About 67% of hedge fund managers, institutional investors and industry service providers were working entirely remotely and 25% were mostly working at home as of June 1, according to a survey of 240 respondents conducted by the Alternative Investment Management Association.
The remaining 8% of the 67,000 employees worldwide at the respondent firms were working entirely or mostly from a disaster-recovery center.
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.
However, about 75% of respondents said they expect to be able to host visitors in their office buildings starting in the fourth quarter 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.