Remember Zoe Cruz, the once possible successor to Morgan Stanley's CEO Johnny Mack until Mack reminded us why they call him "the Knife," sacking Cruz to save his own backside when the credit crunch started to hit the fan in 2007? Well, Ms. Cruz (who has a nickname of her own, "Cruz Missile," which she earned for her directness in dealings) is back, and this time she's hedging herself. That is, she's planning to start a hedge fund of her own called Voras Capital Management (Voras is the name of the mountainous region in northern Greece where Cruz was born). Cruz is reportedly still hiring, both here and in Asia, for her fund, which is expected to launch with about $200 million in the bank.
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