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
ABBVIE INC COM 00287Y109 11,451 276,991 SH   DFND   276,991 0 0
ACTAVIS INC COM 00507K103 3,663 29,021 SH   DFND   29,021 0 0
ACUITY BRANDS INC COM 00508Y102 6,818 90,242 SH   DFND   90,242 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 12,885 158,932 SH   DFND   158,932 0 0
AETNA INC NEW COM 00817Y108 9,062 142,617 SH   DFND   142,617 0 0
AFFILIATED MANAGERS GROUP NOTE 3.950% 8/1 008252AL2 1,942 1,500,000 PRN   DFND   1,500,000 0 0
AFFORDABLE RESIDENTIAL CMNTY NOTE 7.500% 8/1 00828UAB9 5,050 4,000,000 PRN   DFND   4,000,000 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 5,715 133,654 SH   DFND   133,654 0 0
AGRIUM INC COM 008916108 783 9,000 SH   DFND   9,000 0 0
ALKERMES PLC SHS G01767105 1,552 54,108 SH   DFND   54,108 0 0
ALLEGHENY TECHNOLOGIES INC NOTE 4.250% 6/0 01741RAD4 1,050 1,000,000 PRN   DFND   1,000,000 0 0
ALLERGAN INC COM 018490102 2,951 35,025 SH   DFND   35,025 0 0
AMARIN CORP PLC SPONS ADR NEW 023111206 1,744 300,661 SH   DFND   300,661 0 0
AMAZON COM INC COM 023135106 574 2,066 SH   DFND   2,066 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 796 36,577 SH   DFND   36,577 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,118 25,000 SH   DFND   25,000 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 8,238 199,817 SH   DFND   199,817 0 0
AMGEN INC COM 031162100 785 7,952 SH   DFND   7,952 0 0
AMICUS THERAPEUTICS INC COM 03152W109 292 125,202 SH   DFND   125,202 0 0
AMPHENOL CORP NEW CL A 032095101 3,038 38,973 SH   DFND   38,973 0 0
ANNALY CAP MGMT INC NOTE 5.000% 5/1 035710AB8 5,350 5,310,000 PRN   DFND   5,310,000 0 0
APACHE CORP PFD CONV SER D 037411808 4,730 99,155 SH   DFND   99,155 0 0
APPLE INC COM 037833100 7,535 19,023 SH   DFND   19,023 0 0
ARCELORMITTAL SA LUXEMBOURG MAND CV NT 16 L0302D178 3,746 200,000 SH   DFND   200,000 0 0
ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 16,872 16,700,000 PRN   DFND   16,700,000 0 0
ARM HLDGS PLC SPONSORED ADR 042068106 17,096 472,506 SH   DFND   472,506 0 0
ARM HLDGS PLC SPONSORED ADR 042068106 15,174 419,400 SH Call DFND   419,400 0 0
ARM HLDGS PLC SPONSORED ADR 042068106 50,724 1,402,000 SH Put DFND   1,402,000 0 0
ARRAY BIOPHARMA INC NOTE 3.000% 6/0 04269XAA3 950 1,000,000 PRN   DFND   1,000,000 0 0
ASHLAND INC NEW COM 044209104 10,442 124,869 SH   DFND   124,869 0 0
AT&T INC COM 00206R102 840 23,736 SH   DFND   23,736 0 0
ATLANTICUS HLDGS CORP COM 04914Y102 228 63,611 SH   DFND   63,611 0 0
BANK OF AMERICA CORPORATION COM 060505104 2,281 177,349 SH   DFND   177,349 0 0
BELLATRIX EXPLORATION LTD COM 078314101 1,116 182,590 SH   DFND   182,590 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 2,238 20,000 SH   DFND   20,000 0 0
