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 161 2,750 SH   DFND 1,2 2,750 0 0
ACCENTURE PLC CL A COMMON STOCK B4BNMY3 5,893 62,900 SH   DFND 1,2 62,900 0 0
ACE LTD COMMON STOCK B3BQMF6 3,701 33,200 SH   DFND 1,2 33,200 0 0
AES CORP (THE) COMMON STOCK 00130H105 44,022 3,425,800 SH   DFND 1,2 3,425,800 0 0
AGIOS PHARMACEUTICALS INC COMMON STOCK 00847X104 6,139 65,100 SH   DFND 1,2 65,100 0 0
AIR PRODUCTS & CHEMICALS INC COMMON STOCK 009158106 129 850 SH   DFND 1,2 850 0 0
ALIBABA GROUP HOLDING LTD ADR COMMON STOCK 01609W102 9,198 110,500 SH   DFND 1,2 110,500 0 0
ALLEGHENY TECHNOLOGIES INC COMMON STOCK 01741R102 1,379 45,937 SH   DFND 1,2 45,937 0 0
AMAZON.COM INC COMMON STOCK 023135106 4,726 12,700 SH   DFND 1,2 12,700 0 0
AMERICA MOVIL SAB DE CV L ADR COMMON STOCK 02364W105 50,084 2,447,900 SH   DFND 1,2 2,447,900 0 0
AMERICAN TOWER CORP (REIT) COMMON STOCK 03027X100 14,018 148,892 SH   DFND 1,2 148,892 0 0
ANADARKO PETROLEUM CORP COMMON STOCK 032511107 938 11,330 SH   DFND 1,2 11,330 0 0
AON PLC CL A COMMON STOCK B5BT0K0 2,845 29,600 SH   DFND 1,2 29,600 0 0
APPLE INC COMMON STOCK 037833100 14,354 115,360 SH   DFND 1,2 115,360 0 0
ARCOS DORADOS HOLDINGS INC CL A COMMON STOCK B529PQ0 14,526 2,946,500 SH   DFND 1,2 2,946,500 0 0
ASML HOLDING NV (USD) COMMON STOCK B908F01 1,622 16,056 SH   DFND 1,2 16,056 0 0
ASTRAZENECA PLC ADR COMMON STOCK 046353108 123 1,800 SH   DFND 1,2 1,800 0 0
AVAGO TECHNOLOGIES LTD COMMON STOCK B3WS2X9 7,035 55,400 SH   DFND 1,2 55,400 0 0
BANCO BRADESCO SA PN ADR COMMON STOCK 059460303 23,608 2,543,922 SH   DFND 1,2 2,543,922 0 0
BLACKROCK INC COMMON STOCK 09247X101 2,120 5,796 SH   DFND 1,2 5,796 0 0
BOEING CO COMMON STOCK 097023105 9,695 64,600 SH   DFND 1,2 64,600 0 0
BRF SA ON ADR COMMON STOCK 10552T107 5,459 276,000 SH   DFND 1,2 276,000 0 0
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 17,550 272,100 SH   DFND 1,2 272,100 0 0
BROADCOM CORP CL A COMMON STOCK 111320107 1,875 43,300 SH   DFND 1,2 43,300 0 0
CAMECO CORP COMMON STOCK 13321L108 106 7,635 SH   DFND 1,2 7,635 0 0
CATERPILLAR INC COMMON STOCK 149123101 3,617 45,200 SH   DFND 1,2 45,200 0 0
CEMEX SAB DE CV CPO UNIT ADR (2 A SHRS + 1 B SHR) COMMON STOCK 151290889 78,870 8,328,413 SH   DFND 1,2 8,328,413 0 0
CENOVUS ENERGY INC COMMON STOCK 15135U109 7,749 459,667 SH   DFND 1,2 459,667 0 0
CENTURYLINK INC COMMON STOCK 156700106 111 3,200 SH   DFND 1,2 3,200 0 0
CERNER CORPORATION COMMON STOCK 156782104 5,036 68,736 SH   DFND 1,2 68,736 0 0
CHEVRON CORP COMMON STOCK 166764100 12,440 118,499 SH   DFND 1,2 118,499 0 0
CME GROUP INC CL A COMMON STOCK 12572Q105 15,557 164,260 SH   DFND 1,2 164,260 0 0
COBALT INTERNATIONAL ENERGY INC COMMON STOCK 19075F106 46,532 4,944,950 SH   DFND 1,2 4,944,950 0 0
