Saturday, 20 September 2014
Last updated 1 day ago
Jun 25 2010 | 7:03am ET
A key figure in the mutual-fund late-trading scandal of seven years ago has reemerged as a principal at multi-family office Bessemer Trust.
Charles Bryceland was cited—though never charged or accused of any wrongdoing—as the source of an e-mail calling a deal with hedge fund Canary Capital Partners “a tremendous example of leveraging the franchise.” The only problem was, that deal was allegedly late-trading on the part of Canary through Bank of America, where Bryceland worked at the time.
Bryceland subsequently resigned from BofA, where he was head of private banking in the Northeast, and Canary settled the charges for $40 million.
After leaving BofA, Bryceland ran his own high net-worth consultancy and then joined Fieldpoint Private Bank & Trust.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.