Former BlueCrest Capital Management money manager Brad Visokey joined hedge fund Global Credit Advisers this week.
Visokey will lead the firm’s expansion in investment-grade credit, according to a person familiar with the matter. GCA, which was founded in 2008 and oversees about $900 million in assets, had been specializing in high-yield and distressed debt assets.
Steven Hornstein, GCA’s chief investment officer, announced the hiring in a statement Thursday.
At GCA, Visokey will manage a portfolio of investment-grade and debt with split high-grade and high-yield ratings, said the person, asking not to be identified as the information isn’t public. He’d previously been a credit trader at Barclays Plc and Deutsche Bank AG before moving to the buy side, Financial Industry Regulatory Authority records show.
Visokey’s exit from BlueCrest earlier this year came amid a string of departures at the hedge fund founded by Michael Platt following its decision at the end of 2015 to return all $7 billion of its clients’ money.