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 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AMERICA MOVIL SAB DE CVSPON ADR L SHS02364W10519,976918,423SH SOLE0918,42300
ATLAS ENERGY LPCOM UNITS LP04930A1046,634135,410SH SOLE0135,41000
ATLAS RESOURCE PARTNERS LPCOM UNT LTD PR04941A10148221,993SH SOLE021,99300
AUTOZONE INCCOM0533321024,0479,552SH SOLE09,55200
BANCO BRADESCO S ASP ADR PFD NEW0594603032,124163,260SH SOLE0163,26000
BANCO SANTANDER CHILE NEWSP ADR REP COM05965X10931812,987SH SOLE012,98700
BARCLAYS BK PLCIPMS INDIA ETN06739F29113,187246,392SH SOLE0246,39200
BELO CORPCOM SER A08055510523,8191,707,460SH SOLE01,707,46000
BERRY PETE COCL A08578910515,879375,213SH SOLE0375,21300
BMC SOFTWARE INCCOM0559211006,771150,000SH SOLE0150,00000
BRF-BRASIL FOODS S ASPONSORED ADR10552T10765130,000SH SOLE030,00000
CEMEX SAB DE CVSPON ADR NEW1512908895,461516,164SH SOLE0516,16400
CHESAPEAKE ENERGY CORPCOM1651671074,245208,275SH SOLE0208,27500
CHINA LIFE INS CO LTDSPON ADR REP H16939P1061,41540,571SH SOLE040,57100
CHINA MOBILE LIMITEDSPONSORED ADR16941M1094,37684,525SH SOLE084,52500
CITRIX SYS INCCOM1773761002,02333,535SH SOLE033,53500
CNOOC LTDSPONSORED ADR1261321092,29813,722SH SOLE013,72200
COCA COLA FEMSA S A B DE C VSPON ADR REP L1912411082,31716,513SH SOLE016,51300
COLONIAL PPTYS TRCOM SH BEN INT19587210636,7831,525,000SH SOLE01,525,00000
COMMONWEALTH REITCOM SH BEN INT20323310125,7231,112,595SH SOLE01,112,59500
COMPANHIA DE BEBIDAS DAS AMESPON ADR PFD20441W2031,30735,000SH SOLE035,00000
COMPANHIA ENERGETICA DE MINASP ADR N-V PFD20440960112714,106SH SOLE014,10600
COMPANIA DE MINAS BUENAVENTUSPONSORED ADR2044481042,460166,668SH SOLE0166,66800
CREDICORP LTDCOMG2519Y1087,47958,451SH SOLE058,45100
DOW CHEM COCOM2605431032,78386,496SH SOLE086,49600
EBAY INCCOM2786421032,01038,871SH SOLE038,87100
EMPRESA NACIONAL DE ELCTRCIDSPONSORED ADR29244T1011,17026,490SH SOLE026,49000
ENERSIS S ASPONSORED ADR29274F1041,49991,652SH SOLE091,65200
EXACTTARGET INCCOM30064K10548,9241,450,900SH SOLE01,450,90000
FACEBOOK INCCL A30303M1021,24350,000SH SOLE050,00000
FAMILY DLR STORES INCCOM3070001092,08033,386SH SOLE033,38600
FIBRIA CELULOSE S ASP ADR REP COM31573A10922220,000SH SOLE020,00000
FIRST FINL HLDGS INCCOM3202391065,228246,486SH SOLE0246,48600
FOMENTO ECONOMICO MEXICANO SSPON ADR UNITS3444191068,33280,742SH SOLE080,74200
GARDNER DENVER INCCOM36555810511,277150,000SH SOLE0150,00000
GENERAL MTRS COCOM37045V1003,18095,481SH SOLE095,48100
GOOGLE INCCL A38259P5081,0491,192SH SOLE01,19200
GRAINGER W W INCCOM3848021041,9707,810SH SOLE07,81000
GRUPO TELEVISA SASPON ADR REP ORD40049J2064,515181,750SH SOLE0181,75000
HDFC BANK LTDADR REPS 3 SHS40415F1011,26935,005SH SOLE035,00500
HUDSON CITY BANCORPCOM443683107122,93713,421,093SH SOLE013,421,09300
INFOSYS LTDSPONSORED ADR45678810882420,000SH SOLE020,00000
ISHARES INCMSCI MALAYSIA4642868304,633297,940SH SOLE0297,94000
ISHARES INCMSCI S KOREA46428677241,186774,178SH SOLE0774,17800
ISHARES TRRUSSELL 20004642876553,77838,889SH SOLE038,88900
ISHARES TRCORE S&P MCP ETF4642875074,58839,726SH SOLE039,72600
ISHARES TRCORE S&P500 ETF46428720023,158143,865SH SOLE0143,86500
