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  • Asian fixed-income investors have expressed concern over how they will hedge their portfolios when the European Union’s ban on naked credit default swaps on European sovereign debt takes effect Nov. 1.
  • Henderson Global Investors is preparing to launch its Horizon Euro High Yield Fund next month, which Stephen Thariyan, the firm’s head of credit, said may be capped at below EUR2 billion (USD2.6 billion).
  • Real-time reporting of derivatives trades is expected to be ready to begin by the beginning of the New Year, according Gary Gensler, chairman of the U.S. Commodity Future Trading Commission.
  • Alex Kinsman has left as a senior equity derivatives trader at futures brokerage Marex to launch eHawk Partners, which will trade fx and index-based products using algorithm strategies.
  • The U.S. high-yield default rate may end the year below the 2.5% to 3.0% projected by Fitch Ratings, which now forecasts a rate of roughly 2% as “near-default pressures appear to be easing.”
  • Cesar Gueikian has left as global co-head of special situations at UBS to launch a hedge fund with former colleague Andreas Scaminaci.