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

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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 3,367 1,496,801 SH   SOLE   1,496,801 0 0
AVON PRODUCTS INC COM 054303102 24,011 8,454,702 SH   SOLE   8,454,702 0 0
DUNXIN FINANCIAL HOLDINGS ADS 16950W105 4,948 962,092 SH   SOLE   962,092 0 0
CHINA YUCHAI INTL LTD COM G21082105 67,452 3,186,218 SH   SOLE   3,186,218 0 0
GENWORTH FINANCIAL INC COM 37247D106 18,790 6,639,800 SH   SOLE   6,639,800 0 0
NOBLE CORP PLC COM G65422100 9,796 2,640,500 SH   SOLE   2,640,500 0 0
NORDIC AMERICAN OFFSHORE COM G65772108 506 460,000 SH   SOLE   460,000 0 0
RENESOLA LTD ADR 75971T103 7,481 2,923,651 SH   SOLE   2,923,651 0 0
SOUTHWESTERN ENERGY CO COM 845467307 14,329 3,309,400 SH   SOLE   3,309,400 0 0
UTSTARCOM INC COM 918076100 37,146 7,550,000 SH   SOLE   7,550,000 0 0
VITAMIN SHOPPE INC COM 92849E101 17,922 4,120,000 SH   SOLE   4,120,000 0 0
VEON LTD ADS 92719A106 9,379 3,552,724 SH   SOLE   3,552,724 0 0