She was once considered the most powerful woman on Wall Street, and now she's a...hedge fund manager? That's right. Zoe Cruz has started a fund. After spending her entire career at Morgan Stanley (MS), until she was fired by her mentor, she has decided to start up Voras Capital Management.

A sign of the times: She hopes to start her fund with just $200 million. She's quite shy with the media--Fortune notes she's only done one interview over the last few years--and I doubt we'll get details about what kind of fund she intends to start. But the environment for start-ups is punishing right now. We've noted the soaring start-up costs and barriers to entry. Success will not be easy, even for someone with a big name.

For more:
- here's the article

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