Hedge Funds

Goodman starts with $1bn Credit Suisse assets

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Bennett Goodman, the former chairman of CSFB Merchant Banking and Leveraged Finance, and most recently head of the firm's Alternative Capital Division, is understood to be spinning out with two partners - Tripp Smith and Doug Ostrover - to create a major new fund focusing on leveraged finance.

According to investors, Goodman's new GSO Special Situations fund looks like it will be getting started with initial assets in excess of $1 billion, including significant commitments from within the Credit Suisse group.

Any fund from such a group looks likely to get serious attention from investors, given that Goodman's team members