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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
CIENA CORP NOTE 0.875% 6/1 171779AE1 101 100,000 PRN   DFND Compagnie Lombard, Odier SCA 100,000 0 0
NETSUITE INC NOTE 0.250% 6/0 64118QAB3 104 100,000 PRN   DFND Compagnie Lombard, Odier SCA 100,000 0 0
J2 GLOBAL INC NOTE 3.250% 6/1 48123VAC6 118 100,000 PRN   DFND Compagnie Lombard, Odier SCA 100,000 0 0
NUVASIVE INC NOTE 2.750% 7/0 670704AC9 129 100,000 PRN   DFND Compagnie Lombard, Odier SCA 100,000 0 0
ICONIX BRAND GROUP INC NOTE 1.500% 3/1 451055AF4 154 150,000 PRN   DFND Compagnie Lombard, Odier SCA 150,000 0 0
QIHOO 360 TECHNOLOGY CO LTD NOTE 2.500% 9/1 74734MAB5 197 200,000 PRN   DFND Compagnie Lombard, Odier SCA 200,000 0 0
ELECTRONIC ARTS INC NOTE 0.750% 7/1 285512AA7 209 100,000 PRN   DFND Compagnie Lombard, Odier SCA 100,000 0 0
DOMINION RES INC VA NEW UNIT 99/99/9999 25746U869 257 5,500 SH   DFND Compagnie Lombard, Odier SCA 5,500 0 0
LIVE NATION ENTERTAINMENT IN DBCV 2.500% 5/1 538034AJ8 588 550,000 PRN   DFND Compagnie Lombard, Odier SCA 550,000 0 0
INTEROIL CORP COM 460951106 716 11,900 SH   DFND Compagnie Lombard, Odier SCA 11,900 0 0
TARGA RES CORP COM 87612G101 723 8,100 SH   DFND Compagnie Lombard, Odier SCA 8,100 0 0
NOBLE ENERGY INC COM 655044105 754 17,672 SH   DFND Compagnie Lombard, Odier SCA 17,672 0 0
FLOWSERVE CORP COM 34354P105 827 15,705 SH   DFND Compagnie Lombard, Odier SCA 15,705 0 0
RSP PERMIAN INC COM 74978Q105 838 29,800 SH   DFND Compagnie Lombard, Odier SCA 29,800 0 0
QUANTA SVCS INC COM 74762E102 916 31,780 SH   DFND Compagnie Lombard, Odier SCA 31,780 0 0
WELLS FARGO & CO NEW PERP PFD CNV A 949746804 1,058 900 SH   DFND Compagnie Lombard, Odier SCA 900 0 0
HOMEAWAY INC NOTE 0.125% 4/0 43739QAB6 1,154 1,200,000 PRN   DFND Compagnie Lombard, Odier SCA 1,200,000 0 0
CABOT OIL & GAS CORP COM 127097103 1,237 39,207 SH   DFND Compagnie Lombard, Odier SCA 39,207 0 0
PRECISION DRILLING CORP COM 2010 74022D308 1,261 187,500 SH   DFND Compagnie Lombard, Odier SCA 187,500 0 0
SOUTHWESTERN ENERGY CO COM 845467109 1,273 56,000 SH   DFND Compagnie Lombard, Odier SCA 56,000 0 0
ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 1,276 1,200,000 PRN   DFND Compagnie Lombard, Odier SCA 1,200,000 0 0
HELMERICH & PAYNE INC COM 423452101 1,311 18,614 SH   DFND Compagnie Lombard, Odier SCA 18,614 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.750% 3/1 74348TAL6 1,332 1,300,000 PRN   DFND Compagnie Lombard, Odier SCA 1,300,000 0 0
CRESCENT PT ENERGY CORP COM 22576C101 1,340 65,300 SH   DFND Compagnie Lombard, Odier SCA 65,300 0 0
DIAMONDBACK ENERGY INC COM 25278X109 1,369 18,157 SH   DFND Compagnie Lombard, Odier SCA 18,157 0 0
PDC ENERGY INC COM 69327R101 1,392 25,950 SH   DFND Compagnie Lombard, Odier SCA 25,950 0 0
SYNERGY RES CORP COM 87164P103 1,415 123,800 SH   DFND Compagnie Lombard, Odier SCA 123,800 0 0
