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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
APPLE INCCOM0378331001,74618,793SH DFND1,218,79300
BALLY TECHNOLOGIES INCCOM05874B1073,96860,381SH DFND1,260,38100
DANA HLDG CORPCOM2358252058,648354,139SH DFND1,2354,13900
FORD MTR CO DELCOM PAR $0.0134537086026,3761,529,924SH DFND1,21,529,92400
GENERAL MTRS COCOM37045V10017,534483,041SH DFND1,2483,04100
GOL LINHAS AEREAS INTLG S ASP ADR REP PFD38045R1071,110202,570SH DFND1,2202,57000
GOODYEAR TIRE & RUBR COCOM38255010130310,896SH DFND1,210,89600
MARKET VECTORS ETF TRGOLD MINER ETF57060U1001,99475,400SH DFND1,275,40000
MARKET VECTORS ETF TRJR GOLD MINERS E57061R5442,25453,333SH DFND1,253,33300
MELCO CROWN ENTMT LTDADR58546410024,194677,517SH DFND1,2677,51700
MICRON TECHNOLOGY INCCOM5951121033129,455SH DFND1,29,45500
NEW ORIENTAL ED & TECH GRP ISPON ADR6475811071,90971,847SH DFND1,271,84700
NORTHSTAR RLTY FIN CORPCOM66704R10010,131582,918SH DFND1,2582,91800
OI S.A.SPN ADR REP PFD6708512033,9594,613,470SH DFND1,24,613,47000
PETROLEO BRASILEIRO SA PETROSPONSORED ADR71654V4081,804123,290SH DFND1,2123,29000
SANDISK CORPCOM80004C1013973,801SH DFND1,23,80100
SILICON MOTION TECHNOLOGY COSPONSORED ADR82706C1084,596224,946SH DFND1,2224,94600
SPDR GOLD TRUSTGOLD SHS78463V10733,531261,878SH DFND1,2261,87800
TENNECO INCCOM88034910511,306172,081SH DFND1,2172,08100
TRW AUTOMOTIVE HLDGS CORPCOM87264S1068,56895,708SH DFND1,295,70800
VIMPELCOM LTDSPONSORED ADR92719A1065,904702,871SH DFND1,2702,87100
YOUKU TUDOU INCSPONSORED ADR98742U1005,268220,768SH DFND1,2220,76800