Zoe Cruz To Shutter Hedge Fund
Don't cry for the Cruz-Missile, though. Apparently she's already strategizing her next move.
Cruz is said to have been struggling to raise anything beyond the initial $200 million she obtained from Voras Capital investors, the source said. The source said the decision to return investor money was made recently and all clients would get their money "promptly." Cruz's hedge fund, which began raising money and recruiting employees in 2009 formally opened in 2010, was down 8 percent last year, the sources added...The source said Cruz is fielding job inquiries in the finance industry, but has not made any decisions.
Zoe Cruz's Voras Capital To Close [Reuters/Katya Wachtel]