CQS Cayman 13F-HR Quarterly holdings report by institutional manager

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

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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
ACHAOGEN INC	COM	004449104	251	90,850	SH		DFND	1 2 3 4	0	90,850	0
AETNA INC NEW	COM	00817Y108	9,327	83,012	SH		DFND	1 2 3 4	0	83,012	0
AGILENT TECHNOLOGIES INC	COM	00846U101	299	7,500	SH		DFND	1 2 3 4	0	7,500	0
ALLERGAN PLC	SHS	G0177J108	58,256	217,347	SH		DFND	1 2 3 4	0	217,347	0
ALLSCRIPTS HEALTHCARE SOLUTN	NOTE 1.250% 7/0	01988PAD0	29,124	28,500,000	PRN		DFND	1 2 3 4	0	0	0
ALTISOURCE PORTFOLIO SOLNS S	REG SHS	L0175J104	9,105	377,025	SH		DFND	1 2 3 4	0	377,025	0
ANADARKO PETE CORP	COM	032511107	932	20,000	SH		DFND	1 2 3 4	0	20,000	0
ATLASSIAN CORP PLC	CL A	G06242104	7,652	304,285	SH		DFND	1 2 3 4	0	304,285	0
BANCO BILBAO VIZCAYA FDIC TL	DEBT 9.000%12/2	E1R845AX9	1,049	1,000,000	PRN		DFND	1 2 3 4	0	0	0
BAXALTA INC	COM	07177M103	2,525	62,500	SH		DFND	1 2 3 4	0	62,500	0
BIOGEN INC	COM	09062X103	6,404	24,600	SH		DFND	1 2 3 4	0	24,600	0
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	5,189	62,920	SH		DFND	1 2 3 4	0	62,920	0
CANADIAN SOLAR INC	NOTE 4.250% 2/1	136635AE9	2,560	3,000,000	PRN		DFND	1 2 3 4	0	0	0
CARDTRONICS INC	NOTE 1.000%12/0	14161HAG3	10,617	10,900,000	PRN		DFND	1 2 3 4	0	0	0
CARNIVAL CORP	PAIRED CTF	143658300	83,927	1,595,289	SH		DFND	1 2 3 4	0	1,595,289	0
CAVIUM INC	COM	14964U108	262	4,289	SH		DFND	1 2 3 4	0	4,289	0
CIGNA CORPORATION	COM	125509109	1,475	10,750	SH		DFND	1 2 3 4	0	10,750	0
CNA FINL CORP	COM	126117100	596	18,517	SH		DFND	1 2 3 4	0	18,517	0
COMCAST CORP NEW	CL A	20030N101	519	8,500	SH		DFND	1 2 3 4	0	8,500	0
COMMUNITY HEALTH SYS INC NEW	RIGHT 99/99/9999	203668116	18	2,500,000	SH		DFND	1 2 3 4	0	2,500,000	0
CONCHO RES INC	COM	20605P101	808	8,000	SH		DFND	1 2 3 4	0	8,000	0
CONSTELLIUM NV	CL A	N22035104	5,761	1,110,000	SH		DFND	1 2 3 4	0	1,110,000	0
CYNAPSUS THERAPEUTICS INC	COM PAR NO PAR	23257Y859	476	40,000	SH		DFND	1 2 3 4	0	40,000	0
DEVON ENERGY CORP NEW	COM	25179M103	411	15,000	SH		DFND	1 2 3 4	0	15,000	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	8,860	309,480	SH		DFND	1 2 3 4	0	309,480	0
DYNAVAX TECHNOLOGIES CORP	COM NEW	268158201	5,442	282,853	SH		DFND	1 2 3 4	0	282,853	0
E M C CORP MASS	COM	268648102	5,509	206,700	SH		DFND	1 2 3 4	0	206,700	0
ENERGY FUELS INC	COM NEW	292671708	983	441,997	SH		DFND	1 2 3 4	0	441,997	0
EURONAV NV ANTWERPEN	SHS	B38564108	2,149	210,000	SH		DFND	1 2 3 4	0	210,000	0
EURONET WORLDWIDE INC	NOTE 1.500%10/0	298736AH2	20,099	16,700,000	PRN		DFND	1 2 3 4	0	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	3,626	38,800	SH		DFND	1 2 3 4	0	38,800	0
FIDELITY NATIONAL FINANCIAL	NOTE 4.250% 8/1	31620RAE5	57,418	30,650,000	PRN		DFND	1 2 3 4	0	0	0
FRANKLIN RES INC	COM	354613101	7,810	200,000	SH	Put	DFND	1 2 3 4	0	200,000	0
GRACE W R & CO DEL NEW	COM	38388F108	6,923	97,265	SH		DFND	1 2 3 4	0	97,265	0
