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
ALTISOURCE RESIDENTIAL CORP CL B 02153W100 8,058 725,335 SH   SOLE   725,335 0 0
AMERCO COM 023586100 5,295 14,125 SH   SOLE   14,125 0 0
ASSURED GUARANTY LTD COM G0585R106 398 10,534 SH   SOLE   10,534 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 11,606 160,000 SH   SOLE   160,000 0 0
COLONY NORTHSTAR INC CL A COM 19625W104 8,524 678,647 SH   SOLE   678,647 0 0
ELLINGTON FINANCIAL LLC COM 288522303 2,214 140,189 SH   SOLE   140,189 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 16,865 175,000 SH   SOLE   175,000 0 0
INFOSYS LTD SPONSORED ADR 456788108 3,283 225,000 SH   SOLE   225,000 0 0
KINDER MORGAN INC DEL COM 49456B101 1,809 94,337 SH   SOLE   94,337 0 0
MARTIN MARIETTA MATLS INC COM 573284106 825 4,000 SH   SOLE   4,000 0 0
NEW YORK REIT INC COM 64976L109 8,278 1,054,549 SH   SOLE   1,054,549 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 561 43,832 SH   SOLE   43,832 0 0
RESOURCE CAP CORP COM NEW 76120W708 4,906 455,088 SH   SOLE   455,088 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2,440 20,066 SH   SOLE   20,066 0 0
VULCAN MATLS CO COM 929160109 1,136 9,500 SH   SOLE   9,500 0 0
XILINX INC COM 983919101 6,502 91,797 SH   SOLE   91,797 0 0