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
AKAMAI TECHNOLOGIES INC DBCV 2/1 00971TAG6 56,816 58,900,000 PRN   DFND Compagnie Odier SCA 58,900,000 0 0
ANADARKO PETE CORP COM 032511107 1,006 20,701 SH   DFND Compagnie Odier SCA 20,701 0 0
ARES CAP CORP NOTE 5.750% 2/0 04010LAB9 10,957 10,900,000 PRN   DFND Compagnie Odier SCA 10,900,000 0 0
ARES CAP CORP NOTE 5.125% 6/0 04010LAD5 8,755 8,700,000 PRN   DFND Compagnie Odier SCA 8,700,000 0 0
ARES CAP CORP NOTE 4.875% 3/1 04010LAG8 17,168 17,000,000 PRN   DFND Compagnie Odier SCA 17,000,000 0 0
ARES CAP CORP NOTE 4.750% 1/1 04010LAJ2 31,752 31,600,000 PRN   DFND Compagnie Odier SCA 31,600,000 0 0
ARES CAP CORP NOTE 4.375% 1/1 04010LAM5 22,463 22,500,000 PRN   DFND Compagnie Odier SCA 22,500,000 0 0
ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 1,129 1,200,000 PRN   DFND Compagnie Odier SCA 1,200,000 0 0
CABOT OIL & GAS CORP COM 127097103 604 34,157 SH   DFND Compagnie Odier SCA 34,157 0 0
CALLON PETE CO DEL COM 13123X102 88 10,500 SH   DFND Compagnie Odier SCA 10,500 0 0
CARRIZO OIL & GAS INC COM 144577103 631 21,322 SH   DFND Compagnie Odier SCA 21,322 0 0
CEMEX SAB DE CV NOTE 3.750% 3/1 151290BC6 12,279 13,200,000 PRN   DFND Compagnie Odier SCA 13,200,000 0 0
CEMEX SAB DE CV NOTE 3.720% 3/1 151290BR3 10,599 13,460,000 PRN   DFND Compagnie Odier SCA 13,460,000 0 0
CIMAREX ENERGY CO COM 171798101 711 7,950 SH   DFND Compagnie Odier SCA 7,950 0 0
CITRIX SYS INC NOTE 0.500% 4/1 177376AD2 160,906 146,650,000 PRN   DFND Compagnie Odier SCA 146,650,000 0 0
CONCHO RES INC COM 20605P101 983 10,587 SH   DFND Compagnie Odier SCA 10,587 0 0
CONOCOPHILLIPS COM 20825C104 1,068 22,880 SH   DFND Compagnie Odier SCA 22,880 0 0
CONTINENTAL RESOURCES INC COM 212015101 693 30,155 SH   DFND Compagnie Odier SCA 30,155 0 0
CRITEO S A SPONS ADS 226718104 26,854 675,000 SH   DFND Compagnie Odier SCA 675,000 0 0
DEVON ENERGY CORP NEW COM 25179M103 936 29,240 SH   DFND Compagnie Odier SCA 29,240 0 0
DIAMONDBACK ENERGY INC COM 25278X109 795 11,882 SH   DFND Compagnie Odier SCA 11,882 0 0
EOG RES INC COM 26875P101 1,199 16,934 SH   DFND Compagnie Odier SCA 16,934 0 0
EQT CORP COM 26884L109 715 13,707 SH   DFND Compagnie Odier SCA 13,707 0 0
FIFTH STR FIN CORP NOTE 5.375% 4/0 31679BAC4 1,505 1,500,000 PRN   DFND Compagnie Odier SCA 1,500,000 0 0
FLOWSERVE CORP COM 34354P105 641 15,235 SH   DFND Compagnie Odier SCA 15,235 0 0
GULFPORT ENERGY CORP COM NEW 402635304 638 25,985 SH   DFND Compagnie Odier SCA 25,985 0 0
HALLIBURTON CO COM 406216101 1,305 38,340 SH   DFND Compagnie Odier SCA 38,340 0 0
HELMERICH & PAYNE INC COM 423452101 683 12,749 SH   DFND Compagnie Odier SCA 12,749 0 0
HESS CORP COM 42809H107 967 19,947 SH   DFND Compagnie Odier SCA 19,947 0 0
HOLOGIC INC DEBT 2.000% 3/0 436440AC5 37,377 27,810,000 PRN   DFND Compagnie Odier SCA 27,810,000 0 0
HOLOGIC INC FRNT 12/1 436440AG6 29,801 23,310,000 PRN   DFND Compagnie Odier SCA 23,310,000 0 0
ILLUMINA INC NOTE 6/1 452327AF6 68,604 62,435,000 PRN   DFND Compagnie Odier SCA 62,435,000 0 0
