Goldman's Golden In Fourth Quarter

Dec 12 2006 | 12:52pm ET

What, Goldman Sachs worry? The largest hedge fund manager in the world need not hit the panic button just yet because it has other lines of business to fall back on.

Goldman Sachs nearly doubled its earnings for the fourth quarter despite experiencing drawdowns in its flagship hedge fund. Its eye-pooping $3.15 billion in net income for the three months ending Nov. 24 resulted primarily from increased trading and underwriting revenue, as well as profitable investments in Asia.


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