BEST BUY INC COM 086516101 11,897 435,326 SH   DFND   435,326 0 0
BIOGEN IDEC INC COM 09062X103 238 1,105 SH   DFND   1,105 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 1,970 35,315 SH   DFND   35,315 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 50,831 18,250,000 PRN   DFND   18,250,000 0 0
BLUE WOLF MONGOLIA HOLDINGS *W EXP 07/20/201 G11962118 100 250,000 SH   DFND   250,000 0 0
BMC SOFTWARE INC COM 055921100 20,214 447,813 SH   DFND   447,813 0 0
BOEING CO COM 097023105 2,063 20,135 SH   DFND   20,135 0 0
BRE PROPERTIES INC CL A 05564E106 4,702 94,000 SH Call DFND   94,000 0 0
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 4,762 215,839 SH   DFND   215,839 0 0
CABOT OIL & GAS CORP COM 127097103 1,491 20,996 SH   DFND   20,996 0 0
CANADIAN PAC RY LTD COM 13645T100 16,067 132,372 SH   DFND   132,372 0 0
CAPITOL ACQUISITION CORP II UNIT 99/99/9999 14056V204 5,045 500,000 SH   DFND   500,000 0 0
CATAMARAN CORP COM 148887102 2,446 50,215 SH   DFND   50,215 0 0
CEMEX SAB DE CV NOTE 3.250% 3/1 151290BB8 15,382 12,650,000 PRN   DFND   12,650,000 0 0
CEMEX SAB DE CV NOTE 3.750% 3/1 151290BC6 15,357 12,455,000 PRN   DFND   12,455,000 0 0
CEMEX SAB DE CV NOTE 4.875% 3/1 151290AV5 5,834 5,035,000 PRN   DFND   5,035,000 0 0
CENTRAL EUROPEAN MEDIA NOTE 5.000%11/1 153443AH9 24,012 24,755,000 PRN   DFND   24,755,000 0 0
CHENIERE ENERGY INC COM NEW 16411R208 8,038 289,582 SH   DFND   289,582 0 0
CIGNA CORPORATION COM 125509109 7,535 103,945 SH   DFND   103,945 0 0
CIS ACQUISITION LTD UNIT 99/99/9999 G21490506 2,024 200,000 SH   DFND   200,000 0 0
CISCO SYS INC COM 17275R102 44,060 1,812,404 SH   DFND   1,812,404 0 0
CITIGROUP INC *W EXP 01/04/201 172967226 2,658 3,381,640 SH   DFND   3,381,640 0 0
CITIGROUP INC *W EXP 10/28/201 172967234 425 5,000,000 SH   DFND   5,000,000 0 0
CITIGROUP INC COM NEW 172967424 24,097 502,345 SH   DFND   502,345 0 0
CITIGROUP INC COM NEW 172967424 20,733 432,200 SH Call DFND   432,200 0 0
CLEARWIRE CORP NEW CL A 18538Q105 8,209 1,648,305 SH   DFND   1,648,305 0 0
CME GROUP INC COM 12572Q105 32,823 432,000 SH Call DFND   432,000 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 16,293 15,350,000 PRN   DFND   15,350,000 0 0
COMPUCREDIT HLDGS CORP NOTE 5.875%11/3 20478NAD2 12,827 29,488,000 PRN   DFND   29,488,000 0 0
CONAGRA FOODS INC COM 205887102 3,766 107,828 SH   DFND   107,828 0 0
CONCHO RES INC COM 20605P101 1,762 21,046 SH   DFND   21,046 0 0
CONCUR TECHNOLOGIES INC COM 206708109 569 6,992 SH   DFND   6,992 0 0
CONTINENTAL RESOURCES INC COM 212015101 305 3,547 SH   DFND   3,547 0 0
COVANTA HLDG CORP NOTE 3.250% 6/0 22282EAC6 6,114 4,750,000 PRN   DFND   4,750,000 0 0
