Hedge Funds

CSFB's buyout chief Dean exits to start fund


The long-time head of Credit Suisse First Boston's leveraged-buyout group, Thompson Dean, is planning to launch his own hedge fund group.

About a dozen members of Dean's team are expected to join up with his new shop, Avista Capital Partners, which industry insiders say is likely to focus on buyout and distressed investment opportunities. Much of Dean's work at CSFB had been in the private equity arena, where his group oversaw $18 billion in investments.