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
3M Co COM 88579Y101 178 856 SH   SOLE   856 0 0
58.com Inc SPON ADR REP A 31680Q104 4,930 111,767 SH   SOLE   111,767 0 0
58.com Inc SPON ADR REP A 31680Q104 2,773 62,865 SH   DFND 1 62,865 0 0
AbbVie Inc COM 00287Y109 161 2,227 SH   SOLE   2,227 0 0
Acadia Realty Trust COM SH BEN INT 004239109 58 2,100 SH   SOLE   2,100 0 0
Adobe Systems Inc COM 00724F101 246 1,737 SH   SOLE   1,737 0 0
Advanced Micro Devices Inc COM 007903107 1,872 150,000 SH   SOLE   150,000 0 0
Aetna Inc COM 00817Y108 152 1,000 SH   SOLE   1,000 0 0
Alexandria Real Estate Equitie COM 015271109 144 1,194 SH   SOLE   1,194 0 0
Alexion Pharmaceuticals Inc COM 015351109 40 327 SH   SOLE   327 0 0
Alibaba Group Holding Ltd SPONSORED ADS 01609W102 115,673 820,955 SH   SOLE   820,955 0 0
Alibaba Group Holding Ltd SPONSORED ADS 01609W102 64,993 461,269 SH   DFND 1 461,269 0 0
Alphabet Inc CAP STK CL A 02079K305 5,548 5,968 SH   SOLE   5,968 0 0
Altisource Residential Corp CL B 02153W100 895 69,134 SH   SOLE   69,134 0 0
Altisource Residential Corp CL B 02153W100 331 25,588 SH   DFND 1 25,588 0 0
Altria Group Inc COM 02209S103 85 1,139 SH   SOLE   1,139 0 0
Amazon.com Inc COM 023135106 8,379 8,656 SH   SOLE   8,656 0 0
American Assets Trust Inc COM 024013104 63 1,600 SH   SOLE   1,600 0 0
American Express Co COM 025816109 45 530 SH   SOLE   530 0 0
American Tower Corp COM 03027X100 185 1,400 SH   SOLE   1,400 0 0
Aon PLC SHS CL A G0408V102 32 238 SH   SOLE   238 0 0
Apartment Investment & Managem CL A 03748R101 86 2,000 SH   SOLE   2,000 0 0
Apple Inc COM 037833100 1,112 7,720 SH   SOLE   7,720 0 0
Applied Materials Inc COM 038222105 195 4,722 SH   SOLE   4,722 0 0
AUST & NZ BANKING GROUP DEBT 4.400% 5/1 Q0426RND6 5,279 5,100,000 PRN   DFND 1 5,100,000 0 0
Autodesk Inc COM 052769106 24 236 SH   SOLE   236 0 0
AvalonBay Communities Inc COM 053484101 58 300 SH   SOLE   300 0 0
Baidu Inc SPON ADR REP A 056752108 31,784 177,706 SH   SOLE   177,706 0 0
Baidu Inc SPON ADR REP A 056752108 21,028 117,565 SH   DFND 1 117,565 0 0
Bank of America Corp COM 060505104 63 2,612 SH   SOLE   2,612 0 0
Baozun Inc SPONSORED ADR 06684L103 10,734 484,171 SH   SOLE   484,171 0 0
Baozun Inc SPONSORED ADR 06684L103 6,783 305,971 SH   DFND 1 305,971 0 0
Barclays Bank PLC IPATH S&P500 VIX 06740Q252 31 2,398 SH   SOLE   2,398 0 0
Baxter International Inc COM 071813109 177 2,928 SH   SOLE   2,928 0 0
Becton Dickinson and Co COM 075887109 146 746 SH   SOLE   746 0 0
Best Buy Co Inc COM 086516101 238 4,155 SH   SOLE   4,155 0 0
