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Citadel, Blackstone Allow Remote Work Again as Omicron Rages

  • Ken Griffin’s Citadel was among the first to bring people back
  • Two Sigma delays return-to-office mandate for several months
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Omicron Wreaks Havoc on Return to Work Plans
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Citadel, Blackstone Inc. and Millennium Management are among asset managers telling staff this week that they may once again work remotely, at least for the next several weeks, in response to the latest spike of Covid cases.

Ken Griffin’s Citadel, among the earliest hedge funds to require staff to return to the office during the pandemic, isn’t mandating that they stay away, a spokesman for the Chicago-based firm said Thursday in an email. The guidance also applies to Griffin’s market-making operation, Citadel Securities.