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
TARGA RES CORP COM 87612G101 255 4,950 SH   DFND Compagnie Lombard, Odier SCA 4,950 0 0
CIMAREX ENERGY CO COM 171798101 815 7,950 SH   DFND Compagnie Lombard, Odier SCA 7,950 0 0
CONCHO RES INC COM 20605P101 1,074 10,930 SH   DFND Compagnie Lombard, Odier SCA 10,930 0 0
DIAMONDBACK ENERGY INC COM 25278X109 808 12,507 SH   DFND Compagnie Lombard, Odier SCA 12,507 0 0
VALERO ENERGY CORP NEW COM 91913Y100 868 14,450 SH   DFND Compagnie Lombard, Odier SCA 14,450 0 0
EQT CORP COM 26884L109 986 15,230 SH   DFND Compagnie Lombard, Odier SCA 15,230 0 0
FLOWSERVE CORP COM 34354P105 627 15,235 SH   DFND Compagnie Lombard, Odier SCA 15,235 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,304 15,639 SH   DFND Compagnie Lombard, Odier SCA 15,639 0 0
HELMERICH & PAYNE INC COM 423452101 743 15,719 SH   DFND Compagnie Lombard, Odier SCA 15,719 0 0
PDC ENERGY INC COM 69327R101 859 16,200 SH   DFND Compagnie Lombard, Odier SCA 16,200 0 0
EOG RES INC COM 26875P101 1,233 16,934 SH   DFND Compagnie Lombard, Odier SCA 16,934 0 0
TIME WARNER INC COM NEW 887317303 1,169 17,000 SH Call DFND Compagnie Lombard, Odier SCA 17,000 0 0
METHANEX CORP COM 59151K108 686 20,651 SH   DFND Compagnie Lombard, Odier SCA 20,651 0 0
ANADARKO PETE CORP COM 032511107 1,250 20,701 SH   DFND Compagnie Lombard, Odier SCA 20,701 0 0
INTEROIL CORP COM 460951106 768 22,770 SH   DFND Compagnie Lombard, Odier SCA 22,770 0 0
SCHLUMBERGER LTD COM 806857108 1,668 24,188 SH   DFND Compagnie Lombard, Odier SCA 24,188 0 0
HESS CORP COM 42809H107 1,249 24,947 SH   DFND Compagnie Lombard, Odier SCA 24,947 0 0
GULFPORT ENERGY CORP COM NEW 402635304 771 25,985 SH   DFND Compagnie Lombard, Odier SCA 25,985 0 0
QUANTA SVCS INC COM 74762E102 641 26,460 SH   DFND Compagnie Lombard, Odier SCA 26,460 0 0
DEVON ENERGY CORP NEW COM 25179M103 1,085 29,240 SH   DFND Compagnie Lombard, Odier SCA 29,240 0 0
CARRIZO OIL & GAS INC COM 144577103 901 29,492 SH   DFND Compagnie Lombard, Odier SCA 29,492 0 0
CONTINENTAL RESOURCES INC COM 212015101 874 30,155 SH   DFND Compagnie Lombard, Odier SCA 30,155 0 0
CONOCOPHILLIPS COM 20825C104 1,495 31,180 SH   DFND Compagnie Lombard, Odier SCA 31,180 0 0
CABOT OIL & GAS CORP COM 127097103 747 34,157 SH   DFND Compagnie Lombard, Odier SCA 34,157 0 0
WHITING PETE CORP NEW COM 966387102 545 35,700 SH   DFND Compagnie Lombard, Odier SCA 35,700 0 0
U S SILICA HLDGS INC COM 90346E103 536 38,071 SH   DFND Compagnie Lombard, Odier SCA 38,071 0 0
