Like other macro funds, Salomon Brothers legend Dennis
Keegan's $300 million Auspex fund has been struggling with
returns in a market environment that has not been kind to many
practitioners of the strategy. Founded in July 2003, Auspex has
a fundamental bent and is set up to focus on a medium- to
long-term time horizon. The fund invests in countries in the
Citigroup World Government Bond Index and also allocates a
small part of the portfolio to emerging market fixed...