Balchug Capital

Balchug Capital is an investment firm headquartered in Yerevan, Armenia. It was founded in 2010 by David Amaryan, who serves as Chief Executive Officer and oversees all investment activity. Balchug specializes in long/short event-driven and value liquid strategies and private equity investments. The firm leverages its deep local knowledge, rigorous internal research and absolute compliance with the strategy and risk management guidelines to offer stable, risk adjusted, uncorrelated returns for its investors. Discipline guides Balchug Capital’s approach. In liquid strategies, the firm actively manages concentrated, high-conviction portfolios. In private equity, Balchug Capital seeks high-quality assets that are undervalued and/or distressed due to corporate, geopolitical or other events and shocks. The firm upholds the highest standards of responsible business conduct, guided by core norms and values of professional ethics. Its operations reflect a rigorous adherence to legal and regulatory frameworks, including fair competition, equitable labor practices, diligent tax compliance, anti-corruption measures, and the safeguarding of human rights and environmental integrity.