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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

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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
SPDR S&P 500 ETF TR TR UNIT 78462F103 74,135 342,662 SH   DFND 1 342,662 0 0
ISHARES TR INDIA 50 ETF 464289529 111,325 3,736,994 SH   DFND 1 3,736,994 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 40,086 378,884 SH   DFND 1 378,884 0 0
BAIDU INC SPON ADR REP A 056752108 18,303 100,529 SH   DFND 1 100,529 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 11,400 244,856 SH   DFND 1 244,856 0 0