HILTON WORLDWIDE HLDGS INC	COM	43300A104	529	23,500	SH		DFND	1 2 3 4	0	23,500	0
HORIZON PHARMA PLC	SHS	G4617B105	994	60,000	SH		DFND	1 2 3 4	0	60,000	0
INCYTE CORP	COM	45337C102	6,975	96,250	SH		DFND	1 2 3 4	0	96,250	0
INGRAM MICRO INC	CL A	457153104	503	14,000	SH		DFND	1 2 3 4	0	14,000	0
INTEL CORP	SDCV 3.250% 8/0	458140AF7	20,757	13,000,000	PRN		DFND	1 2 3 4	0	0	0
JARDEN CORP	COM	471109108	4,510	76,500	SH		DFND	1 2 3 4	0	76,500	0
LIBERTY BROADBAND CORP	COM SER C	530307305	2,178	37,576	SH		DFND	1 2 3 4	0	37,576	0
LIBERTY GLOBAL PLC	LILAC SHS CL A	G5480U138	11,480	327,434	SH		DFND	1 2 3 4	0	327,434	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	14,759	383,361	SH		DFND	1 2 3 4	0	383,361	0
LIBERTY INTERACTIVE CORP	LBT VENT COM A	53071M880	7,480	191,195	SH		DFND	1 2 3 4	0	191,195	0
LIBERTY MEDIA CORP DELAWARE	COM SER C	531229300	8,365	219,630	SH		DFND	1 2 3 4	0	219,630	0
LIBERTY MEDIA CORP DELAWARE	NOTE 1.375%10/1	531229AB8	9,500	9,500,000	PRN		DFND	1 2 3 4	0	0	0
LIBERTY TRIPADVISOR HLDGS IN	COM SER A	531465102	4,468	201,638	SH		DFND	1 2 3 4	0	201,638	0
LINKEDIN CORP	NOTE 0.500%11/0	53578AAB4	12,254	13,500,000	PRN		DFND	1 2 3 4	0	0	0
MAG SILVER CORP	COM	55903Q104	330	35,000	SH		DFND	1 2 3 4	0	35,000	0
MCKESSON CORP	COM	58155Q103	7,142	45,416	SH		DFND	1 2 3 4	0	45,416	0
MICROCHIP TECHNOLOGY INC	NOTE 1.625% 2/1	595017AD6	8,093	7,900,000	PRN		DFND	1 2 3 4	0	0	0
MICRON TECHNOLOGY INC	NOTE 2.375% 5/0	595112AW3	13,010	10,300,000	PRN		DFND	1 2 3 4	0	0	0
MICRON TECHNOLOGY INC	NOTE 3.125% 5/0	595112AX1	774	600,000	PRN		DFND	1 2 3 4	0	0	0
MOLINA HEALTHCARE INC	NOTE 1.125% 1/1	60855RAC4	65,996	40,000,000	PRN		DFND	1 2 3 4	0	0	0
MONSANTO CO NEW	COM	61166W101	6,471	73,749	SH		DFND	1 2 3 4	0	73,749	0
NATIONAL BANK OF ABU DHABI	MTNF 1.000% 3/1	M7080ZTU0	3,130	3,200,000	PRN		DFND	1 2 3 4	0	0	0
NATIONAL WESTMINSTER BK PLC	SPON ADR C	638539882	468	18,145	SH		DFND	1 2 3 4	0	18,145	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	9,658	975,549	SH		DFND	1 2 3 4	0	975,549	0
NEWS CORP NEW	CL A	65249B109	7,546	590,935	SH		DFND	1 2 3 4	0	590,935	0
NVIDIA CORP	NOTE 1.000%12/0	67066GAC8	33,000	18,450,000	PRN		DFND	1 2 3 4	0	0	0
NXP SEMICONDUCTORS N V	COM	N6596X109	2,246	27,711	SH		DFND	1 2 3 4	0	27,711	0
OCCIDENTAL PETE CORP DEL	COM	674599105	2,457	35,900	SH		DFND	1 2 3 4	0	35,900	0
OCWEN FINL CORP	COM NEW	675746309	3,343	1,353,344	SH		DFND	1 2 3 4	0	1,353,344	0
OREXIGEN THERAPEUTICS INC	COM	686164104	64	113,000	SH		DFND	1 2 3 4	0	113,000	0
PARSLEY ENERGY INC	CL A	701877102	565	25,000	SH		DFND	1 2 3 4	0	25,000	0
PIONEER NAT RES CO	COM	723787107	1,408	10,000	SH		DFND	1 2 3 4	0	10,000	0
PRETIUM RES INC	COM	74139C102	802	150,000	SH		DFND	1 2 3 4	0	150,000	0
PRICELINE GRP INC	NOTE 0.350% 6/1	741503AS5	11,674	9,700,000	PRN		DFND	1 2 3 4	0	0	0
PRICELINE GRP INC	NOTE 1.000% 3/1	741503AQ9	38,089	26,500,000	PRN		DFND	1 2 3 4	0	0	0
PROSPECT CAPITAL CORPORATION	NOTE 5.375%10/1	74348TAK8	1,006	1,000,000	PRN		DFND	1 2 3 4	0	0	0
