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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
ABBVIE INC COMMON STOCK 00287Y109 63 1,150 SH   DFND 1,2 1,150 0 0
ACCENTURE PLC CL A COMMON STOCK B4BNMY3 6,181 62,900 SH   DFND 1,2 62,900 0 0
ACE LTD COMMON STOCK B3BQMF6 1,246 12,050 SH   DFND 1,2 12,050 0 0
AES CORP (THE) COMMON STOCK 00130H105 30,503 3,115,700 SH   DFND 1,2 3,115,700 0 0
AGIOS PHARMACEUTICALS INC COMMON STOCK 00847X104 5,132 72,700 SH   DFND 1,2 72,700 0 0
ALIBABA GROUP HOLDING LTD ADR COMMON STOCK 01609W102 18,800 318,800 SH   DFND 1,2 318,800 0 0
ALLEGHENY TECHNOLOGIES INC COMMON STOCK 01741R102 624 44,037 SH   DFND 1,2 44,037 0 0
ALTRIA GROUP INC COMMON STOCK 02209S103 33 600 SH   DFND 1,2 600 0 0
AMAZON.COM INC COMMON STOCK 023135106 5,272 10,300 SH   DFND 1,2 10,300 0 0
AMERICA MOVIL SAB DE CV L ADR COMMON STOCK 02364W105 90,391 5,461,700 SH   DFND 1,2 5,461,700 0 0
AMERICAN TOWER CORP (REIT) COMMON STOCK 03027X100 10,021 113,901 SH   DFND 1,2 113,901 0 0
ANADARKO PETROLEUM CORP COMMON STOCK 032511107 2,119 35,090 SH   DFND 1,2 35,090 0 0
AON PLC CL A COMMON STOCK B5BT0K0 2,401 27,100 SH   DFND 1,2 27,100 0 0
APPLE INC COMMON STOCK 037833100 9,228 83,660 SH   DFND 1,2 83,660 0 0
ARCOS DORADOS HOLDINGS INC CL A COMMON STOCK B529PQ0 7,392 2,717,828 SH   DFND 1,2 2,717,828 0 0
ARTHUR J GALLAGHER & CO COMMON STOCK 363576109 165 4,000 SH   DFND 1,2 4,000 0 0
ASML HOLDING NV (USD) COMMON STOCK B908F01 1,413 16,056 SH   DFND 1,2 16,056 0 0
ASTRAZENECA PLC ADR COMMON STOCK 046353108 331 10,400 SH   DFND 1,2 10,400 0 0
AVAGO TECHNOLOGIES LTD COMMON STOCK B3WS2X9 4,925 39,400 SH   DFND 1,2 39,400 0 0
BANCO BRADESCO SA PN ADR COMMON STOCK 059460303 20,890 3,897,322 SH   DFND 1,2 3,897,322 0 0
BOEING CO COMMON STOCK 097023105 5,853 44,700 SH   DFND 1,2 44,700 0 0
BRF SA ON ADR COMMON STOCK 10552T107 5,173 290,800 SH   DFND 1,2 290,800 0 0
BROADCOM CORP CL A COMMON STOCK 111320107 1,831 35,600 SH   DFND 1,2 35,600 0 0
CANADIAN NATIONAL RAILWAY CO (USD) COMMON STOCK 136375102 1,164 20,500 SH   DFND 1,2 20,500 0 0
CEMEX SAB DE CV CPO UNIT ADR (2 A SHRS + 1 B SHR) COMMON STOCK 151290889 72,029 10,304,619 SH   DFND 1,2 10,304,619 0 0
CENOVUS ENERGY INC COMMON STOCK 15135U109 2,971 196,767 SH   DFND 1,2 196,767 0 0
CENTURYLINK INC COMMON STOCK 156700106 45 1,800 SH   DFND 1,2 1,800 0 0
CERNER CORPORATION COMMON STOCK 156782104 4,361 72,736 SH   DFND 1,2 72,736 0 0
CHEVRON CORP COMMON STOCK 166764100 6,413 81,299 SH   DFND 1,2 81,299 0 0
CME GROUP INC CL A COMMON STOCK 12572Q105 15,233 164,260 SH   DFND 1,2 164,260 0 0
COBALT INTERNATIONAL ENERGY INC COMMON STOCK 19075F106 34,561 4,881,450 SH   DFND 1,2 4,881,450 0 0
COBALT INTL ENERGY INC CV SR UNSEC 3.125% 05-15-24 CORP CONV BOND 19075FAB2 685 1,081,000 PRN   DFND 1,2 1,081,000 0 0
COCA-COLA CO COMMON STOCK 191216100 124 3,100 SH   DFND 1,2 3,100 0 0
COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A COMMON STOCK 192446102 1,503 24,000 SH   DFND 1,2 24,000 0 0
COMCAST CORP CL A COMMON STOCK 20030N101 4,954 87,100 SH   DFND 1,2 87,100 0 0
CONOCOPHILLIPS COMMON STOCK 20825C104 8,077 168,420 SH   DFND 1,2 168,420 0 0
CORE LABORATORIES COMMON STOCK 2182531 11,492 115,152 SH   DFND 1,2 115,152 0 0
CROWN CASTLE INTL CORP (REIT) COMMON STOCK 22822V101 150 1,900 SH   DFND 1,2 1,900 0 0
CTRIP.COM INTL ADR COMMON STOCK 22943F100 10,941 173,173 SH   DFND 1,2 173,173 0 0
DANAHER CORP COMMON STOCK 235851102 10,766 126,348 SH   DFND 1,2 126,348 0 0
DAVITA HEALTHCARE PARTNERS INC COMMON STOCK 23918K108 2,749 38,000 SH   DFND 1,2 38,000 0 0
DELPHI AUTOMOTIVE PLC COMMON STOCK B783TY6 7,505 98,700 SH   DFND 1,2 98,700 0 0
DOW CHEMICAL CO COMMON STOCK 260543103 89 2,100 SH   DFND 1,2 2,100 0 0
DREAMWORKS ANIMATION SKG INC CL A COMMON STOCK 26153C103 996 57,084 SH   DFND 1,2 57,084 0 0
EATON CORP PLC COMMON STOCK B8KQN82 10,691 208,400 SH   DFND 1,2 208,400 0 0
ELI LILLY & CO COMMON STOCK 532457108 13,364 159,690 SH   DFND 1,2 159,690 0 0
ENBRIDGE INC COMMON STOCK 29250N105 8,127 219,900 SH   DFND 1,2 219,900 0 0
ENERSIS SA ADR COMMON STOCK 29274F104 28,094 2,222,593 SH   DFND 1,2 2,222,593 0 0
ENSCO PLC CL A COMMON STOCK B4VLR19 555 39,400 SH   DFND 1,2 39,400 0 0
EOG RESOURCES INC COMMON STOCK 26875P101 3,079 42,300 SH   DFND 1,2 42,300 0 0
EXPRESS SCRIPTS HOLDING CO COMMON STOCK 30219G108 2,396 29,600 SH   DFND 1,2 29,600 0 0
EXXON MOBIL CORP COMMON STOCK 30231G102 3,145 42,300 SH   DFND 1,2 42,300 0 0
FREEPORT-MCMORAN INC COMMON STOCK 35671D857 775 79,954 SH   DFND 1,2 79,954 0 0
GANNETT CO INC COMMON STOCK 36473H104 77 5,200 SH   DFND 1,2 5,200 0 0
GENERAL ELECTRIC CO COMMON STOCK 369604103 13 500 SH   DFND 1,2 500 0 0
GERDAU SA PN ADR COMMON STOCK 373737105 1,373 1,002,200 SH   DFND 1,2 1,002,200 0 0
GILEAD SCIENCES INC COMMON STOCK 375558103 11,184 113,900 SH   DFND 1,2 113,900 0 0
GOLAR LNG LTD (USD) COMMON STOCK 2367963 2,328 83,500 SH   DFND 1,2 83,500 0 0
GOLDMAN SACHS GROUP INC COMMON STOCK 38141G104 29,812 171,570 SH   DFND 1,2 171,570 0 0
GOOGLE INC CL A COMMON STOCK 38259P508 7,607 11,917 SH   DFND 1,2 11,917 0 0
GOOGLE INC CL C COMMON STOCK 38259P706 8,281 13,610 SH   DFND 1,2 13,610 0 0
GRANA Y MONTERO SAA ADR COMMON STOCK 38500P208 2,319 582,600 SH   DFND 1,2 582,600 0 0
HALLIBURTON CO COMMON STOCK 406216101 2,196 62,121 SH   DFND 1,2 62,121 0 0
HEXCEL CORPORATION COMMON STOCK 428291108 12,238 272,800 SH   DFND 1,2 272,800 0 0
HOME DEPOT INC COMMON STOCK 437076102 4,458 38,600 SH   DFND 1,2 38,600 0 0
ICICI BANK LTD ADR COMMON STOCK 45104G104 38,488 4,592,875 SH   DFND 1,2 4,592,875 0 0
IDEX CORP COMMON STOCK 45167R104 3,775 52,952 SH   DFND 1,2 52,952 0 0
ILLUMINA INC COMMON STOCK 452327109 5,745 32,675 SH   DFND 1,2 32,675 0 0
INCYTE CORP COMMON STOCK 45337C102 27,763 251,632 SH   DFND 1,2 251,632 0 0
INTERCONTINENTAL EXCHANGE INC COMMON STOCK 45866F104 4,794 20,400 SH   DFND 1,2 20,400 0 0