HALLIBURTON CO COM 406216101 1,506 42,600 SH   DFND Compagnie Lombard, Odier SCA 42,600 0 0
ABBVIE INC COM 00287Y109 2,340 43,000 SH Call DFND Compagnie Lombard, Odier SCA 43,000 0 0
NOBLE ENERGY INC COM 655044105 1,497 49,613 SH   DFND Compagnie Lombard, Odier SCA 49,613 0 0
SOUTHWESTERN ENERGY CO COM 845467109 641 50,550 SH   DFND Compagnie Lombard, Odier SCA 50,550 0 0
CRESCENT PT ENERGY CORP COM 22576C101 729 63,500 SH   DFND Compagnie Lombard, Odier SCA 63,500 0 0
ADVANTAGE OIL & GAS LTD COM 00765F101 390 74,500 SH   DFND Compagnie Lombard, Odier SCA 74,500 0 0
STARBUCKS CORP COM 855244109 4,468 78,600 SH Call DFND Compagnie Lombard, Odier SCA 78,600 0 0
MARATHON OIL CORP COM 565849106 1,238 80,369 SH   DFND Compagnie Lombard, Odier SCA 80,369 0 0
SYNERGY RES CORP COM 87164P103 859 87,610 SH   DFND Compagnie Lombard, Odier SCA 87,610 0 0
AMGEN INC COM 031162100 18,881 136,500 SH Call DFND Compagnie Lombard, Odier SCA 136,500 0 0
PRECISION DRILLING CORP COM 2010 74022D308 706 190,165 SH   DFND Compagnie Lombard, Odier SCA 190,165 0 0
ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AH8 222 200,000 PRN   DFND Compagnie Lombard, Odier SCA 200,000 0 0
DISNEY WALT CO COM DISNEY 254687106 49,823 487,500 SH Call DFND Compagnie Lombard, Odier SCA 487,500 0 0
CRITEO S A SPONS ADS 226718104 22,639 600,000 SH   DFND Compagnie Lombard, Odier SCA 600,000 0 0
LIVE NATION ENTERTAINMENT IN DBCV 2.500% 5/1 538034AJ8 801 750,000 PRN   DFND Compagnie Lombard, Odier SCA 750,000 0 0
SANDISK CORP NOTE 0.500%10/1 80004CAF8 862 890,000 PRN   DFND Compagnie Lombard, Odier SCA 890,000 0 0
INTEL CORP SDCV 12/1 458140AD2 1,104 900,000 PRN   DFND Compagnie Lombard, Odier SCA 900,000 0 0
QIHOO 360 TECHNOLOGY CO LTD NOTE 1.750% 8/1 74734MAF6 830 1,000,000 PRN   DFND Compagnie Lombard, Odier SCA 1,000,000 0 0
TIVO INC NOTE 2.000%10/0 888706AF5 871 1,000,000 PRN   DFND Compagnie Lombard, Odier SCA 1,000,000 0 0
ARES CAP CORP NOTE 5.750% 2/0 04010LAB9 1,012 1,000,000 SH   DFND Compagnie Lombard, Odier SCA 1,000,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.375%10/1 74348TAK8 1,129 1,100,000 SH   DFND Compagnie Lombard, Odier SCA 1,100,000 0 0
HOMEAWAY INC NOTE 0.125% 4/0 43739QAB6 1,117 1,200,000 PRN   DFND Compagnie Lombard, Odier SCA 1,200,000 0 0
ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 1,193 1,200,000 SH   DFND Compagnie Lombard, Odier SCA 1,200,000 0 0
INTEL CORP SDCV 3.250% 8/0 458140AF7 2,201 1,450,000 PRN   DFND Compagnie Lombard, Odier SCA 1,450,000 0 0
