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
YANDEX NV A COMMON STOCK B5BSZB3 92,596 2,145,911 SH   DFND 1,2 2,145,911 0 0
WHIRLPOOL CORP COMMON STOCK 963320106 14,227 90,700 SH   DFND 1,2 90,700 0 0
WASTE CONNECTIONS INC COMMON STOCK 941053100 497 11,400 SH   DFND 1,2 11,400 0 0
VISA INC CL A COMMON STOCK 92826C839 23,075 103,625 SH   DFND 1,2 103,625 0 0
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 143 2,900 SH   DFND 1,2 2,900 0 0
VERISIGN INC COMMON STOCK 92343E102 35,240 589,500 SH   DFND 1,2 589,500 0 0
UNITED TECHNOLOGIES CORP COMMON STOCK 913017109 9,292 81,650 SH   DFND 1,2 81,650 0 0
UNILEVER NV NY SHRS COMMON STOCK 904784709 16 400 SH   DFND 1,2 400 0 0
UBS AG NAMEN COMMON STOCK B18YFJ4 9,838 517,143 SH   DFND 1,2 517,143 0 0
TIM PARTICIPACOES SA ON ADR COMMON STOCK 88706P205 813 31,000 SH   DFND 1,2 31,000 0 0
TIFFANY & CO COMMON STOCK 886547108 6,133 66,100 SH   DFND 1,2 66,100 0 0
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 1,256 28,600 SH   DFND 1,2 28,600 0 0
TENARIS SA ADR COMMON STOCK 88031M109 21,249 486,360 SH   DFND 1,2 486,360 0 0
TAIWAN SEMICONDUCTOR MFG CO ADR COMMON STOCK 874039100 904 51,815 SH   DFND 1,2 51,815 0 0
SUN LIFE FINANCIAL INC COMMON STOCK 866796105 95 2,700 SH   DFND 1,2 2,700 0 0
STARBUCKS CORP COMMON STOCK 855244109 17,372 221,613 SH   DFND 1,2 221,613 0 0
SK TELECOM ADR COMMON STOCK 78440P108 1,145 46,500 SH   DFND 1,2 46,500 0 0
SIRIUS XM HOLDINGS INC COMMON STOCK 82968B103 1,624 465,400 SH   DFND 1,2 465,400 0 0
SIGNET JEWELERS LTD (GBP) COMMON STOCK B3C9VJ1 737 9,325 SH   DFND 1,2 9,325 0 0
SIGNET JEWELERS LTD COMMON STOCK B3CTNK6 1,047 13,300 SH   DFND 1,2 13,300 0 0
SEATTLE GENETICS INC COMMON STOCK 812578102 16,542 414,700 SH   DFND 1,2 414,700 0 0
SEADRILL LTD COMMON STOCK B09RMQ1 14,253 349,238 SH   DFND 1,2 349,238 0 0
SCRIPPS NETWORKS INTERACTIVE INC CL A COMMON STOCK 811065101 2,307 26,700 SH   DFND 1,2 26,700 0 0
SCHLUMBERGER LTD COMMON STOCK 806857108 20,985 232,882 SH   DFND 1,2 232,882 0 0
ROYAL CARIBBEAN CRUISES LTD COMMON STOCK 2754907 13,012 274,400 SH   DFND 1,2 274,400 0 0
ROSS STORES INC COMMON STOCK 778296103 322 4,300 SH   DFND 1,2 4,300 0 0
QUEST DIAGNOSTICS INC COMMON STOCK 74834L100 1,039 19,400 SH   DFND 1,2 19,400 0 0
QUALCOMM INC COMMON STOCK 747525103 349 4,700 SH   DFND 1,2 4,700 0 0
PROGRESSIVE CORP COMMON STOCK 743315103 2,100 77,000 SH   DFND 1,2 77,000 0 0
PROCTER & GAMBLE CO COMMON STOCK 742718109 17,194 211,200 SH   DFND 1,2 211,200 0 0
POLYPORE INTERNATIONAL INC COMMON STOCK 73179V103 6,057 155,700 SH   DFND 1,2 155,700 0 0
PHILIPPINE LDTEL ADR COMMON STOCK 718252604 102 1,700 SH   DFND 1,2 1,700 0 0
PHILIP MORRIS INTERNATIONAL COMMON STOCK 718172109 15,062 172,866 SH   DFND 1,2 172,866 0 0
PFIZER INC COMMON STOCK 717081103 591 19,300 SH   DFND 1,2 19,300 0 0
ORACLE CORP COMMON STOCK 68389X105 29,181 762,700 SH   DFND 1,2 762,700 0 0