IRON MOUNTAIN INC (REIT) COMMON STOCK 46284V101 102 3,300 SH   DFND 1,2 3,300 0 0
ITAU UNIBANCO HOLDING SA PN ADR COMMON STOCK 465562106 24,719 3,733,933 SH   DFND 1,2 3,733,933 0 0
JABIL CIRCUIT INC COMMON STOCK 466313103 2,080 93,000 SH   DFND 1,2 93,000 0 0
JD.COM INC A ADR COMMON STOCK 47215P106 2,361 90,600 SH   DFND 1,2 90,600 0 0
JPMORGAN CHASE & CO COMMON STOCK 46625H100 6,919 113,489 SH   DFND 1,2 113,489 0 0
KINDER MORGAN INC COMMON STOCK 49456B101 177 6,400 SH   DFND 1,2 6,400 0 0
LAS VEGAS SANDS CORP COMMON STOCK 517834107 137 3,600 SH   DFND 1,2 3,600 0 0
LIBERTY GLOBAL PLC CL A COMMON STOCK B8W6766 7,888 183,700 SH   DFND 1,2 183,700 0 0
LULULEMON ATHLETICA INC COMMON STOCK 550021109 3,449 68,100 SH   DFND 1,2 68,100 0 0
LYONDELLBASELL INDUSTRIES NV COMMON STOCK B3SPXZ3 74 890 SH   DFND 1,2 890 0 0
MARSH & MCLENNAN COMPANIES INC COMMON STOCK 571748102 9,191 176,000 SH   DFND 1,2 176,000 0 0
MEDTRONIC PLC COMMON STOCK BTN1Y11 1,921 28,700 SH   DFND 1,2 28,700 0 0
MELCO CROWN ENTERTAINMENT LTD ADR COMMON STOCK 585464100 42,408 3,082,000 SH   DFND 1,2 3,082,000 0 0
MERCADOLIBRE INC COMMON STOCK 58733R102 20,577 225,977 SH   DFND 1,2 225,977 0 0
MERCK & CO INC COMMON STOCK 58933Y105 1,712 34,665 SH   DFND 1,2 34,665 0 0
MERCURY GENERAL CORP COMMON STOCK 589400100 131 2,600 SH   DFND 1,2 2,600 0 0
MICROSOFT CORP COMMON STOCK 594918104 22,201 501,600 SH   DFND 1,2 501,600 0 0
MONDELEZ INTERNATIONAL INC COMMON STOCK 609207105 2,165 51,700 SH   DFND 1,2 51,700 0 0
MONSANTO CO COMMON STOCK 61166W101 7,478 87,629 SH   DFND 1,2 87,629 0 0
MOODYS CORP COMMON STOCK 615369105 2,072 21,100 SH   DFND 1,2 21,100 0 0
MOSAIC COMPANY (THE) COMMON STOCK 61945C103 1,313 42,200 SH   DFND 1,2 42,200 0 0
NETAPP INC COMMON STOCK 64110D104 1,761 59,500 SH   DFND 1,2 59,500 0 0
NEW ORIENTAL EDU & TECH GRP INC ADR COMMON STOCK 647581107 764 37,800 SH   DFND 1,2 37,800 0 0
NEWELL RUBBERMAID INC COMMON STOCK 651229106 13,513 340,300 SH   DFND 1,2 340,300 0 0
NIELSEN HOLDINGS PLC COMMON STOCK BWFY550 11,536 259,400 SH   DFND 1,2 259,400 0 0
NOBLE ENERGY INC COMMON STOCK 655044105 5,565 184,400 SH   DFND 1,2 184,400 0 0
NUCOR CORP COMMON STOCK 670346105 47 1,240 SH   DFND 1,2 1,240 0 0
OCCIDENTAL PETROLEUM CORP COMMON STOCK 674599105 79 1,200 SH   DFND 1,2 1,200 0 0
ON SEMICONDUCTOR CORP COMMON STOCK 682189105 5,482 583,200 SH   DFND 1,2 583,200 0 0
PACWEST BANCORP COMMON STOCK 695263103 116 2,700 SH   DFND 1,2 2,700 0 0
PAYCHEX INC COMMON STOCK 704326107 176 3,700 SH   DFND 1,2 3,700 0 0
PFIZER INC COMMON STOCK 717081103 163 5,200 SH   DFND 1,2 5,200 0 0
PHILIP MORRIS INTERNATIONAL COMMON STOCK 718172109 11,951 150,649 SH   DFND 1,2 150,649 0 0
POTASH CORP OF SASKATCHEWAN INC COMMON STOCK 73755L107 65 3,200 SH   DFND 1,2 3,200 0 0
PRAXAIR INC COMMON STOCK 74005P104 6,213 61,000 SH   DFND 1,2 61,000 0 0
