 According to "The Wall Street Journal", in September 2011, Goldman Sachs, announced that it was shutting down their largest hedge fund—Global Alpha Fund LP—which had been housed under Goldman Sachs Asset Management (GSAM).Global Alpha, which was created in the mid-1990s with $10 million, was once "one of the biggest and best performing hedge funds in the world" with over $12 billion assets under management (AUM) at its peak in 2007.Global Alpha, which "used computer-driven models to invest", became known for high-frequency trading and furthered the career of "well-known" quantitative analysts—'quants'—such as Cliff Asness and Mark Carhart, who were the quant fund's founding fathers and had "developed the statistical models that drove the trading".