Big Lots Inc COM 089302103 54 1,122 SH   SOLE   1,122 0 0
Biogen Inc COM 09062X103 27 101 SH   SOLE   101 0 0
Bitauto Holdings Ltd SPONSORED ADS 091727107 1,438 50,000 SH   SOLE   50,000 0 0
Blackstone Group LP/The COM UNIT LTD 09253U108 59 1,757 SH   SOLE   1,757 0 0
Boeing Co/The COM 097023105 62 312 SH   SOLE   312 0 0
Boston Properties Inc COM 101121101 74 600 SH   SOLE   600 0 0
Brixmor Property Group Inc COM 11120U105 43 2,402 SH   SOLE   2,402 0 0
Broadcom Ltd SHS Y09827109 257 1,104 SH   SOLE   1,104 0 0
Brookdale Senior Living Inc COM 112463104 101 6,900 SH   SOLE   6,900 0 0
Camden Property Trust SH BEN INT 133131102 47 550 SH   SOLE   550 0 0
Carnival Corp UNIT 99/99/9999 143658300 32 493 SH   SOLE   493 0 0
CBL & Associates Properties In COM 124830100 19 2,300 SH   SOLE   2,300 0 0
Celgene Corp COM 151020104 63 488 SH   SOLE   488 0 0
Centene Corp COM 15135B101 91 1,138 SH   SOLE   1,138 0 0
Chatham Lodging Trust COM 16208T102 48 2,400 SH   SOLE   2,400 0 0
Chemed Corp COM 16359R103 31 153 SH   SOLE   153 0 0
Citigroup Inc COM NEW 172967424 63 949 SH   SOLE   949 0 0
City Office REIT Inc COM 178587101 75 5,900 SH   SOLE   5,900 0 0
Coach Inc COM 189754104 192 4,056 SH   SOLE   4,056 0 0
Comcast Corp CL A 20030N101 200 5,145 SH   SOLE   5,145 0 0
Conagra Brands Inc COM 205887102 31 855 SH   SOLE   855 0 0
Cooper Cos Inc/The COM NEW 216648402 28 117 SH   SOLE   117 0 0
CoreCivic Inc COM 21871N101 28 1,000 SH   SOLE   1,000 0 0
CoreSite Realty Corp COM 21870Q105 52 500 SH   SOLE   500 0 0
Corporate Office Properties Tr SH BEN INT 22002T108 67 1,900 SH   SOLE   1,900 0 0
Costco Wholesale Corp COM 22160K105 222 1,385 SH   SOLE   1,385 0 0
Crown Castle International Cor NEW COM 22822V101 50 500 SH   SOLE   500 0 0
Ctrip.com International Ltd AMERICAN DEP SHS 22943F100 21,272 394,945 SH   SOLE   394,945 0 0
Ctrip.com International Ltd AMERICAN DEP SHS 22943F100 9,887 183,564 SH   DFND 1 183,564 0 0
CubeSmart COM 229663109 84 3,500 SH   SOLE   3,500 0 0
CyrusOne Inc COM 23283R100 67 1,200 SH   SOLE   1,200 0 0
DCT Industrial Trust Inc COM NEW 233153204 102 1,900 SH   SOLE   1,900 0 0
Deckers Outdoor Corp COM 243537107 54 784 SH   SOLE   784 0 0
Delphi Automotive PLC SHS G27823106 47 531 SH   SOLE   531 0 0
Delta Air Lines Inc COM NEW 247361702 169 3,148 SH   SOLE   3,148 0 0
Digital Realty Trust Inc COM 253868103 56 500 SH   SOLE   500 0 0
Domino's Pizza Inc COM 25754A201 21 99 SH   SOLE   99 0 0
Duke Realty Corp COM NEW 264411505 87 3,096 SH   SOLE   3,096 0 0
EastGroup Properties Inc COM 277276101 25 300 SH   SOLE   300 0 0