CUBIST PHARMACEUTICALS INC NOTE 2.500%11/0 229678AD9 8,836 5,000,000 PRN   DFND   5,000,000 0 0
D R HORTON INC NOTE 2.000% 5/1 23331ABB4 24,984 15,000,000 PRN   DFND   15,000,000 0 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 42,650 353,064 SH   DFND   353,064 0 0
DEERE & CO COM 244199105 366 4,500 SH   DFND   4,500 0 0
DELL INC COM 24702R101 16,456 1,232,696 SH   DFND   1,232,696 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 900 17,756 SH   DFND   17,756 0 0
DEVELOPERS DIVERSIFIED RLTY NOTE 1.750%11/1 251591AX1 35,119 30,000,000 PRN   DFND   30,000,000 0 0
DIAMOND FOODS INC COM 252603105 899 43,326 SH   DFND   43,326 0 0
DIAMONDBACK ENERGY INC COM 25278X109 1,130 33,912 SH   DFND   33,912 0 0
DIRECTV COM 25490A309 616 10,000 SH   DFND   10,000 0 0
DISCOVER FINL SVCS COM 254709108 44,438 932,779 SH   DFND   932,779 0 0
DISNEY WALT CO COM DISNEY 254687106 11,534 182,640 SH   DFND   182,640 0 0
DOLLAR GEN CORP NEW COM 256677105 945 18,735 SH   DFND   18,735 0 0
DOMINION RES INC VA NEW COM 25746U109 343 6,033 SH   DFND   6,033 0 0
DRYSHIPS INC. NOTE 5.000%12/0 262498AB4 18,738 21,000,000 PRN   DFND   21,000,000 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 465 6,892 SH   DFND   6,892 0 0
E M C CORP MASS COM 268648102 4,371 185,044 SH   DFND   185,044 0 0
E M C CORP MASS NOTE 1.750%12/0 268648AM4 3,688 2,500,000 PRN   DFND   2,500,000 0 0
EATON CORP PLC SHS G29183103 1,345 20,438 SH   DFND   20,438 0 0
EBAY INC COM 278642103 29,750 575,222 SH   DFND   575,222 0 0
ELAN PLC ADR 284131208 5,429 383,967 SH   DFND   383,967 0 0
ELECTRONIC ARTS INC NOTE 0.750% 7/1 285512AA7 17,842 17,170,000 PRN   DFND   17,170,000 0 0
EMERSON ELEC CO COM 291011104 1,170 21,444 SH   DFND   21,444 0 0
ENERSIS S A SPONSORED ADR 29274F104 423 25,851 SH   DFND   25,851 0 0
EQUIFAX INC COM 294429105 25,643 435,148 SH   DFND   435,148 0 0
EXPEDIA INC DEL COM NEW 30212P303 1,316 21,875 SH   DFND   21,875 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 5,408 87,667 SH   DFND   87,667 0 0
EXXON MOBIL CORP COM 30231G102 379 4,200 SH   DFND   4,200 0 0
F5 NETWORKS INC COM 315616102 0 1 SH   DFND   1 0 0
FACEBOOK INC CL A 30303M102 36,089 1,451,700 SH Call DFND   1,451,700 0 0
FACEBOOK INC CL A 30303M102 41,613 1,673,883 SH   DFND   1,673,883 0 0
FEDEX CORP COM 31428X106 695 7,057 SH   DFND   7,057 0 0
FEDEX CORP COM 31428X106 986 10,000 SH Call DFND   10,000 0 0
FIDELITY NATIONAL FINANCIAL NOTE 4.250% 8/1 31620RAE5 6,569 5,000,000 PRN   DFND   5,000,000 0 0
FIRSTENERGY CORP COM 337932107 13,193 353,323 SH   DFND   353,323 0 0
FOOT LOCKER INC COM 344849104 22,051 627,737 SH   DFND   627,737 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 4,014 145,389 SH   DFND   145,389 0 0
