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Laxman Pai, Opalesque Asia: Approximately 93% of hedge fund managers are working entirely (68%) and/or mostly from home (25%), as of June 1, according to a survey conducted by the Alternative Investment Management Association (AIMA).
The remaining 8% of the 67,000 employees worldwide at the respondent firms were working entirely or mostly from a disaster-recovery center. Approximately 3/4 of all respondents are investment management firms with the remaining 1/4 being service providers and investors.
As for returning to work in their offices, 49% of those surveyed said they expect that 50% or more of staff will return to the office in November.
Some 1 in 5 respondents don't expect that any of their employees will return to their offices until Jan. 1, 2021, at earliest, said the survey.
Meanwhile, 38% expect to be able to receive visitors to their offices starting from Q4 this year. 75% of all respondents are not expecting to travel overseas for the rest of this year.
Three-quarters of survey takers said they likely will not travel outside their country for the remainder of 2020, and two-thirds said they expect their companies will adopt a more liberal work-for-home policy going forward.
The three areas of greatest concern for the respondents who are considering a return to the office (1) having to travel on crowded public transport, (2) a second wave of the virus, (3) overly restrictive measures imposed by governments and local authorities preventing businesses from reopening their offices.
About 63% of AIMA survey respondents were from hedge fund managers, 30% work for service providers and 7% were asset owners, AIMA researchers said in a report about the survey.
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