For some reason, I am intrigued by this NY Times article about hedge fund employees who "reverse commute":
The center of power in finance has shifted in recent years, and in one sense that shift is geographical. Some of the most powerful traders in the market can be found miles away from Wall Street, in Greenwich, Stamford, and Westport, Conn.
“If you look up and down the train line in Connecticut you will see all the hedge funds concentrated right along the line,” said Thomas Torelli, a corporate real estate agent in Greenwich.
Those funds are there because their founders and top managers live nearby. But thousands of their employees do not and as result do what to the rest of Wall Street is a reverse commute.
(1) As usual, bosses get to do what's convenient for them and not what's convenient for their employees.
(2) Manhattan is such a great place that people will put up with a long reverse commute in order to live here.
(3) The hardest part of running a hedge fund is getting people to invest. After that it's easy money. Do hedge fund managers actually add any value to the economy?