ISHARES TRFTSE CHINA25 IDX46428718427,537846,782SH SOLE0846,78200
ITAU UNIBANCO HLDG SASPON ADR REP PFD4655621062,329180,288SH SOLE0180,28800
KB FINANCIAL GROUP INCSPONSORED ADR48241A10585128,712SH SOLE028,71200
KBR INCCOM48242W1062,03362,559SH SOLE062,55900
KOREA ELECTRIC PWRSPONSORED ADR50063110658451,637SH SOLE051,63700
KT CORPSPONSORED ADR48268K10153734,588SH SOLE034,58800
LATAM AIRLS GROUP S ASPONSORED ADR51817R10616910,000SH SOLE010,00000
LG DISPLAY CO LTDSPONS ADR REP50186V10269558,589SH SOLE058,58900
LUFKIN INDS INCCOM54976410860,189680,337SH SOLE0680,33700
MARKET LEADER INCCOM57056R10312,7041,187,301SH SOLE01,187,30100
MARKET VECTORS ETF TRINDONESIA ETF57060U75342,5811,471,869SH SOLE01,471,86900
MOBILE TELESYSTEMS OJSCSPONSORED ADR6074091098,961473,106SH SOLE0473,10600
NETSPEND HLDGS INCCOM64118V1066,413401,566SH SOLE0401,56600
NV ENERGY INCCOM67073Y1069,384400,000SH SOLE0400,00000
NYSE EURONEXTCOM62949110120,369492,004SH SOLE0492,00400
P T TELEKOMUNIKASI INDONESIASPONSORED ADR7156841062,56460,000SH SOLE060,00000
PEBBLEBROOK HOTEL TRCOM70509V10029,6081,095,874SH SOLE01,095,87400
PETROLEO BRASILEIRO SA PETROSPONSORED ADR71654V4081,10082,000SH SOLE082,00000
PETROLEO BRASILEIRO SA PETROSP ADR NON VTG71654V1011,918130,800SH SOLE0130,80000
PHILIPPINE LONG DISTANCE TELSPONSORED ADR7182526046119,000SH SOLE09,00000
POSCOSPONSORED ADR6934831091,23719,015SH SOLE019,01500
POWERSHARES ETF TRUST IIGLOBL AGRI ETF73936Q70212,429424,916SH SOLE0424,91600
POWERSHS DB MULTI SECT COMMDB BASE METALS73936B7052,515155,603SH SOLE0155,60300
POWERSHS DB MULTI SECT COMMPS DB AGRICUL FD73936B4085,243210,483SH SOLE0210,48300
POWERSHS DB MULTI SECT COMMDB ENERGY FUND73936B1016,546240,668SH SOLE0240,66800
SEARS HLDGS CORPCOM8123501067,475177,640SH SOLE0177,64000
SERVICE CORP INTLCOM81756510423,0361,277,659SH SOLE01,277,65900
SOCIEDAD QUIMICA MINERA DE CSPON ADR SER B8336351051,21230,000SH SOLE030,00000
SOUTHERN COPPER CORPCOM84265V1053,630131,422SH SOLE0131,42200
SPDR GOLD TRUSTGOLD SHS78463V1072,72622,878SH SOLE022,87800
SPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP78467Y1078,31039,500SH SOLE039,50000
STELLARONE CORPCOM85856G1001,40571,499SH SOLE071,49900
STEWART ENTERPRISES INCCL A86037010566,1045,049,950SH SOLE05,049,95000
TATA MTRS LTDSPONSORED ADR87656850223410,000SH SOLE010,00000
TELEFONICA BRASIL SASPONSORED ADR87936R10635415,500SH SOLE015,50000
TRONOX LTDSHS CL AQ9235V1011,97598,000SH SOLE098,00000
TUMI HLDGS INCCOM89969Q10434314,301SH SOLE014,30100
UNION PAC CORPCOM9078181082,49716,184SH SOLE016,18400
VALE S AADR REPSTG PFD91912E2041,904156,546SH SOLE0156,54600
VALE S AADR91912E1053,249247,052SH SOLE0247,05200
VALLEY NATL BANCORPCOM9197941073,390358,020SH SOLE0358,02000
VANGUARD HEALTH SYS INCCOM9220362079,941479,339SH SOLE0479,33900
VANGUARD INTL EQUITY INDEX FMSCI EMR MKT ETF9220428586,963179,549SH SOLE0179,54900
VANGUARD SPECIALIZED PORTFOLDIV APP ETF9219088447,666115,798SH SOLE0115,79800
VANGUARD TAX MANAGED INTL FDMSCI EAFE ETF92194385812,039338,083SH SOLE0338,08300
VIRGINIA COMM BANCORP INCCOM92778Q10910,857777,747SH SOLE0777,74700
WILLIAMS COS INC DELCOM9694571003,966122,134SH SOLE0122,13400
WPX ENERGY INCCOM98212B10377040,678SH SOLE040,67800