Greenwich Offices Get a Boost With Finance Looking Outside NYC

New York City investment firms are opening offices in Greenwich, Connecticut, an old idea that’s getting new life in the era of Covid-19.

At least three companies have recently agreed to take space in the swanky suburb, which has long been home to bankers and hedge fund titans. The new leases, while relatively small, are the latest signal that New York’s finance industry is pondering options to ride out the pandemic as virus cases surge across the country and fears rise of a second wave hitting the city.

Pedestrians cross Greenwich Avenue in Greenwich, Connecticut.

Photographer: Michael Nagle/Bloomberg

With the new anxiety about public transportation, elevators and crowded ...