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
ACADIA HEALTHCARE COMPANY IN COM 00404A109 25 578 SH   DFND 1 0 578 0
AKORN INC COM 009728106 7,946 330,000 SH   DFND 1 0 330,000 0
AKORN INC COM 009728106 41,390 1,718,869 SH   DFND   0 1,718,869 0
BANK OF NOVA SCOTIA NOTE 4.500%12/1 064159HB5 3,129 3,000,000 SH   DFND   0 3,000,000 0
BEIGENE LTD SPONSORED ADR 07725L102 5,903 161,250 SH   DFND   0 161,250 0
BEIGENE LTD SPONSORED ADR 07725L102 1,956 53,429 SH   DFND 1 0 53,429 0
BEYONDSPRING INC SHS G10830100 4,752 240,000 SH   DFND   0 240,000 0
CHECK CAP LTD SHS M2361E112 3,276 1,530,699 SH   DFND   0 1,530,699 0
CHECK CAP LTD *W EXP 02/28/202 M2361E120 320 333,333 SH   DFND   0 333,333 0
COLONY CAP INC NOTE 5.000% 4/1 19624RAA4 1,072 1,068,000 SH   DFND 2 0 1,068,000 0
COLONY CAP INC NOTE 3.875% 1/1 19624RAB2 2,467 2,505,000 SH   DFND 2 0 2,505,000 0
COLONY NORTHSTAR INC CL A COM 19625W104 9,076 703,000 SH   DFND 1 0 703,000 0
COLONY NORTHSTAR INC CL A COM 19625W104 17,140 1,131,364 SH   DFND   0 1,131,364 0
COWEN GROUP INC NEW CL A NEW 223622606 5,835 388,062 SH   DFND   0 388,062 0
COWEN GROUP INC NEW CL A NEW 223622606 249 16,675 SH   DFND 1 0 16,675 0
FANG HLDGS LTD ADR 30711Y102 72,152 22,132,544 SH   DFND 2 0 22,132,544 0
FANG HLDGS LTD ADR 30711Y102 9,698 2,974,909 SH   DFND   0 2,974,909 0
GILEAD SCIENCES INC COM 375558103 5,872 86,459 SH   DFND   0 86,459 0
IKANG HEALTHCARE GROUP INC SPONSORED ADR 45174L108 12,321 843,912 SH   DFND   0 843,912 0
IKANG HEALTHCARE GROUP INC SPONSORED ADR 45174L108 24,879 1,704,027 SH   DFND 2 0 1,704,027 0
IMPAX LABORATORIES INC COM 45256B101 3,795 300,000 SH   DFND   0 300,000 0
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109 17,746 512,881 SH   DFND 2 0 512,881 0
NATURES SUNSHINE PRODUCTS IN COM 639027101 28,546 2,854,607 SH   DFND   0 2,854,607 0
NORWEGIAN CRUISE LINE HLDGS SHS G66721104 3,156 62,214 SH   DFND   0 62,214 0
OXFORD IMMUNOTEC GLOBAL PLC ORD SHS G6855A103 6,336 409,046 SH   DFND   0 409,046 0
ROYAL BANK OF CANADA NOTE 4.650% 1/2 780082AD5 3,188 3,000,000 SH   DFND   0 3,000,000 0
SINA CORP NOTE 1.000% 12/0 82922RAD5 27,502 27,500,000 SH   DFND 2 0 27,500,000 0
SINA CORP ORD G81477104 142,297 1,973,055 SH   DFND 2 0 1,973,055 0
SINA CORP ORD G81477104 6,178 85,659 SH   DFND   0 85,659 0
SOHU COM INC COM 83408W103 3,540 90,000 SH   DFND 1 0 90,000 0
SOHU COM INC COM 83408W103 69,391 1,764,319 SH   DFND 2 0 1,764,319 0
TRANSGLOBE ENERGY CORP COM 893662106 3,811 2,422,923 SH   DFND 2 0 2,422,923 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 13,502 1,224,154 SH   DFND 1 0 1,224,154 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 1,211 109,769 SH   DFND   0 109,769 0
YANDEX NV NOTE 1.125%12/1 98474TAB3 48,780 50,752,000 SH   DFND 2 0 50,752,000 0
YY INC ADS REPCOM CLA 98426T106 1,522 33,000 SH   DFND   0 33,000 0
YY INC ADS REPCOM CLA 98426T106 7,931 172,000 SH   DFND 1 0 172,000 0
YY INC ADS REPCOM CLA 98426T106 92,545 2,007,045 SH   DFND 2 0 2,007,045 0
YY INC NOTE 2.250% 4/0 98426TAB2 85,227 85,200,000 SH   DFND 2 0 85,200,000 0
21VIANET GROUP INC SPONSORED ADR 90138A103 3,453 628,965 SH   DFND 1 0 628,965 0
21VIANET GROUP INC SPONSORED ADR 90138A103 1,280 233,186 SH   DFND   0 233,186 0