The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
WEIBO CORP SPONSORED ADR 948596101 74,623 2,626,659 SH   DFND 1 2,626,659 0 0
SINA CORP ORD G81477104 737 14,200 SH   DFND 1 14,200 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 1,184 4,600 SH   DFND 1 4,600 0 0
JD COM INC SPON ADR CL A 47215P106 4,111 193,631 SH   DFND 1 193,631 0 0
ISHARES TR 20 YR TR BD ETF 464287432 1,195 8,600 SH   DFND 1 8,600 0 0
PHOENIX NEW MEDIA LTD SPONSORED ADS 71910C103 4,690 1,274,500 SH   DFND 1 1,274,500 0 0
ISHARES TR MIN VOL JAPN ETF 46434V712 548 9,300 SH   DFND 1 9,300 0 0
AUTOHOME INC SP ADR RP CL A 05278C107 6,033 300,000 SH   DFND 1 300,000 0 0
ISHARES MSCI JAPN SMCETF 464286582 552 9,200 SH   DFND 1 9,200 0 0
PROSHARES TR II ULTRA SILVER NEW 74347W353 1,306 27,400 SH   DFND 1 27,400 0 0
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 2,265 91,200 SH   DFND 1 91,200 0 0
SOUFUN HLDGS LTD ADR 836034108 4,018 798,768 SH   DFND 1 798,768 0 0
58 COM INC SPON ADR REP A 31680Q104 1,900 41,400 SH   DFND 1 41,400 0 0
ISHARES EM MKTS CURR ETF 464286517 907 20,200 SH   DFND 1 20,200 0 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 527 81,496 SH   DFND 1 81,496 0 0
SPDR SERIES TRUST SnP BIOTECH 78464A870 465 8,600 SH   DFND 1 8,600 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 44,768 562,900 SH   DFND 1 562,900 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 6,349 50,200 SH   DFND 1 50,200 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 211 18,900 SH   DFND 1 18,900 0 0
DISNEY WALT CO COM DISNEY 254687106 1,105 11,300 SH   DFND 1 11,300 0 0
ABBVIE INC COM 00287Y109 489 7,900 SH   DFND 1 7,900 0 0