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
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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
BAIDU INC SPON ADR REP A 056752108 4,331 19,000 SH   SOLE 19,000 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 1,963 33,333 SH   SOLE 33,333 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 16,696 286,122 SH   SOLE 286,122 0 0
HONDA MOTOR LTD AMERN SHS 438128308 7,048 239,246 SH   SOLE 239,246 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 75,564 1,583,652 SH   SOLE 1,583,652 0 0
ICICI BK LTD ADR 45104G104 26,336 2,280,185 SH   SOLE 2,280,185 0 0
INFOSYS LTD SPONSORED ADR 456788108 7,952 252,650 SH   SOLE 252,650 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 239 180,000 SH Call SOLE 180,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 0 4,000 SH Put SOLE 4,000 0 0
JOHNSON & JOHNSON COM 478160104 1,796 17,177 SH   SOLE 17,177 0 0
JOHNSON & JOHNSON COM 478160104 20 14,900 SH Call SOLE 14,900 0 0
JOHNSON & JOHNSON COM 478160104 356 90,000 SH Put SOLE 90,000 0 0
MAGICJACK VOCALTEC LTD SHS M6787E101 893 110,000 SH   SOLE 110,000 0 0
MICROSOFT CORP COM 594918104 89 250,000 SH Call SOLE 250,000 0 0
MICROSOFT CORP COM 594918104 160 51,400 SH Put SOLE 51,400 0 0
MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 7,833 1,410,875 SH   SOLE 1,410,875 0 0
NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 1,370 52,800 SH   SOLE 52,800 0 0
NOMURA HLDGS INC SPONSORED ADR 65535H208 3,071 532,514 SH   SOLE 532,514 0 0
PEPSICO INC COM 713448108 0 3,700 SH Call SOLE 3,700 0 0
PEPSICO INC COM 713448108 12 3,700 SH Put SOLE 3,700 0 0
PEPSICO INC COM 713448108 170 1,800 SH   SOLE 1,800 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 170 1,530 SH   SOLE 1,530 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 11,265 109,100 SH   SOLE 109,100 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 52 78,900 SH Call SOLE 78,900 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 71 150,000 SH Put SOLE 150,000 0 0
QIHOO 360 TECHNOLOGY CO LTD DEBT 2.500% 9/1 G73030AA9 14,494 15,000,000 PRN   SOLE 15,000,000 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 293 3,700 SH   SOLE 3,700 0 0
SESA STERLITE LTD SPONSORED ADR 78413F103 8,605 628,500 SH   SOLE 628,500 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 8 300 SH   SOLE 300 0 0
SOUFUN HLDGS LTD ADR 836034108 74 10,000 SH   SOLE 10,000 0 0
SOUFUN HLDGS LTD NOTE 2.000%12/1 836034AB4 22,208 25,200,000 PRN   SOLE 25,200,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 102 900 SH   SOLE 900 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,558 22,180 SH   SOLE 22,180 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 157 100,000 SH Put SOLE 100,000 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 3,152 431,192 SH   SOLE 431,192 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 123,713 5,527,843 SH   SOLE 5,527,843 0 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 22,230 602,614 SH   SOLE 602,614 0 0
UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 17,941 7,701,000 SH   SOLE 7,701,000 0 0
VALE S A ADR REPSTG PFD 91912E204 7,696 1,060,044 SH   SOLE 1,060,044 0 0
VIPSHOP HLDGS LTD NOTE 1.500% 3/1 92763WAA1 26,290 22,000,000 PRN   SOLE 22,000,000 0 0