GENERAC HLDGS INC COM 368736104 1,244 33,616 SH   DFND   33,616 0 0
GENERAL CABLE CORP DEL NEW FRNT 4.500%11/1 369300AL2 3,316 3,000,000 PRN   DFND   3,000,000 0 0
GENERAL MLS INC COM 370334104 8,556 176,308 SH   DFND   176,308 0 0
GENERAL MTRS CO COM 37045V100 3,587 107,678 SH   DFND   107,678 0 0
GENWORTH FINL INC COM CL A 37247D106 2 182 SH   DFND   182 0 0
GILEAD SCIENCES INC COM 375558103 11,725 228,930 SH   DFND   228,930 0 0
GILEAD SCIENCES INC NOTE 1.625% 5/0 375558AP8 28,328 12,500,000 PRN   DFND   12,500,000 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 441 8,835 SH   DFND   8,835 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 4,161 413,581 SH   DFND   413,581 0 0
GNC HLDGS INC COM CL A 36191G107 963 21,785 SH   DFND   21,785 0 0
GOLDCORP INC NEW NOTE 2.000% 8/0 380956AB8 9,377 9,270,000 PRN   DFND   9,270,000 0 0
GOLDEN STAR RES LTD CDA DEBT 5.000% 6/0 38119TAE4 16,200 24,270,000 PRN   DFND   24,270,000 0 0
GOODRICH PETE CORP NOTE 5.000%10/0 382410AC2 18,469 18,515,000 PRN   DFND   18,515,000 0 0
GOOGLE INC CL A 38259P508 26,176 29,734 SH   DFND   29,734 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 68,462 2,403,872 SH   DFND   2,403,872 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 522 21,000 SH   DFND   21,000 0 0
GT ADVANCED TECHNOLOGIES INC NOTE 3.000%10/0 36191UAA4 2,992 3,500,000 PRN   DFND   3,500,000 0 0
HANWHA SOLARONE CO LTD SPONSORED ADR 41135V103 1,071 512,617 SH   DFND   512,617 0 0
HEALTH MGMT ASSOC INC NEW CL A 421933102 1,958 124,561 SH   DFND   124,561 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 803 32,365 SH   DFND   32,365 0 0
HESS CORP COM 42809H107 1,246 18,746 SH   DFND   18,746 0 0
HF2 FINL MGMT INC CL A 40421A104 5,055 500,000 SH   DFND   500,000 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AA9 2,793 2,800,000 PRN   DFND   2,800,000 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 6,176 5,550,000 PRN   DFND   5,550,000 0 0
HOME DEPOT INC COM 437076102 18,163 234,449 SH   DFND   234,449 0 0
HONEYWELL INTL INC COM 438516106 309 3,900 SH   DFND   3,900 0 0
HUMANA INC COM 444859102 1,322 15,664 SH   DFND   15,664 0 0
HYDE PK ACQUISITION CORP II COM 448640102 2,592 250,000 SH   DFND   250,000 0 0
ILLUMINA INC COM 452327109 420 5,616 SH   DFND   5,616 0 0
INGREDION INC COM 457187102 14,799 225,424 SH   DFND   225,424 0 0
INTEL CORP COM 458140100 81,277 3,355,800 SH Call DFND   3,355,800 0 0
INTEL CORP SDCV 2.950%12/1 458140AD2 11,851 10,920,000 PRN   DFND   10,920,000 0 0
INTEL CORP SDCV 3.250% 8/0 458140AF7 24,779 19,470,000 PRN   DFND   19,470,000 0 0
INTERMUNE INC NOTE 2.500% 9/1 45884XAE3 8,238 10,000,000 PRN   DFND   10,000,000 0 0
