Hope Woodhouse has left Auspex Group, where she was COO, to take up the same role at Bridgewater Associates. But, contrary to rumors, Auspex founder Dennis Keegan has no plans to shut down his firm.
The move is seen as a significant loss for Auspex, a global macro fund that Keegan, former head of risk management and proprietary trading at Salomon Brothers, launched in July 2003. The fund didn't get off to a very good start. In 2003, performance was off 5.29% and was down another 11.56% in 2004. Those losses came with significant investor redemptions - assets