By the time the great quant meltdown had subsided in late
August, several funds caught in the downdraft had started to
post positive returns. Not so for two of the hardest hit,
Goldman Sachs's Global Alpha and Tykhe Capital.
In fact, Global Alpha's woes may well have exacerbated the
crisis. After close to a year of losses, Global Alpha appeared
close to turning around in June when it abruptly turned south
again, in large part due to bad currency bets....