Popularized in films like Limitless, legal smart drugs called Nootropics are becoming more and more prevalent in board rooms and on Wall Street.Keep reading »
As previously mentioned, against all odds, Zoe Cruz has officially started her own firm. They said she could no longer hustle, that people would be turned off by certain unfortunate “stuff” that occurred on her watch at Morgan Stanley but surprise! In the last nine months, the Missile raised $200 million for Voras Capital Management, which is the name of “a mountainous area near the town in Greece Cruz was born,” and is comprised of two separate funds (one, a credit opportunities fund run by former MS exec Ellen Brunsberg, the other a global macro fund run by the lady of the hour). How has the investing community taken to the news?
One might say the reactions have been a bit mixed. On the one hand, you have the group that is nothing short of psyched by the news that people aren’t so narrow-minded that they’ll hear “responsible for billions in losses” and get turned off to the notion of handing over their money to you, led by John Meriwether. On the other, there are some who are less pleased, such as the hedge fund manager we spoke to this morning who fumed that this is “outrageous” and that he has approached Morgan Stanley about purchasing a derivative security to synthetically short the performance of Cruz’s fund. He’s yet to hear back from them, but being deadly serious about the idea, if there are any enterprising prime brokerages out there who want to set this thing up, do give us a buzz and we’ll put you in touch.