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Alternative Market Briefing

Survey shows investment management firms are coping with the 'new normal' working environment

Tuesday, April 14, 2020

B. G., Opalesque Geneva:

Odyssey Search Partners surveyed 35 human resources managers and talent partners responsible for internal hiring at large (>$5bn in AuM) investment firms based in New York, Boston, Chicago, and San Francisco in the last couple of weeks. The survey shows that operationally these firms are coping better than expected. Unlike many industries, they are continuing to interview with a view to making hires. However, the biggest outstanding concern is the timing and pattern of reintroducing staff back into their offices.

Firm communications

Remote working logistics have generally been worked out, though there's considerable variability in productivity from home; firm communications are an ongoing challenge, as is team morale, though many firms are being innovative to address the lack of human contact.

"Our CEO is running every other week Zoom meetings with associates to check in. He's also available for any team call - HR, Finance, Admins, etc.," said a participant.

"We've offered 3x a week mediation/breathing sessions, yoga sessions, and HIIT workouts to employees and their families," said another. "Each is conducted by certified trainers, and are facilitated on Zoom."

Some remarked they were less efficient working remotely. "I'm working harder than ever, both because of the amount of stuff to get through and because I'm less efficient remotely," one said. "Tasks......................

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