ILLUMINA INC NOTE 0.500% 6/1 452327AH2 50,321 43,100,000 PRN   DFND Compagnie Odier SCA 43,100,000 0 0
INTEL CORP SDCV 12/1 458140AD2 3,234 2,500,000 PRN   DFND Compagnie Odier SCA 2,500,000 0 0
INTEL CORP SDCV 3.250% 8/0 458140AF7 2,426 1,450,000 PRN   DFND Compagnie Odier SCA 1,450,000 0 0
INTEROIL CORP COM 460951106 604 19,233 SH   DFND Compagnie Odier SCA 19,233 0 0
JDS UNIPHASE CORP DBCV 0.625% 8/1 46612JAF8 29,113 30,800,000 PRN   DFND Compagnie Odier SCA 30,800,000 0 0
JARDEN CORP NOTE 1.125% 3/1 471109AM0 36,074 29,310,000 PRN   DFND Compagnie Odier SCA 29,310,000 0 0
JAZZ INVESTMENTS I LTD NOTE 1.875% 8/1 472145AB7 48,735 46,270,000 PRN   DFND Compagnie Odier SCA 46,270,000 0 0
JEFFERIES GROUP INC NEW DBCV 3.875%11/0 472319AG7 5,899 5,900,000 PRN   DFND Compagnie Odier SCA 5,900,000 0 0
LAM RESEARCH CORP NOTE 1.250% 5/1 512807AL2 20,088 13,890,000 PRN   DFND Compagnie Odier SCA 13,890,000 0 0
LIBERTY MEDIA CORP DELAWARE NOTE 1.375%10/1 531229AB8 35,999 36,310,000 PRN   DFND Compagnie Odier SCA 36,310,000 0 0
LINKEDIN CORP NOTE 0.500%11/0 53578AAB4 22,043 20,993,000 PRN   DFND Compagnie Odier SCA 20,993,000 0 0
LIVE NATION ENTERTAINMENT IN DBCV 2.500% 5/1 538034AJ8 922 900,000 PRN   DFND Compagnie Odier SCA 900,000 0 0
MACQUARIE INFRASTRUCTURE COR NOTE 2.875% 7/1 55608BAA3 13,184 11,740,000 PRN   DFND Compagnie Odier SCA 11,740,000 0 0
MARATHON OIL CORP COM 565849106 1,012 80,369 SH   DFND Compagnie Odier SCA 80,369 0 0
MICRON TECHNOLOGY INC NOTE 3.000%11/1 595112AY9 9,081 10,840,000 PRN   DFND Compagnie Odier SCA 10,840,000 0 0
NXP SEMICONDUCTORS N V DBCV 1.000%12/0 62952QAB6 46,659 42,250,000 PRN   DFND Compagnie Odier SCA 42,250,000 0 0
NATIONAL HEALTH INVS INC NOTE 3.250% 4/0 63633DAE4 2,570 2,600,000 PRN   DFND Compagnie Odier SCA 2,600,000 0 0
NOBLE ENERGY INC COM 655044105 1,005 30,512 SH   DFND Compagnie Odier SCA 30,512 0 0
NUANCE COMMUNICATIONS INC NOTE 2.750%11/0 67020YAF7 5,188 5,100,000 PRN   DFND Compagnie Odier SCA 5,100,000 0 0
OASIS PETE INC NEW COM 674215108 190 25,800 SH   DFND Compagnie Odier SCA 25,800 0 0
OLD REP INTL CORP NOTE 3.750% 3/1 680223AH7 19,041 14,850,000 PRN   DFND Compagnie Odier SCA 14,850,000 0 0
ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AH8 335 300,000 PRN   DFND Compagnie Odier SCA 300,000 0 0
PDC ENERGY INC COM 69327R101 822 15,390 SH   DFND Compagnie Odier SCA 15,390 0 0
PRICELINE GRP INC NOTE 1.000% 3/1 741503AQ9 13,766 9,600,000 PRN   DFND Compagnie Odier SCA 9,600,000 0 0
PRICELINE GRP INC NOTE 0.350% 6/1 741503AS5 142,586 119,150,000 PRN   DFND Compagnie Odier SCA 119,150,000 0 0
PRICELINE GRP INC NOTE 0.900% 9/1 741503AX4 9,335 9,200,000 PRN   DFND Compagnie Odier SCA 9,200,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.375%10/1 74348TAK8 1,102 1,100,000 PRN   DFND Compagnie Odier SCA 1,100,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.750% 3/1 74348TAL6 490 500,000 PRN   DFND Compagnie Odier SCA 500,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.875% 1/1 74348TAM4 18,249 18,700,000 PRN   DFND Compagnie Odier SCA 18,700,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 4.750% 4/1 74348TAQ5 24,582 28,200,000 PRN   DFND Compagnie Odier SCA 28,200,000 0 0
