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
ACELRX PHARMACEUTICALS INC COM 00444T100 49 11,515 SH   SOLE   11,515 0 0
ADECOAGRO S A COM L00849106 1,018 110,464 SH   SOLE   110,464 0 0
AEMETIS INC COM NEW 00770K202 90 25,000 SH   SOLE   25,000 0 0
AVISTA CORP COM 05379B107 16,524 539,106 SH   SOLE   539,106 0 0
BANCO MACRO SA SPON ADR B 05961W105 4,983 109,286 SH   SOLE   109,286 0 0
BBVA BANCO FRANCES S A SPONSORED ADR 07329M100 2,441 153,699 SH   SOLE   153,699 0 0
BOX INC CL A 10316T104 295 15,813 SH   SOLE   15,813 0 0
CARE COM INC COM 141633107 117 19,773 SH   SOLE   19,773 0 0
CRESUD S A C I F Y A SPONSORED ADR 226406106 1,124 86,355 SH   SOLE   86,355 0 0
EMPRESA DIST Y COMERCIAL NOR SPON ADR 29244A102 1,595 123,365 SH   SOLE   123,365 0 0
FATE THERAPEUTICS INC COM 31189P102 1,883 291,067 SH   SOLE   291,067 0 0
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 5,751 306,091 SH   SOLE   306,091 0 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 228 7,680 SH   SOLE   7,680 0 0
HUBSPOT INC COM 443573100 354 7,129 SH   SOLE   7,129 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 629 35,041 SH   SOLE   35,041 0 0
LENDINGCLUB CORP COM 52603A109 3,815 258,670 SH   SOLE   258,670 0 0
ON DECK CAP INC COM 682163100 278 24,044 SH   SOLE   24,044 0 0
PAMPA ENERGIA S A SPONS ADR LVL I 697660207 5,172 374,496 SH   SOLE   374,496 0 0
PETROBRAS ARGENTINA S A SPONS ADR 71646J109 2,170 325,396 SH   SOLE   325,396 0 0
QUINSTREET INC COM 74874Q100 380 58,824 SH   SOLE   58,824 0 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 2,245 124,765 SH   SOLE   124,765 0 0
TRANSPORTADORA DE GAS SUR SPON ADR B 893870204 1,269 280,710 SH   SOLE   280,710 0 0
TWITTER INC COM 90184L102 10,992 303,485 SH   SOLE   303,485 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 148,471 2,750,483 SH   SOLE   2,750,483 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 1,254 56,326 SH   SOLE   56,326 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 15,378 560,611 SH   SOLE   560,611 0 0