Remember in 2011, even Goldman Sachs would close down their quant Global Alpha fund.
Global Alpha is said to have lost 12% in the last two weeks of July alone.
Global Alpha's troubles seem to be in currency and market-neutral bets on stocks and bonds.
That category clearly included Goldman Sachs's Global Alpha hedge fund, which lost a remarkable 23% on the month.
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That includes Global Alpha, its flagship hedge fund, as well as more broadly with the money management operation.
Global Alpha is run by co-managers Mark Carhart and Raymond Iwanowski.
"The ability to lend will not necessarily be boosted by this confidence being injected into the system, " says Dr. Rajiv Sobti, chief investment officer of Nomura Global Alpha, a New York-based hedge fund.
The "repricing" has sunk some of the smarter traders, including those running two now-defunct hedge funds at Bear Stearns (nyse: BSC - news - people ), as well as the traders running money at Goldman Sachs ' (nyse: GS - news - people ) Global Alpha fund and others.
Global IT has been an alpha customer in the areas of enterprise mobility, In-Memory and sustainability.
The firm is all about alpha generation and global and regional thought leadership for the sake of the client.
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This would immediately bring Alpha coal within the first quartile of the cash-cost curve of global coal producers.
"Together, Alpha and Cleveland-Cliffs will have the size, the management depth and the mining expertise to compete on the global stage as demand for raw materials continues to increase around the world, " Alpha Chairman Michael Quillen said in a statement to the press.
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