INTERNATIONAL GAME TECHNOLOG NOTE 3.250% 5/0 459902AQ5 10,267 9,632,000 PRN   DFND   9,632,000 0 0
ISHARES TR DJ BROKER-DEAL 464288794 5,540 180,000 SH   DFND   180,000 0 0
ISHARES TR FTSE CHINA25 IDX 464287184 2,439 75,000 SH Call DFND   75,000 0 0
ISHARES TR FTSE CHINA25 IDX 464287184 16,260 500,000 SH Put DFND   500,000 0 0
ISHARES TR MSCI EMERG MKT 464287234 53,774 1,394,200 SH Call DFND   1,394,200 0 0
ISHARES TR MSCI EMERG MKT 464287234 34,713 900,000 SH Put DFND   900,000 0 0
ISHARES TR TRANSP AVE IDX 464287192 353 3,216 SH   DFND   3,216 0 0
JAMES RIVER COAL CO NOTE 3.125% 3/1 470355AH1 887 3,000,000 PRN   DFND   3,000,000 0 0
JINKOSOLAR HLDG CO LTD NOTE 4.000% 5/1 47759TAA8 12,572 17,960,000 PRN   DFND   17,960,000 0 0
JOY GLOBAL INC COM 481165108 230 4,747 SH   DFND   4,747 0 0
KRAFT FOODS GROUP INC COM 50076Q106 9 165 SH   DFND   165 0 0
LAM RESEARCH CORP COM 512807108 4,434 100,000 SH Call DFND   100,000 0 0
LAM RESEARCH CORP COM 512807108 5,544 125,038 SH   DFND   125,038 0 0
LAS VEGAS SANDS CORP COM 517834107 5,985 113,067 SH   DFND   113,067 0 0
LAS VEGAS SANDS CORP COM 517834107 3,223 60,900 SH Call DFND   60,900 0 0
LIBERTY MEDIA CORP DEB 3.500% 1/1 530715AN1 26,062 50,000,000 PRN   DFND   50,000,000 0 0
LIFE TECHNOLOGIES CORP COM 53217V109 3,700 50,000 SH   DFND   50,000 0 0
LIFEPOINT HOSPITALS INC NOTE 3.500% 5/1 53219LAH2 5,150 4,750,000 PRN   DFND   4,750,000 0 0
LILLY ELI & CO COM 532457108 261 5,317 SH   DFND   5,317 0 0
LINEAR TECHNOLOGY CORP NOTE 3.000% 5/0 535678AC0 10,999 10,500,000 PRN   DFND   10,500,000 0 0
LINKEDIN CORP COM CL A 53578A108 1,265 7,096 SH   DFND   7,096 0 0
LOWES COS INC COM 548661107 2,910 71,143 SH   DFND   71,143 0 0
LULULEMON ATHLETICA INC COM 550021109 1,125 17,173 SH   DFND   17,173 0 0
LULULEMON ATHLETICA INC COM 550021109 2,287 34,900 SH Call DFND   34,900 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 6 90 SH   DFND   90 0 0
MADISON SQUARE GARDEN CO CL A 55826P100 2,395 40,421 SH   DFND   40,421 0 0
MANCHESTER UTD PLC NEW ORD CL A G5784H106 16,286 1,023,003 SH   DFND   1,023,003 0 0
MANNKIND CORP NOTE 3.750%12/1 56400PAA0 14,512 15,000,000 PRN   DFND   15,000,000 0 0
MANPOWERGROUP INC COM 56418H100 309 5,637 SH   DFND   5,637 0 0
MARATHON OIL CORP COM 565849106 3,038 87,861 SH   DFND   87,861 0 0
MARATHON PETE CORP COM 56585A102 811 11,420 SH   DFND   11,420 0 0
MARKET VECTORS ETF TR HG YLD MUN ETF 57060U878 69 2,274 SH   DFND   2,274 0 0
MASTEC INC COM 576323109 373 11,343 SH   DFND   11,343 0 0
MASTERCARD INC CL A 57636Q104 28,960 50,409 SH   DFND   50,409 0 0
MCKESSON CORP COM 58155Q103 3,634 31,734 SH   DFND   31,734 0 0
MEDASSETS INC COM 584045108 468 26,381 SH   DFND   26,381 0 0
