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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGIOS PHARMACEUTICALS INC COM 00847X104   312 3,312 SH   SOLE   3,312 0 0
ALLEGIANT TRAVEL CO COM 01748X102   1,968 10,235 SH   SOLE   10,235 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101   4,171 130,589 SH   SOLE   130,589 0 0
AMBEV SA SPONSORED ADR 02319V103   341 59,200 SH   SOLE   59,200 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105   18,228 890,923 SH   SOLE   890,923 0 0
AMERICAN TOWER CORP NEW COM 03027X100   2,622 27,854 SH   SOLE   27,854 0 0
ANADARKO PETE CORP COM 032511107   11,654 140,727 SH   SOLE   140,727 0 0
APPLE INC COM 037833100   18,724 150,482 SH   SOLE   150,482 0 0
APPLIED MATLS INC COM 038222105   11,588 513,637 SH   SOLE   513,637 0 0
ARISTA NETWORKS INC COM 040413106   1,383 19,613 SH   SOLE   19,613 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303   584 62,954 SH   SOLE   62,954 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109   282 12,987 SH   SOLE   12,987 0 0
BARCLAYS BK PLC IPMS INDIA ETN 06739F291   11,433 154,254 SH   SOLE   154,254 0 0
BLACKBERRY LTD COM 09228F103   179 20,000 SH   SOLE   20,000 0 0
BRF SA SPONSORED ADR 10552T107   201 10,148 SH   SOLE   10,148 0 0
CATAMARAN CORP COM 148887102   6,971 117,080 SH   SOLE   117,080 0 0
CBS CORP NEW CL B 124857202   7,069 116,586 SH   SOLE   116,586 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889   5,084 536,811 SH   SOLE   536,811 0 0
CHEESECAKE FACTORY INC COM 163072101   5,349 108,429 SH   SOLE   108,429 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106   2,681 40,571 SH   SOLE   40,571 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109   5,497 84,525 SH   SOLE   84,525 0 0
CHINA TELECOM CORP LTD SPON ADR H SHS 169426103   259 4,026 SH   SOLE   4,026 0 0
COCA COLA CO COM 191216100   8,381 206,683 SH   SOLE   206,683 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108   1,319 16,513 SH   SOLE   16,513 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104   1,673 165,159 SH   SOLE   165,159 0 0
CONCHO RES INC COM 20605P101   1,754 15,131 SH   SOLE   15,131 0 0
CREDICORP LTD COM G2519Y108   8,364 59,476 SH   SOLE   59,476 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101   4,582 55,509 SH   SOLE   55,509 0 0
CST BRANDS INC COM 12646R105   3,252 74,195 SH   SOLE   74,195 0 0
DIRECTV COM 25490A309   18,228 214,200 SH   SOLE   214,200 0 0
EMPRESA NACIONAL DE ELCTRCID SPONSORED ADR 29244T101   1,193 26,490 SH   SOLE   26,490 0 0
ENERSIS S A SPONSORED ADR 29274F104   1,490 91,652 SH   SOLE   91,652 0 0
FACEBOOK INC CL A 30303M102   2,954 35,930 SH   SOLE   35,930 0 0
FAMILY DLR STORES INC COM 307000109   10,858 137,025 SH   SOLE   137,025 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106   7,549 80,742 SH   SOLE   80,742 0 0
GASLOG LTD SHS G37585109   902 46,446 SH   SOLE   46,446 0 0
GOOGLE INC CL A 38259P508   8,623 15,546 SH   SOLE   15,546 0 0
GRUBHUB INC COM 400110102   1,929 42,498 SH   SOLE   42,498 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206   5,871 177,850 SH   SOLE   177,850 0 0
HONEYWELL INTL INC COM 438516106   4,477 42,917 SH   SOLE   42,917 0 0
HOWARD HUGHES CORP COM 44267D107   53,526 345,285 SH   SOLE   345,285 0 0
HUDSON CITY BANCORP COM 443683107   6,664 635,904 SH   SOLE   635,904 0 0
INFOSYS LTD SPONSORED ADR 456788108   1,403 40,000 SH   SOLE   40,000 0 0
ISHARES IBOXX HI YD ETF 464288513   59,419 655,763 SH   SOLE   655,763 0 0