COCA-COLA CO COMMON STOCK 191216100 426 10,500 SH   DFND 1,2 10,500 0 0
COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A COMMON STOCK 192446102 299 4,800 SH   DFND 1,2 4,800 0 0
COMCAST CORP CL A COMMON STOCK 20030N101 5,127 90,800 SH   DFND 1,2 90,800 0 0
CONOCOPHILLIPS COMMON STOCK 20825C104 9,969 160,120 SH   DFND 1,2 160,120 0 0
CORE LABORATORIES COMMON STOCK 2182531 10,820 103,552 SH   DFND 1,2 103,552 0 0
CRESCENT POINT ENERGY CORP COMMON STOCK 22576C101 176 7,900 SH   DFND 1,2 7,900 0 0
CROWN CASTLE INTL CORP (REIT) COMMON STOCK 22822V101 95 1,150 SH   DFND 1,2 1,150 0 0
CTRIP.COM INTL ADR COMMON STOCK 22943F100 9,800 167,173 SH   DFND 1,2 167,173 0 0
DANAHER CORP COMMON STOCK 235851102 12,060 142,048 SH   DFND 1,2 142,048 0 0
DELPHI AUTOMOTIVE PLC COMMON STOCK B783TY6 12,886 161,600 SH   DFND 1,2 161,600 0 0
DOW CHEMICAL CO COMMON STOCK 260543103 86 1,800 SH   DFND 1,2 1,800 0 0
DREAMWORKS ANIMATION SKG INC CL A COMMON STOCK 26153C103 1,381 57,084 SH   DFND 1,2 57,084 0 0
EATON CORP PLC COMMON STOCK B8KQN82 13,941 205,200 SH   DFND 1,2 205,200 0 0
EDISON INTERNATIONAL COMMON STOCK 281020107 94 1,500 SH   DFND 1,2 1,500 0 0
ENBRIDGE INC COMMON STOCK 29250N105 10,735 222,700 SH   DFND 1,2 222,700 0 0
ENERSIS SA ADR COMMON STOCK 29274F104 41,573 2,556,793 SH   DFND 1,2 2,556,793 0 0
ENSCO PLC CL A COMMON STOCK B4VLR19 862 40,900 SH   DFND 1,2 40,900 0 0
EXPRESS SCRIPTS HOLDING CO COMMON STOCK 30219G108 2,456 28,300 SH   DFND 1,2 28,300 0 0
EXXON MOBIL CORP COMMON STOCK 30231G102 179 2,100 SH   DFND 1,2 2,100 0 0
FREEPORT-MCMORAN INC COMMON STOCK 35671D857 1,653 87,254 SH   DFND 1,2 87,254 0 0
GERDAU SA PN ADR COMMON STOCK 373737105 3,776 1,180,000 SH   DFND 1,2 1,180,000 0 0
GILEAD SCIENCES INC COMMON STOCK 375558103 21,176 215,800 SH   DFND 1,2 215,800 0 0
GOLAR LNG LTD (USD) COMMON STOCK 2367963 2,659 79,900 SH   DFND 1,2 79,900 0 0
GOLDMAN SACHS GROUP INC COMMON STOCK 38141G104 34,750 184,870 SH   DFND 1,2 184,870 0 0
GOOGLE INC CL A COMMON STOCK 38259P508 6,805 12,267 SH   DFND 1,2 12,267 0 0
GRANA Y MONTERO SAA ADR COMMON STOCK 38500P208 4,399 582,600 SH   DFND 1,2 582,600 0 0
HALLIBURTON CO COMMON STOCK 406216101 3,305 75,321 SH   DFND 1,2 75,321 0 0
HEXCEL CORPORATION COMMON STOCK 428291108 10,983 213,600 SH   DFND 1,2 213,600 0 0
HOME DEPOT INC COMMON STOCK 437076102 5,010 44,100 SH   DFND 1,2 44,100 0 0
ICICI BANK LTD ADR COMMON STOCK 45104G104 52,469 5,064,600 SH   DFND 1,2 5,064,600 0 0
IDEX CORP COMMON STOCK 45167R104 4,637 61,152 SH   DFND 1,2 61,152 0 0
INCYTE CORP COMMON STOCK 45337C102 24,898 271,632 SH   DFND 1,2 271,632 0 0
INFOSYS LTD ADR COMMON STOCK 456788108 1,463 41,700 SH   DFND 1,2 41,700 0 0
INTERCONTINENTAL EXCHANGE INC COMMON STOCK 45866F104 4,689 20,100 SH   DFND 1,2 20,100 0 0