PROSPECT CAPITAL CORPORATION	NOTE 5.750% 3/1	74348TAL6	12,259	12,500,000	PRN		DFND	1 2 3 4	0	0	0
PROSPECT CAPITAL CORPORATION	NOTE 5.875% 1/1	74348TAM4	2,857	3,000,000	PRN		DFND	1 2 3 4	0	0	0
RED HAT INC	COM	756577102	9,249	124,126	SH		DFND	1 2 3 4	0	124,126	0
RED HAT INC	NOTE 0.250%10/0	756577AD4	12,936	10,400,000	PRN		DFND	1 2 3 4	0	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	1,747	62,071	SH		DFND	1 2 3 4	0	62,071	0
RITE AID CORP	COM	767754104	3,484	427,500	SH		DFND	1 2 3 4	0	427,500	0
ROYAL BK SCOTLAND GROUP PLC	SP ADR PREF T	780097713	734	29,000	SH		DFND	1 2 3 4	0	29,000	0
RYANAIR HLDGS PLC	SPONSORED ADR NE	783513203	23,334	270,714	SH		DFND	1 2 3 4	0	270,714	0
RYLAND GROUP INC	NOTE 0.250% 6/0	783764AS2	312	350,000	PRN		DFND	1 2 3 4	0	0	0
SALESFORCE COM INC	NOTE 0.250% 4/0	79466LAD6	9,682	7,816,000	PRN		DFND	1 2 3 4	0	0	0
SANDISK CORP	NOTE 0.500%10/1	80004CAF8	45,915	44,000,000	PRN		DFND	1 2 3 4	0	0	0
SEACOR HOLDINGS INC	NOTE 2.500%12/1	811904AM3	2,295	2,400,000	PRN		DFND	1 2 3 4	0	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	545	7,000	SH		DFND	1 2 3 4	0	7,000	0
SPIRIT RLTY CAP INC NEW	NOTE 3.750% 5/1	84860WAB8	28,090	27,500,000	PRN		DFND	1 2 3 4	0	0	0
STILLWATER MNG CO	NOTE 1.750%10/1	86074QAL6	2,954	2,727,000	PRN		DFND	1 2 3 4	0	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	4,786	182,669	SH		DFND	1 2 3 4	0	182,669	0
TESLA MTRS INC	NOTE 0.250% 3/0	88160RAB7	1,725	1,900,000	PRN		DFND	1 2 3 4	0	0	0
TESLA MTRS INC	NOTE 1.500% 6/0	88160RAA9	2,033	1,100,000	PRN		DFND	1 2 3 4	0	0	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	11,367	212,436	SH		DFND	1 2 3 4	0	212,436	0
ULTRAGENYX PHARMACEUTICAL IN	COM	90400D108	4,071	64,300	SH		DFND	1 2 3 4	0	64,300	0
UNITED MICROELECTRONICS CORP	SPON ADR NEW	910873405	4,437	2,133,210	SH		DFND	1 2 3 4	0	2,133,210	0
UR ENERGY INC	COM	91688R108	2,979	5,939,128	SH		DFND	1 2 3 4	0	5,939,128	0
VALEANT PHARMACEUTICALS INTL	COM	91911K102	2,630	100,000	SH		DFND	1 2 3 4	0	100,000	0
VERISIGN INC	SDCV 3.250% 8/1	92343EAD4	77,747	30,000,000	PRN		DFND	1 2 3 4	0	0	0
VIPSHOP HLDGS LTD	NOTE 1.500% 3/1	92763WAA1	2,509	2,500,000	PRN		DFND	1 2 3 4	0	0	0
VIPSHOP HLDGS LTD	SPONSORED ADR	92763W103	178	13,800	SH		DFND	1 2 3 4	0	13,800	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	1,053	12,500	SH		DFND	1 2 3 4	0	12,500	0
WELLPOINT INC	NOTE 2.750%10/1	94973VBG1	16,061	8,350,000	PRN		DFND	1 2 3 4	0	0	0
WESTERN DIGITAL CORP	COM	958102105	567	12,000	SH		DFND	1 2 3 4	0	12,000	0
WRIGHT MED GROUP INC	NOTE 2.000% 2/1	98235TAE7	9,711	10,700,000	PRN		DFND	1 2 3 4	0	0	0
YOUKU TUDOU INC	SPONSORED ADR	98742U100	3,505	127,500	SH		DFND	1 2 3 4	0	127,500	0
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	536	30,000	SH		DFND	1 2 3 4	0	30,000	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	6,463	60,607	SH		DFND	1 2 3 4	0	60,607	0
ZOETIS INC	CL A	98978V103	12,430	280,395	SH		DFND	1 2 3 4	0	280,395	0