Money managers navigated the coronavirus-altered environment fairly smoothly after shelter-in-place dictates around the world forced employees out of their offices since mid-March.
But most managers aren't rushing to decide what the future of work will look like at their companies and when offices will reopen because they don't have to.
Thanks to heavy reliance on technology, investment firms find that their homebound employees can trade, invest, research, engage with clients and remain in close communication with work colleagues with few hitches.
"In what was a sudden, unexpected, immersive experience, working from home happened quickly and remarkably seamlessly for the entire investment industry," said Kevin P. Quirk, a Darien, Conn.-based principal of Casey Quirk, a practice of Deloitte Consulting LLP.
"Asset management has always been an in-the-office-focused industry and that will change. The industry will not go back to being office-bound. Work deployment will look different, probably implementing a hybrid structure with most employees working remotely, connected with each other and clients by technology," Mr. Quirk said.