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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
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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
AEGEAN MARINE PETROLEUM COM Y0017S102 3,198 319,899 SH   SOLE   319,899 0 0
AVON PRODUCTS INC COM 54303102 17,537 3,098,410 SH   SOLE   3,098,410 0 0
CAMEO CORP COM 13321L108 1,926 225,000 SH   SOLE   225,000 0 0
CHINA XINIYA FASHION LTD ADR 16950W105 5,194 2,853,910 SH   SOLE   2,853,910 0 0
CHINA YUCHAI INTL LTD COM G21082105 37,664 3,471,426 SH   SOLE   3,471,426 0 0
COEUR MINING INC COM 192108504 21,276 1,798,525 SH   SOLE   1,798,525 0 0
CREDIT SUISSE GROUP ADR 225401108 6,311 480,300 SH   SOLE   480,300 0 0
DEUTSCHE BANK AG ORD NPV COM D18190898 9,163 700,000 SH   SOLE   700,000 0 0
GENWORTH FINANCIAL INC COM 37247D106 26,341 5,310,800 SH   SOLE   5,310,800 0 0
GOL LINHAS AEREAS INTEL ADR 38045R107 4,740 250,000 SH   SOLE   250,000 0 0
JA SOLAR HOLDINGS CO LTD ADR 466090206 2,866 476,900 SH   SOLE   476,900 0 0
MOBILE TELESYSTEMS OJC ADR 607409109 2,174 285,000 SH   SOLE   285,000 0 0
PETROLEO BRASILEIRO SA ADS 71654V408 6,404 686,476 SH   SOLE   686,476 0 0
RENESOLA LTD ADR 75971T103 5,835 5,777,962 SH   SOLE   5,777,962 0 0
SEADRILL LIMITED SHS COM G7945E105 7,339 3,097,000 SH   SOLE   3,097,000 0 0
UTSTARCOM INC COM 918076100 12,854 6,210,000 SH   SOLE   6,210,000 0 0
VIMPELCOM LTD SPON ADR 92719A106 8,291 2,382,710 SH   SOLE   2,382,710 0 0