We present the results of magnetotransport and magnetic torque measurements
on the alpha-(BEDT-TTF)(2)KHg(SCN)(4) charge-transfer salt within its high
-magnetic-field phase, in magnetic fields extending to 33 T and temperature
s as low as 27 mK. While the experimentally determined phase diagram closel
y resembles that predicted by theoretical models for charge-density waves i
n strong magnetic fields, the phase that occurs at fields above similar to
23 T, which is expected to be either a modulated charge-density wave phase
or a charge/spin-density wave hybrid, exhibits unusual physical properties
that are most atypical of a density wave ground state. Notably, the resisti
vity undergoes a dramatic drop below similar to3 K within this phase, falli
ng in an approximately exponential fashion at low temperatures, while the m
agnetic torque undergoes extensive hysteresis. This hysteresis, which occur
s over a broad range of fields and gives rise to a large negative different
ial susceptibility partial derivativeM/partial derivativeB on reversing the
direction of sweep of the magnetic field, is strongly temperature dependen
t and also has several of the physical characteristics predicted by critica
l-state models normally used to describe the pinning of vortices in type II
superconductors. Such a behavior appears therefore only to be explained co
nsistently in terms of persistent currents within the high-magnetic-held ph
ase of alpha-(BEDT-TTF)(2)KHg(SCN)(4), although the origin of these current
s remains an open question.