ISHARES MSCI BRZ CAP ETF 464286400   1,594 50,800 SH   SOLE   50,800 0 0
ISHARES MSCI MALAYSI ETF 464286830   3,960 297,940 SH   SOLE   297,940 0 0
ISHARES MSCI STH KOR ETF 464286772   48,154 841,262 SH   SOLE   841,262 0 0
ISHARES TR CHINA LG-CAP ETF 464287184   22,082 496,782 SH   SOLE   496,782 0 0
ISHARES TR CORE S&P MCP ETF 464287507   9,165 60,306 SH   SOLE   60,306 0 0
ISHARES TR CORE S&P500 ETF 464287200   21,776 104,778 SH   SOLE   104,778 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106   705 63,724 SH   SOLE   63,724 0 0
JUMEI INTL HLDG LTD SPONSORED ADR 48138L107   307 19,384 SH   SOLE   19,384 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   1,059 51,637 SH   SOLE   51,637 0 0
KT CORP SPONSORED ADR 48268K101   452 34,588 SH   SOLE   34,588 0 0
LATAM AIRLS GROUP S A SPONSORED ADR 51817R106   91 11,282 SH   SOLE   11,282 0 0
LG DISPLAY CO LTD SPONS ADR REP 50186V102   838 58,589 SH   SOLE   58,589 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880   4,001 95,240 SH   SOLE   95,240 0 0
LOCKHEED MARTIN CORP COM 539830109   3,324 16,380 SH   SOLE   16,380 0 0
MARKET VECTORS ETF TR INDONESIA ETF 57060U753   22,966 931,665 SH   SOLE   931,665 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109   5,140 508,956 SH   SOLE   508,956 0 0
MONTPELIER RE HOLDINGS LTD SHS G62185106   6,919 180,000 SH   SOLE   180,000 0 0
NIELSEN NV COM N63218106   8,231 184,665 SH   SOLE   184,665 0 0
NIKE INC CL B 654106103   2,893 28,834 SH   SOLE   28,834 0 0
ORBITAL ATK INC COM 68557N103   5,092 66,454 SH   SOLE   66,454 0 0
ORBITZ WORLDWIDE INC COM 68557K109   7,002 600,500 SH   SOLE   600,500 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106   920 21,121 SH   SOLE   21,121 0 0
PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604   562 9,000 SH   SOLE   9,000 0 0
PIONEER NAT RES CO COM 723787107   4,438 27,140 SH   SOLE   27,140 0 0
POSCO SPONSORED ADR 693483109   1,039 19,015 SH   SOLE   19,015 0 0
POWERSHS DB MULTI SECT COMM PS DB AGRICUL FD 73936B408   4,039 182,441 SH   SOLE   182,441 0 0
RANGE RES CORP COM 75281A109   1,686 32,407 SH   SOLE   32,407 0 0
RTI INTL METALS INC COM 74973W107   4,994 139,060 SH   SOLE   139,060 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105   548 30,000 SH   SOLE   30,000 0 0
SOUTHERN COPPER CORP COM 84265V105   3,194 109,451 SH   SOLE   109,451 0 0
SPDR GOLD TRUST GOLD SHS 78463V107   1,557 13,698 SH   SOLE   13,698 0 0
SPDR SER TR SPDR RUSSEL 2000 78468R853   5,854 78,985 SH   SOLE   78,985 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417   30,452 776,441 SH   SOLE   776,441 0 0
TATA MTRS LTD SPONSORED ADR 876568502   451 10,000 SH   SOLE   10,000 0 0
TWITTER INC COM 90184L102   4,070 81,274 SH   SOLE   81,274 0 0
UNITED TECHNOLOGIES CORP COM 913017109   8,007 68,319 SH   SOLE   68,319 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858   5,553 135,874 SH   SOLE   135,874 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844   6,061 75,315 SH   SOLE   75,315 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858   12,582 315,896 SH   SOLE   315,896 0 0
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105   1,232 67,502 SH   SOLE   67,502 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103   1,832 62,212 SH   SOLE   62,212 0 0
WILLIAMS COS INC DEL COM 969457100   24,200 478,363 SH   SOLE   478,363 0 0
WILLIAMS COS INC DEL PUT 969457950   932 3,400 SH Put SOLE   3,400 0 0
YADKIN FINL CORP COM 984305102   18,528 912,716 SH   SOLE   912,716 0 0