IIMI finds 70% of boutique asset managers have already returned to the office

Most firms willing to adopt flexible working

More than two thirds of boutique firms (69.7%) have already returned to the office in some capacity, with a further 18% intending to do so during the summer, and 10% by autumn, according to a survey by the Independent Investment Management Initiative (IIMI), the boutique asset management think tank (formerly New City Initiative).

The survey, which was conducted among IIMI's members, also revealed that 77% of firms said they planned to adopt a flexible working approach, with only 11.6% confirming they would not do so. Of the firms which said they would adopt flexible working, just over half (51.3%) plan to let their employees work from home one to two days per week. A further 32.4% said they would allow staff to work from home two to three days a week, while 16.2% of members are open to letting employees work from home four to five days per week. 75% of asset management firms do not want to return to pre-Covid ...