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 1,297 175,000 SH   SOLE   175,000 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 17,712 890,923 SH   SOLE   890,923 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 1,032 73,606 SH   SOLE   73,606 0 0
APPLE INC COM 037833100 20,235 37,700 SH   SOLE   37,700 0 0
ATLAS ENERGY LP COM UNITS LP 04930A104 5,828 135,410 SH   SOLE   135,410 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 459 21,993 SH   SOLE   21,993 0 0
AUTOZONE INC COM 053332102 4,411 8,212 SH   SOLE   8,212 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 2,232 163,260 SH   SOLE   163,260 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 1,828 77,987 SH   SOLE   77,987 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 4,215 74,635 SH   SOLE   74,635 0 0
BARCLAYS BK PLC IPMS INDIA ETN 06739F291 8,045 132,696 SH   SOLE   132,696 0 0
BEAM INC COM 073730103 120,885 1,451,200 SH   SOLE   1,451,200 0 0
BRE PROPERTIES INC CL A 05564E106 2,010 32,016 SH   SOLE   32,016 0 0
BRF SA SPONSORED ADR 10552T107 599 30,000 SH   SOLE   30,000 0 0
CAPITALSOURCE INC COM 14055X102 53,173 3,644,454 SH   SOLE   3,644,454 0 0
CARMAX INC COM 143130102 995 21,254 SH   SOLE   21,254 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 19,566 1,549,183 SH   SOLE   1,549,183 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 1,718 40,571 SH   SOLE   40,571 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 3,849 84,425 SH   SOLE   84,425 0 0
CITRIX SYS INC COM 177376100 1,034 18,000 SH   SOLE   18,000 0 0
CNOOC LTD SPONSORED ADR 126132109 2,083 13,722 SH   SOLE   13,722 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 1,742 16,513 SH   SOLE   16,513 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 125 18,445 SH   SOLE   18,445 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 1,927 153,336 SH   SOLE   153,336 0 0
CREDICORP LTD COM G2519Y108 23,786 172,463 SH   SOLE   172,463 0 0
DARLING INTL INC COM 237266101 9,620 480,500 SH   SOLE   480,500 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 549 15,838 SH   SOLE   15,838 0 0
EBAY INC COM 278642103 3,872 70,100 SH   SOLE   70,100 0 0
EMPRESA NACIONAL DE ELCTRCID SPONSORED ADR 29244T101 1,144 26,490 SH   SOLE   26,490 0 0
ENERSIS S A SPONSORED ADR 29274F104 1,423 91,652 SH   SOLE   91,652 0 0
FAMILY DLR STORES INC COM 307000109 3,833 66,082 SH   SOLE   66,082 0 0
FIBRIA CELULOSE S A SP ADR REP COM 31573A109 221 20,000 SH   SOLE   20,000 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 7,528 80,742 SH   SOLE   80,742 0 0
FOREST LABS INC COM 345838106 54,034 585,604 SH   SOLE   585,604 0 0
GENERAL MTRS CO COM 37045V100 8,733 253,716 SH   SOLE   253,716 0 0
GIANT INTERACTIVE GROUP INC ADR 374511103 2,314 200,000 SH   SOLE   200,000 0 0
GOOGLE INC CL A 38259P508 2,601 2,334 SH   SOLE   2,334 0 0
GRAINGER W W INC COM 384802104 2,966 11,738 SH   SOLE   11,738 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 5,921 177,850 SH   SOLE   177,850 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 1,436 35,005 SH   SOLE   35,005 0 0
HUDSON CITY BANCORP COM 443683107 109,517 11,141,093 SH   SOLE   11,141,093 0 0
INFOSYS LTD SPONSORED ADR 456788108 1,084 20,000 SH   SOLE   20,000 0 0
ISHARES CORE S&P500 ETF 464287200 23,145 122,999 SH   SOLE   122,999 0 0
ISHARES CORE S&P MCP ETF 464287507 8,773 63,825 SH   SOLE   63,825 0 0
ISHARES IBOXX HI YD ETF 464288513 75,043 795,029 SH   SOLE   795,029 0 0
ISHARES MSCI STH KOR ETF 464286772 40,044 651,128 SH   SOLE   651,128 0 0
ISHARES MSCI MALAYSI ETF 464286830 4,663 297,940 SH   SOLE   297,940 0 0
ISHARES CHINA LG-CAP ETF 464287184 21,890 611,782 SH   SOLE   611,782 0 0
ISHARES MSCI CH CAP ETF 464286640 2,505 55,000 SH   SOLE   55,000 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 2,679 180,288 SH   SOLE   180,288 0 0
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 1,009 28,712 SH   SOLE   28,712 0 0