ON SEMICONDUCTOR CORP COMMON STOCK 682189105 3,057 371,000 SH   DFND 1,2 371,000 0 0
OI SA PN ADR COMMON STOCK 670851203 11,212 7,051,605 SH   DFND 1,2 7,051,605 0 0
OI SA ON ADR COMMON STOCK 670851104 94 57,360 SH   DFND 1,2 57,360 0 0
NUCOR CORP COMMON STOCK 670346105 775 14,525 SH   DFND 1,2 14,525 0 0
NOVARTIS AG NAMEN ADR COMMON STOCK 66987V109 94 1,165 SH   DFND 1,2 1,165 0 0
NORFOLK SOUTHERN CORP COMMON STOCK 655844108 6,275 67,600 SH   DFND 1,2 67,600 0 0
NOBLE ENERGY INC COMMON STOCK 655044105 14,610 214,500 SH   DFND 1,2 214,500 0 0
NIKE INC CL B COMMON STOCK 654106103 11,780 149,800 SH   DFND 1,2 149,800 0 0
NIELSEN HOLDINGS NV COMMON STOCK B4NTRF5 26,125 569,300 SH   DFND 1,2 569,300 0 0
NEWELL RUBBERMAID INC COMMON STOCK 651229106 9,934 306,500 SH   DFND 1,2 306,500 0 0
NEW ORIENTAL EDU & TECH GRP INC ADR COMMON STOCK 647581107 22,330 708,900 SH   DFND 1,2 708,900 0 0
MOSAIC COMPANY (THE) COMMON STOCK 61945C103 11,780 249,200 SH   DFND 1,2 249,200 0 0
MONSANTO CO COMMON STOCK 61166W101 2,657 22,800 SH   DFND 1,2 22,800 0 0
MINDRAY MEDICAL INTL LTD CL A ADR COMMON STOCK 602675100 9,650 265,400 SH   DFND 1,2 265,400 0 0
MICROSOFT CORP COMMON STOCK 594918104 281 7,500 SH   DFND 1,2 7,500 0 0
MERCURY GENERAL CORP COMMON STOCK 589400100 299 6,020 SH   DFND 1,2 6,020 0 0
MELCO CROWN ENTERTAINMENT LTD ADR COMMON STOCK 585464100 61,446 1,566,700 SH   DFND 1,2 1,566,700 0 0
MARSH & MCLENNAN COMPANIES INC COMMON STOCK 571748102 22,492 465,100 SH   DFND 1,2 465,100 0 0
LYONDELLBASELL INDUSTRIES NV A COMMON STOCK B3SPXZ3 11,207 139,600 SH   DFND 1,2 139,600 0 0
LULULEMON ATHLETICA INC COMMON STOCK 550021109 9,994 169,300 SH   DFND 1,2 169,300 0 0
LENNAR CORP CL A COMMON STOCK 526057104 779 19,700 SH   DFND 1,2 19,700 0 0
LEGGETT & PLATT INC COMMON STOCK 524660107 1,022 33,030 SH   DFND 1,2 33,030 0 0
KLA-TENCOR CORP COMMON STOCK 482480100 2,694 41,800 SH   DFND 1,2 41,800 0 0
JPMORGAN CHASE & CO COMMON STOCK 46625H100 16,679 285,207 SH   DFND 1,2 285,207 0 0
JABIL CIRCUIT INC COMMON STOCK 466313103 4,065 233,100 SH   DFND 1,2 233,100 0 0
ITAU UNIBANCO HOLDING SA PN ADR COMMON STOCK 465562106 48,181 3,550,557 SH   DFND 1,2 3,550,557 0 0
IRON MOUNTAIN INC COMMON STOCK 462846106 7,253 238,968 SH   DFND 1,2 238,968 0 0
INTERNATIONAL BUSINESS MACHINES CORP COMMON STOCK 459200101 304 1,620 SH   DFND 1,2 1,620 0 0
INTERCONTINENTALEXCHANGE GROUP INC COMMON STOCK 45866F104 6,722 29,884 SH   DFND 1,2 29,884 0 0
INFOSYS LTD ADR COMMON STOCK 456788108 74 1,300 SH   DFND 1,2 1,300 0 0
IDEX CORP COMMON STOCK 45167R104 7,295 98,785 SH   DFND 1,2 98,785 0 0
ICICI BANK LTD ADR COMMON STOCK 45104G104 31,238 840,400 SH   DFND 1,2 840,400 0 0
HUMANA INC COMMON STOCK 444859102 310 3,000 SH   DFND 1,2 3,000 0 0
HOME DEPOT INC COMMON STOCK 437076102 16,287 197,800 SH   DFND 1,2 197,800 0 0
HEXCEL CORPORATION COMMON STOCK 428291108 18,658 417,500 SH   DFND 1,2 417,500 0 0