IRON MOUNTAIN INC (REIT) COMMON STOCK 46284V101 279 7,657 SH   DFND 1,2 7,657 0 0
ITAU UNIBANCO HOLDING SA PN ADR COMMON STOCK 465562106 30,100 2,721,486 SH   DFND 1,2 2,721,486 0 0
JABIL CIRCUIT INC COMMON STOCK 466313103 2,527 108,100 SH   DFND 1,2 108,100 0 0
JPMORGAN CHASE & CO COMMON STOCK 46625H100 6,833 112,789 SH   DFND 1,2 112,789 0 0
KINDER MORGAN INC COMMON STOCK 49456B101 97 2,300 SH   DFND 1,2 2,300 0 0
LIBERTY GLOBAL PLC CL A COMMON STOCK B8W6766 7,129 138,500 SH   DFND 1,2 138,500 0 0
LULULEMON ATHLETICA INC COMMON STOCK 550021109 5,000 78,100 SH   DFND 1,2 78,100 0 0
LYONDELLBASELL INDUSTRIES NV COMMON STOCK B3SPXZ3 2,528 28,790 SH   DFND 1,2 28,790 0 0
MARSH & MCLENNAN COMPANIES INC COMMON STOCK 571748102 12,463 222,200 SH   DFND 1,2 222,200 0 0
MELCO CROWN ENTERTAINMENT LTD ADR COMMON STOCK 585464100 63,706 2,968,600 SH   DFND 1,2 2,968,600 0 0
MERCADOLIBRE INC COMMON STOCK 58733R102 25,509 208,200 SH   DFND 1,2 208,200 0 0
MERCK & CO INC COMMON STOCK 58933Y105 12,080 210,165 SH   DFND 1,2 210,165 0 0
MERCURY GENERAL CORP COMMON STOCK 589400100 110 1,900 SH   DFND 1,2 1,900 0 0
MICROSOFT CORP COMMON STOCK 594918104 20,641 507,700 SH   DFND 1,2 507,700 0 0
MOBILE TELESYSTEMS OJSC ADR COMMON STOCK 607409109 24,262 2,402,200 SH   DFND 1,2 2,402,200 0 0
MONDELEZ INTERNATIONAL INC COMMON STOCK 609207105 1,866 51,700 SH   DFND 1,2 51,700 0 0
MONSANTO CO COMMON STOCK 61166W101 7,240 64,329 SH   DFND 1,2 64,329 0 0
MOODYS CORP COMMON STOCK 615369105 2,190 21,100 SH   DFND 1,2 21,100 0 0
MOSAIC COMPANY (THE) COMMON STOCK 61945C103 2,031 44,100 SH   DFND 1,2 44,100 0 0
NETAPP INC COMMON STOCK 64110D104 2,982 84,100 SH   DFND 1,2 84,100 0 0
NEW ORIENTAL EDU & TECH GRP INC ADR COMMON STOCK 647581107 2,188 98,700 SH   DFND 1,2 98,700 0 0
NEWELL RUBBERMAID INC COMMON STOCK 651229106 13,831 354,000 SH   DFND 1,2 354,000 0 0
NIELSEN NV COMMON STOCK B4NTRF5 12,453 279,400 SH   DFND 1,2 279,400 0 0
NOBLE ENERGY INC COMMON STOCK 655044105 8,142 166,500 SH   DFND 1,2 166,500 0 0
NUCOR CORP COMMON STOCK 670346105 59 1,240 SH   DFND 1,2 1,240 0 0
ON SEMICONDUCTOR CORP COMMON STOCK 682189105 6,989 577,100 SH   DFND 1,2 577,100 0 0
ORACLE CORP COMMON STOCK 68389X105 4,026 93,300 SH   DFND 1,2 93,300 0 0
PACWEST BANCORP COMMON STOCK 695263103 89 1,900 SH   DFND 1,2 1,900 0 0
PAYCHEX INC COMMON STOCK 704326107 129 2,600 SH   DFND 1,2 2,600 0 0
PFIZER INC COMMON STOCK 717081103 129 3,700 SH   DFND 1,2 3,700 0 0
PHILIP MORRIS INTERNATIONAL COMMON STOCK 718172109 6,429 85,349 SH   DFND 1,2 85,349 0 0
POLYPORE INTERNATIONAL INC COMMON STOCK 73179V103 9,585 162,740 SH   DFND 1,2 162,740 0 0
PRAXAIR INC COMMON STOCK 74005P104 7,365 61,000 SH   DFND 1,2 61,000 0 0
PRICELINE GROUP INC (THE) COMMON STOCK 741503403 3,894 3,345 SH   DFND 1,2 3,345 0 0
