Moscow-based emerging markets-focused investment manager Balchug Capital has set up a new office in Yerevan, the capital of Armenia.
The new outpost will serve as a research unit for the emerging markets investments of Balchug Capital in Armenia.
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At the same time, the firm advises government agencies in Armenia.
The firm’s investment thesis focuses on detecting fundamental value in mispriced securities that can be re-rated by the market due to certain events.
Balchug founder and CEO David Amaryan said: “I am of Armenian heritage and take a strong interest in the economic and capital markets development of my home country.
“With the new government in place, we think there are strong investment opportunities there that those not familiar with the region might miss, and we also wish to support the development of the investment management industry in the country.”
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By GlobalDataThe new office will be staffed by three members of staff, along with the nine employees in Moscow
Vachik Gevorgyan will lead the new branch.
Formerly, he had stints at the Central Bank of Armenia, Araratbank and Nasdaq OMX Armenia.
Lilit Hakobyan is an analyst with more than 15 years in fixed income and FX.
The new office will also be staffed by Hasmik Salnazaryan, who previously worked at Nasdaq OMX Armenia.
Salnazaryan has spent five years in the capital markets sector.
For more on the financial sector in Armenia, click here.
