Movchan's Group

Movchan's Group
IndustryInvestment management[1]
Founded2015
FounderAndrey Movchan[2][3][4]
Headquarters
Astana
,
Kazakhstan
Key people
Andrei Movchan (CEO),[5] Rafael Nagapetiants (Senior Partner)[6][7]
Number of employees
cerca 30 (2025)
Websitemovchansgroup.com

Movchan's Group is a privately held investment management company, founded by Andrey Movchan in 2015. It manages a family of global investment funds and individual accounts, primarily for high-net-worth individuals with a conservative risk profile. The company is registered in Astana, Kazakhstan, with offices in the UK (London), Cyprus (Nicosia), Cayman Islands (George Town), and Montenegro (Podgorica).

History

Movchan's Group was founded in 2015 by one of Russia's most well-known financial managers,[8] Andrey Movchan.[9][10][11] The group’s first fund, ARGO SP — focused on a basket of conservative instruments — was launched in 2016.

In January 2020, Bloomberg reported that Andrey Movchan's company had accumulated over 100 million USD.[12][13][14]

In 2020, Movchan's Group launched the GEIST SP fund,[15] focused on stocks,[16] and began piloting the LAIF absolute return strategy. In the same year, the group obtained a license from the Astana Financial Services Authority (AFSA), the regulator of the Astana International Financial Centre (AIFC), to conduct regulated activities in Kazakhstan. Following this, the company relocated its headquarters from Moscow to the AIFC premises in Nur-Sultan.[17][18]

2021 saw the launch of the LAIF SP fund, which trades weekly options on the Invesco QQQ Trust ETF, tracking the NASDAQ-100 index.[19]

In early 2022, the group planned to launch a fund investing in Uzbekistan but suspended the project.[20]

In April, 2022, the company's Moscow office was closed, and some employees were relocated to Kazakhstan,[21] where additional hiring was announced.[22]

In 2023, the company launched the ARQ structured bond fund and entered into a partnership with the COSSACK fund, which specializes in high-yield debt instruments.

Business model

The company brings together investment managers and entrepreneurs with extensive experience in finance, who are focused on preserving capital and achieving returns that exceed long-term inflation rates. Its core activities include managing the assets of high-net-worth individuals, providing wealth management consulting, and offering independent investment portfolio assessments.[23][24][25]

Structurally, the company consists of several divisions, each specializing in a specific type of investment. Movchan's Group specialists employ a variety of investment strategies based on fundamental analysis, industry trends, and macroeconomic conditions. These strategies include bond portfolios, hedge funds, index options, structured products, equities, and short-term bonds with conservative risk profiles and targeted returns.[26]

As of 2025, the company employs around 30 people. The group collaborates with major management funds (such as Apex Fund Services Limited), brokers (CBH and Marex Group plc), as well as European and U.S. banks. In total, the group works with 15 banks and brokerage firms. The company serves over 450 clients.[27]

Criticism

The drawbacks of working with the company include:

  • A high entry threshold: the minimum investment amount ranges from 100,000 to US$250,000, depending on the fund.[28]
  • Relatively low returns (only 4–6% after fees).[28]
  • The company's funds are registered in an offshore zone.[29][30]
  • A short operational history.[31]