Edwards Lifesciences Corp COM 28176E108 34 291 SH   SOLE   291 0 0
Electronic Arts Inc COM 285512109 158 1,495 SH   SOLE   1,495 0 0
Empire State Realty Trust Inc CL A 292104106 87 4,200 SH   SOLE   4,200 0 0
Equity Residential SH BEN INT 29476L107 105 1,600 SH   SOLE   1,600 0 0
Essex Property Trust Inc COM 297178105 70 274 SH   SOLE   274 0 0
ETFS Physical Swiss Gold Share SHS 26922Y105 3,231 26,825 SH   SOLE   26,825 0 0
Expedia Inc COM NEW 30212P303 56 379 SH   SOLE   379 0 0
Extra Space Storage Inc COM 30225T102 122 1,569 SH   SOLE   1,569 0 0
Facebook Inc CL A 30303M102 8,061 53,390 SH   SOLE   53,390 0 0
FelCor Lodging Trust Inc COM 31430F101 40 5,500 SH   SOLE   5,500 0 0
Finisar Corp COM NEW 31787A507 260 10,000 SH   SOLE   10,000 0 0
Forest City Realty Trust Inc COM CL A 345605109 48 2,000 SH   SOLE   2,000 0 0
GGP Inc COM 36174X101 174 7,400 SH   SOLE   7,400 0 0
Global X Robotics & Artificial RBTCS ARTFL INTE 37954Y715 147 7,867 SH   SOLE   7,867 0 0
H&R Block Inc COM 093671105 31 995 SH   SOLE   995 0 0
HCP Inc COM 40414L109 80 2,500 SH   SOLE   2,500 0 0
Healthcare Trust of America In CL A NEW 42225P501 37 1,200 SH   SOLE   1,200 0 0
HealthSouth Corp COM NEW 421924309 93 1,917 SH   SOLE   1,917 0 0
Hersha Hospitality Trust PR SHS BEN INT 427825500 50 2,700 SH   SOLE   2,700 0 0
Hershey Co/The COM 427866108 49 456 SH   SOLE   456 0 0
Hill-Rom Holdings Inc COM 431475102 32 405 SH   SOLE   405 0 0
Hilton Grand Vacations Inc COM 43283X105 75 2,072 SH   SOLE   2,072 0 0
Hilton Worldwide Holdings Inc WHEN ISSUED 43300A203 83 1,350 SH   SOLE   1,350 0 0
Home Depot Inc/The COM 437076102 189 1,231 SH   SOLE   1,231 0 0
Honeywell International Inc COM 438516106 158 1,185 SH   SOLE   1,185 0 0
HSBC HOLDINGS PLC NOTE 6.875%12/3 404280AT6 853 800,000 PRN   DFND 1 800,000 0 0
Hudson Pacific Properties Inc COM 444097109 89 2,600 SH   SOLE   2,600 0 0
Huntsman Corp COM 447011107 109 4,220 SH   SOLE   4,220 0 0
IDEXX Laboratories Inc COM 45168D104 31 192 SH   SOLE   192 0 0
INC Research Holdings Inc CL A 45329R109 42 726 SH   SOLE   726 0 0
Intuit Inc COM 461202103 140 1,051 SH   SOLE   1,051 0 0
Intuitive Surgical Inc COM NEW 46120E602 120 128 SH   SOLE   128 0 0
Invitation Homes Inc COM 46187W107 43 2,000 SH   SOLE   2,000 0 0
ISHARES TR 20 YR TR BD ETF 464287432 33 260 SH   SOLE   260 0 0
ISHARES TR 20 YR TR BD ETF 464287432 325 2,601 SH   DFND 1 2,601 0 0
iShares Europe ETF COM 464287861 331 7,470 SH   SOLE   7,470 0 0
iShares Gold Trust ISHARES 464285105 5,204 435,817 SH   SOLE   435,817 0 0
iShares MSCI All Country Asia MSCI AC ASIA ETF 464288182 1,887 27,978 SH   DFND 1 27,978 0 0
