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

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ISHARES INC MSCI STH KOR ETF 464286772   10,066,500 150,000 SH   SOLE   150,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   725,000 50,000 SH Call SOLE   50,000 0 0
SPDR SER TR S&P BIOTECH 78464A870   34,160,400 360,000 SH   SOLE   360,000 0 0
SPDR SER TR S&P REGL BKG 78464A698   51,185,040 1,018,000 SH   SOLE   1,018,000 0 0