Forbes – A former portfolio manager at BlueCrest Capital Management has sued the big European hedge fund for failing to pay him a $1.28 million bonus for less than half a year of work in 2014.
Nicholas O’Grady was fired by BlueCrest Capital Management in June 2014 without cause, according to the complaint O’Grady filed in Manhattan’s New York state court this week. An energy trader who previously worked at SAC Capital Advisors, O’Grady claims he generated $8.625 million of profit in five months last year for BlueCrest, the hedge fund that manages some $15 billion and is run by billionaire Michael Platt.