FIFTH STR FIN CORP NOTE 5.375% 4/0 31679BAC4 1,530 1,500,000 SH   DFND Compagnie Lombard, Odier SCA 1,500,000 0 0
RYLAND GROUP INC NOTE 0.250% 6/0 783764AS2 1,483 1,600,000 PRN   DFND Compagnie Lombard, Odier SCA 1,600,000 0 0
QIHOO 360 TECHNOLOGY CO LTD NOTE 0.500% 8/1 74734MAE9 1,736 2,000,000 PRN   DFND Compagnie Lombard, Odier SCA 2,000,000 0 0
NATIONAL HEALTH INVS INC NOTE 3.250% 4/0 63633DAE4 2,553 2,600,000 PRN   DFND Compagnie Lombard, Odier SCA 2,600,000 0 0
INTEL CORP COM 458140100 99,643 3,306,000 SH Call DFND Compagnie Lombard, Odier SCA 3,306,000 0 0
SINA CORP NOTE 1.000%12/0 82922RAD5 3,333 3,500,000 PRN   DFND Compagnie Lombard, Odier SCA 3,500,000 0 0
ARES CAP CORP NOTE 5.125% 6/0 04010LAD5 3,872 3,800,000 SH   DFND Compagnie Lombard, Odier SCA 3,800,000 0 0
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167CA3 3,924 4,500,000 PRN   DFND Compagnie Lombard, Odier SCA 4,500,000 0 0
NUANCE COMMUNICATIONS INC NOTE 2.750%11/0 67020YAF7 5,168 5,100,000 PRN   DFND Compagnie Lombard, Odier SCA 5,100,000 0 0
JEFFERIES GROUP INC NEW DBCV 3.875%11/0 472319AG7 6,014 5,900,000 PRN   DFND Compagnie Lombard, Odier SCA 5,900,000 0 0
MICRON TECHNOLOGY INC NOTE 3.000%11/1 595112AY9 6,947 8,230,000 PRN   DFND Compagnie Lombard, Odier SCA 8,230,000 0 0
STARWOOD PPTY TR INC NOTE 4.000% 1/1 85571BAB1 8,546 8,230,000 SH   DFND Compagnie Lombard, Odier SCA 8,230,000 0 0
PRICELINE GRP INC NOTE 1.000% 3/1 741503AQ9 13,421 9,500,000 PRN   DFND Compagnie Lombard, Odier SCA 9,500,000 0 0
JARDEN CORP NOTE 1.500% 6/1 471109AL2 12,988 9,585,000 PRN   DFND Compagnie Lombard, Odier SCA 9,585,000 0 0
MACQUARIE INFRASTRUCTURE COR NOTE 2.875% 7/1 55608BAA3 13,241 11,620,000 PRN   DFND Compagnie Lombard, Odier SCA 11,620,000 0 0
LAM RESEARCH CORP NOTE 1.250% 5/1 512807AL2 16,375 12,980,000 PRN   DFND Compagnie Lombard, Odier SCA 12,980,000 0 0
CEMEX SAB DE CV NOTE 3.750% 3/1 151290BC6 13,577 13,080,000 SH   DFND Compagnie Lombard, Odier SCA 13,080,000 0 0
SPIRIT RLTY CAP INC NEW NOTE 3.750% 5/1 84860WAB8 12,751 13,840,000 PRN   DFND Compagnie Lombard, Odier SCA 13,840,000 0 0
SPIRIT RLTY CAP INC NEW NOTE 2.875% 5/1 84860WAA0 13,551 14,418,000 PRN   DFND Compagnie Lombard, Odier SCA 14,418,000 0 0
OLD REP INTL CORP NOTE 3.750% 3/1 680223AH7 16,855 14,500,000 PRN   DFND Compagnie Lombard, Odier SCA 14,500,000 0 0
ARES CAP CORP NOTE 4.875% 3/1 04010LAG8 17,534 17,000,000 PRN   DFND Compagnie Lombard, Odier SCA 17,000,000 0 0
JARDEN CORP NOTE 1.125% 3/1 471109AM0 20,991 18,200,000 PRN   DFND Compagnie Lombard, Odier SCA 18,200,000 0 0