MEDIVATION INC COM 58501N101 2,024 41,146 SH   DFND   41,146 0 0
MELCO CROWN ENTMT LTD ADR 585464100 0 1 SH   DFND   1 0 0
METHANEX CORP COM 59151K108 1,391 32,494 SH   DFND   32,494 0 0
METHANEX CORP COM 59151K108 1,510 35,300 SH Call DFND   35,300 0 0
MGIC INVT CORP WIS NOTE 2.000% 4/0 552848AE3 3,943 3,500,000 PRN   DFND   3,500,000 0 0
MGM RESORTS INTERNATIONAL NOTE 4.250% 4/1 55303QAE0 9,077 8,135,000 PRN   DFND   8,135,000 0 0
MICRON TECHNOLOGY INC COM 595112103 2,906 202,800 SH   DFND   202,800 0 0
MICRON TECHNOLOGY INC NOTE 1.875% 6/0 595112AH6 1,135 1,000,000 PRN   DFND   1,000,000 0 0
MICROSOFT CORP COM 594918104 1,053 30,500 SH   DFND   30,500 0 0
MICROSOFT CORP COM 594918104 40,269 1,166,200 SH Call DFND   1,166,200 0 0
MOLSON COORS BREWING CO NOTE 2.500% 7/3 60871RAA8 15,829 15,670,000 PRN   DFND   15,670,000 0 0
MOLYCORP INC DEL NOTE 3.250% 6/1 608753AA7 4,917 7,100,000 PRN   DFND   7,100,000 0 0
MOLYCORP INC DEL NOTE 5.500% 2/0 608753AH2 1,560 1,500,000 PRN   DFND   1,500,000 0 0
MOLYCORP INC DEL NOTE 6.000% 9/0 608753AF6 13,175 17,000,000 PRN   DFND   17,000,000 0 0
MONDELEZ INTL INC CL A 609207105 14 497 SH   DFND   497 0 0
MYLAN INC COM 628530107 232 7,462 SH   DFND   7,462 0 0
NABORS INDUSTRIES LTD SHS G6359F103 1,096 71,571 SH   DFND   71,571 0 0
NAVISTAR INTL CORP NEW NOTE 3.000%10/1 63934EAL2 3,957 4,075,000 PRN   DFND   4,075,000 0 0
NCR CORP NEW COM 62886E108 2,785 84,418 SH   DFND   84,418 0 0
NETAPP INC COM 64110D104 2,750 72,800 SH   DFND   72,800 0 0
NETSUITE INC COM 64118Q107 12,796 139,480 SH   DFND   139,480 0 0
NEWMONT MINING CORP NOTE 1.625% 7/1 651639AJ5 10,936 10,215,000 PRN   DFND   10,215,000 0 0
NOKIA CORP SPONSORED ADR 654902204 6,262 1,674,300 SH Put DFND   1,674,300 0 0
NORDSON CORP COM 655663102 6,194 89,361 SH   DFND   89,361 0 0
O REILLY AUTOMOTIVE INC NEW COM 67103H107 5,079 45,095 SH   DFND   45,095 0 0
ODYSSEY MARINE EXPLORATION I COM 676118102 1,071 361,955 SH   DFND   361,955 0 0
PALL CORP COM 696429307 375 5,650 SH   DFND   5,650 0 0
PENNEY J C INC COM 708160106 4,169 244,113 SH   DFND   244,113 0 0
PENTAIR LTD SHS H6169Q108 654 11,340 SH   DFND   11,340 0 0
PERKINELMER INC COM 714046109 16,429 505,502 SH   DFND   505,502 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 2,931 26,481 SH   DFND   26,481 0 0
PFIZER INC COM 717081103 2,858 102,037 SH   DFND   102,037 0 0
PHILIP MORRIS INTL INC COM 718172109 1,085 12,516 SH   DFND   12,516 0 0
PIONEER NAT RES CO COM 723787107 295 2,037 SH   DFND   2,037 0 0
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 225 10,000 SH   DFND   10,000 0 0
PPG INDS INC COM 693506107 2,441 16,671 SH   DFND   16,671 0 0
