Alleged Canary Pointman At BofA In Mutual Fund Scandal Joins Multifamily Office

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.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...