iShares MSCI Emerging Markets MSCI EMG MKT ETF 464287234 1,813 43,799 SH   DFND 1 43,799 0 0
iShares MSCI Eurozone ETF MSCI EURZONE ETF 464286608 1,936 47,999 SH   DFND 1 47,999 0 0
iShares MSCI Poland Capped ETF MSCI POL CAP ETF 46429B606 545 22,458 SH   DFND 1 22,458 0 0
iShares MSCI South Korea Cappe MSCI STH KOR ETF 464286772 2,116 31,203 SH   DFND 1 31,203 0 0
iShares MSCI Taiwan Capped ETF MSCI TAIWAN ETF 46434G772 232 6,486 SH   DFND 1 6,486 0 0
iShares Russell 3000 ETF RUSSELL 3000 ETF 464287689 0 1 SH   SOLE   1 0 0
iShares S&P GSCI Commodity Ind UNIT BEN INT 46428R107 1,179 84,061 SH   SOLE   84,061 0 0
iShares TIPS Bond ETF TIPS BD ETF 464287176 229 2,022 SH   DFND 1 2,022 0 0
Jack Henry & Associates Inc COM 426281101 26 246 SH   SOLE   246 0 0
JD.com Inc SPON ADR CL A 47215P106 28,164 718,091 SH   SOLE   718,091 0 0
JD.com Inc SPON ADR CL A 47215P106 11,200 285,572 SH   DFND 1 285,572 0 0
Johnson & Johnson COM 478160104 46 347 SH   SOLE   347 0 0
JPMorgan Chase & Co COM 46625H100 74 815 SH   SOLE   815 0 0
Kilroy Realty Corp COM 49427F108 88 1,173 SH   SOLE   1,173 0 0
Kimco Realty Corp COM 49446R109 46 2,500 SH   SOLE   2,500 0 0
Kite Realty Group Trust COM NEW 49803T300 64 3,400 SH   SOLE   3,400 0 0
Kronos Worldwide Inc COM 50105F105 88 4,824 SH   SOLE   4,824 0 0
Lear Corp COM NEW 521865204 60 420 SH   SOLE   420 0 0
Liberty Property Trust SH BEN INT 531172104 49 1,200 SH   SOLE   1,200 0 0
Life Storage Inc COM 53223X107 74 1,000 SH   SOLE   1,000 0 0
Lockheed Martin Corp COM 539830109 201 724 SH   SOLE   724 0 0
Macerich Co/The COM 554382101 41 700 SH   SOLE   700 0 0
MACQUARIE BANK LONDON MTNF 6.125%12/3 55608YAC9 1,335 1,300,000 PRN   SOLE   1,300,000 0 0
MACQUARIE BANK LONDON MTNF 6.125%12/3 55608YAC9 5,341 5,200,000 PRN   DFND 1 5,200,000 0 0
ManpowerGroup Inc COM 56418H100 81 725 SH   SOLE   725 0 0
Mastercard Inc CL A 57636Q104 249 2,054 SH   SOLE   2,054 0 0
McDonald's Corp COM 580135101 162 1,057 SH   SOLE   1,057 0 0
McKesson Corp COM 58155Q103 125 759 SH   SOLE   759 0 0
Mettler-Toledo International I COM 592688105 194 329 SH   SOLE   329 0 0
Microsoft Corp COM 594918104 584 8,467 SH   SOLE   8,467 0 0
Mid-America Apartment Communit COM 59522J103 99 939 SH   SOLE   939 0 0
Mohawk Industries Inc COM 608190104 58 238 SH   SOLE   238 0 0
Momo Inc ADR 60879B107 43,300 1,171,535 SH   SOLE   1,171,535 0 0
Momo Inc ADR 60879B107 7,701 208,366 SH   DFND 1 208,366 0 0
Monogram Residential Trust Inc COM 60979P105 58 6,000 SH   SOLE   6,000 0 0
Morgan Stanley COM NEW 617446448 63 1,420 SH   SOLE   1,420 0 0