CARRIZO OIL & GAS INC COM 144577103 1,420 28,842 SH   DFND Compagnie Lombard, Odier SCA 28,842 0 0
EQT CORP COM 26884L109 1,423 17,500 SH   DFND Compagnie Lombard, Odier SCA 17,500 0 0
GULFPORT ENERGY CORP COM NEW 402635304 1,436 35,675 SH   DFND Compagnie Lombard, Odier SCA 35,675 0 0
WHITING PETE CORP NEW COM 966387102 1,453 43,246 SH   DFND Compagnie Lombard, Odier SCA 43,246 0 0
CONTINENTAL RESOURCES INC COM 212015101 1,454 34,300 SH   DFND Compagnie Lombard, Odier SCA 34,300 0 0
U S SILICA HLDGS INC COM 90346E103 1,484 50,549 SH   DFND Compagnie Lombard, Odier SCA 50,549 0 0
RYLAND GROUP INC NOTE 0.250% 6/0 783764AS2 1,536 1,600,000 PRN   DFND Compagnie Lombard, Odier SCA 1,600,000 0 0
FIFTH STR FIN CORP NOTE 5.375% 4/0 31679BAC4 1,552 1,500,000 PRN   DFND Compagnie Lombard, Odier SCA 1,500,000 0 0
VALERO ENERGY CORP NEW COM 91913Y100 1,598 25,520 SH   DFND Compagnie Lombard, Odier SCA 25,520 0 0
CONCHO RES INC COM 20605P101 1,603 14,080 SH   DFND Compagnie Lombard, Odier SCA 14,080 0 0
ROSETTA RESOURCES INC COM 777779307 1,617 69,878 SH   DFND Compagnie Lombard, Odier SCA 69,878 0 0
CONOCOPHILLIPS COM 20825C104 1,640 26,700 SH   DFND Compagnie Lombard, Odier SCA 26,700 0 0
METHANEX CORP COM 59151K108 1,651 29,591 SH   DFND Compagnie Lombard, Odier SCA 29,591 0 0
DEVELOPERS DIVERSIFIED RLTY NOTE 1.750%11/1 251591AX1 1,741 1,600,000 PRN   DFND Compagnie Lombard, Odier SCA 1,600,000 0 0
EOG RES INC COM 26875P101 1,866 21,314 SH   DFND Compagnie Lombard, Odier SCA 21,314 0 0
DEVON ENERGY CORP NEW COM 25179M103 1,989 33,440 SH   DFND Compagnie Lombard, Odier SCA 33,440 0 0
HESS CORP COM 42809H107 1,996 29,847 SH   DFND Compagnie Lombard, Odier SCA 29,847 0 0
ANADARKO PETE CORP COM 032511107 2,200 28,179 SH   DFND Compagnie Lombard, Odier SCA 28,179 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 2,310 22,319 SH   DFND Compagnie Lombard, Odier SCA 22,319 0 0
ING GROEP N V DBCV 6.000%12/2 456837AE3 2,406 2,400,000 PRN   DFND Compagnie Lombard, Odier SCA 2,400,000 0 0
BAKER HUGHES INC COM 057224107 2,410 39,059 SH   DFND Compagnie Lombard, Odier SCA 39,059 0 0
MARATHON OIL CORP COM 565849106 2,496 94,049 SH   DFND Compagnie Lombard, Odier SCA 94,049 0 0
NATIONAL HEALTH INVS INC NOTE 3.250% 4/0 63633DAE4 2,593 2,600,000 PRN   DFND Compagnie Lombard, Odier SCA 2,600,000 0 0
SCHLUMBERGER LTD COM 806857108 2,621 30,408 SH   DFND Compagnie Lombard, Odier SCA 30,408 0 0
HSBC HLDGS PLC SDCV 5.625%12/2 404280AR0 2,876 2,800,000 PRN   DFND Compagnie Lombard, Odier SCA 2,800,000 0 0
BGC PARTNERS INC NOTE 4.500% 7/1 05541TAD3 2,967 2,773,000 PRN   DFND Compagnie Lombard, Odier SCA 2,773,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.375%10/1 74348TAK8 3,170 3,100,000 PRN   DFND Compagnie Lombard, Odier SCA 3,100,000 0 0
SINA CORP NOTE 1.000%12/0 82922RAD5 3,341 3,500,000 PRN   DFND Compagnie Lombard, Odier SCA 3,500,000 0 0
XILINX INC NOTE 2.625% 6/1 983919AF8 4,261 2,750,000 PRN   DFND Compagnie Lombard, Odier SCA 2,750,000 0 0
