Bluecrest's top portfolio manager talent scout is leaving the firm

Gremlin/Getty Images

• Bluecrest Capital's chief PM recruiter is leaving the firm, people familiar with the matter said.
• Michael Grad has led business development at Michael Platt's investment firm since 2017.
• Business development execs capable of wooing PMs have become a hot commodity in recent years.

One of the top recruiters of hedge-fund trading talent is on the move.

Michael Grad, global head of business development at Bluecrest Capital, is leaving...