The blizzard that pounded the East Coast with up to 30 inches of snow over the long weekend had its effect on the areas money managers and pension funds.
Susan Sweeney, chief investment officer of the $17.5 billion State of Connecticut Retirement Plans & Trust Funds, Hartford, said all her staff got in. Some did get started late because Gov. John Rowland had advised workers that non-essential personnel shouldnt go to work until noon.
Theodore R. Aronson, principal and co-founder of money manager Aronson + Partners said everybody in his center city office made it to work. He could not say the same about the rest of Philadelphias downtown work force. "Philadelphia is a city full of wimps, he said, half-jokingly. "The city is fine, the roads are clear. But if I had to guess, Id say the downtown population is down about 60%, maybe 50%.
Bill Weeks, a spokesman for Fiduciary Trust Co. International, said some of the firms employees had a hard time getting into Manhattan. Jack Miller, managing director of business development at General Motors Asset Management in Manhattan, said operations werent affected by the snow. "Almost everybody is here. A few people were a little late, but there was no glitch at all.
In Boston, money managers got started a bit later than usual because the worst of the storm hit Monday night into early Tuesday morning. Aside from some people coming in late because they had to dig out, the office at State Street Research & Management was business as usual, said Alyson Riley, a spokeswoman. Nancy Fisher, spokeswoman for Putnam Investments, said the firm has a snow emergency plan in place so it is adequately staffed for storms.