HDFC BANK LTD ADR COMMON STOCK 40415F101 138 4,000 SH   DFND 1,2 4,000 0 0
HALLIBURTON CO COMMON STOCK 406216101 14,267 281,120 SH   DFND 1,2 281,120 0 0
GRANA Y MONTERO SAA ADR COMMON STOCK 38500P208 7,547 355,500 SH   DFND 1,2 355,500 0 0
GOOGLE INC CL A COMMON STOCK 38259P508 49,799 44,435 SH   DFND 1,2 44,435 0 0
GOLDMAN SACHS GROUP INC COMMON STOCK 38141G104 50,882 287,050 SH   DFND 1,2 287,050 0 0
GILEAD SCIENCES INC COMMON STOCK 375558103 96,643 1,286,000 SH   DFND 1,2 1,286,000 0 0
GERDAU SA PN ADR COMMON STOCK 373737105 47,626 6,074,700 SH   DFND 1,2 6,074,700 0 0
GENPACT LTD COMMON STOCK B23DBK6 24,320 1,323,900 SH   DFND 1,2 1,323,900 0 0
GENERAL ELECTRIC CO COMMON STOCK 369604103 188 6,700 SH   DFND 1,2 6,700 0 0
GANNETT CO INC COMMON STOCK 364730101 710 24,000 SH   DFND 1,2 24,000 0 0
FREESCALE SEMICONDUCTOR LTD COMMON STOCK B4349B0 3,557 221,600 SH   DFND 1,2 221,600 0 0
FREEPORT-MCMORAN COPPER & GOLD COMMON STOCK 35671D857 4,460 118,186 SH   DFND 1,2 118,186 0 0
EXPRESS SCRIPTS HOLDING CO COMMON STOCK 30219G108 14,778 210,400 SH   DFND 1,2 210,400 0 0
ENSCO PLC CL A COMMON STOCK B4VLR19 63,590 1,112,100 SH   DFND 1,2 1,112,100 0 0
ENERSIS SA ADR COMMON STOCK 29274F104 27,244 1,817,485 SH   DFND 1,2 1,817,485 0 0
ENBRIDGE INC COMMON STOCK 29250N105 14,393 329,500 SH   DFND 1,2 329,500 0 0
EMERSON ELECTRIC CO COMMON STOCK 291011104 382 5,440 SH   DFND 1,2 5,440 0 0
EDISON INTERNATIONAL COMMON STOCK 281020107 259 5,600 SH   DFND 1,2 5,600 0 0
EATON CORP PLC COMMON STOCK B8KQN82 35,366 464,608 SH   DFND 1,2 464,608 0 0
DREAMWORKS ANIMATION SKG INC CL A COMMON STOCK 26153C103 5,378 151,494 SH   DFND 1,2 151,494 0 0
DOW CHEMICAL CO COMMON STOCK 260543103 173 3,900 SH   DFND 1,2 3,900 0 0
DISCOVERY COMMUNICATIONS INC CL A COMMON STOCK 25470F104 253 2,800 SH   DFND 1,2 2,800 0 0
DEUTSCHE BANK AG NAMEN COMMON STOCK 5750355 11,040 231,079 SH   DFND 1,2 231,079 0 0
DELPHI AUTOMOTIVE PLC COMMON STOCK B783TY6 17,895 297,600 SH   DFND 1,2 297,600 0 0
DARDEN RESTAURANTS INC COMMON STOCK 237194105 1,207 22,200 SH   DFND 1,2 22,200 0 0
DANAHER CORP COMMON STOCK 235851102 41,850 542,100 SH   DFND 1,2 542,100 0 0
CONOCOPHILLIPS COMMON STOCK 20825C104 601 8,500 SH   DFND 1,2 8,500 0 0
COMCAST CORP CL A COMMON STOCK 20030N101 15,953 307,000 SH   DFND 1,2 307,000 0 0
COCA-COLA CO COMMON STOCK 191216100 120 2,900 SH   DFND 1,2 2,900 0 0
COBALT INTERNATIONAL ENERGY INC COMMON STOCK 19075F106 33,642 2,045,100 SH   DFND 1,2 2,045,100 0 0
COACH INC COMMON STOCK 189754104 6,853 122,100 SH   DFND 1,2 122,100 0 0
CME GROUP INC CL A COMMON STOCK 12572Q105 19,360 246,754 SH   DFND 1,2 246,754 0 0
CLIFFS NATURAL RESOURCES INC COMMON STOCK 18683K101 2,339 89,250 SH   DFND 1,2 89,250 0 0
CHEVRON CORP COMMON STOCK 166764100 24,084 192,812 SH   DFND 1,2 192,812 0 0
CHARTER COMMUNICATIONS INC CL A COMMON STOCK 16117M305 10,736 78,500 SH   DFND 1,2 78,500 0 0
