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MM hiring has mostly been unaffected to even up recently. Hard to tell, but the top places have been hiring pretty aggressively over the last 3-6 months, especially targeting funds that haven’t been doing as well. Not sure if that is just some of the top funds (citadel, Millenium, etc) or across the board. 
 

In general I expect funds that are performing to continue recruiting at pretty normal rates through EOY. Will probably be a bit more back to normal across the board early/middle of next year. 

 

You're assuming things are not normal now, and I don't know on what basis you make that claim. As far as I can tell, MMs have kept a pretty steady rate of hiring over the past 5+ years. Even this year in March, they didn't miss a beat.

There might have been select cases such as Baly slowing hiring when it was restructuring 2 years ago.. but other than that.. the pace of hiring (and firing) for MMs as a whole has remained fairly constant over the past few years.

 

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