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
AMBEV SA SPONSORED ADR 02319V103 1,286 175,000 SH   SOLE   175,000 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 20,821 890,923 SH   SOLE   890,923 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 7,600 591,435 SH   SOLE   591,435 0 0
APPLE INC COM 037833100 10,493 18,700 SH   SOLE   18,700 0 0
ATLAS ENERGY LP COM UNITS LP 04930A104 6,344 135,410 SH   SOLE   135,410 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 450 21,993 SH   SOLE   21,993 0 0
AUTOZONE INC COM 053332102 6,210 12,993 SH   SOLE   12,993 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 5,053 403,260 SH   SOLE   403,260 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 306 12,987 SH   SOLE   12,987 0 0
BARCLAYS BK PLC IPMS INDIA ETN 06739F291 7,558 132,696 SH   SOLE   132,696 0 0
BRF SA SPONSORED ADR 10552T107 626 30,000 SH   SOLE   30,000 0 0
CAMCO FINL CORP COM 132618109 2,623 392,660 SH   SOLE   392,660 0 0
CAPITALSOURCE INC COM 14055X102 52,371 3,644,454 SH   SOLE   3,644,454 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 14,730 1,245,164 SH   SOLE   1,245,164 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 1,917 40,571 SH   SOLE   40,571 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 4,420 84,525 SH   SOLE   84,525 0 0
CHINA TELECOM CORP LTD SPON ADR H SHS 169426103 204 4,026 SH   SOLE   4,026 0 0
CITRIX SYS INC COM 177376100 4,362 68,966 SH   SOLE   68,966 0 0
CNOOC LTD SPONSORED ADR 126132109 2,575 13,722 SH   SOLE   13,722 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 2,011 16,513 SH   SOLE   16,513 0 0
COLE REAL ESTATE INVTS INC COM 19329V105 32,333 2,302,947 SH   SOLE   2,302,947 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 13,706 587,995 SH   SOLE   587,995 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 110 14,106 SH   SOLE   14,106 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 1,814 161,668 SH   SOLE   161,668 0 0
COSAN LTD SHS A G25343107 3,436 250,420 SH   SOLE   250,420 0 0
CREDICORP LTD COM G2519Y108 18,507 139,431 SH   SOLE   139,431 0 0
DARLING INTL INC COM 237266101 10,033 480,500 SH   SOLE   480,500 0 0
DOW CHEM CO COM 260543103 4,292 96,656 SH   SOLE   96,656 0 0
EBAY INC COM 278642103 2,809 51,172 SH   SOLE   51,172 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 1,609 50,000 SH   SOLE   50,000 0 0
EMPRESA NACIONAL DE ELCTRCID SPONSORED ADR 29244T101 1,181 26,490 SH   SOLE   26,490 0 0
ENERSIS S A SPONSORED ADR 29274F104 1,374 91,652 SH   SOLE   91,652 0 0
FACEBOOK INC CL A 30303M102 1,367 25,000 SH   SOLE   25,000 0 0
FAMILY DLR STORES INC COM 307000109 1,018 15,674 SH   SOLE   15,674 0 0
FIBRIA CELULOSE S A SP ADR REP COM 31573A109 234 20,000 SH   SOLE   20,000 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 7,902 80,742 SH   SOLE   80,742 0 0
GENERAL MTRS CO COM 37045V100 2,589 63,350 SH   SOLE   63,350 0 0
GENPACT LIMITED SHS G3922B107 4,593 250,037 SH   SOLE   250,037 0 0
GERDAU S A SPON ADR REP PFD 373737105 6,115 780,000 SH   SOLE   780,000 0 0
GIANT INTERACTIVE GROUP INC ADR 374511103 2,248 200,000 SH   SOLE   200,000 0 0
GOOGLE INC CL A 38259P508 9,398 8,386 SH   SOLE   8,386 0 0
GRAINGER W W INC COM 384802104 2,998 11,738 SH   SOLE   11,738 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 5,382 177,850 SH   SOLE   177,850 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 1,206 35,005 SH   SOLE   35,005 0 0
HUDSON CITY BANCORP COM 443683107 104,966 11,131,093 SH   SOLE   11,131,093 0 0
INFOSYS LTD SPONSORED ADR 456788108 1,132 20,000 SH   SOLE   20,000 0 0
ISHARES IBOXX HI YD ETF 464288513 54,895 591,029 SH   SOLE   591,029 0 0
ISHARES MSCI STH KOR ETF 464286772 42,108 651,128 SH   SOLE   651,128 0 0
ISHARES MSCI MALAYSI ETF 464286830 4,713 297,940 SH   SOLE   297,940 0 0
ISHARES CHINA LG-CAP ETF 464287184 29,981 781,782 SH   SOLE   781,782 0 0
ISHARES CORE S&P500 ETF 464287200 23,727 127,807 SH   SOLE   127,807 0 0
ISHARES CORE S&P MCP ETF 464287507 5,660 42,290 SH   SOLE   42,290 0 0
ISHARES RUSSELL 2000 ETF 464287655 1,142 9,902 SH   SOLE   9,902 0 0
