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
ACCENTURE PLC CL A COMMON STOCK B4BNMY3 8,750 121,600 SH   DFND 1,2 121,600 0 0
ACE LTD COMMON STOCK B3BQMF6 17,001 190,000 SH   DFND 1,2 190,000 0 0
ALLEGHENY TECHNOLOGIES INC COMMON STOCK 01741R102 7,207 273,937 SH   DFND 1,2 273,937 0 0
ALLERGAN INC COMMON STOCK 018490102 1,230 14,600 SH   DFND 1,2 14,600 0 0
AMAZON.COM INC COMMON STOCK 023135106 14,301 51,500 SH   DFND 1,2 51,500 0 0
AMERICAN TOWER CORP (REIT) COMMON STOCK 03027X100 34,624 473,201 SH   DFND 1,2 473,201 0 0
ANGLOGOLD ASHANTI LTD ADR COMMON STOCK 035128206 22,967 1,606,111 SH   DFND 1,2 1,606,111 0 0
AON PLC CL A COMMON STOCK B5BT0K0 6,390 99,300 SH   DFND 1,2 99,300 0 0
APPLE INC COMMON STOCK 037833100 28,878 72,910 SH   DFND 1,2 72,910 0 0
ARCOS DORADOS HOLDINGS INC CL A COMMON STOCK B529PQ0 63,376 5,426,032 SH   DFND 1,2 5,426,032 0 0
ASML HOLDING NV (USD) COMMON STOCK B908F01 3,229 40,818 SH   DFND 1,2 40,818 0 0
AT&T INC COMMON STOCK 00206R102 3,706 104,700 SH   DFND 1,2 104,700 0 0
B/E AEROSPACE INC COMMON STOCK 073302101 9,569 151,700 SH   DFND 1,2 151,700 0 0
BANCO BRADESCO SA PN ADR COMMON STOCK 059460303 113,469 8,721,634 SH   DFND 1,2 8,721,634 0 0
BARRICK GOLD CORP (USD) COMMON STOCK 067901108 7,576 481,300 SH   DFND 1,2 481,300 0 0
BB&T CORPORATION COMMON STOCK 054937107 37,034 1,093,100 SH   DFND 1,2 1,093,100 0 0
BLACKROCK INC COMMON STOCK 09247X101 14,131 55,016 SH   DFND 1,2 55,016 0 0
BOEING CO COMMON STOCK 097023105 27,024 263,800 SH   DFND 1,2 263,800 0 0
BRF SA ON ADR COMMON STOCK 10552T107 21,026 968,500 SH   DFND 1,2 968,500 0 0
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 79,070 1,769,300 SH   DFND 1,2 1,769,300 0 0
BROADCOM CORP CL A COMMON STOCK 111320107 22,488 666,100 SH   DFND 1,2 666,100 0 0
CAE INC (USD) COMMON STOCK 124765108 1,413 136,400 SH   DFND 1,2 136,400 0 0
CAMECO CORP COMMON STOCK 13321L108 2,946 143,135 SH   DFND 1,2 143,135 0 0
CARNIVAL CORP COMMON PAIRED STOCK UNITS 143658300 4,646 135,500 SH   DFND 1,2 135,500 0 0
CATERPILLAR INC COMMON STOCK 149123101 16,828 204,000 SH   DFND 1,2 204,000 0 0
CBS CORP CL B N/V COMMON STOCK 124857202 11,739 240,200 SH   DFND 1,2 240,200 0 0
CELLCOM ISRAEL LTD COMMON STOCK B23WQK8 4,464 481,145 SH   DFND 1,2 481,145 0 0
CELLCOM ISRAEL LTD (USD) COMMON STOCK B1QHD79 6,586 713,500 SH   DFND 1,2 713,500 0 0
CEMEX SAB DE CV CPO UNIT ADR (2 A SHRS +1 B SHR) COMMON STOCK 151290889 57,857 5,468,508 SH   DFND 1,2 5,468,508 0 0
CENOVUS ENERGY INC COMMON STOCK 15135U109 30,894 1,086,367 SH   DFND 1,2 1,086,367 0 0
CENTENE CORP COMMON STOCK 15135B101 13,760 262,300 SH   DFND 1,2 262,300 0 0
CERNER CORPORATION COMMON STOCK 156782104 2,971 30,918 SH   DFND 1,2 30,918 0 0
CHARTER COMMUNICATIONS INC CL A COMMON STOCK 16117M305 15,209 122,800 SH   DFND 1,2 122,800 0 0
CHEVRON CORP COMMON STOCK 166764100 34,834 294,355 SH   DFND 1,2 294,355 0 0
CLIFFS NATURAL RESOURCES INC COMMON STOCK 18683K101 2,475 152,311 SH   DFND 1,2 152,311 0 0