STARWOOD PPTY TR INC NOTE 3.750%10/1 85571BAC9 18,430 18,430,000 PRN   DFND Compagnie Lombard, Odier SCA 18,430,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.875% 1/1 74348TAM4 18,114 18,700,000 SH   DFND Compagnie Lombard, Odier SCA 18,700,000 0 0
ARES CAP CORP NOTE 4.375% 1/1 04010LAM5 23,234 22,500,000 PRN   DFND Compagnie Lombard, Odier SCA 22,500,000 0 0
STARWOOD PPTY TR INC NOTE 4.550% 3/0 85571BAA3 23,608 23,010,000 SH   DFND Compagnie Lombard, Odier SCA 23,010,000 0 0
SERVICENOW INC NOTE 11/0 81762PAB8 26,555 23,350,000 PRN   DFND Compagnie Lombard, Odier SCA 23,350,000 0 0
RPM INTL INC NOTE 2.250%12/1 749685AT0 26,340 23,720,000 PRN   DFND Compagnie Lombard, Odier SCA 23,720,000 0 0
HOLOGIC INC FRNT 12/1 436440AG6 30,744 24,110,000 PRN   DFND Compagnie Lombard, Odier SCA 24,110,000 0 0
SANDISK CORP NOTE 1.500% 8/1 80004CAD3 30,714 24,600,000 PRN   DFND Compagnie Lombard, Odier SCA 24,600,000 0 0
HOLOGIC INC DEBT 2.000% 3/0 436440AC5 37,750 27,740,000 PRN   DFND Compagnie Lombard, Odier SCA 27,740,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 4.750% 4/1 74348TAQ5 25,413 28,100,000 PRN   DFND Compagnie Lombard, Odier SCA 28,100,000 0 0
JDS UNIPHASE CORP DBCV 0.625% 8/1 46612JAF8 28,858 30,750,000 SH   DFND Compagnie Lombard, Odier SCA 30,750,000 0 0
ARES CAP CORP NOTE 4.750% 1/1 04010LAJ2 32,135 31,200,000 PRN   DFND Compagnie Lombard, Odier SCA 31,200,000 0 0
LIBERTY MEDIA CORP DELAWARE NOTE 1.375%10/1 531229AB8 34,871 36,310,000 PRN   DFND Compagnie Lombard, Odier SCA 36,310,000 0 0
ILLUMINA INC NOTE 0.500% 6/1 452327AH2 50,618 43,050,000 SH   DFND Compagnie Lombard, Odier SCA 43,050,000 0 0
JAZZ INVESTMENTS I LTD NOTE 1.875% 8/1 472145AB7 45,866 45,520,000 PRN   DFND Compagnie Lombard, Odier SCA 45,520,000 0 0
SALESFORCE COM INC NOTE 0.250% 4/0 79466LAD6 57,691 46,945,000 PRN   DFND Compagnie Lombard, Odier SCA 46,945,000 0 0
YAHOO INC NOTE 12/0 984332AF3 52,471 54,100,000 PRN   DFND Compagnie Lombard, Odier SCA 54,100,000 0 0
AKAMAI TECHNOLOGIES INC DBCV 2/1 00971TAG6 60,774 57,600,000 PRN   DFND Compagnie Lombard, Odier SCA 57,600,000 0 0
NVIDIA CORP NOTE 1.000%12/0 67066GAC8 79,076 59,775,000 PRN   DFND Compagnie Lombard, Odier SCA 59,775,000 0 0
ILLUMINA INC NOTE 6/1 452327AF6 68,933 62,535,000 PRN   DFND Compagnie Lombard, Odier SCA 62,535,000 0 0
PRICELINE GRP INC NOTE 0.350% 6/1 741503AS5 138,787 117,900,000 PRN   DFND Compagnie Lombard, Odier SCA 117,900,000 0 0
CITRIX SYS INC NOTE 0.500% 4/1 177376AD2 154,741 145,600,000 PRN   DFND Compagnie Lombard, Odier SCA 145,600,000 0 0