NCI Inc CL A 62886K104 16 741 SH   SOLE   741 0 0
NetEase Inc SPONSORED ADR 64110W102 11,742 39,059 SH   SOLE   39,059 0 0
NetEase Inc SPONSORED ADR 64110W102 7,806 25,964 SH   DFND 1 25,964 0 0
Netflix Inc COM 64110L106 93 621 SH   SOLE   621 0 0
New Oriental Education & Techn SPON ADR 647581107 36,566 518,738 SH   SOLE   518,738 0 0
New Oriental Education & Techn SPON ADR 647581107 9,296 131,877 SH   DFND 1 131,877 0 0
New York REIT Inc COM 64976L109 68 7,900 SH   SOLE   7,900 0 0
Northrop Grumman Corp COM 666807102 13 49 SH   SOLE   49 0 0
NVIDIA Corp COM 67066G104 33,051 228,633 SH   SOLE   228,633 0 0
Owens-Illinois Inc COM NEW 690768403 42 1,749 SH   SOLE   1,749 0 0
PayPal Holdings Inc COM 70450Y103 154 2,863 SH   SOLE   2,863 0 0
Pennsylvania Real Estate Inves SH BEN INT 709102107 12 1,100 SH   SOLE   1,100 0 0
PepsiCo Inc COM 713448108 176 1,528 SH   SOLE   1,528 0 0
Perrigo Co PLC SHS G97822103 56 745 SH   SOLE   745 0 0
Physicians Realty Trust COM 71943U104 48 2,400 SH   SOLE   2,400 0 0
PowerShares DB Oil Fund DB OIL FUND 73936B507 1,238 153,464 SH   SOLE   153,464 0 0
PowerShares QQQ Trust Series 1 UNIT SER 1 73935A104 309 2,247 SH   SOLE   2,247 0 0
Priceline Group Inc/The COM NEW 741503403 101 54 SH   SOLE   54 0 0
Prologis Inc COM 74340W103 106 1,800 SH   SOLE   1,800 0 0
QTS Realty Trust Inc COM CL A 74736A103 52 1,000 SH   SOLE   1,000 0 0
Quest Diagnostics Inc COM 74834L100 50 450 SH   SOLE   450 0 0
Regency Centers Corp COM 758849103 13 200 SH   SOLE   200 0 0
Regeneron Pharmaceuticals Inc COM 75886F107 28 58 SH   SOLE   58 0 0
Rexford Industrial Realty Inc COM 76169C100 55 2,000 SH   SOLE   2,000 0 0
RMR Group Inc/The CL A 74967R106 0 5 SH   SOLE   5 0 0
Rockwell Collins Inc COM 774341101 24 229 SH   SOLE   229 0 0
S&P Global Inc COM 78409V104 32 219 SH   SOLE   219 0 0
salesforce.com Inc COM 79466L302 55 638 SH   SOLE   638 0 0
Simon Property Group Inc NEW COM 828806109 299 1,851 SH   SOLE   1,851 0 0
SL Green Realty Corp COM 78440X101 148 1,400 SH   SOLE   1,400 0 0
SPDR Gold Shares GOLD SHS 78463V107 6,460 54,738 SH   SOLE   54,738 0 0
SPDR S&P International Energy INTL ENRGY ETF 78463X715 416 23,768 SH   SOLE   23,768 0 0
SPDR S&P500 ETF Trust TR UNIT 78462F103 1,970 8,147 SH   DFND 1 8,147 0 0
Spirit Realty Capital Inc NEW COM 84860W102 123 16,662 SH   SOLE   16,662 0 0
Stryker Corp COM 863667101 56 405 SH   SOLE   405 0 0
Summit Hotel Properties Inc COM 866082100 24 1,300 SH   SOLE   1,300 0 0
Sun Communities Inc COM 866674104 44 500 SH   SOLE   500 0 0
