Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Lord Myners to face hedge fund grilling by Lords – City AM
EU report criticises own ‘vague and inadequate’ hedge fund directive Daily Telegraph
Hedge fund giant surfaces in trading probe – Wall Street Journal
Bear Stearns hedge fund execs face closing arguments – Crain’s NY Business
Touradji Capital countersues two fired employees – Seeking Alpha