Fund Managers: No Travel? No Problem! Well, Maybe a Few
Working at home has gone well, but it's not ideal.
Prior to March 2020, few professionals merited the somewhat trite label "road warrior" more than mutual fund portfolio managers. They and their analysts spent seemingly endless weeks on the road, meeting with managements of the companies in which they invest or might invest. They also attended conferences, met with competitors of their portfolio companies, and occasionally visited factories, retail stores, casinos, or whatever other entities they owned through their stocks.
Such travel was particularly extensive for managers of international funds, who ventured around the world looking for opportunities and checking up on those they'd found.