"Another August 2007?": Quants Suffer Worst Drawdown In Almost 5 Years

"I’m old enough to remember the quant quake of August 2007, and how quickly that unwind unfolded."

     -- Goldman Delta-One head Rich Privorotsky

Update: following up on this morning's post (see below) discussing the sudden, sharp meltdown in systematic funds, we have an updated. According to Goldman's Mario Laicini (