Key Takeaways
- • A May 2021 Managed Funds Association survey found 80% of hedge fund firms plan to offer some form of hybrid work model starting in September 2021.
- • The most popular arrangement is three office days per week, with remote work on Mondays and Fridays, according to the trade group; it did not disclose the share of firms favoring that schedule.
- • Hedge funds are taking a more flexible approach than Wall Street banks, which are already calling staff back to the office.
- • Bloomberg reports that many senior managers privately doubt these remote-work accommodations will last.
Summary
Most hedge funds plan to let employees work remotely at least one day a week beginning in September 2021, according to a May survey by the Managed Funds Association. The trade group, whose members are mostly hedge funds managing at least $1 billion in assets, found that 80% of firms would offer some form of hybrid model when the fall schedule begins.
The most common format is three days a week in the office, with remote work on Mondays and Fridays, the MFA said. The association did not provide the percentage of firms that favor this specific arrangement, so the prevalence of that schedule relative to other hybrid options cannot be determined from the survey data alone.
The approach contrasts with that of major Wall Street banks, which were already moving to bring staff back to their offices. Hedge funds, by comparison, appear to be offering more schedule flexibility as they compete for talent.
Bloomberg reports that many senior managers are not saying publicly that these accommodations may be temporary. The article's framing, reflected in its headline, suggests that the remote-work arrangements are viewed by some in the industry as a provisional response rather than a permanent shift.
The most common format is three days a week in the office, with remote work on Mondays and Fridays, the MFA said. The association did not provide the percentage of firms that favor this specific arrangement, so the prevalence of that schedule relative to other hybrid options cannot be determined from the survey data alone.
The approach contrasts with that of major Wall Street banks, which were already moving to bring staff back to their offices. Hedge funds, by comparison, appear to be offering more schedule flexibility as they compete for talent.
Bloomberg reports that many senior managers are not saying publicly that these accommodations may be temporary. The article's framing, reflected in its headline, suggests that the remote-work arrangements are viewed by some in the industry as a provisional response rather than a permanent shift.
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