Living in NYC overrated now for HF employees?

With the exception of a few firms, my understanding is many funds dont require more than 3 days in the office, and even then, not strictly enforced (eg, not frowned upon if people opt to WFH during brutal earnings weeks).

Seems the number of networking events hosted by sell side has shrunk meaningfully post COVID and most interactions are virtual now.

Whats the latest thinking on pros / cons for those moving to burbs and outer cities (hoboken, weehawken, deeper brooklyn)?

6 Comments
 

For entry level and junior hires probably not, for more senior people it depends on how the team is run. There’s more multi-office and WFH pods putting up phenomenal PnL numbers now than ever before.

Saying this as someone who’s now running a carve and has left America to run my book from the UAE. 

 

how else would you get insider information?

it is easier for the SEC to track you for insider trading if you are isolated somewhere compared to “randomly” meeting someone in line at Subway and sharing/getting it from them

need to strive for those home runs mate

incentives trumph ethics
 

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