Wfh / work remotely at MMs or SMs?
Anyone know if you can eventually work remotely / from anywhere at a hedge fund? Or at some point in the career? Or be able to fly back home to see family often?
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?
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.
Remote is common with external teams in funds that have their own entity (most common in mlp), usually the PM doesn't care and want to be tied to an office either. It's the fund management that enforces being in an office.
I think you have to be a star PM who can manage your team remotely, like Glen in Puerto Rico
Culpa culpa minima voluptatibus id cum sint. Enim quam iusto distinctio aut ratione voluptates. Itaque voluptatem officia veniam voluptatem non eveniet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...