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 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
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 15,735 886,000 SH   DFND 1 886,000 0 0
MARKET VECTORS ETF TR VIETNAM ETF 57060U761 4,660 250,000 SH   DFND 1 250,000 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 1,097 12,000 SH Put DFND 1 12,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 360 3,750 SH Call DFND 1 3,750 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 328 3,750 SH Put DFND 1 3,750 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 342 2,500 SH Put DFND 1 2,500 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 396 6,000 SH Call DFND 1 6,000 0 0