PRICELINE COM INC COM NEW 741503403 1,658 2,004 SH   DFND   2,004 0 0
PRICELINE COM INC DEBT 1.000% 3/1 741503AQ9 8,406 7,200,000 PRN   DFND   7,200,000 0 0
PROLOGIS NOTE 3.250% 3/1 74340XAT8 8,517 7,400,000 PRN   DFND   7,400,000 0 0
PROMOTORA DE INFORMACIONES S ADR CL A SHS 74343G204 133 126,562 SH   DFND   126,562 0 0
PROMOTORA DE INFORMACIONES S ADR CL B CONV 74343G303 210 187,500 SH   DFND   187,500 0 0
PROSPECT CAPITAL CORPORATION MTNF 5.375%10/1 74348TAK8 1,564 1,500,000 PRN   DFND   1,500,000 0 0
QIAGEN NV REG SHS N72482107 20,327 1,020,937 SH   DFND   1,020,937 0 0
QIWI PLC SPON ADR REP B 74735M108 12,323 531,151 SH   DFND   531,151 0 0
QLIK TECHNOLOGIES INC COM 74733T105 22,432 793,475 SH   DFND   793,475 0 0
QUALCOMM INC COM 747525103 3,603 58,990 SH   DFND   58,990 0 0
QUICKSILVER RESOURCES INC COM 74837R104 37 22,000 SH   DFND   22,000 0 0
QUINTILES TRANSNATIO HLDGS I COM 74876Y101 4,741 111,406 SH   DFND   111,406 0 0
RADIAN GROUP INC COM 750236101 290 25,000 SH   DFND   25,000 0 0
RADIAN GROUP INC NOTE 3.000%11/1 750236AK7 13,174 10,500,000 PRN   DFND   10,500,000 0 0
RANGE RES CORP COM 75281A109 617 7,976 SH   DFND   7,976 0 0
RED HAT INC COM 756577102 604 12,636 SH   DFND   12,636 0 0
REDWOOD TR INC COM 758075402 510 30,000 SH   DFND   30,000 0 0
RENESOLA LTD SPONS ADS 75971T103 171 79,994 SH   DFND   79,994 0 0
ROBERT HALF INTL INC COM 770323103 960 28,897 SH   DFND   28,897 0 0
RTI INTL METALS INC NOTE 1.625%10/1 74973WAB3 711 750,000 PRN   DFND   750,000 0 0
SALESFORCE COM INC COM 79466L302 4,733 123,958 SH   DFND   123,958 0 0
SALIX PHARMACEUTICALS INC NOTE 1.500% 3/1 795435AE6 7,317 6,110,000 PRN   DFND   6,110,000 0 0
SANDISK CORP NOTE 1.500% 8/1 80004CAD3 13,757 10,270,000 PRN   DFND   10,270,000 0 0
SEADRILL LIMITED SHS G7945E105 7,098 176,765 SH   DFND   176,765 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 698 12,376 SH   DFND   12,376 0 0
SERVICENOW INC COM 81762P102 54,682 1,353,846 SH   DFND   1,353,846 0 0
SHIRE PLC SPONSORED ADR 82481R106 922 9,693 SH   DFND   9,693 0 0
SINA CORP ORD G81477104 272 4,891 SH   DFND   4,891 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 346 17,000 SH   DFND   17,000 0 0
SMUCKER J M CO COM NEW 832696405 691 6,700 SH   DFND   6,700 0 0
SOLARFUN POWER HOLDINGS CO L NOTE 3.500% 1/1 83415UAB4 24,109 28,115,000 PRN   DFND   28,115,000 0 0
SOUTHWESTERN ENERGY CO COM 845467109 1,663 45,513 SH   DFND   45,513 0 0
SPDR SERIES TRUST S&P CAP MKTS 78464A771 4,555 114,000 SH   DFND   114,000 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 1,945 66,100 SH   DFND   66,100 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 2,526 43,412 SH   DFND   43,412 0 0
