Quant Fund Sees Hungary Finance Revival as Orban Era Is Ending

Prime Minister Viktor Orban’s defeat at the ballot box unleashed a wave of enthusiasm over potential opportunities in Hungary’s financial sector. A small quant shop with plans to expand in Budapest is adding to the chorus of voices expecting a revival.

EverestQuant, a boutique quantitative hedge fund, has detailed plans to add as many as four workers to its staff of 12 in Budapest, the latest indication that finance firms are warming to pledges by incoming premier Peter Magyar to repair ties with the industry.