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
ACCENTURE PLC CL A COMMON STOCK B4BNMY3 8,123 110,300 SH   DFND 1,2 110,300 0 0
ACE LTD COMMON STOCK B3BQMF6 9,244 98,800 SH   DFND 1,2 98,800 0 0
ALLEGHENY TECHNOLOGIES INC COMMON STOCK 01741R102 3,343 109,537 SH   DFND 1,2 109,537 0 0
ALLERGAN INC COMMON STOCK 018490102 543 6,000 SH   DFND 1,2 6,000 0 0
AMAZON.COM INC COMMON STOCK 023135106 8,723 27,900 SH   DFND 1,2 27,900 0 0
AMERICAN TOWER CORP (REIT) COMMON STOCK 03027X100 22,505 303,592 SH   DFND 1,2 303,592 0 0
AON PLC CL A COMMON STOCK B5BT0K0 3,350 45,000 SH   DFND 1,2 45,000 0 0
APPLE INC COMMON STOCK 037833100 20,353 42,690 SH   DFND 1,2 42,690 0 0
ARCOS DORADOS HOLDINGS INC CL A COMMON STOCK B529PQ0 64,136 5,412,332 SH   DFND 1,2 5,412,332 0 0
ASML HOLDING NV (USD) COMMON STOCK B908F01 2,290 23,184 SH   DFND 1,2 23,184 0 0
B/E AEROSPACE INC COMMON STOCK 073302101 6,570 89,000 SH   DFND 1,2 89,000 0 0
BANCO BRADESCO SA PN ADR COMMON STOCK 059460303 102,312 7,371,185 SH   DFND 1,2 7,371,185 0 0
BB&T CORPORATION COMMON STOCK 054937107 13,821 409,500 SH   DFND 1,2 409,500 0 0
BLACKROCK INC COMMON STOCK 09247X101 8,800 32,516 SH   DFND 1,2 32,516 0 0
BOEING CO COMMON STOCK 097023105 19,211 163,500 SH   DFND 1,2 163,500 0 0
BRF SA ON ADR COMMON STOCK 10552T107 23,100 941,700 SH   DFND 1,2 941,700 0 0
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 35,650 770,300 SH   DFND 1,2 770,300 0 0
BROADCOM CORP CL A COMMON STOCK 111320107 9,998 384,400 SH   DFND 1,2 384,400 0 0
CAE INC (USD) COMMON STOCK 124765108 1,218 111,300 SH   DFND 1,2 111,300 0 0
CAMECO CORP COMMON STOCK 13321L108 1,327 73,435 SH   DFND 1,2 73,435 0 0
CARNIVAL CORP COMMON PAIRED STOCK UNITS 143658300 2,432 74,500 SH   DFND 1,2 74,500 0 0
CATERPILLAR INC COMMON STOCK 149123101 10,113 121,300 SH   DFND 1,2 121,300 0 0
CBS CORP CL B N/V COMMON STOCK 124857202 5,626 102,000 SH   DFND 1,2 102,000 0 0
CELLCOM ISRAEL LTD COMMON STOCK B23WQK8 587 52,522 SH   DFND 1,2 52,522 0 0
CELLCOM ISRAEL LTD (USD) COMMON STOCK B1QHD79 740 66,978 SH   DFND 1,2 66,978 0 0
CEMEX SAB DE CV CPO UNIT ADR (2 A SHRS +1 B SHR) COMMON STOCK 151290889 85,125 7,614,008 SH   DFND 1,2 7,614,008 0 0
CENOVUS ENERGY INC COMMON STOCK 15135U109 18,292 611,667 SH   DFND 1,2 611,667 0 0
CENTENE CORP COMMON STOCK 15135B101 10,087 157,700 SH   DFND 1,2 157,700 0 0
CERNER CORPORATION COMMON STOCK 156782104 1,999 38,036 SH   DFND 1,2 38,036 0 0
CHARTER COMMUNICATIONS INC CL A COMMON STOCK 16117M305 10,094 74,900 SH   DFND 1,2 74,900 0 0
CHEVRON CORP COMMON STOCK 166764100 19,561 160,997 SH   DFND 1,2 160,997 0 0
CLIFFS NATURAL RESOURCES INC COMMON STOCK 18683K101 1,913 93,311 SH   DFND 1,2 93,311 0 0
CME GROUP INC CL A COMMON STOCK 12572Q105 16,446 222,600 SH   DFND 1,2 222,600 0 0
COACH INC COMMON STOCK 189754104 4,504 82,600 SH   DFND 1,2 82,600 0 0
COBALT INTERNATIONAL ENERGY INC COMMON STOCK 19075F106 86,803 3,491,657 SH   DFND 1,2 3,491,657 0 0
