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
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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
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 19,976 918,423 SH   SOLE 0 918,423 0 0
ATLAS ENERGY LP COM UNITS LP 04930A104 6,634 135,410 SH   SOLE 0 135,410 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 482 21,993 SH   SOLE 0 21,993 0 0
AUTOZONE INC COM 053332102 4,047 9,552 SH   SOLE 0 9,552 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 2,124 163,260 SH   SOLE 0 163,260 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 318 12,987 SH   SOLE 0 12,987 0 0
BARCLAYS BK PLC IPMS INDIA ETN 06739F291 13,187 246,392 SH   SOLE 0 246,392 0 0
BELO CORP COM SER A 080555105 23,819 1,707,460 SH   SOLE 0 1,707,460 0 0
BERRY PETE CO CL A 085789105 15,879 375,213 SH   SOLE 0 375,213 0 0
BMC SOFTWARE INC COM 055921100 6,771 150,000 SH   SOLE 0 150,000 0 0
BRF-BRASIL FOODS S A SPONSORED ADR 10552T107 651 30,000 SH   SOLE 0 30,000 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 5,461 516,164 SH   SOLE 0 516,164 0 0
CHESAPEAKE ENERGY CORP COM 165167107 4,245 208,275 SH   SOLE 0 208,275 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 1,415 40,571 SH   SOLE 0 40,571 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 4,376 84,525 SH   SOLE 0 84,525 0 0
CITRIX SYS INC COM 177376100 2,023 33,535 SH   SOLE 0 33,535 0 0
CNOOC LTD SPONSORED ADR 126132109 2,298 13,722 SH   SOLE 0 13,722 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 2,317 16,513 SH   SOLE 0 16,513 0 0
COLONIAL PPTYS TR COM SH BEN INT 195872106 36,783 1,525,000 SH   SOLE 0 1,525,000 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 25,723 1,112,595 SH   SOLE 0 1,112,595 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 1,307 35,000 SH   SOLE 0 35,000 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 127 14,106 SH   SOLE 0 14,106 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 2,460 166,668 SH   SOLE 0 166,668 0 0
CREDICORP LTD COM G2519Y108 7,479 58,451 SH   SOLE 0 58,451 0 0
DOW CHEM CO COM 260543103 2,783 86,496 SH   SOLE 0 86,496 0 0
EBAY INC COM 278642103 2,010 38,871 SH   SOLE 0 38,871 0 0
EMPRESA NACIONAL DE ELCTRCID SPONSORED ADR 29244T101 1,170 26,490 SH   SOLE 0 26,490 0 0
ENERSIS S A SPONSORED ADR 29274F104 1,499 91,652 SH   SOLE 0 91,652 0 0
EXACTTARGET INC COM 30064K105 48,924 1,450,900 SH   SOLE 0 1,450,900 0 0
FACEBOOK INC CL A 30303M102 1,243 50,000 SH   SOLE 0 50,000 0 0
FAMILY DLR STORES INC COM 307000109 2,080 33,386 SH   SOLE 0 33,386 0 0
FIBRIA CELULOSE S A SP ADR REP COM 31573A109 222 20,000 SH   SOLE 0 20,000 0 0
FIRST FINL HLDGS INC COM 320239106 5,228 246,486 SH   SOLE 0 246,486 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 8,332 80,742 SH   SOLE 0 80,742 0 0
GARDNER DENVER INC COM 365558105 11,277 150,000 SH   SOLE 0 150,000 0 0
GENERAL MTRS CO COM 37045V100 3,180 95,481 SH   SOLE 0 95,481 0 0
GOOGLE INC CL A 38259P508 1,049 1,192 SH   SOLE 0 1,192 0 0
GRAINGER W W INC COM 384802104 1,970 7,810 SH   SOLE 0 7,810 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 4,515 181,750 SH   SOLE 0 181,750 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 1,269 35,005 SH   SOLE 0 35,005 0 0
HUDSON CITY BANCORP COM 443683107 122,937 13,421,093 SH   SOLE 0 13,421,093 0 0
INFOSYS LTD SPONSORED ADR 456788108 824 20,000 SH   SOLE 0 20,000 0 0
ISHARES INC MSCI MALAYSIA 464286830 4,633 297,940 SH   SOLE 0 297,940 0 0
ISHARES INC MSCI S KOREA 464286772 41,186 774,178 SH   SOLE 0 774,178 0 0
ISHARES TR RUSSELL 2000 464287655 3,778 38,889 SH   SOLE 0 38,889 0 0
ISHARES TR CORE S&P MCP ETF 464287507 4,588 39,726 SH   SOLE 0 39,726 0 0
ISHARES TR CORE S&P500 ETF 464287200 23,158 143,865 SH   SOLE 0 143,865 0 0
