Category: Business

BlockchainBusinessFintech

Veteran Investor Launches $300M Digital Asset Fund After GoldenTree Spin-Out

Joe Naggar, a 16-year GoldenTree veteran, has launched an independent $300 million digital asset hedge fund. The new firm, Feynman Point Asset Management, continues the team’s successful investment strategy that has reportedly generated over 42% annualized returns since 2022.

From GoldenTree to Independent Crypto Focus

Joe Naggar, who spent 16 years as a partner at Steven Tananbaum’s GoldenTree Asset Management, has reportedly launched an independent hedge fund with $300 million under management, according to industry reports. The move marks the formal spin-out of his digital assets team from crypto-focused investment firm Republic, where they had been operating as Republic Digital.

by Henry Blakemore
BusinessInfrastructureTechnology

ST Telemedia Plans Major Data Center Expansion Across Maharashtra with $570M Investment

ST Telemedia’s Global Data Centre division has signed an MoU with the Maharashtra government to invest heavily in data center development. The expansion includes existing parks in Mumbai and Pune, plus a new 27-acre campus near Mumbai, enhancing India’s digital infrastructure.

Major Data Center Investment in Maharashtra

Singapore-based ST Telemedia has reportedly committed to a substantial expansion of its data center operations in Maharashtra, India, according to recent announcements. Sources indicate the company’s Global Data Centre (STT GDC) India division will invest up to INR 5,000 crore ($570 million) to develop and enhance data center infrastructure across the state.

by Nathan Cross