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 8,740 106,300 SH   DFND 1,2 106,300 0 0
ACE LTD COMMON STOCK B3BQMF6 10,042 97,000 SH   DFND 1,2 97,000 0 0
ALLEGHENY TECHNOLOGIES INC COMMON STOCK 01741R102 3,151 88,437 SH   DFND 1,2 88,437 0 0
ALLERGAN INC COMMON STOCK 018490102 666 6,000 SH   DFND 1,2 6,000 0 0
AMAZON.COM INC COMMON STOCK 023135106 11,126 27,900 SH   DFND 1,2 27,900 0 0
AMERICAN TOWER CORP (REIT) COMMON STOCK 03027X100 24,480 306,692 SH   DFND 1,2 306,692 0 0
AON PLC CL A COMMON STOCK B5BT0K0 3,892 46,400 SH   DFND 1,2 46,400 0 0
APPLE INC COMMON STOCK 037833100 19,409 34,590 SH   DFND 1,2 34,590 0 0
ARCOS DORADOS HOLDINGS INC CL A COMMON STOCK B529PQ0 65,597 5,412,332 SH   DFND 1,2 5,412,332 0 0
ASML HOLDING NV (USD) COMMON STOCK B908F01 2,172 23,184 SH   DFND 1,2 23,184 0 0
AVAGO TECHNOLOGIES LTD COMMON STOCK B3WS2X9 4,765 90,100 SH   DFND 1,2 90,100 0 0
B/E AEROSPACE INC COMMON STOCK 073302101 7,589 87,200 SH   DFND 1,2 87,200 0 0
BANCO BRADESCO SA PN ADR COMMON STOCK 059460303 93,902 7,494,185 SH   DFND 1,2 7,494,185 0 0
BB&T CORPORATION COMMON STOCK 054937107 10,659 285,600 SH   DFND 1,2 285,600 0 0
BLACKROCK INC COMMON STOCK 09247X101 10,100 31,916 SH   DFND 1,2 31,916 0 0
BOEING CO COMMON STOCK 097023105 21,170 155,100 SH   DFND 1,2 155,100 0 0
BRF SA ON ADR COMMON STOCK 10552T107 18,833 902,400 SH   DFND 1,2 902,400 0 0
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 37,008 696,300 SH   DFND 1,2 696,300 0 0
BROADCOM CORP CL A COMMON STOCK 111320107 10,831 365,300 SH   DFND 1,2 365,300 0 0
CAMECO CORP COMMON STOCK 13321L108 1,523 73,435 SH   DFND 1,2 73,435 0 0
CARNIVAL CORP COMMON PAIRED STOCK UNITS 143658300 2,631 65,500 SH   DFND 1,2 65,500 0 0
CATERPILLAR INC COMMON STOCK 149123101 10,643 117,200 SH   DFND 1,2 117,200 0 0
CBS CORP CL B N/V COMMON STOCK 124857202 5,717 89,700 SH   DFND 1,2 89,700 0 0
CEMEX SAB DE CV CPO UNIT ADR (2 A SHRS + 1 B SHR) COMMON STOCK 151290889 91,583 7,741,608 SH   DFND 1,2 7,741,608 0 0
CENOVUS ENERGY INC COMMON STOCK 15135U109 17,501 611,667 SH   DFND 1,2 611,667 0 0
CENTENE CORP COMMON STOCK 15135B101 5,836 99,000 SH   DFND 1,2 99,000 0 0
CERNER CORPORATION COMMON STOCK 156782104 1,892 33,936 SH   DFND 1,2 33,936 0 0
CHARTER COMMUNICATIONS INC CL A COMMON STOCK 16117M305 9,997 73,100 SH   DFND 1,2 73,100 0 0
CHEVRON CORP COMMON STOCK 166764100 19,923 159,497 SH   DFND 1,2 159,497 0 0
CLIFFS NATURAL RESOURCES INC COMMON STOCK 18683K101 2,296 87,611 SH   DFND 1,2 87,611 0 0
CME GROUP INC CL A COMMON STOCK 12572Q105 15,009 191,300 SH   DFND 1,2 191,300 0 0
COACH INC COMMON STOCK 189754104 4,614 82,200 SH   DFND 1,2 82,200 0 0
COBALT INTERNATIONAL ENERGY INC COMMON STOCK 19075F106 57,625 3,503,057 SH   DFND 1,2 3,503,057 0 0
COCA-COLA CO COMMON STOCK 191216100 434 10,500 SH   DFND 1,2 10,500 0 0
