Hedge Funds

Goodman back to run CSFB alternatives


Credit Suisse First Boston has hired back Bennett Goodman, the former chairman of CSFB Merchant Banking and Leveraged Finance, to head the firm's new Alternative Capital Division, which will combine the bank's private equity, hedge fund and private fund groups.

Goodman had left the bank seven months ago and was considering starting his own fund. The junk bond pro's re-hire is part of a big effort by the bank to boost its hedge fund operations.

One of Goodman's new tasks will be the creation of a new investment fund focused on leveraged finance assets. The new Alternative Capital Division