Charting Stocks

The SEC is suing a former Minnesota hedge fund manager, alleging that he defrauded investors of almost $16 million.
The lawsuit, which was  filed yesterday in Minneapolis federal court, accuses John Lawton of lying to investors about the performance of his Paramount Partners hedge fund, overstating its balance sheet to hide losses. Lawton, who moved his [...]

Larry Summers’ company, D.E. Shaw, announced this week that it has frozen client withdrawals.
Summers, who was tapped to lead President Obama’s White House National Economic Council, served as a managing director to the hedge fund up until the announcement of his cabinet appointment.
D.E. Shaw Co, is a New York based hedge fund with a [...]

The IMF’s chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday.”The worst is yet to come,” Blanchard said in an interview with the Finanz und Wirtschaft newspaper, adding that “a lot of time is needed before the situation [...]