ISHARES MSCI BRZ CAP ETF 464286400 670 15,000 SH   SOLE   15,000 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 11,145 821,288 SH   SOLE   821,288 0 0
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 1,163 28,712 SH   SOLE   28,712 0 0
KOREA ELECTRIC PWR SPONSORED ADR 500631106 858 51,637 SH   SOLE   51,637 0 0
KT CORP SPONSORED ADR 48268K101 514 34,588 SH   SOLE   34,588 0 0
L BRANDS INC COM 501797104 2,154 34,826 SH   SOLE   34,826 0 0
LATAM AIRLS GROUP S A SPONSORED ADR 51817R106 2,024 124,104 SH   SOLE   124,104 0 0
LENDER PROCESSING SVCS INC COM 52602E102 58,501 1,565,036 SH   SOLE   1,565,036 0 0
LG DISPLAY CO LTD SPONS ADR REP 50186V102 711 58,589 SH   SOLE   58,589 0 0
LIFE TECHNOLOGIES CORP COM 53217V109 29,182 384,984 SH   SOLE   384,984 0 0
MARKET VECTORS ETF TR INDONESIA ETF 57060U753 22,068 1,037,994 SH   SOLE   1,037,994 0 0
MARKETO INC COM 57063L107 259 7,000 SH   SOLE   7,000 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 10,233 473,106 SH   SOLE   473,106 0 0
NATIONAL BK GREECE S A SPN ADR REP 1 SH 633643705 473 84,400 SH   SOLE   84,400 0 0
ORACLE CORP COM 68389X105 6,792 177,519 SH   SOLE   177,519 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 2,833 79,021 SH   SOLE   79,021 0 0
PARKWAY PPTYS INC COM 70159Q104 4,036 209,205 SH   SOLE   209,205 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2,108 153,000 SH   SOLE   153,000 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 1,921 130,800 SH   SOLE   130,800 0 0
PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 541 9,000 SH   SOLE   9,000 0 0
POSCO SPONSORED ADR 693483109 1,483 19,015 SH   SOLE   19,015 0 0
POWERSHARES ETF TRUST II GLOBL AGRI ETF 73936Q702 13,329 444,299 SH   SOLE   444,299 0 0
POWERSHS DB MULTI SECT COMM DB ENERGY FUND 73936B101 7,389 253,481 SH   SOLE   253,481 0 0
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 2,823 167,462 SH   SOLE   167,462 0 0
POWERSHS DB MULTI SECT COMM PS DB AGRICUL FD 73936B408 5,430 223,829 SH   SOLE   223,829 0 0
PRECISION CASTPARTS CORP COM 740189105 215 800 SH   SOLE   800 0 0
RDA MICROELECTRONICS INC SPONSORED ADR 749394102 358 20,000 SH   SOLE   20,000 0 0
SALLY BEAUTY HLDGS INC COM 79546E104 2,285 75,586 SH   SOLE   75,586 0 0
SEARS HLDGS CORP PUT 812350956 1,440 3,000 SH Put SOLE   3,000 0 0
SERVICE CORP INTL COM 817565104 21,351 1,177,659 SH   SOLE   1,177,659 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 776 30,000 SH   SOLE   30,000 0 0
SOLARWINDS INC COM 83416B109 1,010 26,706 SH   SOLE   26,706 0 0
SOUTHERN COPPER CORP COM 84265V105 4,204 146,422 SH   SOLE   146,422 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2,828 24,340 SH   SOLE   24,340 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 4,452 18,230 SH   SOLE   18,230 0 0
SPDR SER TR SPDR RUSSEL 2000 78468R853 3,436 49,629 SH   SOLE   49,629 0 0
STELLARONE CORP COM 85856G100 9,401 390,576 SH   SOLE   390,576 0 0
STERLING FINL CORP WASH COM NEW 859319303 27,348 802,468 SH   SOLE   802,468 0 0
TATA MTRS LTD SPONSORED ADR 876568502 308 10,000 SH   SOLE   10,000 0 0
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 298 15,500 SH   SOLE   15,500 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 202 7,700 SH   SOLE   7,700 0 0
UNION PAC CORP COM 907818108 9,411 56,020 SH   SOLE   56,020 0 0
VALE S A ADR 91912E105 3,768 247,052 SH   SOLE   247,052 0 0
VALE S A ADR REPSTG PFD 91912E204 2,193 156,546 SH   SOLE   156,546 0 0
VALLEY NATL BANCORP COM 919794107 4,635 458,020 SH   SOLE   458,020 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 7,510 182,555 SH   SOLE   182,555 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 8,062 107,152 SH   SOLE   107,152 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 13,897 333,433 SH   SOLE   333,433 0 0
VIRGINIA COMM BANCORP INC COM 92778Q109 14,290 841,095 SH   SOLE   841,095 0 0
WASHINGTON BKG CO OAK HBR WA COM 937303105 1,504 84,804 SH   SOLE   84,804 0 0
WILLIAMS COS INC DEL COM 969457100 4,711 122,134 SH   SOLE   122,134 0 0
WPX ENERGY INC COM 98212B103 829 40,678 SH   SOLE   40,678 0 0