Teza, WorldQuant Open Armenian Offices to Tap Russian Talent
- Proprietary trader XTX Markets also operates in Yerevan
- Russian emigrants further Armenia’s growth as tech center
Vladimir Putin’s war has driven tens of thousands of Russian men to flee the country. Many have landed in the Armenian capital of Yerevan (above) where quant firms from all over the world are setting up shop to hunt for Russian tech talent.
Photographer: Daro SalukauriMikhail Malyshev’s search for budding tech talent has taken his quant firm Teza Capital Management to the Armenian capital of Yerevan.
Teza is one of several quant firms that have set up shop in the city as President Vladimir Putin’s invasion of Ukraine fuels an exodus of Russians from their homeland. Others include WorldQuant, a fund backed by Izzy Englander’s Millennium Management, and XTX Markets, a London-based proprietary trading firm.