MarketWatch – In 2010, Morgan Stanley MS +0.71% helped Zoe Cruz, the co-president pushed out of the firm three years earlier, launch a hedge fund by writing her a $20 million check and expressing willingness to pour in more money later.
Last month, though, Morgan Stanley asked for its money back, disappointed by the hedge fund’s performance and worried about the shrinking size of Cruz’s firm, according to people familiar with the matter.
