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
BANK OF NOVA SCOTIA NOTE 4.500%12/1 064159HB5 3,187 3,000 SH   DFND   0 3,000 0
CHECK CAP LTD SHS M2361E112 2,128 1,530,699 SH   DFND   0 1,530,699 0
CHECK CAP LTD *W EXP 02/28/202 M2361E120 33 333,333 SH   DFND   0 333,333 0
CHINA YUCHAI INTL LTD COM G21082105 12,297 1,136,533 SH   DFND 2 0 1,136,533 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 4,523 690,548 SH   DFND   0 690,548 0
IKANG HEALTHCARE GROUP INC SPONSORED ADR 45174L108 8,985 489,932 SH   DFND   0 489,932 0
IKANG HEALTHCARE GROUP INC SPONSORED ADR 45174L108 4,251 230,013 SH   DFND   0 230,013 0
IKANG HEALTHCARE GROUP INC SPONSORED ADR 45174L108 31,252 1,704,027 SH   DFND 2 0 1,704,027 0
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109 23,932 1,610,522 SH   DFND 2 0 1,610,522 0
NATURES SUNSHINE PRODUCTS IN COM 639027101 27,204 2,854,607 SH   DFND   0 2,854,607 0
NORTHSTAR RLTY FIN CORP COM 66704R803 4,394 384,463 SH   DFND 1 0 384,463 0
NORTHSTAR RLTY FIN CORP COM 66704R803 6,669 582,464 SH   DFND   0 582,464 0
NORWEGIAN CRUISE LINE HLDGS SHS G66721104 821 20,000 SH   DFND   0 20,000 0
OXFORD IMMUNOTEC GLOBAL PLC ORD SHS G6855A103 4,208 467,551 SH   DFND   0 467,551 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 19,314 264,397 SH   DFND 1 0 264,397 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 85,206 1,166,402 SH   DFND 2 0 1,166,402 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 5,011 68,600 SH   DFND   0 68,600 0
QIHOO 360 TECHNOLOGY CO LTD NOTE 0.500% 8/1 74734MAE9 134,356 136,500,000 SH   DFND 2 0 136,500,000 0
QIHOO 360 TECHNOLOGY CO LTD NOTE 1.750% 8/1 74734MAF6 23,857 24,500,000 SH   DFND 2 0 24,500,000 0
SINA CORP ORD G81477104 130,940 2,524,389 SH   DFND 2 0 2,524,389 0
SINA CORP NOTE 1.000% 12/0 82922RAD5 27,102 27,500,000 SH   DFND 2 0 27,500,000 0
SOHU COM INC COM 83408W103 3,407 90,000 SH   DFND 1 0 90,000 0
SOHU COM INC COM 83408W103 66,797 1,764,319 SH   DFND 2 0 1,764,319 0
SOTHEBYS COM 835898107 682 25,002 SH   DFND   0 25,002 0
SOUFUN HLDGS LTD ADR 836034108 64,463 12,815,718 SH   DFND 2 0 12,815,718 0
SOUFUN HLDGS LTD NOTE 2.000%12/1 836034AB4 95,429 97,377,000 SH   DFND 2 0 97,377,000 0
TARENA INTL INC ADR 876108101 772 74,996 SH   DFND   0 74,996 0
TRANSGLOBE ENERGY CORP COM 893662106 4,439 2,422,923 SH   DFND 2 0 2,422,923 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 3,166 157,201 SH   DFND 1 0 157,201 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 2,244 109,769 SH   DFND   0 109,769 0
VIPSHOP HLDGS LTD NOTE 1.500% 3/1 92763WAA1 21,794 22,000,000 SH   DFND 2 0 22,000,000 0
YANDEX NV NOTE 1.125%12/1 98474TAB3 47,136 50,752,000 SH   DFND 2 0 50,752,000 0
YY INC ADS REPCOM CLA 98426T106 1,138 33,000 SH   DFND   0 33,000 0
YY INC ADS REPCOM CLA 98426T106 5,826 172,000 SH   DFND 1 0 172,000 0
YY INC ADS REPCOM CLA 98426T106 61,187 1,806,516 SH   DFND 2 0 1,806,516 0
YY INC NOTE 2.250% 4/0 98426TAB2 83,070 85,200,000 SH   DFND 2 0 85,200,000 0
21VIANET GROUP INC SPONSORED ADR 90138A103 11,137 1,090,772 SH   DFND 1 0 1,090,772 0
21VIANET GROUP INC SPONSORED ADR 90138A103 2,232 233,186 SH   DFND   0 233,186 0