Hedge fund stories from the past 24 hours from Reuters and elsewhere:

Paulson deepens recovery bet - Seeking Alpha

Brussels trying to choke London - Telegraph blogs

UK pension scheme urged towards hedgies - Reuters

New problem, Old solution - WSJ

Insurance giants lumber into AIFM debate - ABI

Hedge fund stories from the past 24 hours from Reuters and elsewhere:

Hedge fund lawyer runs for Congress - Reuters

Neuberger goes to seed in Asia - Bloomberg

Hedge funds for everyone - Business Week

HFs guarded on Brussels limits - FT

Alternative Reality - Institutional Investor

Hedge fund stories from the past 24 hours from Reuters and elsewhere:

EU steered to strict hedge fund rules - Reuters

High fees, or no fees? - WSJ

Hedge fund bear throws in towel - FT

Hedge funds, brokers turn to poker - Sox First

New questions in Pequot case - AP

Hedge fund stories from the past 24 hours from Reuters and elsewhere:

Will hedgies switch to Bahrain? - Seeking Alpha

Event driven revival - FT

EU assault on hedge fund pay - Reuters

Blochet quits Brevan - Telegraph

Madoff yard sale: Baseball Jackets, coolers and fishing tackle - Reuters

Hedge fund stories from the past 24 hours from Reuters and elsewhere:

Mandelson says EU rules may choke recovery - Bloomberg

Insider trading probe catches 14 more - Reuters

Citi to relaunch hedge fund unit - FT

Man Group on slow recovery  path - Reuters

Aussie hedge fund plans move - The age

For those tiring of the squabbling over the European Union’s AIFM directive, at least the rhetoric continues to impress.

The EU threat has certainly made pension funds more bullish, and this week they were threatening to gang up on “arrogant” hedgies to force through far stricter terms on performance fees. “Institutional investors are totally disillusioned with funds not delivering what was on the tin,” Philip Read, chairman of the British Coal scheme, told chastened managers at the Hedge 2009 conference.

And what’s this? Even the Welsh have waded in with an attack on what they see as needless bureaucracy from the directive.

But my favourite comments come from Anthony Hilton’s column in yesterday’s Evening Standard. He asks a “French mole” to explain the EU’s onslaught on the hedge fund industry when there is broad agreement that the hedgies were not to blame for the financial crisis. The mole does not disappoint.

“It’s like when there is someone in a pub that you have never liked. When a fight breaks out, you hit him anyway, not because he caused the fight, but because you have always wanted to.”

Hedge fund stories from the past 24 hours from Reuters and elsewhere:

Swedes plan to scrap hedge fund leverage limits - WSJ

More than one witness in Galleon case - Reuters

Ex-UBS bankers plan Tufton tranport fund - Bloomberg

Touradji dismisses employee claims as lies - Reuters

Hedge fund stories from the past 24 hours from Reuters and elsewhere:

EU directive could be softened, says Lib Dem chair - Guardian

US targets offshore approved loans - Reuters

Fears grow for hedge fund on US financials losses - FT

Slumping energy demand over, says fund manager Melis - Bloomberg

Hedge fund stories from the past 24 hours from Reuters and elsewhere:

EU hedge fund law to raise compliance costs - Reuters

Hedge fund August inflows hit $19.6 billion - WSJ

Economies face hedge fund attacks - Telegraph

Babcock & Brown Infrastructure receives offer - Bloomberg

Hedge fund stories from the past 24 hours from Reuters and elsewhere:

EU rules to send Hedge Funds overseas - FT

Friedberg reopens Global Macro Hedge Fund  - Hedge Funds Review

Hedge funds face detailed reporting standards - Reuters

Hedge Fund billionaire bankrolls Conservatives - The Times

Top trader launches hedge fund - The Telegraph