SPLUNK INC COM 848637104 58,985 1,272,320 SH   DFND   1,272,320 0 0
SPRINT NEXTEL CORP COM SER 1 852061100 3,932 560,111 SH   DFND   560,111 0 0
STARBUCKS CORP COM 855244109 4,169 63,655 SH   DFND   63,655 0 0
STARWOOD PPTY TR INC NOTE 4.550% 3/0 85571BAA3 6,729 6,500,000 PRN   DFND   6,500,000 0 0
TABLEAU SOFTWARE INC CL A 87336U105 11,270 203,348 SH   DFND   203,348 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 103,782 5,664,950 SH   DFND   5,664,950 0 0
TESLA MTRS INC NOTE 1.500% 6/0 88160RAA9 16,525 14,700,000 PRN   DFND   14,700,000 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 11,084 282,766 SH   DFND   282,766 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 5,782 68,321 SH   DFND   68,321 0 0
TOLL BROTHERS INC COM 889478103 3,674 112,605 SH   DFND   112,605 0 0
TOTAL SYS SVCS INC COM 891906109 5,712 233,332 SH   DFND   233,332 0 0
TRACTOR SUPPLY CO COM 892356106 6,778 57,611 SH   DFND   57,611 0 0
TRANSPORTADORA DE GAS SUR SPON ADR B 893870204 31 17,500 SH   DFND   17,500 0 0
TRINA SOLAR LIMITED NOTE 4.000% 7/1 89628EAA2 8,955 9,000,000 PRN   DFND   9,000,000 0 0
TRINITY INDS INC NOTE 3.875% 6/0 896522AF6 1,166 1,000,000 PRN   DFND   1,000,000 0 0
TYCO INTERNATIONAL LTD SHS H89128104 2,109 64,000 SH Call DFND   64,000 0 0
UAL CORP NOTE 6.000%10/1 902549AJ3 51,061 14,000,000 PRN   DFND   14,000,000 0 0
UNITED STATES STL CORP NEW NOTE 4.000% 5/1 912909AE8 19,443 18,955,000 PRN   DFND   18,955,000 0 0
URBAN OUTFITTERS INC COM 917047102 773 19,210 SH   DFND   19,210 0 0
USEC INC NOTE 3.000%10/0 90333EAC2 2,530 11,000,000 PRN   DFND   11,000,000 0 0
VISA INC COM CL A 92826C839 68,266 373,527 SH   DFND   373,527 0 0
VISTEON CORP COM NEW 92839U206 1,910 30,253 SH   DFND   30,253 0 0
VMWARE INC CL A COM 928563402 5,197 77,568 SH   DFND   77,568 0 0
VMWARE INC CL A COM 928563402 16,480 246,000 SH Call DFND   246,000 0 0
VOLCANO CORPORATION NOTE 1.750%12/0 928645AB6 7,780 8,500,000 PRN   DFND   8,500,000 0 0
WABCO HLDGS INC COM 92927K102 1,330 17,805 SH   DFND   17,805 0 0
WALGREEN CO COM 931422109 33,837 765,532 SH   DFND   765,532 0 0
WARNER CHILCOTT PLC IRELAND SHS A G94368100 27,908 1,403,843 SH   DFND   1,403,843 0 0
WELLPOINT INC COM 94973V107 294 3,588 SH   DFND   3,588 0 0
WELLS FARGO & CO NEW COM 949746101 1,659 40,200 SH   DFND   40,200 0 0
WESCO INTL INC COM 95082P105 4,032 59,326 SH   DFND   59,326 0 0
WHIRLPOOL CORP COM 963320106 8,809 76,873 SH   DFND   76,873 0 0
WHITING PETE CORP NEW COM 966387102 3,255 70,627 SH   DFND   70,627 0 0
WORKDAY INC CL A 98138H101 12,995 202,766 SH   DFND   202,766 0 0
ZIONS BANCORPORATION *W EXP 05/22/202 989701115 1,140 198,360 SH   DFND   198,360 0 0
ZOETIS INC CL A 98978V103 993 32,157 SH   DFND   32,157 0 0