Why do funds and asset managers seem to hire the sketchiest recruiters?

As per the title, question for you guys: why is it when I get hit up on LinkedIn for a role from what usually ends up being a fairly sizeable and legit fund ($10B+) or asset manager ($100B+) it's always some random recruiter that's not affiliated with any of the well known agencies? Lately it's been some dude in a time zone that's 6+ hours off from New York, or the 'founder' of their own recruiting firm with no address, or a woman with a very questionable choice of profile picture. Are these guys cheaper? More discreet? Do they not trust internal HR? Or am I the only one experiencing this? For context: current buyside fixed income research so these are credit funds/managers

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