ISHARES TR FTSE CHINA25 IDX 464287184 27,537 846,782 SH   SOLE 0 846,782 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 2,329 180,288 SH   SOLE 0 180,288 0 0
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 851 28,712 SH   SOLE 0 28,712 0 0
KBR INC COM 48242W106 2,033 62,559 SH   SOLE 0 62,559 0 0
KOREA ELECTRIC PWR SPONSORED ADR 500631106 584 51,637 SH   SOLE 0 51,637 0 0
KT CORP SPONSORED ADR 48268K101 537 34,588 SH   SOLE 0 34,588 0 0
LATAM AIRLS GROUP S A SPONSORED ADR 51817R106 169 10,000 SH   SOLE 0 10,000 0 0
LG DISPLAY CO LTD SPONS ADR REP 50186V102 695 58,589 SH   SOLE 0 58,589 0 0
LUFKIN INDS INC COM 549764108 60,189 680,337 SH   SOLE 0 680,337 0 0
MARKET LEADER INC COM 57056R103 12,704 1,187,301 SH   SOLE 0 1,187,301 0 0
MARKET VECTORS ETF TR INDONESIA ETF 57060U753 42,581 1,471,869 SH   SOLE 0 1,471,869 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 8,961 473,106 SH   SOLE 0 473,106 0 0
NETSPEND HLDGS INC COM 64118V106 6,413 401,566 SH   SOLE 0 401,566 0 0
NV ENERGY INC COM 67073Y106 9,384 400,000 SH   SOLE 0 400,000 0 0
NYSE EURONEXT COM 629491101 20,369 492,004 SH   SOLE 0 492,004 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 2,564 60,000 SH   SOLE 0 60,000 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 29,608 1,095,874 SH   SOLE 0 1,095,874 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,100 82,000 SH   SOLE 0 82,000 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 1,918 130,800 SH   SOLE 0 130,800 0 0
PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 611 9,000 SH   SOLE 0 9,000 0 0
POSCO SPONSORED ADR 693483109 1,237 19,015 SH   SOLE 0 19,015 0 0
POWERSHARES ETF TRUST II GLOBL AGRI ETF 73936Q702 12,429 424,916 SH   SOLE 0 424,916 0 0
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 2,515 155,603 SH   SOLE 0 155,603 0 0
POWERSHS DB MULTI SECT COMM PS DB AGRICUL FD 73936B408 5,243 210,483 SH   SOLE 0 210,483 0 0
POWERSHS DB MULTI SECT COMM DB ENERGY FUND 73936B101 6,546 240,668 SH   SOLE 0 240,668 0 0
SEARS HLDGS CORP COM 812350106 7,475 177,640 SH   SOLE 0 177,640 0 0
SERVICE CORP INTL COM 817565104 23,036 1,277,659 SH   SOLE 0 1,277,659 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 1,212 30,000 SH   SOLE 0 30,000 0 0
SOUTHERN COPPER CORP COM 84265V105 3,630 131,422 SH   SOLE 0 131,422 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2,726 22,878 SH   SOLE 0 22,878 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 8,310 39,500 SH   SOLE 0 39,500 0 0
STELLARONE CORP COM 85856G100 1,405 71,499 SH   SOLE 0 71,499 0 0
STEWART ENTERPRISES INC CL A 860370105 66,104 5,049,950 SH   SOLE 0 5,049,950 0 0
TATA MTRS LTD SPONSORED ADR 876568502 234 10,000 SH   SOLE 0 10,000 0 0
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 354 15,500 SH   SOLE 0 15,500 0 0
TRONOX LTD SHS CL A Q9235V101 1,975 98,000 SH   SOLE 0 98,000 0 0
TUMI HLDGS INC COM 89969Q104 343 14,301 SH   SOLE 0 14,301 0 0
UNION PAC CORP COM 907818108 2,497 16,184 SH   SOLE 0 16,184 0 0
VALE S A ADR REPSTG PFD 91912E204 1,904 156,546 SH   SOLE 0 156,546 0 0
VALE S A ADR 91912E105 3,249 247,052 SH   SOLE 0 247,052 0 0
VALLEY NATL BANCORP COM 919794107 3,390 358,020 SH   SOLE 0 358,020 0 0
VANGUARD HEALTH SYS INC COM 922036207 9,941 479,339 SH   SOLE 0 479,339 0 0
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 6,963 179,549 SH   SOLE 0 179,549 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 7,666 115,798 SH   SOLE 0 115,798 0 0
VANGUARD TAX MANAGED INTL FD MSCI EAFE ETF 921943858 12,039 338,083 SH   SOLE 0 338,083 0 0
VIRGINIA COMM BANCORP INC COM 92778Q109 10,857 777,747 SH   SOLE 0 777,747 0 0
WILLIAMS COS INC DEL COM 969457100 3,966 122,134 SH   SOLE 0 122,134 0 0
WPX ENERGY INC COM 98212B103 770 40,678 SH   SOLE 0 40,678 0 0