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
ALPHABET INC CAP STK CL C 02079K107 5,403 7,000 SH   DFND   7,000 0 0
AMAZON COM INC COM 023135106 5,549 7,400 SH   DFND   7,400 0 0
PRICESMART INC COM 741511109 768 9,200 SH   DFND   9,200 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 670 10,982 SH   DFND   10,982 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 915 12,000 SH   DFND   12,000 0 0
ISHARES MSCI TURKEY ETF 464286715 419 12,900 SH   DFND   12,900 0 0
ISHARES ALL PERU CAP ETF 464289842 456 13,900 SH   DFND   13,900 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 1,537 17,500 SH   DFND   17,500 0 0
BIO RAD LABS INC CL A 090572207 3,190 17,500 SH   DFND   17,500 0 0
JOHNSON & JOHNSON COM 478160104 2,880 25,000 SH   DFND   25,000 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772 852 29,000 SH   DFND   29,000 0 0
ALLERGAN PLC SHS G0177J108 6,720 32,000 SH   DFND   32,000 0 0
ISHARES TR JP MOR EM MK ETF 464288281 3,812 34,585 SH   DFND   34,585 0 0
YUM CHINA HLDGS INC COM 98850P109 906 34,700 SH   DFND   34,700 0 0
ULTA SALON COSMETCS & FRAG I COM 90384S303 8,923 35,000 SH   DFND   35,000 0 0
YANDEX N V SHS CLASS A N97284108 745 37,000 SH   DFND   37,000 0 0
TORO CO COM 891092108 2,238 40,000 SH   DFND   40,000 0 0
ABIOMED INC COM 003654100 4,507 40,000 SH   DFND   40,000 0 0
SCHEIN HENRY INC COM 806407102 6,068 40,000 SH   DFND   40,000 0 0
CIGNA CORPORATION COM 125509109 5,416 40,602 SH   DFND   40,602 0 0
BLACKROCK INC COM 09247X101 15,602 41,000 SH   DFND   41,000 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 2,709 46,603 SH   DFND   46,603 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 1.500%10/1 09061GAF8 71 60,000 PRN   DFND   60,000 0 0
WEBMD HEALTH CORP COM 94770V102 2,974 60,000 SH   DFND   60,000 0 0
EDWARDS LIFESCIENCES CORP COM 28176E108 5,622 60,000 SH   DFND   60,000 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 1,005 60,713 SH   DFND   60,713 0 0
PFIZER INC COM 717081103 2,274 70,000 SH   DFND   70,000 0 0
STRYKER CORP COM 863667101 8,387 70,000 SH   DFND   70,000 0 0
COHERUS BIOSCIENCES INC COM 19249H103 2,111 75,000 SH   DFND   75,000 0 0
NUVASIVE INC COM 670704105 5,052 75,000 SH   DFND   75,000 0 0
TIFFANY & CO NEW COM 886547108 6,194 80,000 SH   DFND   80,000 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 2,890 80,778 SH   DFND   80,778 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 12,417 88,000 SH   DFND   88,000 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 481 89,100 SH   DFND   89,100 0 0
LA Z BOY INC COM 505336107 2,795 90,000 SH   DFND   90,000 0 0
VCA INC COM 918194101 6,179 90,000 SH   DFND   90,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 7,448 90,000 SH   DFND   90,000 0 0
INTEGRA LIFESCIENCES HLDGS C COM NEW 457985208 7,721 90,000 SH   DFND   90,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.875% 1/1 74348TAM4 103 100,000 PRN   DFND   100,000 0 0
HOLOGIC INC COM 436440101 4,012 100,000 SH   DFND   100,000 0 0
VAIL RESORTS INC COM 91879Q109 18,389 114,000 SH   DFND   114,000 0 0
MACQUARIE INFRASTRUCTURE COR NOTE 2.875% 7/1 55608BAA3 139 120,000 PRN   DFND   120,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 20,805 130,000 SH   DFND   130,000 0 0
ARES CAP CORP NOTE 4.875% 3/1 04010LAG8 151 150,000 PRN   DFND   150,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 4,325 150,000 SH   DFND   150,000 0 0
NUANCE COMMUNICATIONS INC DBCV 1.000%12/1 67020YAK6 145 160,000 PRN   DFND   160,000 0 0
OLD REP INTL CORP NOTE 3.750% 3/1 680223AH7 201 160,000 PRN   DFND   160,000 0 0
