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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 645,811 4,963,200 SH   DFND   4,963,200 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 25,556 1,764,050 SH   DFND   1,764,050 0 0
ISHARES TR MSCI EAFE ETF 464287465 31,204 486,400 SH   DFND   486,400 0 0
CRITEO S A SPONS ADS 226718104 26,848 516,789 SH   DFND   516,789 0 0
TIFFANY & CO NEW COM 886547108 18,762 196,457 SH   DFND   196,457 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 15,493 174,023 SH   DFND   174,023 0 0
PHILIP MORRIS INTL INC COM 718172109 14,630 129,091 SH   DFND   129,091 0 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 13,578 320,000 SH   DFND   320,000 0 0
REYNOLDS AMERICAN INC COM 761713106 8,535 135,461 SH   DFND   135,461 0 0
CONSTELLIUM NV CL A N22035104 6,347 947,355 SH   DFND   947,355 0 0
ZOETIS INC CL A 98978V103 2,988 55,844 SH   DFND   55,844 0 0
MONSANTO CO NEW COM 61166W101 2,636 23,188 SH   DFND   23,188 0 0
JUNIPER NETWORKS INC COM 48203R104 2,235 80,426 SH   DFND   80,426 0 0
TEXAS INSTRS INC COM 882508104 904 9,687 SH   DFND   9,687 0 0
ISHARES MSCI BRZ CAP ETF 464286400 520 5,120 SH   DFND   5,120 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 405 25,502 SH   DFND   25,502 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 293 11,092 SH   DFND   11,092 0 0