References

  1. ^ "Андрей Мовчан". Carnegie Moscow Center (in Russian).
  2. ^ Мовчан, Андрей (2022-06-10). "Если разность потенциалов слишком велика, возникает буква Z — всеразрушающая молния". The Moscow Times (in Russian).
  3. ^ "Андрей Мовчан". Европейский центр анализа и стратегий (in Russian).
  4. ^ Zadorozhnyy, Tim (2025-07-15). "'How would that even work?' — Experts pour scorn on Trump's 'severe' Russian tariffs plan". The Kyiv Independent.
  5. ^ Фаизова, Лиана (2019-04-15). ""Россия как мир Дикого Запада": Андрей Мовчан — о рисках и возможностях российских бизнесменов". The Bell (in Russian).
  6. ^ Нагапетьянц, Рафаэль (2025-07-21). "Драмы и ликвидность: как Ереван стал банковским хабом". banks.am (in Russian).
  7. ^ Нагапетьянц, Рафаэль (2024-01-24). "Токсичные паспорта: что происходит с деньгами российского происхождения за рубежом". Forbes (in Russian).
  8. ^ "Andrei Movchan". World Economic Forum.
  9. ^ Медведев, Сергей (2024-03-17). "Андрей Мовчан: "Это противостояние цивилизации и варварства"". Радио «Свобода» (in Russian).
  10. ^ Latynina, Yulia (2024-04-19). "Санкции — это остановка России как высокотехнологического игрока". Novaya Gazeta (in Russian).
  11. ^ Ларина, Анастасия (2023-06-30). "Экономист Андрей Мовчан вышел из российского гражданства". Kommersant (in Russian).
  12. ^ Sazonov, Alexander; Baraulina, Anna (2020-01-14). "Banker Builds Investment Firm by Hammering Putin's Economic Rule". Bloomberg.
  13. ^ Пятин, Александр (2020-01-15). "Экономист, который строит бизнес на критике Путина: как Андрей Мовчан собрал инвестпортфель в $100 млн". Forbes (in Russian).
  14. ^ "Bloomberg: как банкир Андрей Мовчан строит инвестиционную компанию вопреки экономическим правилам Путина". Бизнес-вектор (in Russian). 2020-01-15.
  15. ^ Комаровский, Павел (2021-10-29). "Ищем доходность у фонда GEIST от Movchans". Buy the Dip (in Russian).
  16. ^ Комаровский, Павел (2024-12-07). "Интервью с Андреем Мовчаном: "Все умные управляющие уходят от S&P500"". Smart-Lab (in Russian).
  17. ^ Букеева, Ардак (2023-02-13). "Мовчан: Хорошо, что в Казахстане инфляция выше, чем в России". Forbes (in Russian).
  18. ^ Трубачева, Татьяна; Масанов, Юрий (2021-04-08). "Зачем нефинансовые компании регистрируются в МФЦА". Kursiv (in Russian).
  19. ^ "Movchan's Group Highlights Record Cash Pile Amid Global Economic Uncertainty". StreetInsider.com. 2025-05-29.
  20. ^ Тен, Александр (2023-02-13). "Андрей Мовчан: Узбекистану надо адаптироваться, чтобы привлечь инвесторов". Курсив (in Russian).
  21. ^ Букеева, Ардак (2022-04-22). "Прифронтовая полоса". Forbes (in Russian).
  22. ^ Панченко, Татьяна (2022-10-21). "Андрей Мовчан: Что упадёт раньше — рубль или доллар?". Forbes (in Russian).
  23. ^ Панченко, Татьяна (2022-11-10). "Андрей Мовчан: Может случиться, что в Пекине будут решать, кто правит Россией". Forbes (in Russian).
  24. ^ Полубояринова, Ирина (2023-06-29). "Экономист Андрей Мовчан отказался от российского гражданства". RTVI (in Russian).
  25. ^ "Партнерский вебинар АЛРУД и Movchan's Group". alrud.ru (in Russian). 2020-05-07.
  26. ^ "Мовчан Андрей Андреевич и его инвестиционный проект Movchan's Group: детальный обзор". torforex.com (in Russian).
  27. ^ "Movchan's Group Unveils New Investment Strategies to Combat Inflation". The Globe and Mail. Retrieved 2024-12-16.
  28. ^ a b Кузнецов, Даниил. "Андрей Мовчан – отзывы о финансисте и анализ его деятельности". Crypto Russia (in Russian). Archived from the original on 2025-01-21.
  29. ^ Коровин, Федор. "Андрей Мовчан: развод или нет". Traders Rejting (in Russian).
  30. ^ Панченко, Татьяна (2024-10-14). "Андрей Мовчан: Область ИИ сейчас имеет все признаки пузыря". Forbes (in Russian).
  31. ^ Чернышев, Алексей. "Экономист Андрей Мовчан: отзывы инвесторов о работе эксперта, предлагаемые условия сотрудничества". Tehnoobzor (in Russian).
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