A new entanglement measure induced by the Hilbert-Schmidt norm
  In this letter we discuss a new entanglement measure. It is based on the Hilbert-Schmidt norm of operators. We give an explicit formula for calculating the entanglement of a large set of states on C^2 \times C^2. Furthermore we find some relations between the entanglement of relative entropy and the Hilbert-Schmidt entanglement. A rigorous definition of partial transposition is given in the appendix. 
C. Witte and M. Trucks