CME GROUP INC CL A COMMON STOCK 12572Q105 33,910 446,300 SH   DFND 1,2 446,300 0 0
COACH INC COMMON STOCK 189754104 7,376 129,200 SH   DFND 1,2 129,200 0 0
COBALT INTERNATIONAL ENERGY INC COMMON STOCK 19075F106 85,360 3,212,657 SH   DFND 1,2 3,212,657 0 0
COMCAST CORP CL A COMMON STOCK 20030N101 25,002 597,000 SH   DFND 1,2 597,000 0 0
DANAHER CORP COMMON STOCK 235851102 50,662 800,348 SH   DFND 1,2 800,348 0 0
DELPHI AUTOMOTIVE PLC COMMON STOCK B783TY6 16,074 317,100 SH   DFND 1,2 317,100 0 0
DEUTSCHE BANK AG NAMEN COMMON STOCK 5750355 12,806 306,384 SH   DFND 1,2 306,384 0 0
DISCOVERY COMMUNICATIONS INC CL A COMMON STOCK 25470F104 12,444 161,176 SH   DFND 1,2 161,176 0 0
DREAMWORKS ANIMATION SKG INC CL A COMMON STOCK 26153C103 13,497 525,984 SH   DFND 1,2 525,984 0 0
EATON CORP PLC COMMON STOCK B8KQN82 48,219 732,700 SH   DFND 1,2 732,700 0 0
ENERSIS SA ADR COMMON STOCK 29274F104 60,812 3,717,131 SH   DFND 1,2 3,717,131 0 0
ENSCO PLC CL A COMMON STOCK B4VLR19 84,117 1,447,300 SH   DFND 1,2 1,447,300 0 0
EXPRESS SCRIPTS HOLDING CO COMMON STOCK 30219G108 18,711 303,300 SH   DFND 1,2 303,300 0 0
FREEPORT-MCMORAN COPPER & GOLD COMMON STOCK 35671D857 4,880 176,740 SH   DFND 1,2 176,740 0 0
FREESCALE SEMICONDUCTOR LTD COMMON STOCK B4349B0 3,936 290,500 SH   DFND 1,2 290,500 0 0
GENPACT LTD COMMON STOCK B23DBK6 138,745 7,211,263 SH   DFND 1,2 7,211,263 0 0
GERDAU SA PN ADR COMMON STOCK 373737105 73,388 12,852,500 SH   DFND 1,2 12,852,500 0 0
GILEAD SCIENCES INC COMMON STOCK 375558103 142,446 2,781,600 SH   DFND 1,2 2,781,600 0 0
GOLDMAN SACHS GROUP INC COMMON STOCK 38141G104 54,597 360,970 SH   DFND 1,2 360,970 0 0
GOOGLE INC CL A COMMON STOCK 38259P508 50,342 57,183 SH   DFND 1,2 57,183 0 0
HALLIBURTON CO COMMON STOCK 406216101 51,766 1,240,800 SH   DFND 1,2 1,240,800 0 0
HDFC BANK LTD ADR COMMON STOCK 40415F101 5,353 147,700 SH   DFND 1,2 147,700 0 0
HEXCEL CORPORATION COMMON STOCK 428291108 5,486 161,100 SH   DFND 1,2 161,100 0 0
HOME DEPOT INC COMMON STOCK 437076102 25,271 326,200 SH   DFND 1,2 326,200 0 0
ICICI BANK LTD ADR COMMON STOCK 45104G104 81,178 2,122,300 SH   DFND 1,2 2,122,300 0 0
IDEX CORP COMMON STOCK 45167R104 9,205 171,066 SH   DFND 1,2 171,066 0 0
IRON MOUNTAIN INC COMMON STOCK 462846106 6,967 261,811 SH   DFND 1,2 261,811 0 0
ITAU UNIBANCO HOLDING SA PN ADR COMMON STOCK 465562106 47,400 3,668,716 SH   DFND 1,2 3,668,716 0 0
JABIL CIRCUIT INC COMMON STOCK 466313103 6,067 297,700 SH   DFND 1,2 297,700 0 0
JPMORGAN CHASE & CO COMMON STOCK 46625H100 23,186 439,209 SH   DFND 1,2 439,209 0 0
KINDER MORGAN INC COMMON STOCK 49456B101 12,315 322,800 SH   DFND 1,2 322,800 0 0
KLA-TENCOR CORP COMMON STOCK 482480100 1,499 26,900 SH   DFND 1,2 26,900 0 0
LULULEMON ATHLETICA INC COMMON STOCK 550021109 16,367 249,800 SH   DFND 1,2 249,800 0 0
LYONDELLBASELL INDUSTRIES NV A COMMON STOCK B3SPXZ3 15,386 232,200 SH   DFND 1,2 232,200 0 0
MARSH & MCLENNAN COMPANIES INC COMMON STOCK 571748102 29,744 745,100 SH   DFND 1,2 745,100 0 0