COMCAST CORP CL A COMMON STOCK 20030N101 11,136 214,300 SH   DFND 1,2 214,300 0 0
DANAHER CORP COMMON STOCK 235851102 34,450 446,248 SH   DFND 1,2 446,248 0 0
DELPHI AUTOMOTIVE PLC COMMON STOCK B783TY6 14,912 248,000 SH   DFND 1,2 248,000 0 0
DEUTSCHE BANK AG NAMEN COMMON STOCK 5750355 8,020 167,845 SH   DFND 1,2 167,845 0 0
DREAMWORKS ANIMATION SKG INC CL A COMMON STOCK 26153C103 3,514 98,984 SH   DFND 1,2 98,984 0 0
EATON CORP PLC COMMON STOCK B8KQN82 30,212 396,900 SH   DFND 1,2 396,900 0 0
ENBRIDGE INC COMMON STOCK 29250N105 12,060 276,100 SH   DFND 1,2 276,100 0 0
ENERSIS SA ADR COMMON STOCK 29274F104 59,262 3,953,431 SH   DFND 1,2 3,953,431 0 0
ENSCO PLC CL A COMMON STOCK B4VLR19 86,022 1,504,400 SH   DFND 1,2 1,504,400 0 0
EXPRESS SCRIPTS HOLDING CO COMMON STOCK 30219G108 11,927 169,800 SH   DFND 1,2 169,800 0 0
FREEPORT-MCMORAN COPPER & GOLD COMMON STOCK 35671D857 4,342 115,054 SH   DFND 1,2 115,054 0 0
FREESCALE SEMICONDUCTOR LTD COMMON STOCK B4349B0 2,842 177,100 SH   DFND 1,2 177,100 0 0
GENPACT LTD COMMON STOCK B23DBK6 70,265 3,824,970 SH   DFND 1,2 3,824,970 0 0
GERDAU SA PN ADR COMMON STOCK 373737105 101,994 13,009,500 SH   DFND 1,2 13,009,500 0 0
GILEAD SCIENCES INC COMMON STOCK 375558103 79,261 1,054,700 SH   DFND 1,2 1,054,700 0 0
GOLDMAN SACHS GROUP INC COMMON STOCK 38141G104 42,413 239,270 SH   DFND 1,2 239,270 0 0
GOOGLE INC CL A COMMON STOCK 38259P508 41,694 37,203 SH   DFND 1,2 37,203 0 0
GRANA Y MONTERO SAA ADR COMMON STOCK 38500P208 24,274 1,143,400 SH   DFND 1,2 1,143,400 0 0
HALLIBURTON CO COMMON STOCK 406216101 11,675 230,055 SH   DFND 1,2 230,055 0 0
HDFC BANK LTD ADR COMMON STOCK 40415F101 2,428 70,500 SH   DFND 1,2 70,500 0 0
HEXCEL CORPORATION COMMON STOCK 428291108 9,720 217,500 SH   DFND 1,2 217,500 0 0
HOME DEPOT INC COMMON STOCK 437076102 12,829 155,800 SH   DFND 1,2 155,800 0 0
ICICI BANK LTD ADR COMMON STOCK 45104G104 76,719 2,064,000 SH   DFND 1,2 2,064,000 0 0
IDEX CORP COMMON STOCK 45167R104 6,622 89,666 SH   DFND 1,2 89,666 0 0
INTERCONTINENTALEXCHANGE GROUP INC COMMON STOCK 45866F104 4,723 21,000 SH   DFND 1,2 21,000 0 0
IRON MOUNTAIN INC COMMON STOCK 462846106 4,867 160,376 SH   DFND 1,2 160,376 0 0
ITAU UNIBANCO HOLDING SA PN ADR COMMON STOCK 465562106 109,506 8,069,716 SH   DFND 1,2 8,069,716 0 0
JABIL CIRCUIT INC COMMON STOCK 466313103 2,918 167,300 SH   DFND 1,2 167,300 0 0
JPMORGAN CHASE & CO COMMON STOCK 46625H100 11,546 197,443 SH   DFND 1,2 197,443 0 0
KLA-TENCOR CORP COMMON STOCK 482480100 1,289 20,000 SH   DFND 1,2 20,000 0 0
LULULEMON ATHLETICA INC COMMON STOCK 550021109 8,536 144,600 SH   DFND 1,2 144,600 0 0
LYONDELLBASELL INDUSTRIES NV A COMMON STOCK B3SPXZ3 7,594 94,600 SH   DFND 1,2 94,600 0 0
MARSH & MCLENNAN COMPANIES INC COMMON STOCK 571748102 20,234 418,400 SH   DFND 1,2 418,400 0 0
MELCO CROWN ENTERTAINMENT LTD ADR COMMON STOCK 585464100 154,648 3,943,100 SH   DFND 1,2 3,943,100 0 0