PROCTER & GAMBLE CO COMMON STOCK 742718109 2,032 24,800 SH   DFND 1,2 24,800 0 0
PUMA BIOTECHNOLOGY INC COMMON STOCK 74587V107 10,318 43,700 SH   DFND 1,2 43,700 0 0
QUEST DIAGNOSTICS INC COMMON STOCK 74834L100 999 13,000 SH   DFND 1,2 13,000 0 0
RECEPTOS INC COMMON STOCK 756207106 13,554 82,200 SH   DFND 1,2 82,200 0 0
ROYAL CARIBBEAN CRUISES LTD COMMON STOCK 2754907 9,986 122,000 SH   DFND 1,2 122,000 0 0
SCHLUMBERGER LTD COMMON STOCK 806857108 11,517 138,022 SH   DFND 1,2 138,022 0 0
SEADRILL LTD COMMON STOCK B09RMQ1 3,053 325,048 SH   DFND 1,2 325,048 0 0
SEADRILL LTD (USD) COMMON STOCK B0HWHV8 1,439 153,900 SH   DFND 1,2 153,900 0 0
SEMPRA ENERGY COMMON STOCK 816851109 2,409 22,100 SH   DFND 1,2 22,100 0 0
SENSATA TECHNOLOGIES HOLDING NV COMMON STOCK B62S207 1,110 19,326 SH   DFND 1,2 19,326 0 0
ST JUDE MEDICAL COMMON STOCK 790849103 5,162 78,925 SH   DFND 1,2 78,925 0 0
STARBUCKS CORP COMMON STOCK 855244109 13,315 140,600 SH   DFND 1,2 140,600 0 0
SYNCHRONY FINANCIAL COMMON STOCK 87165B103 3,911 128,852 SH   DFND 1,2 128,852 0 0
TABLEAU SOFTWARE INC CL A COMMON STOCK 87336U105 2,979 32,200 SH   DFND 1,2 32,200 0 0
TAIWAN SEMICONDUCTOR MFG CO ADR COMMON STOCK 874039100 3,882 165,348 SH   DFND 1,2 165,348 0 0
TENARIS SA ADR COMMON STOCK 88031M109 11,770 420,346 SH   DFND 1,2 420,346 0 0
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 126 2,200 SH   DFND 1,2 2,200 0 0
TIM PARTICIPACOES SA ON ADR COMMON STOCK 88706P205 1,298 78,300 SH   DFND 1,2 78,300 0 0
TOWERS WATSON & CO CL A COMMON STOCK 891894107 2,868 21,700 SH   DFND 1,2 21,700 0 0
UBS GROUP AG COMMON STOCK BRJL176 5,636 298,806 SH   DFND 1,2 298,806 0 0
UMPQUA HOLDINGS CORP COMMON STOCK 904214103 191 11,100 SH   DFND 1,2 11,100 0 0
UNITED TECHNOLOGIES CORP COMMON STOCK 913017109 1,687 14,391 SH   DFND 1,2 14,391 0 0
VALE SA ON ADR COMMON STOCK 91912E105 53,565 9,480,600 SH   DFND 1,2 9,480,600 0 0
VALE SA PNA ADR COMMON STOCK 91912E204 3,006 619,800 SH   DFND 1,2 619,800 0 0
VERISIGN INC COMMON STOCK 92343E102 6,402 95,600 SH   DFND 1,2 95,600 0 0
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 314 6,460 SH   DFND 1,2 6,460 0 0
VISA INC CL A COMMON STOCK 92826C839 14,940 228,400 SH   DFND 1,2 228,400 0 0
WELLS FARGO & CO COMMON STOCK 949746101 16,364 300,800 SH   DFND 1,2 300,800 0 0
WHIRLPOOL CORP COMMON STOCK 963320106 10,406 51,500 SH   DFND 1,2 51,500 0 0
XILINX INC COMMON STOCK 983919101 5,076 120,000 SH   DFND 1,2 120,000 0 0
XOOM CORP COMMON STOCK 98419Q101 11,258 766,400 SH   DFND 1,2 766,400 0 0
YANDEX NV A COMMON STOCK B5BSZB3 22,891 1,509,450 SH   DFND 1,2 1,509,450 0 0
YANDEX NV CV SR UNSEC 1.125% 12-15-18 CORP CONV BOND 98474TAB3 88 106,000 PRN   DFND 1,2 106,000 0 0
YPF SOCIEDAD ANONIMA D ADR COMMON STOCK 984245100 44,002 1,603,000 SH   DFND 1,2 1,603,000 0 0