314 Billion As Berkshire Hathaway Emerges As Top Treasury-Bill Holder: 'We'd Spend $100 Billion' If the Right Deal Came Along, Says Oracle Of Omaha
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) has silently emerged as one of the biggest players in the U.S. Treasury-bill market. In JPMorgan's estimation, Warren Buffett's conglomerate currently holds around 5% of all outstanding short-term government bills. This makes it the fourth-largest holder in the world. What Happened: Berkshire's T-bill holdings have increased to $314 billion as of the end of March, multiplying twofold in the past year, outpacing even the holdings of foreign banks, the Federal Reserve, Local Government Investment Pools, offshore money market funds, and stablecoin-backed reserves, according to JPMorgan, reported CNBC. Don't Miss: In terms of getting money back, these bank accounts put traditional checking and savings accounts to shame. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Buffett regularly buys T-bills at weekly auctions, at times in $10 billion chunks. With short-term yields still more than 4%, the portfolio earns billions in interest income every year. Why It Matters: During Berkshire's recent annual meeting, 94-year-old Buffett reminded shareholders that cash has intrinsic strategic value: "Every now and then you find something and occasionally, very occasionally, but it'll happen again... we will be bombarded with offerings that we'll be glad we have the cash for." He also shared that the company had almost spent $10 billion in the recent past but decided to hold back. "We came pretty close to spending $10 billion, not that long ago, for example, but we'd spend $100 billion" if the right deal came along, Buffett said. At the same meeting, he also expressed concerns about the falling value of the United States currency. Earlier this month, Berkshire Hathaway reported a major drop in its operating earnings in the first quarter. As he prepares to step down as CEO at the end of the year year — which led to Berkshire Hathaway stocks falling — the Oracle of Omaha leaves behind a company equipped with cash and patience, waiting for the next big elephant. Read Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.30/share! Image Via Shutterstock Send To MSN: Send to MSN This article Warren Buffett's Cash Mountain Grows To $314 Billion As Berkshire Hathaway Emerges As Top Treasury-Bill Holder: 'We'd Spend $100 Billion' If the Right Deal Came Along, Says Oracle Of Omaha originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Warren Buffett's Cash Mountain Grows To $314 Billion As Berkshire Hathaway Emerges As Top Treasury-Bill Holder: 'We'd Spend $100 Billion' If the Right Deal Came Along, Says Oracle Of Omaha
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) has silently emerged as one of the biggest players in the U.S. Treasury-bill market. In JPMorgan's estimation, Warren Buffett's conglomerate currently holds around 5% of all outstanding short-term government bills. This makes it the fourth-largest holder in the world. What Happened: Berkshire's T-bill holdings have increased to $314 billion as of the end of March, multiplying twofold in the past year, outpacing even the holdings of foreign banks, the Federal Reserve, Local Government Investment Pools, offshore money market funds, and stablecoin-backed reserves, according to JPMorgan, reported CNBC. Don't Miss: In terms of getting money back, these bank accounts put traditional checking and savings accounts to shame. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Buffett regularly buys T-bills at weekly auctions, at times in $10 billion chunks. With short-term yields still more than 4%, the portfolio earns billions in interest income every year. Why It Matters: During Berkshire's recent annual meeting, 94-year-old Buffett reminded shareholders that cash has intrinsic strategic value: "Every now and then you find something and occasionally, very occasionally, but it'll happen again... we will be bombarded with offerings that we'll be glad we have the cash for." He also shared that the company had almost spent $10 billion in the recent past but decided to hold back. "We came pretty close to spending $10 billion, not that long ago, for example, but we'd spend $100 billion" if the right deal came along, Buffett said. At the same meeting, he also expressed concerns about the falling value of the United States currency. Earlier this month, Berkshire Hathaway reported a major drop in its operating earnings in the first quarter. As he prepares to step down as CEO at the end of the year year — which led to Berkshire Hathaway stocks falling — the Oracle of Omaha leaves behind a company equipped with cash and patience, waiting for the next big elephant. Read Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.30/share! Image Via Shutterstock Send To MSN: Send to MSN This article Warren Buffett's Cash Mountain Grows To $314 Billion As Berkshire Hathaway Emerges As Top Treasury-Bill Holder: 'We'd Spend $100 Billion' If the Right Deal Came Along, Says Oracle Of Omaha originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