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167CA3 4,283 4,500,000 PRN   DFND Compagnie Lombard, Odier SCA 4,500,000 0 0
INTEL CORP SDCV 12/1 458140AD2 4,633 3,850,000 PRN   DFND Compagnie Lombard, Odier SCA 3,850,000 0 0
ARES CAP CORP NOTE 5.125% 6/0 04010LAD5 5,980 5,800,000 PRN   DFND Compagnie Lombard, Odier SCA 5,800,000 0 0
NUANCE COMMUNICATIONS INC NOTE 2.750%11/0 67020YAF7 5,989 5,900,000 PRN   DFND Compagnie Lombard, Odier SCA 5,900,000 0 0
ILLUMINA INC NOTE 0.250% 3/1 452327AD1 6,480 2,500,000 PRN   DFND Compagnie Lombard, Odier SCA 2,500,000 0 0
MICRON TECHNOLOGY INC NOTE 3.000%11/1 595112AY9 7,071 7,830,000 PRN   DFND Compagnie Lombard, Odier SCA 7,830,000 0 0
WELLPOINT INC NOTE 2.750%10/1 94973VBG1 8,400 3,820,000 PRN   DFND Compagnie Lombard, Odier SCA 3,820,000 0 0
STARWOOD PPTY TR INC NOTE 4.000% 1/1 85571BAB1 9,865 9,150,000 PRN   DFND Compagnie Lombard, Odier SCA 9,150,000 0 0
NOVELLUS SYS INC NOTE 2.625% 5/1 670008AD3 10,086 4,250,000 PRN   DFND Compagnie Lombard, Odier SCA 4,250,000 0 0
ARES CAP CORP NOTE 5.750% 2/0 04010LAB9 10,260 9,824,000 PRN   DFND Compagnie Lombard, Odier SCA 9,824,000 0 0
MYLAN INC NOTE 3.750% 9/1 628530AJ6 10,379 2,030,000 PRN   DFND Compagnie Lombard, Odier SCA 2,030,000 0 0
GILEAD SCIENCES INC NOTE 1.625% 5/0 375558AP8 10,435 2,010,000 PRN   DFND Compagnie Lombard, Odier SCA 2,010,000 0 0
JEFFERIES GROUP INC NEW DBCV 3.875%11/0 472319AG7 11,031 10,800,000 PRN   DFND Compagnie Lombard, Odier SCA 10,800,000 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 0.750%10/1 09061GAE1 11,623 7,535,000 PRN   DFND Compagnie Lombard, Odier SCA 7,535,000 0 0
HOLOGIC INC FRNT 12/1 436440AG6 12,120 10,000,000 PRN   DFND Compagnie Lombard, Odier SCA 10,000,000 0 0
SPIRIT RLTY CAP INC NEW NOTE 3.750% 5/1 84860WAB8 13,008 13,840,000 PRN   DFND Compagnie Lombard, Odier SCA 13,840,000 0 0
JARDEN CORP NOTE 1.500% 6/1 471109AL2 14,407 10,310,000 PRN   DFND Compagnie Lombard, Odier SCA 10,310,000 0 0
TESLA MTRS INC NOTE 0.250% 3/0 88160RAB7 14,743 14,870,000 PRN   DFND Compagnie Lombard, Odier SCA 14,870,000 0 0
SPIRIT RLTY CAP INC NEW NOTE 2.875% 5/1 84860WAA0 15,860 16,730,000 PRN   DFND Compagnie Lombard, Odier SCA 16,730,000 0 0
MACQUARIE INFRASTRUCTURE COR NOTE 2.875% 7/1 55608BAA3 16,433 13,770,000 PRN   DFND Compagnie Lombard, Odier SCA 13,770,000 0 0
PRICELINE GRP INC DEBT 1.000% 3/1 741503AQ9 17,641 13,350,000 PRN   DFND Compagnie Lombard, Odier SCA 13,350,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.875% 1/1 74348TAM4 19,183 18,500,000 PRN   DFND Compagnie Lombard, Odier SCA 18,500,000 0 0
STARWOOD PPTY TR INC NOTE 3.750%10/1 85571BAC9 19,509 19,200,000 PRN   DFND Compagnie Lombard, Odier SCA 19,200,000 0 0
ARES CAP CORP NOTE 4.875% 3/1 04010LAG8 20,435 19,500,000 PRN   DFND Compagnie Lombard, Odier SCA 19,500,000 0 0
OLD REP INTL CORP NOTE 3.750% 3/1 680223AH7 21,223 17,725,000 PRN   DFND Compagnie Lombard, Odier SCA 17,725,000 0 0
