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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of