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
Expires: July 31, 2015
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
ABBVIE INC COM 00287Y109 830,159 3,817 SH DFND 0 3,817 0
ADVANCED MICRO DEVICES INC COM 007903107 651,383 3,202 SH DFND 0 3,202 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 2,101,957 16,754 SH DFND 0 16,754 0
ALPHABET INC CAP STK CL A 02079K305 3,652,587 12,702 SH DFND 0 12,702 0
AMAZON COM INC COM 023135106 2,333,665 11,205 SH DFND 0 11,205 0
ANALOG DEVICES INC COM 032654105 674,775 2,121 SH DFND 0 2,121 0
AON PLC SHS CL A G0403H108 541,302 1,677 SH DFND 0 1,677 0
ARES MANAGEMENT CORPORATION 6.75 SE B PFD 03990B309 12,923,496 35,720,000 SH DFND 0 35,720,000 0
ASML HLDG NV N Y REGISTRY SHS N07059210 462,291 350 SH DFND 0 350 0
ASTRAZENECA PLC ORD G0593M107 478,653 2,427 SH DFND 0 2,427 0
AURORA MOBILE LTD SPON ADS 051857209 2,832,341 405,199 SH DFND 0 405,199 0
BAIDU INC SPON ADR REP A 056752108 778,937 6,991 SH DFND 0 6,991 0
BROADCOM INC COM 11135F101 471,384 1,523 SH DFND 0 1,523 0
BUTTERFLY NETWORK INC COM CL A 124155102 43,295,185 10,716,630 SH DFND 0 10,716,630 0
CATERPILLAR INC COM 149123101 692,874 978 SH DFND 0 978 0
CHAGEE HLDGS LTD SPONSORED ADS 15743P104 86,163,076 7,408,691 SH DFND 0 7,408,691 0
COCA COLA CO COM 191216100 229,367 3,016 SH DFND 0 3,016 0
CORNING INC COM 219350105 679,850 5,000 SH DFND 0 5,000 0
CRITICAL METALS CORP PUBCO ORD SHS G2662B103 132,328 16,666 SH DFND 0 16,666 0
DANAHER CORP DEL COM 235851102 227,520 1,200 SH DFND 0 1,200 0
DBX ETF TR XTRACK HRVST CSI 233051879 16,981,613 520,270 SH DFND 0 520,270 0
DEXCOM INC NOTE 0.375% 5/1 252131AM9 1,848,240 2,000,000 SH DFND 0 2,000,000 0
ETF SER SOLUTIONS DEFIANCE QUANTUM 26922A420 978,147 9,116 SH DFND 0 9,116 0
FUTU HLDGS LTD SPON ADS CL A 36118L106 1,389,618 10,161 SH DFND 0 10,161 0
GALLAGHER ARTHUR J & CO COM 363576109 449,404 2,075 SH DFND 0 2,075 0
GLOBAL PMTS INC NOTE 1.500% 3/0 37940XAU6 1,762,760 2,000,000 SH DFND 0 2,000,000 0
GLOBAL X FDS ARTIFICIAL ETF 37954Y632 1,945,626 41,689 SH DFND 0 41,689 0
HESAI GROUP SPONSORED ADS 428050108 2,602,041 136,090 SH DFND 0 136,090 0
HYPERFINE INC COM CL A 44916K106 1,881,382 1,742,020 SH DFND 0 1,742,020 0
INTEL CORP COM 458140100 508,995 11,534 SH DFND 0 11,534 0
INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 2,124,196 88,582 SH DFND 0 88,582 0
IQVIA HLDGS INC COM 46266C105 373,994 2,193 SH DFND 0 2,193 0
ISHARES INC MSCI STH KOR ETF 464286772 480,354 3,905 SH DFND 0 3,905 0
ISHARES TR CHINA LG-CAP ETF 464287184 2,050,177 57,108 SH DFND 0 57,108 0
ISHARES TR GLOB HLTHCRE ETF 464287325 604,362 6,461 SH DFND 0 6,461 0
ISHARES TR RUSSELL 2000 ETF 464287655 1,533,384 6,183 SH DFND 0 6,183 0
JD.COM INC NOTE 0.250% 6/0 47215PAJ5 1,998,320 2,000,000 SH DFND 0 2,000,000 0
J P MORGAN EXCHANGE TRADED F BETABULDRS JAPAN 46641Q217 335,592 4,870 SH DFND 0 4,870 0
LANVIN GROUP HOLDINGS LIMITED SHS G5380J100 136,404,665 90,334,215 SH DFND 0 90,334,215 0
KKR & CO INC 6.25 CON SER D 48251W500 20,391,540 50,700,000 SH DFND 0 50,700,000 0
MARVELL TECHNOLOGY INC COM 573874104 722,966 7,299 SH DFND 0 7,299 0
MICROSOFT CORP COM 594918104 3,513,283 9,491 SH DFND 0 9,491 0
MORGAN STANLEY COM NEW 617446448 555,753 3,377 SH DFND 0 3,377 0
MORGAN STANLEY DIRECT LENDIN COM SHS 61774A103 3,355,621 240,374 SH DFND 0 240,374 0
NASDAQ INC COM 631103108 1,727,512 20,350 SH DFND 0 20,350 0
NETFLIX INC. COM 64110L106 1,396,675 14,526 SH DFND 0 14,526 0
NVIDIA CORPORATION COM 67066G104 2,604,664 14,935 SH DFND 0 14,935 0
OCCIDENTAL PETE CORP COM 674599105 400,270 6,158 SH DFND 0 6,158 0
PDD HOLDINGS INC SPONSORED ADS 722304102 2,175,310 21,289 SH DFND 0 21,289 0
QUANTUM SI INC COM CL A 74765K105 575,806 743,935 SH DFND 0 743,935 0
ROCKWELL AUTOMATION INC COM 773903109 398,357 1,110 SH DFND 0 1,110 0
S&P GLOBAL INC COM 78409V104 529,548 1,245 SH DFND 0 1,245 0
SPDR SERIES TRUST STATE STREET SPD 78464A698 1,786,087 27,415 SH DFND 0 27,415 0
SPDR SERIES TRUST STATE STREET SPD 78464A755 3,570,703 33,059 SH DFND 0 33,059 0
SPDR SERIES TRUST STATE STREET SPD 78464A870 935,367 7,323 SH DFND 0 7,323 0
SYNOPSYS INC COM 871607107 1,449,927 3,657 SH DFND 0 3,657 0
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 2,176,060 6,439 SH DFND 0 6,439 0
TECK RESOURCES LTD CL B 878742204 262,166 5,066 SH DFND 0 5,066 0
THERMO FISHER SCIENTIFIC INC COM 883556102 406,004 826 SH DFND 0 826 0
TTM TECHNOLOGIES INC COM 87305R109 243,550 2,500 SH DFND 0 2,500 0
UNITEDHEALTH GROUP INC COM 91324P102 1,815,929 6,711 SH DFND 0 6,711 0
VISA INC COM CL A 92826C839 468,472 1,550 SH DFND 0 1,550 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 8,685,755 94,647 SH DFND 0 94,647 0
VANECK ETF TRUST RARE EARTH AND S 92189H805 668,272 7,594 SH DFND 0 7,594 0
WASTE MGMT INC DEL COM 94106L109 861,483 3,749 SH DFND 0 3,749 0
WELLS FARGO & CO COM 949746101 502,817 6,316 SH DFND 0 6,316 0