LAUDER ESTEE COS INC CL A 518439104 12,238 160,000 SH   DFND   160,000 0 0
CELGENE CORP COM 151020104 18,520 160,000 SH   DFND   160,000 0 0
STARWOOD PPTY TR INC NOTE 4.000% 1/1 85571BAB1 191 170,000 PRN   DFND   170,000 0 0
ISHARES TR MSCI INDIA ETF 46429B598 5,204 194,100 SH   DFND   194,100 0 0
JAZZ INVESTMENTS I LTD NOTE 1.875% 8/1 472145AB7 193 200,000 PRN   DFND   200,000 0 0
ARES CAP CORP NOTE 4.375% 1/1 04010LAM5 208 200,000 PRN   DFND   200,000 0 0
CEMEX SAB DE CV NOTE 3.750% 3/1 151290BC6 225 200,000 PRN   DFND   200,000 0 0
DANAHER CORP DEL COM 235851102 16,346 210,000 SH   DFND   210,000 0 0
DYCOM INDS INC NOTE 0.750% 9/1 267475AB7 240 220,000 PRN   DFND   220,000 0 0
EURONET WORLDWIDE INC NOTE 1.500%10/0 298736AH2 256 220,000 PRN   DFND   220,000 0 0
IMPAX LABORATORIES INC NOTE 2.000% 6/1 45256BAE1 194 245,000 PRN   DFND   245,000 0 0
TEVA PHARMACEUTICAL FIN LLC DBCV 0.250% 2/0 88163VAE9 274 250,000 PRN   DFND   250,000 0 0
STARWOOD PPTY TR INC NOTE 4.550% 3/0 85571BAA3 274 250,000 PRN   DFND   250,000 0 0
BOSTON SCIENTIFIC CORP COM 101137107 5,624 260,000 SH   DFND   260,000 0 0
SERVICENOW INC NOTE 11/0 81762PAB8 330 280,000 PRN   DFND   280,000 0 0
ZOETIS INC CL A 98978V103 14,988 280,000 SH   DFND   280,000 0 0
ILLUMINA INC NOTE 6/1 452327AF6 278 290,000 PRN   DFND   290,000 0 0
JDS UNIPHASE CORP DBCV 0.625% 8/1 46612JAF8 310 300,000 PRN   DFND   300,000 0 0
KKR & CO L P DEL COM UNITS 48248M102 4,617 300,000 SH   DFND   300,000 0 0
RPM INTL INC NOTE 2.250%12/1 749685AT0 373 310,000 PRN   DFND   310,000 0 0
HOLOGIC INC DEBT 2.000% 3/0 436440AC5 437 320,000 PRN   DFND   320,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 4.750% 4/1 74348TAQ5 323 330,000 PRN   DFND   330,000 0 0
MICRON TECHNOLOGY INC NOTE 3.000%11/1 595112AY9 337 340,000 PRN   DFND   340,000 0 0
VOYA FINL INC COM 929089100 13,727 350,000 SH   DFND   350,000 0 0
BRUNSWICK CORP COM 117043109 19,089 350,000 SH   DFND   350,000 0 0
HALOZYME THERAPEUTICS INC COM 40637H109 3,557 360,000 SH   DFND   360,000 0 0
TRINITY INDS INC NOTE 3.875% 6/0 896522AF6 475 370,000 PRN   DFND   370,000 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 16,857 370,000 SH   DFND   370,000 0 0
MORGAN STANLEY COM NEW 617446448 16,055 380,000 SH   DFND   380,000 0 0
TWITTER INC NOTE 1.000% 9/1 90184LAD4 370 400,000 PRN   DFND   400,000 0 0
BROCADE COMMUNICATIONS SYS I NOTE 1.375% 1/0 111621AQ1 403 400,000 PRN   DFND   400,000 0 0
NXP SEMICONDUCTORS N V DBCV 1.000%12/0 62952QAB6 455 400,000 PRN   DFND   400,000 0 0
LIBERTY INTERACTIVE LLC DEB 1.750% 9/3 530610AD6 456 420,000 PRN   DFND   420,000 0 0
PENN NATL GAMING INC COM 707569109 5,861 425,000 SH   DFND   425,000 0 0
ARES CAP CORP NOTE 4.750% 1/1 04010LAJ2 441 430,000 PRN   DFND   430,000 0 0
LIBERTY MEDIA CORP DELAWARE NOTE 1.375%10/1 531229AB8 566 525,000 PRN   DFND   525,000 0 0
SALESFORCE COM INC NOTE 0.250% 4/0 79466LAD6 641 550,000 PRN   DFND   550,000 0 0
ILLUMINA INC NOTE 0.500% 6/1 452327AH2 553 575,000 PRN   DFND   575,000 0 0
AKAMAI TECHNOLOGIES INC DBCV 2/1 00971TAG6 729 700,000 PRN   DFND   700,000 0 0
MICROCHIP TECHNOLOGY INC NOTE 1.625% 2/1 595017AD6 921 710,000 PRN   DFND   710,000 0 0
SERVICE CORP INTL COM 817565104 22,294 785,000 SH   DFND   785,000 0 0
RED HAT INC NOTE 0.250%10/0 756577AD4 1,205 1,020,000 PRN   DFND   1,020,000 0 0
PRICELINE GRP INC NOTE 0.350% 6/1 741503AS5 2,283 1,790,000 PRN   DFND   1,790,000 0 0
INTEL CORP SDCV 12/1 458140AD2 2,583 1,910,000 PRN   DFND   1,910,000 0 0
CITRIX SYS INC NOTE 0.500% 4/1 177376AD2 2,297 1,980,000 PRN   DFND   1,980,000 0 0