COMCAST CORP CL A COMMON STOCK 20030N101 13,500 299,000 SH   DFND 1,2 299,000 0 0
DANAHER CORP COMMON STOCK 235851102 31,634 456,348 SH   DFND 1,2 456,348 0 0
DELPHI AUTOMOTIVE PLC COMMON STOCK B783TY6 12,630 216,200 SH   DFND 1,2 216,200 0 0
DEUTSCHE BANK AG NAMEN COMMON STOCK 5750355 7,941 172,845 SH   DFND 1,2 172,845 0 0
DISCOVERY COMMUNICATIONS INC CL A COMMON STOCK 25470F104 5,798 68,676 SH   DFND 1,2 68,676 0 0
DREAMWORKS ANIMATION SKG INC CL A COMMON STOCK 26153C103 3,588 126,084 SH   DFND 1,2 126,084 0 0
EATON CORP PLC COMMON STOCK B8KQN82 28,231 410,100 SH   DFND 1,2 410,100 0 0
ENBRIDGE INC COMMON STOCK 29250N105 4,361 104,200 SH   DFND 1,2 104,200 0 0
ENERSIS SA ADR COMMON STOCK 29274F104 60,569 3,771,431 SH   DFND 1,2 3,771,431 0 0
ENSCO PLC CL A COMMON STOCK B4VLR19 81,114 1,509,100 SH   DFND 1,2 1,509,100 0 0
EXPRESS SCRIPTS HOLDING CO COMMON STOCK 30219G108 10,620 171,900 SH   DFND 1,2 171,900 0 0
FREEPORT-MCMORAN COPPER & GOLD COMMON STOCK 35671D857 3,806 115,054 SH   DFND 1,2 115,054 0 0
FREESCALE SEMICONDUCTOR LTD COMMON STOCK B4349B0 2,949 177,100 SH   DFND 1,2 177,100 0 0
GENPACT LTD COMMON STOCK B23DBK6 131,629 6,971,863 SH   DFND 1,2 6,971,863 0 0
GERDAU SA PN ADR COMMON STOCK 373737105 96,149 12,888,600 SH   DFND 1,2 12,888,600 0 0
GILEAD SCIENCES INC COMMON STOCK 375558103 75,980 1,209,100 SH   DFND 1,2 1,209,100 0 0
GOLDMAN SACHS GROUP INC COMMON STOCK 38141G104 37,491 236,970 SH   DFND 1,2 236,970 0 0
GOOGLE INC CL A COMMON STOCK 38259P508 29,696 33,903 SH   DFND 1,2 33,903 0 0
GRANA Y MONTERO SAA ADR COMMON STOCK 38500P208 21,577 1,081,000 SH   DFND 1,2 1,081,000 0 0
HALLIBURTON CO COMMON STOCK 406216101 19,648 408,067 SH   DFND 1,2 408,067 0 0
HDFC BANK LTD ADR COMMON STOCK 40415F101 2,170 70,500 SH   DFND 1,2 70,500 0 0
HEXCEL CORPORATION COMMON STOCK 428291108 4,655 119,975 SH   DFND 1,2 119,975 0 0
HOME DEPOT INC COMMON STOCK 437076102 12,432 163,900 SH   DFND 1,2 163,900 0 0
ICICI BANK LTD ADR COMMON STOCK 45104G104 62,746 2,058,600 SH   DFND 1,2 2,058,600 0 0
IDEX CORP COMMON STOCK 45167R104 6,105 93,566 SH   DFND 1,2 93,566 0 0
IRON MOUNTAIN INC COMMON STOCK 462846106 4,644 171,876 SH   DFND 1,2 171,876 0 0
ITAU UNIBANCO HOLDING SA PN ADR COMMON STOCK 465562106 75,105 5,319,016 SH   DFND 1,2 5,319,016 0 0
JABIL CIRCUIT INC COMMON STOCK 466313103 3,627 167,300 SH   DFND 1,2 167,300 0 0
JPMORGAN CHASE & CO COMMON STOCK 46625H100 10,361 200,443 SH   DFND 1,2 200,443 0 0
KLA-TENCOR CORP COMMON STOCK 482480100 1,217 20,000 SH   DFND 1,2 20,000 0 0
LULULEMON ATHLETICA INC COMMON STOCK 550021109 10,130 138,600 SH   DFND 1,2 138,600 0 0
LYONDELLBASELL INDUSTRIES NV A COMMON STOCK B3SPXZ3 9,373 128,000 SH   DFND 1,2 128,000 0 0
MARSH & MCLENNAN COMPANIES INC COMMON STOCK 571748102 18,653 428,300 SH   DFND 1,2 428,300 0 0
