Ex-Morgan Stanley Executive Zoe Cruz to Found Voras Capital Management

October 15th, 2009
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Ex-Morgan Stanley co-President and bond trader Zoe Cruz is planning on starting her own hedge fund, two years after she was ousted from the New York-based investment bank. According to the Wall Street Journal, Voras Capital Management will invest in distressed assets as well as macro-level bets on currencies and securities.

Ms. Cruz, whose nickname “Cruz Missile” reflects her prominence in one of the premier bond-trading desks, was regarded as one of the most powerful women in finance until she was ousted in 2007 because of a $4 billion loss in her mortgage unit. No initial trading date has been announced, however, Ms. Cruz plans on raising $200 million in capital prior to its launch.
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For Detailed Investor Profiles on these Investors, click below:
Voras Capital Management
Related People: David Markus; Ignacio Sosa; Yevgeny Frenkel ; Zoe Cruz
Related Entities: Voras Capital Partners; Voras GP LLC
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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