KOREA ELECTRIC PWR SPONSORED ADR 500631106 887 51,637 SH   SOLE   51,637 0 0
KT CORP SPONSORED ADR 48268K101 480 34,588 SH   SOLE   34,588 0 0
L BRANDS INC COM 501797104 6,231 109,759 SH   SOLE   109,759 0 0
LATAM AIRLS GROUP S A SPONSORED ADR 51817R106 5,205 345,829 SH   SOLE   345,829 0 0
LG DISPLAY CO LTD SPONS ADR REP 50186V102 732 58,589 SH   SOLE   58,589 0 0
LINKEDIN CORP COM CL A 53578A108 960 5,193 SH   SOLE   5,193 0 0
MARKET VECTORS ETF TR INDONESIA ETF 57060U753 21,227 844,368 SH   SOLE   844,368 0 0
MARKETO INC COM 57063L107 229 7,000 SH   SOLE   7,000 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 7,886 450,883 SH   SOLE   450,883 0 0
ORACLE CORP COM 68389X105 4,027 98,424 SH   SOLE   98,424 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 3,111 79,021 SH   SOLE   79,021 0 0
PENNEY J C INC COM 708160106 983 114,000 SH   SOLE   114,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,078 82,000 SH   SOLE   82,000 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 1,814 130,800 SH   SOLE   130,800 0 0
PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 549 9,000 SH   SOLE   9,000 0 0
POSCO SPONSORED ADR 693483109 1,320 19,015 SH   SOLE   19,015 0 0
POWERSHARES ETF TRUST II GLOBL AGRI ETF 73936Q702 10,983 359,862 SH   SOLE   359,862 0 0
POWERSHS DB MULTI SECT COMM DB ENERGY FUND 73936B101 6,262 213,946 SH   SOLE   213,946 0 0
POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 2,089 131,649 SH   SOLE   131,649 0 0
POWERSHS DB MULTI SECT COMM PS DB AGRICUL FD 73936B408 5,941 209,721 SH   SOLE   209,721 0 0
PRECISION CASTPARTS CORP COM 740189105 1,027 4,065 SH   SOLE   4,065 0 0
QUALCOMM INC COM 747525103 1,079 13,683 SH   SOLE   13,683 0 0
RDA MICROELECTRONICS INC SPONSORED ADR 749394102 897 50,000 SH   SOLE   50,000 0 0
SALLY BEAUTY HLDGS INC COM 79546E104 2,774 101,232 SH   SOLE   101,232 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,117 50,000 SH   SOLE   50,000 0 0
SERVICE CORP INTL COM 817565104 24,008 1,207,659 SH   SOLE   1,207,659 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 952 30,000 SH   SOLE   30,000 0 0
SOLARWINDS INC COM 83416B109 3,380 79,293 SH   SOLE   79,293 0 0
SOUTHERN COPPER CORP COM 84265V105 2,883 99,048 SH   SOLE   99,048 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2,532 20,487 SH   SOLE   20,487 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 4,568 18,230 SH   SOLE   18,230 0 0
SPDR SER TR SPDR RUSSEL 2000 78468R853 7,815 112,068 SH   SOLE   112,068 0 0
STERLING FINL CORP WASH COM NEW 859319303 26,746 802,468 SH   SOLE   802,468 0 0
TATA MTRS LTD SPONSORED ADR 876568502 354 10,000 SH   SOLE   10,000 0 0
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 329 15,500 SH   SOLE   15,500 0 0
TESLA MTRS INC NOTE 0.250% 3/0 88160RAB7 13,809 15,000,000 PRN   SOLE   15,000,000 0 0
TESLA MTRS INC NOTE 1.250% 3/0 88160RAC5 15,848 17,500,000 PRN   SOLE   17,500,000 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 200 7,700 SH   SOLE   7,700 0 0
ULTA SALON COSMETCS & FRAG I COM 90384S303 3,823 39,223 SH   SOLE   39,223 0 0
UNION PAC CORP COM 907818108 7,850 41,833 SH   SOLE   41,833 0 0
VALE S A ADR 91912E105 3,417 247,052 SH   SOLE   247,052 0 0
VALE S A ADR REPSTG PFD 91912E204 1,949 156,546 SH   SOLE   156,546 0 0
VALLEY NATL BANCORP COM 919794107 4,768 458,020 SH   SOLE   458,020 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 6,196 152,695 SH   SOLE   152,695 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 6,473 86,049 SH   SOLE   86,049 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 13,806 334,519 SH   SOLE   334,519 0 0
VIPSHOP HLDGS LTD NOTE 1.500% 3/1 92763WAA1 30,206 30,000,000 PRN   SOLE   30,000,000 0 0
WASHINGTON BKG CO OAK HBR WA COM 937303105 1,787 100,480 SH   SOLE   100,480 0 0
WILLIAMS COS INC DEL CALL 969457900 310 1,000 SH Call SOLE   1,000 0 0
WILLIAMS COS INC DEL COM 969457100 4,952 122,034 SH   SOLE   122,034 0 0
WPX ENERGY INC COM 98212B103 733 40,678 SH   SOLE   40,678 0 0