PRICELINE GROUP INC (THE) COMMON STOCK 741503403 4,515 3,650 SH   DFND 1,2 3,650 0 0
PROCTER & GAMBLE CO COMMON STOCK 742718109 2,525 35,100 SH   DFND 1,2 35,100 0 0
PUMA BIOTECHNOLOGY INC COMMON STOCK 74587V107 6,440 85,450 SH   DFND 1,2 85,450 0 0
ROYAL CARIBBEAN CRUISES LTD COMMON STOCK 2754907 9,755 109,500 SH   DFND 1,2 109,500 0 0
SCHLUMBERGER LTD COMMON STOCK 806857108 9,257 134,222 SH   DFND 1,2 134,222 0 0
SEADRILL LTD COMMON STOCK B09RMQ1 2,022 347,371 SH   DFND 1,2 347,371 0 0
SEADRILL LTD (USD) COMMON STOCK B0HWHV8 908 153,900 SH   DFND 1,2 153,900 0 0
SEMPRA ENERGY COMMON STOCK 816851109 2,138 22,100 SH   DFND 1,2 22,100 0 0
SENSATA TECHNOLOGIES HOLDING NV COMMON STOCK B62S207 959 21,626 SH   DFND 1,2 21,626 0 0
ST JUDE MEDICAL COMMON STOCK 790849103 8,891 140,925 SH   DFND 1,2 140,925 0 0
STARBUCKS CORP COMMON STOCK 855244109 13,471 237,000 SH   DFND 1,2 237,000 0 0
SYNCHRONY FINANCIAL COMMON STOCK 87165B103 4,033 128,852 SH   DFND 1,2 128,852 0 0
TABLEAU SOFTWARE INC CL A COMMON STOCK 87336U105 2,505 31,400 SH   DFND 1,2 31,400 0 0
TAIWAN SEMICONDUCTOR MFG CO ADR COMMON STOCK 874039100 4,786 230,648 SH   DFND 1,2 230,648 0 0
TENARIS SA ADR COMMON STOCK 88031M109 9,889 410,146 SH   DFND 1,2 410,146 0 0
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 163 3,300 SH   DFND 1,2 3,300 0 0
TIM PARTICIPACOES SA ON ADR COMMON STOCK 88706P205 740 78,300 SH   DFND 1,2 78,300 0 0
TOWERS WATSON & CO CL A COMMON STOCK 891894107 2,136 18,200 SH   DFND 1,2 18,200 0 0
TRANSDIGM GROUP INC COMMON STOCK 893641100 1,551 7,300 SH   DFND 1,2 7,300 0 0
UBS GROUP AG COMMON STOCK BRJL176 5,508 298,806 SH   DFND 1,2 298,806 0 0
UMPQUA HOLDINGS CORP COMMON STOCK 904214103 240 14,700 SH   DFND 1,2 14,700 0 0
UNION PACIFIC CORP COMMON STOCK 907818108 1,264 14,300 SH   DFND 1,2 14,300 0 0
VALE SA PNA ADR COMMON STOCK 91912E204 46,892 13,997,600 SH   DFND 1,2 13,997,600 0 0
VERISIGN INC COMMON STOCK 92343E102 3,288 46,600 SH   DFND 1,2 46,600 0 0
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 381 8,760 SH   DFND 1,2 8,760 0 0
VIACOM INC CL B COMMON STOCK 92553P201 86 2,000 SH   DFND 1,2 2,000 0 0
VISA INC CL A COMMON STOCK 92826C839 15,667 224,900 SH   DFND 1,2 224,900 0 0
WALT DISNEY COMPANY (THE) COMMON STOCK 254687106 2,320 22,700 SH   DFND 1,2 22,700 0 0
WELLS FARGO & CO COMMON STOCK 949746101 14,707 286,400 SH   DFND 1,2 286,400 0 0
WHIRLPOOL CORP COMMON STOCK 963320106 3,726 25,300 SH   DFND 1,2 25,300 0 0
WYNN RESORTS LTD COMMON STOCK 983134107 2,034 38,300 SH   DFND 1,2 38,300 0 0
XILINX INC COMMON STOCK 983919101 5,122 120,800 SH   DFND 1,2 120,800 0 0
YANDEX NV A COMMON STOCK B5BSZB3 7,376 687,450 SH   DFND 1,2 687,450 0 0
YANDEX NV CV SR UNSEC 1.125% 12-15-18 CORP CONV BOND 98474TAB3 90 106,000 PRN   DFND 1,2 106,000 0 0
YPF SOCIEDAD ANONIMA D ADR COMMON STOCK 984245100 29,592 1,943,000 SH   DFND 1,2 1,943,000 0 0
YUM! BRANDS INC COMMON STOCK 988498101 1,071 13,400 SH   DFND 1,2 13,400 0 0