Global Alpha, the $10 billion flagship of Goldman Sachs
Asset Management's hedge fund stable that has been floundering
for more than a year, appears to have snapped its losing
Down almost 9% in 2006, the highly touted macro fund run by
quantitative strategists Mark Carhart and Ray Iwanowski looked
to be headed for a second down year as losses neared 6% through
May. But by mid-June, Global Alpha was up around 6% for the
month, according to an investor, making...