Within a year of its founding, Santa Monica, California-based hedge fund firm Beach Point Capital Management became the 83rd biggest hedge fund firm in the world, ahead of London-based Marshall Wace, Leon Cooperman’s Omega Advisors and Chase Coleman’s Tiger Global Management. Carl Goldsmith and Scott Klein, who had worked together at the investment firm Post Advisory Group for a combined 22 years, founded the multistrategy and event-driven firm in 2009 as a management buy back of Post’s alternative business. The founders established and ran Post’s multi-billion dollar alternative fixed-income business in the 1990s and helped the firm’s assets rocket from…