QIHOO 360 TECHNOLOGY CO LTD NOTE 2.500% 9/1 74734MAB5 4,632 4,700,000 PRN   DFND Compagnie Odier SCA 4,700,000 0 0
QIHOO 360 TECHNOLOGY CO LTD NOTE 0.500% 8/1 74734MAE9 1,945 2,000,000 PRN   DFND Compagnie Odier SCA 2,000,000 0 0
QIHOO 360 TECHNOLOGY CO LTD NOTE 1.750% 8/1 74734MAF6 972 1,000,000 PRN   DFND Compagnie Odier SCA 1,000,000 0 0
QUANTA SVCS INC COM 74762E102 536 26,460 SH   DFND Compagnie Odier SCA 26,460 0 0
RPM INTL INC NOTE 2.250%12/1 749685AT0 27,493 24,140,000 PRN   DFND Compagnie Odier SCA 24,140,000 0 0
RED HAT INC NOTE 0.250%10/0 756577AD4 88,786 67,850,000 PRN   DFND Compagnie Odier SCA 67,850,000 0 0
RYLAND GROUP INC NOTE 0.250% 6/0 783764AS2 1,445 1,600,000 PRN   DFND Compagnie Odier SCA 1,600,000 0 0
SALESFORCE COM INC NOTE 0.250% 4/0 79466LAD6 62,171 47,945,000 PRN   DFND Compagnie Odier SCA 47,945,000 0 0
SANDISK CORP NOTE 1.500% 8/1 80004CAD3 46,458 29,460,000 PRN   DFND Compagnie Odier SCA 29,460,000 0 0
SANDISK CORP NOTE 0.500%10/1 80004CAF8 1,038 990,000 PRN   DFND Compagnie Odier SCA 990,000 0 0
SCHLUMBERGER LTD COM 806857108 1,230 17,638 SH   DFND Compagnie Odier SCA 17,638 0 0
SERVICENOW INC NOTE 11/0 81762PAB8 28,044 21,730,000 PRN   DFND Compagnie Odier SCA 21,730,000 0 0
SINA CORP NOTE 1.000%12/0 82922RAD5 3,415 3,500,000 PRN   DFND Compagnie Odier SCA 3,500,000 0 0
SOUTHWESTERN ENERGY CO COM 845467109 182 25,550 SH   DFND Compagnie Odier SCA 25,550 0 0
SPIRIT RLTY CAP INC NEW NOTE 2.875% 5/1 84860WAA0 14,152 14,768,000 PRN   DFND Compagnie Odier SCA 14,768,000 0 0
SPIRIT RLTY CAP INC NEW NOTE 3.750% 5/1 84860WAB8 13,110 13,840,000 PRN   DFND Compagnie Odier SCA 13,840,000 0 0
STARWOOD PPTY TR INC NOTE 4.550% 3/0 85571BAA3 23,935 23,410,000 PRN   DFND Compagnie Odier SCA 23,410,000 0 0
STARWOOD PPTY TR INC NOTE 4.000% 1/1 85571BAB1 8,573 8,350,000 PRN   DFND Compagnie Odier SCA 8,350,000 0 0
STARWOOD PPTY TR INC NOTE 3.750%10/1 85571BAC9 18,424 18,580,000 PRN   DFND Compagnie Odier SCA 18,580,000 0 0
SYNERGY RES CORP COM 87164P103 672 78,850 SH   DFND Compagnie Odier SCA 78,850 0 0
TIVO INC NOTE 2.000%10/0 888706AF5 871 1,000,000 PRN   DFND Compagnie Odier SCA 1,000,000 0 0
TWITTER INC NOTE 0.250% 9/1 90184LAB8 855 1,000,000 PRN   DFND Compagnie Odier SCA 1,000,000 0 0
TWITTER INC NOTE 1.000% 9/1 90184LAD4 16,264 19,420,000 PRN   DFND Compagnie Odier SCA 19,420,000 0 0
U S SILICA HLDGS INC COM 90346E103 778 41,511 SH   DFND Compagnie Odier SCA 41,511 0 0
VALERO ENERGY CORP NEW COM 91913Y100 456 6,450 SH   DFND Compagnie Odier SCA 6,450 0 0
WELLS FARGO & CO NEW PERP PFD CNV A 949746804 582 500 SH   DFND Compagnie Odier SCA 500 0 0
WHITING PETE CORP NEW COM 966387102 337 35,700 SH   DFND Compagnie Odier SCA 35,700 0 0
YAHOO INC NOTE 12/0 984332AF3 53,569 54,750,000 PRN   DFND Compagnie Odier SCA 54,750,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,061 12,207 SH   DFND Compagnie Odier SCA 12,207 0 0