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
BONA FILM GROUP LTD SPONSORED ADS 09777B107 54,200 4,000,000 SH   DFND   0 4,000,000 0
OXFORD IMMUNOTEC GLOBAL PLC ORD SHS G6855A103 4,633 467,551 SH   DFND   0 467,551 0
21VIANET GROUP INC SPONSORED ADR 90138A103 21,783 1,090,772 SH   DFND 1 0 1,090,772 0
21VIANET GROUP INC SPONSORED ADR 90138A103 4,657 233,186 SH   DFND   0 233,186 0
CHINA MING YANG WIND PWR GRO SPONSORED ADR 16951C108 33 13,649 SH   DFND 1 0 13,649 0
YOUKU TUDOU INC SPONSORED ADR 98742U100 82,134 2,987,766 SH   DFND 2 0 2,987,766 0
SOUFUN HLDGS LTD ADR 836034108 76,638 12,815,718 SH   DFND 2 0 12,815,718 0
SOUFUN HLDGS LTD NOTE 2.000%12/1 836034AB4 74,632 77,000,000 SH   DFND 2 0 77,000,000 0
SINA CORP ORD G81477104 23,299 491,841 SH   DFND 1 0 491,841 0
SINA CORP ORD G81477104 192,426 4,062,191 SH   DFND 2 0 4,062,191 0
SINA CORP NOTE 1.000% 12/0 82922RAD5 26,939 27,500,000 SH   DFND 2 0 27,500,000 0
CHINA YUCHAI INTL LTD COM G21082105 11,246 1,144,068 SH   DFND 2 0 1,144,068 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 15,032 198,972 SH   DFND 1 0 198,972 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 65,457 866,402 SH   DFND 2 0 866,402 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 10,381 137,400 SH   DFND   0 137,400 0
QIHOO 360 TECHNOLOGY CO LTD NOTE 0.500% 8/1 74734MAE9 133,958 136,500,000 SH   DFND 2 0 136,500,000 0
QIHOO 360 TECHNOLOGY CO LTD NOTE 1.750% 8/1 74734MAF6 23,970 24,500,000 SH   DFND 2 0 24,500,000 0
SUNCOKE ENERGY PARTNERS L P COMUNIT REP LT 86722Y101 1,385 187,691 SH   DFND 2 0 187,691 0
NATURES SUNSHINE PRODUCTS IN COM 639027101 27,404 2,854,607 SH   DFND   0 2,854,607 0
SOHU COM INC COM 83408W103 4,459 90,000 SH   DFND 1 0 90,000 0
SOHU COM INC COM 83408W103 87,387 1,764,319 SH   DFND 2 0 1,764,319 0
TRANSGLOBE ENERGY CORP COM 893662106 4,014 2,422,923 SH   DFND 2 0 2,422,923 0
CHECK CAP LTD SHS M2361E112 4,209 1,530,699 SH   DFND   0 1,530,699 0
CHECK CAP LTD *W EXP 02/28/202 M2361E120 263 333,333 SH   DFND   0 333,333 0
YANDEX NV NOTE 1.125%12/1 98474TAB3 37,219 42,599,000 SH   DFND 2 0 42,599,000 0
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109 29,134 1,610,522 SH   DFND 2 0 1,610,522 0
YY INC ADS REPCOM CLA 98426T106 10,593 172,000 SH   DFND 1 0 172,000 0
YY INC ADS REPCOM CLA 98426T106 111,191 1,806,516 SH   DFND 2 0 1,806,516 0
YY INC ADS REPCOM CLA 98426T106 123,587 33,000 SH   DFND   0 33,000 0
YY INC NOTE 2.250% 4/0 98426TAB2 82,692 85,200,000 SH   DFND 2 0 85,200,000 0
IKANG HEALTHCARE GROUP INC SPONSORED ADR 45174L108 37,267 1,704,027 SH   DFND 2 0 1,704,027 0
IKANG HEALTHCARE GROUP INC SPONSORED ADR 45174L108 10,437 477,426 SH   DFND   0 477,426 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 4,014 640,148 SH   DFND   0 640,148 0
NORTHSTAR RLTY FIN CORP COM 66704R803 2,034 155,003 SH   DFND 1 0 155,003 0
NORTHSTAR RLTY FIN CORP COM 66704R803 2,210 168,450 SH   DFND   0 168,450 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 3,011 114,501 SH   DFND 1 0 114,501 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 1,383 52,599 SH   DFND   0 52,599 0