MELCO CROWN ENTERTAINMENT LTD ADR COMMON STOCK 585464100 124,618 3,915,100 SH   DFND 1,2 3,915,100 0 0
MINDRAY MEDICAL INTL LTD CL A ADR COMMON STOCK 602675100 28,576 734,800 SH   DFND 1,2 734,800 0 0
MONDELEZ INTERNATIONAL INC COMMON STOCK 609207105 534 17,000 SH   DFND 1,2 17,000 0 0
MOSAIC COMPANY (THE) COMMON STOCK 61945C103 10,845 252,100 SH   DFND 1,2 252,100 0 0
MONSANTO CO COMMON STOCK 61166W101 5,065 48,529 SH   DFND 1,2 48,529 0 0
NEW ORIENTAL EDU & TECH GRP INC ADR COMMON STOCK 647581107 30,298 1,216,800 SH   DFND 1,2 1,216,800 0 0
NEWELL RUBBERMAID INC COMMON STOCK 651229106 6,633 241,200 SH   DFND 1,2 241,200 0 0
NIELSEN HOLDINGS NV COMMON STOCK B4NTRF5 17,609 483,100 SH   DFND 1,2 483,100 0 0
NIKE INC CL B COMMON STOCK 654106103 9,581 131,900 SH   DFND 1,2 131,900 0 0
NOBLE ENERGY INC COMMON STOCK 655044105 19,044 284,200 SH   DFND 1,2 284,200 0 0
NORFOLK SOUTHERN CORP COMMON STOCK 655844108 3,054 39,478 SH   DFND 1,2 39,478 0 0
OI SA ON ADR COMMON STOCK 670851104 1,789 922,377 SH   DFND 1,2 922,377 0 0
OI SA PN ADR COMMON STOCK 670851203 49,998 27,172,719 SH   DFND 1,2 27,172,719 0 0
ON SEMICONDUCTOR CORP COMMON STOCK 682189105 2,370 324,700 SH   DFND 1,2 324,700 0 0
ORACLE CORP COMMON STOCK 68389X105 21,099 636,100 SH   DFND 1,2 636,100 0 0
PHILIP MORRIS INTERNATIONAL COMMON STOCK 718172109 13,703 158,249 SH   DFND 1,2 158,249 0 0
POLYPORE INTERNATIONAL INC COMMON STOCK 73179V103 5,470 133,500 SH   DFND 1,2 133,500 0 0
PROCTER & GAMBLE CO COMMON STOCK 742718109 14,702 194,500 SH   DFND 1,2 194,500 0 0
PROGRESSIVE CORP COMMON STOCK 743315103 1,947 71,502 SH   DFND 1,2 71,502 0 0
ROYAL CARIBBEAN CRUISES LTD COMMON STOCK 2754907 9,532 249,000 SH   DFND 1,2 249,000 0 0
SCHLUMBERGER LTD COMMON STOCK 806857108 18,019 203,922 SH   DFND 1,2 203,922 0 0
SCRIPPS NETWORKS INTERACTIVE INC CL A COMMON STOCK 811065101 3,203 41,000 SH   DFND 1,2 41,000 0 0
SEADRILL LTD COMMON STOCK B09RMQ1 12,333 274,923 SH   DFND 1,2 274,923 0 0
SEATTLE GENETICS INC COMMON STOCK 812578102 9,095 207,500 SH   DFND 1,2 207,500 0 0
STARBUCKS CORP COMMON STOCK 855244109 15,002 194,900 SH   DFND 1,2 194,900 0 0
TAIWAN SEMICONDUCTOR MFG CO ADR COMMON STOCK 874039100 1,373 80,948 SH   DFND 1,2 80,948 0 0
TENARIS SA ADR COMMON STOCK 88031M109 24,903 532,346 SH   DFND 1,2 532,346 0 0
TIFFANY & CO COMMON STOCK 886547108 3,111 40,600 SH   DFND 1,2 40,600 0 0
TIM PARTICIPACOES SA ON ADR COMMON STOCK 88706P205 2,692 114,200 SH   DFND 1,2 114,200 0 0
UBS AG NAMEN COMMON STOCK B18YFJ4 5,144 251,418 SH   DFND 1,2 251,418 0 0
UNITED TECHNOLOGIES CORP COMMON STOCK 913017109 6,781 62,891 SH   DFND 1,2 62,891 0 0
VERISIGN INC COMMON STOCK 92343E102 20,524 403,300 SH   DFND 1,2 403,300 0 0
VISA INC CL A COMMON STOCK 92826C839 15,833 82,850 SH   DFND 1,2 82,850 0 0
WHIRLPOOL CORP COMMON STOCK 963320106 11,115 75,900 SH   DFND 1,2 75,900 0 0
YANDEX NV A COMMON STOCK B5BSZB3 192,250 5,278,700 SH   DFND 1,2 5,278,700 0 0