CERNER CORPORATION COMMON STOCK 156782104 3,735 67,000 SH   DFND 1,2 67,000 0 0
CENTURYLINK INC COMMON STOCK 156700106 685 21,500 SH   DFND 1,2 21,500 0 0
CENTENE CORP COMMON STOCK 15135B101 7,834 132,900 SH   DFND 1,2 132,900 0 0
CENOVUS ENERGY INC COMMON STOCK 15135U109 19,917 696,110 SH   DFND 1,2 696,110 0 0
CEMEX SAB DE CV CPO UNIT ADR (2 A SHRS + 1 B SHR) COMMON STOCK 151290889 53,398 4,513,791 SH   DFND 1,2 4,513,791 0 0
CBS CORP CL B N/V COMMON STOCK 124857202 8,637 135,500 SH   DFND 1,2 135,500 0 0
CATERPILLAR INC COMMON STOCK 149123101 15,093 166,200 SH   DFND 1,2 166,200 0 0
CARNIVAL CORP COMMON PAIRED STOCK UNITS 143658300 4,089 101,800 SH   DFND 1,2 101,800 0 0
CAMECO CORP COMMON STOCK 13321L108 1,900 91,600 SH   DFND 1,2 91,600 0 0
BROADCOM CORP CL A COMMON STOCK 111320107 12,492 421,300 SH   DFND 1,2 421,300 0 0
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 49,849 937,900 SH   DFND 1,2 937,900 0 0
BRF SA ON ADR COMMON STOCK 10552T107 6,470 310,000 SH   DFND 1,2 310,000 0 0
BOEING CO COMMON STOCK 097023105 20,692 151,600 SH   DFND 1,2 151,600 0 0
BLACKROCK INC COMMON STOCK 09247X101 11,638 36,773 SH   DFND 1,2 36,773 0 0
BB&T CORPORATION COMMON STOCK 054937107 15,302 410,010 SH   DFND 1,2 410,010 0 0
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 257 3,700 SH   DFND 1,2 3,700 0 0
BANCO BRADESCO SA PN ADR COMMON STOCK 059460303 33,739 2,692,661 SH   DFND 1,2 2,692,661 0 0
B/E AEROSPACE INC COMMON STOCK 073302101 7,998 91,900 SH   DFND 1,2 91,900 0 0
AVAGO TECHNOLOGIES LTD COMMON STOCK B3WS2X9 11,012 208,200 SH   DFND 1,2 208,200 0 0
AT&T INC COMMON STOCK 00206R102 689 19,600 SH   DFND 1,2 19,600 0 0
ASML HOLDING NV (USD) COMMON STOCK B908F01 2,897 30,919 SH   DFND 1,2 30,919 0 0
ARTHUR J GALLAGHER & CO COMMON STOCK 363576109 995 21,200 SH   DFND 1,2 21,200 0 0
ARCOS DORADOS HOLDINGS INC CL A COMMON STOCK B529PQ0 44,760 3,693,100 SH   DFND 1,2 3,693,100 0 0
APPLE INC COMMON STOCK 037833100 27,424 48,874 SH   DFND 1,2 48,874 0 0
AON PLC CL A COMMON STOCK B5BT0K0 4,169 49,700 SH   DFND 1,2 49,700 0 0
AMERICAN TOWER CORP (REIT) COMMON STOCK 03027X100 30,715 384,800 SH   DFND 1,2 384,800 0 0
AMAZON.COM INC COMMON STOCK 023135106 13,359 33,500 SH   DFND 1,2 33,500 0 0
ALTRIA GROUP INC COMMON STOCK 02209S103 70 1,820 SH   DFND 1,2 1,820 0 0
ALLERGAN INC COMMON STOCK 018490102 2,388 21,500 SH   DFND 1,2 21,500 0 0
ALLEGHENY TECHNOLOGIES INC COMMON STOCK 01741R102 5,651 158,595 SH   DFND 1,2 158,595 0 0
AIR PRODUCTS & CHEMICALS INC COMMON STOCK 009158106 894 8,000 SH   DFND 1,2 8,000 0 0
AFLAC INC COMMON STOCK 001055102 301 4,500 SH   DFND 1,2 4,500 0 0
ACE LTD COMMON STOCK B3BQMF6 12,776 123,400 SH   DFND 1,2 123,400 0 0
ACCENTURE PLC CL A COMMON STOCK B4BNMY3 11,634 141,500 SH   DFND 1,2 141,500 0 0
ABBVIE INC COMMON STOCK 00287Y109 1,083 20,500 SH   DFND 1,2 20,500 0 0