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Based on the most helpful WSO content, working remotely or having flexibility at middle-market (MM) or small-market (SM) hedge funds largely depends on the firm's culture and policies. While some firms may allow partial remote work or hybrid models, fully remote setups are rare in the hedge fund industry.

For example, during COVID, remote work proved feasible, but the industry has generally reverted to in-office or hybrid models. Some firms, like ArieGuard, have been highlighted for offering full flexibility regarding working hours and office attendance, emphasizing performance over location. However, such examples are exceptions rather than the norm.

If you're looking for flexibility to visit family or work remotely for extended periods, it might be possible at certain firms, but you'd likely need to negotiate this based on your role, seniority, and the firm's operational needs. Being located in the same city as the office is often preferred for meetings and team dynamics, even if remote work is allowed part-time.

Sources: 100% Remote Work in Investment Bank - Is It Possible?, 100% Remote Work in Investment Bank - Is It Possible?

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Some pods (especially MLP and some T2 Pods like Verition) have some scattered teams where the PM has their analysts scattered across other offices or allows one-off home office setups if they feel comfortable with your abilities (i.e. you are not junior and bringing in a skillset). Citadel is 100% in office co-located with your PM. Baly/Point 72 have a bit more flexibility but usually you have to at least be in an office, for example you live in Miami and work in their office there and you PM is in Connecticut. 

SMs are tough, I have seen it for very senior hires but not often. You would be at a massive disadvantage if the other 10+ employees were in NYC everyday and you finagled yourself to work out of your home office in Phoenix. I cant imagine that would sit well whenever the fund hits a drawdown.

 

100% co-location with PM is so fucking dumb....if MLP allows WFH, there is no reason Citadel, Baly or P72 should not.  I understand needing to be located close enough to a city where you can effectively cover your sector (afaik NY or SF only).  But having to go into the office everyday simply because your PM wants to go into the office everyday is dumb as shit.

 

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