Take-Two Interactive Software COM 874054109 52 713 SH   SOLE   713 0 0
TAL Education Group COM 874080104 43,958 359,395 SH   SOLE   359,395 0 0
TAL Education Group COM 874080104 9,037 73,882 SH   DFND 1 73,882 0 0
Taubman Centers Inc COM 876664103 30 500 SH   SOLE   500 0 0
Terreno Realty Corp COM 88146M101 50 1,500 SH   SOLE   1,500 0 0
Tesla Inc COM 88160R101 25,367 70,149 SH   SOLE   70,149 0 0
Texas Instruments Inc COM 882508104 112 1,451 SH   SOLE   1,451 0 0
UDR Inc COM 902653104 35 900 SH   SOLE   900 0 0
United Continental Holdings In COM 910047109 77 1,027 SH   SOLE   1,027 0 0
United States 12 Month Oil Fun UNIT BEN INT 91288V103 2,397 142,509 SH   SOLE   142,509 0 0
United States Brent Oil Fund L UNIT 91167Q100 1,181 90,855 SH   SOLE   90,855 0 0
United States Oil Fund LP UNITS 91232N108 5,332 561,270 SH   SOLE   561,270 0 0
UnitedHealth Group Inc COM 91324P102 357 1,924 SH   SOLE   1,924 0 0
Uniti Group Inc COM 91325V108 528 21,000 SH   SOLE   21,000 0 0
Uniti Group Inc COM 91325V108 314 12,500 SH   DFND 1 12,500 0 0
Universal Display Corp COM 91347P105 2,185 20,000 SH   SOLE   20,000 0 0
VanEck Vectors Emerging Market EMERGING MKTS HI 92189F353 1,014 41,383 SH   DFND 1 41,383 0 0
VanEck Vectors Gold Miners ETF GOLD MINERS ETF 92189F106 258 11,663 SH   SOLE   11,663 0 0
VanEck Vectors Junior Gold Min JR GOLD MINERS E 92189F791 105 3,136 SH   SOLE   3,136 0 0
Vanguard S&P 500 ETF S&P 500 ETF SHS 922908363 1,815 8,174 SH   DFND 1 8,174 0 0
Veeva Systems Inc CL A COM 922475108 181 2,952 SH   SOLE   2,952 0 0
Ventas Inc COM 92276F100 162 2,333 SH   SOLE   2,333 0 0
Verizon Communications Inc COM 92343V104 77 1,725 SH   SOLE   1,725 0 0
Vertex Pharmaceuticals Inc COM 92532F100 87 678 SH   SOLE   678 0 0
Visa Inc COM CL A 92826C839 239 2,550 SH   SOLE   2,550 0 0
Vornado Realty Trust SH BEN INT 929042109 122 1,300 SH   SOLE   1,300 0 0
Wal-Mart Stores Inc COM 931142103 29 385 SH   SOLE   385 0 0
Washington Prime Group Inc COM 93964W108 17 2,000 SH   SOLE   2,000 0 0
Weibo Corp SPONSORED ADR 948596101 23,265 350,000 SH   SOLE   350,000 0 0
WellCare Health Plans Inc COM 94946T106 237 1,318 SH   SOLE   1,318 0 0
Worthington Industries Inc COM 981811102 49 970 SH   SOLE   970 0 0
Wynn Resorts Ltd COM 983134107 34 256 SH   SOLE   256 0 0
Xenia Hotels & Resorts Inc COM 984017103 50 2,600 SH   SOLE   2,600 0 0
Xilinx Inc COM 983919101 58 899 SH   SOLE   899 0 0
XPO Logistics Inc COM 983793100 64 995 SH   SOLE   995 0 0
YY Inc ADS REPCOM CLA 98426T106 7,885 135,877 SH   SOLE   135,877 0 0
Zebra Technologies Corp CL A 989207105 15 151 SH   SOLE   151 0 0