Zoe Cruz, the former Morgan Stanley fixed-income banker whose direct style and profit-machine status earned her the nickname Cruz missile, has finally lifted off with her own hedge fund Voras Capital Management.

Cruz, who has been fundraising for nine months, has raised $200m (€157m) in total for Voras, according to people close to the firm, and has established two separate funds. One of the funds, a global macro strategy, is run by Cruz herself, and the other, a credit opportunities fund, is managed by Ellen Brunsberg, who previously ran Morgan Stanley's European securitised products group.