Hedge Fund Managers Hesitate to Return to the Office After Lockdown

June 21, 2020 James Heinsman In the News

According to a survey conducted by the Alternative Investment Management Association, about 67% of hedge fund managers are working exclusively from their homes, while about 25% are working mostly from home, as of June 1, 2020. The rest, which is about 8% of the 67,000 employees around the world at the firms which responded to the survey, are working from disaster-recovery centers.

Almost half of those asked said that the expect about 50% or more of employees to go back to their offices by November. About 20% think workers wont be back in their offices until January 1, 2021, at the earliest.

There is more optimism about hosting guests at their office buildings. About 75% of respondents said they expect to have guests at work beginning the fourth quarter of 2020. The same percentage said they do not expect to travel outside their countries for work before the end of the year, while about 67% think their companies will be taking a more flexible attitude to work from home as a regular option.

Respondents to the survey said that the major fears they have about returning to work are commuting to work via public transportation; the second wave of COVID-19; extreme restrictions required by federal and local governments; safety of important staff; and other risks connected to sick employees.

coronavirus, lockdown,

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