SANDISK CORP NOTE 0.500%10/1 80004CAF8 22,095 22,695,000 PRN   DFND Compagnie Lombard, Odier SCA 22,695,000 0 0
SANDISK CORP NOTE 1.500% 8/1 80004CAD3 22,616 17,470,000 PRN   DFND Compagnie Lombard, Odier SCA 17,470,000 0 0
JARDEN CORP NOTE 1.125% 3/1 471109AM0 23,213 19,750,000 PRN   DFND Compagnie Lombard, Odier SCA 19,750,000 0 0
ARES CAP CORP NOTE 4.375% 1/1 04010LAM5 23,432 22,500,000 PRN   DFND Compagnie Lombard, Odier SCA 22,500,000 0 0
LAM RESEARCH CORP NOTE 1.250% 5/1 512807AL2 23,985 16,700,000 PRN   DFND Compagnie Lombard, Odier SCA 16,700,000 0 0
STARWOOD PPTY TR INC NOTE 4.550% 3/0 85571BAA3 26,215 24,500,000 PRN   DFND Compagnie Lombard, Odier SCA 24,500,000 0 0
SERVICENOW INC NOTE 11/0 81762PAB8 28,292 24,100,000 PRN   DFND Compagnie Lombard, Odier SCA 24,100,000 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 28,414 16,950,000 PRN   DFND Compagnie Lombard, Odier SCA 16,950,000 0 0
RPM INTL INC NOTE 2.250%12/1 749685AT0 29,744 25,480,000 PRN   DFND Compagnie Lombard, Odier SCA 25,480,000 0 0
JDS UNIPHASE CORP DBCV 0.625% 8/1 46612JAF8 30,134 30,950,000 PRN   DFND Compagnie Lombard, Odier SCA 30,950,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 4.750% 4/1 74348TAQ5 31,852 33,400,000 PRN   DFND Compagnie Lombard, Odier SCA 33,400,000 0 0
TEVA PHARMACEUTICAL FIN LLC DBCV 0.250% 2/0 88163VAE9 32,507 23,192,000 PRN   DFND Compagnie Lombard, Odier SCA 23,192,000 0 0
ARES CAP CORP NOTE 4.750% 1/1 04010LAJ2 32,584 31,100,000 PRN   DFND Compagnie Lombard, Odier SCA 31,100,000 0 0
HOLOGIC INC DEBT 2.000% 3/0 436440AC5 33,907 25,450,000 PRN   DFND Compagnie Lombard, Odier SCA 25,450,000 0 0
LIBERTY MEDIA CORP DELAWARE NOTE 1.375%10/1 531229AB8 36,348 37,895,000 PRN   DFND Compagnie Lombard, Odier SCA 37,895,000 0 0
INTEL CORP SDCV 3.250% 8/0 458140AF7 40,368 26,300,000 PRN   DFND Compagnie Lombard, Odier SCA 26,300,000 0 0
ILLUMINA INC NOTE 0.500% 6/1 452327AH2 58,036 46,800,000 PRN   DFND Compagnie Lombard, Odier SCA 46,800,000 0 0
YAHOO INC NOTE 12/0 984332AF3 58,690 57,050,000 PRN   DFND Compagnie Lombard, Odier SCA 57,050,000 0 0
SALESFORCE COM INC NOTE 0.250% 4/0 79466LAD6 59,323 48,875,000 PRN   DFND Compagnie Lombard, Odier SCA 48,875,000 0 0
AKAMAI TECHNOLOGIES INC DBCV 2/1 00971TAG6 62,960 60,260,000 PRN   DFND Compagnie Lombard, Odier SCA 60,260,000 0 0
TESLA MTRS INC NOTE 1.250% 3/0 88160RAC5 70,412 71,380,000 PRN   DFND Compagnie Lombard, Odier SCA 71,380,000 0 0
NVIDIA CORP NOTE 1.000%12/0 67066GAC8 71,994 62,430,000 PRN   DFND Compagnie Lombard, Odier SCA 62,430,000 0 0
ILLUMINA INC NOTE 6/1 452327AF6 74,161 63,400,000 PRN   DFND Compagnie Lombard, Odier SCA 63,400,000 0 0
PRICELINE GRP INC NOTE 0.350% 6/1 741503AS5 140,920 125,940,000 PRN   DFND Compagnie Lombard, Odier SCA 125,940,000 0 0
CITRIX SYS INC NOTE 0.500% 4/1 177376AD2 162,962 153,500,000 PRN   DFND Compagnie Lombard, Odier SCA 153,500,000 0 0