Goldman Sachs's hedge fund woes were some of the only missteps endured by the firm in 2007. But, as the Financial Times makes clear, things seem to be turning out OK, especially with its Global Equity Opportunities fund. Recall that Goldman Sachs was forced to take dramatic action when the fund tanked. It ended up "investing" $2 billion alongside others who got sweetheart deals--a move seen as a bailout. Turns out that Goldman Sachs has recouped 90 percent of that bailout investment, redeeming $1.8 billion last month. Eli Broad, who funded a big piece of the bailout package, also has redeemed some funds. Goldman's hedge fund operations seem to be cranking again; it has raised $7 billion for a new fund.  

For more:
- here's the Financial Times article

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