MELCO CROWN ENTERTAINMENT LTD ADR COMMON STOCK 585464100 45,599 2,039,300 SH   DFND 1,2 2,039,300 0 0
MINDRAY MEDICAL INTL LTD CL A ADR COMMON STOCK 602675100 23,964 639,900 SH   DFND 1,2 639,900 0 0
MONDELEZ INTERNATIONAL INC COMMON STOCK 609207105 1,461 51,200 SH   DFND 1,2 51,200 0 0
MONSANTO CO COMMON STOCK 61166W101 14,932 151,129 SH   DFND 1,2 151,129 0 0
MOSAIC COMPANY (THE) COMMON STOCK 61945C103 25,581 475,400 SH   DFND 1,2 475,400 0 0
NEW ORIENTAL EDU & TECH GRP INC ADR COMMON STOCK 647581107 18,243 823,600 SH   DFND 1,2 823,600 0 0
NEWELL RUBBERMAID INC COMMON STOCK 651229106 8,337 317,600 SH   DFND 1,2 317,600 0 0
NIELSEN HOLDINGS NV COMMON STOCK B4NTRF5 27,675 823,900 SH   DFND 1,2 823,900 0 0
NIKE INC CL B COMMON STOCK 654106103 15,207 238,800 SH   DFND 1,2 238,800 0 0
NOBLE ENERGY INC COMMON STOCK 655044105 31,923 531,700 SH   DFND 1,2 531,700 0 0
NORFOLK SOUTHERN CORP COMMON STOCK 655844108 4,336 59,678 SH   DFND 1,2 59,678 0 0
OI SA ON ADR COMMON STOCK 670851104 3,237 1,651,529 SH   DFND 1,2 1,651,529 0 0
OI SA PN ADR COMMON STOCK 670851203 59,014 32,785,739 SH   DFND 1,2 32,785,739 0 0
ON SEMICONDUCTOR CORP COMMON STOCK 682189105 4,452 551,000 SH   DFND 1,2 551,000 0 0
ORACLE CORP COMMON STOCK 68389X105 36,772 1,197,000 SH   DFND 1,2 1,197,000 0 0
PARTNER COMMUNICATIONS CO ADR COMMON STOCK 70211M109 702 112,000 SH   DFND 1,2 112,000 0 0
PHILIP MORRIS INTERNATIONAL COMMON STOCK 718172109 26,241 302,949 SH   DFND 1,2 302,949 0 0
POLYPORE INTERNATIONAL INC COMMON STOCK 73179V103 10,063 249,700 SH   DFND 1,2 249,700 0 0
PROCTER & GAMBLE CO COMMON STOCK 742718109 25,568 332,100 SH   DFND 1,2 332,100 0 0
PROGRESSIVE CORP COMMON STOCK 743315103 3,099 121,902 SH   DFND 1,2 121,902 0 0
ROYAL CARIBBEAN CRUISES LTD COMMON STOCK 2754907 15,133 453,900 SH   DFND 1,2 453,900 0 0
SCHLUMBERGER LTD COMMON STOCK 806857108 28,128 392,516 SH   DFND 1,2 392,516 0 0
SCRIPPS NETWORKS INTERACTIVE INC CL A COMMON STOCK 811065101 2,971 44,500 SH   DFND 1,2 44,500 0 0
SEADRILL LTD COMMON STOCK B09RMQ1 23,749 591,412 SH   DFND 1,2 591,412 0 0
SEATTLE GENETICS INC COMMON STOCK 812578102 17,423 553,800 SH   DFND 1,2 553,800 0 0
STARBUCKS CORP COMMON STOCK 855244109 23,053 352,001 SH   DFND 1,2 352,001 0 0
TAIWAN SEMICONDUCTOR MFG CO ADR COMMON STOCK 874039100 1,934 105,548 SH   DFND 1,2 105,548 0 0
TENARIS SA ADR COMMON STOCK 88031M109 21,607 536,546 SH   DFND 1,2 536,546 0 0
TIFFANY & CO COMMON STOCK 886547108 6,206 85,200 SH   DFND 1,2 85,200 0 0
UBS AG NAMEN COMMON STOCK B18YFJ4 7,236 425,785 SH   DFND 1,2 425,785 0 0
UNITED TECHNOLOGIES CORP COMMON STOCK 913017109 14,081 151,511 SH   DFND 1,2 151,511 0 0
VERISIGN INC COMMON STOCK 92343E102 22,187 496,800 SH   DFND 1,2 496,800 0 0
VISA INC CL A COMMON STOCK 92826C839 30,528 167,050 SH   DFND 1,2 167,050 0 0
WHIRLPOOL CORP COMMON STOCK 963320106 14,375 125,700 SH   DFND 1,2 125,700 0 0
YANDEX NV A COMMON STOCK B5BSZB3 112,476 4,070,800 SH   DFND 1,2 4,070,800 0 0