MINDRAY MEDICAL INTL LTD CL A ADR COMMON STOCK 602675100 27,506 756,500 SH   DFND 1,2 756,500 0 0
MONDELEZ INTERNATIONAL INC COMMON STOCK 609207105 519 14,700 SH   DFND 1,2 14,700 0 0
MONSANTO CO COMMON STOCK 61166W101 2,020 17,329 SH   DFND 1,2 17,329 0 0
MOSAIC COMPANY (THE) COMMON STOCK 61945C103 9,719 205,600 SH   DFND 1,2 205,600 0 0
NEW ORIENTAL EDU & TECH GRP INC ADR COMMON STOCK 647581107 48,466 1,538,600 SH   DFND 1,2 1,538,600 0 0
NEWELL RUBBERMAID INC COMMON STOCK 651229106 7,493 231,200 SH   DFND 1,2 231,200 0 0
NIELSEN HOLDINGS NV COMMON STOCK B4NTRF5 21,449 467,400 SH   DFND 1,2 467,400 0 0
NIKE INC CL B COMMON STOCK 654106103 9,972 126,800 SH   DFND 1,2 126,800 0 0
NOBLE ENERGY INC COMMON STOCK 655044105 10,945 160,700 SH   DFND 1,2 160,700 0 0
NORFOLK SOUTHERN CORP COMMON STOCK 655844108 2,671 28,778 SH   DFND 1,2 28,778 0 0
OI SA ON ADR COMMON STOCK 670851104 1,513 922,377 SH   DFND 1,2 922,377 0 0
OI SA PN ADR COMMON STOCK 670851203 27,928 17,564,919 SH   DFND 1,2 17,564,919 0 0
ON SEMICONDUCTOR CORP COMMON STOCK 682189105 2,566 311,400 SH   DFND 1,2 311,400 0 0
ORACLE CORP COMMON STOCK 68389X105 23,671 618,700 SH   DFND 1,2 618,700 0 0
PHILIP MORRIS INTERNATIONAL COMMON STOCK 718172109 10,660 122,349 SH   DFND 1,2 122,349 0 0
POLYPORE INTERNATIONAL INC COMMON STOCK 73179V103 5,045 129,700 SH   DFND 1,2 129,700 0 0
PROCTER & GAMBLE CO COMMON STOCK 742718109 15,883 195,100 SH   DFND 1,2 195,100 0 0
PROGRESSIVE CORP COMMON STOCK 743315103 1,950 71,502 SH   DFND 1,2 71,502 0 0
ROYAL CARIBBEAN CRUISES LTD COMMON STOCK 2754907 11,808 249,000 SH   DFND 1,2 249,000 0 0
SCHLUMBERGER LTD COMMON STOCK 806857108 17,997 199,722 SH   DFND 1,2 199,722 0 0
SCRIPPS NETWORKS INTERACTIVE INC CL A COMMON STOCK 811065101 3,543 41,000 SH   DFND 1,2 41,000 0 0
SEADRILL LTD COMMON STOCK B09RMQ1 8,891 217,864 SH   DFND 1,2 217,864 0 0
SEATTLE GENETICS INC COMMON STOCK 812578102 10,547 264,400 SH   DFND 1,2 264,400 0 0
STARBUCKS CORP COMMON STOCK 855244109 14,784 188,600 SH   DFND 1,2 188,600 0 0
TAIWAN SEMICONDUCTOR MFG CO ADR COMMON STOCK 874039100 1,412 80,948 SH   DFND 1,2 80,948 0 0
TENARIS SA ADR COMMON STOCK 88031M109 23,464 537,046 SH   DFND 1,2 537,046 0 0
TIFFANY & CO COMMON STOCK 886547108 3,238 34,900 SH   DFND 1,2 34,900 0 0
TIM PARTICIPACOES SA ON ADR COMMON STOCK 88706P205 2,997 114,200 SH   DFND 1,2 114,200 0 0
UBS AG NAMEN COMMON STOCK B18YFJ4 4,783 251,418 SH   DFND 1,2 251,418 0 0
UNITED TECHNOLOGIES CORP COMMON STOCK 913017109 6,190 54,391 SH   DFND 1,2 54,391 0 0
VERISIGN INC COMMON STOCK 92343E102 28,802 481,800 SH   DFND 1,2 481,800 0 0
VISA INC CL A COMMON STOCK 92826C839 17,714 79,550 SH   DFND 1,2 79,550 0 0
WHIRLPOOL CORP COMMON STOCK 963320106 11,765 75,000 SH   DFND 1,2 75,000 0 0
YANDEX NV A COMMON STOCK B5BSZB3 228,156 5,287,500 SH   DFND 1,2 5,287,500 0 0