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
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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
BANK OF AMERICA CORPORATION COM 060505104 2,788 179,059 SH   SOLE   0 0 179,059
BARRICK GOLD CORP COM 067901108 2,468 140,000 SH Call SOLE   0 0 140,000
BB&T CORP COM 054937107 1,407 37,691 SH   SOLE   0 0 37,691
CAPITAL ONE FINL CORP COM 14040H105 1,748 22,817 SH   SOLE   0 0 22,817
CITIGROUP INC COM NEW 172967424 3,331 63,920 SH   SOLE   0 0 63,920
COMERICA INC COM 200340107 1,727 36,319 SH   SOLE   0 0 36,319
HUNTINGTON BANCSHARES INC COM 446150104 1,769 183,220 SH   SOLE   0 0 183,220
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 14,608 1,206,233 SH   SOLE   0 0 1,206,233
ISHARES CHINA LG-CAP ETF 464287184 203,255 5,300,000 SH Call SOLE   0 0 5,300,000
JPMORGAN CHASE & CO COM 46625H100 2,928 50,058 SH   SOLE   0 0 50,058
M & T BK CORP COM 55261F104 1,488 12,783 SH   SOLE   0 0 12,783
PAMPA ENERGIA S A SPONS ADR LVL I 697660207 17,815 3,399,726 SH   SOLE   0 0 3,399,726
PNC FINL SVCS GROUP INC COM 693475105 1,355 17,469 SH   SOLE   0 0 17,469
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 243,472 11,137,804 SH   SOLE   0 0 11,137,804
SUNTRUST BKS INC COM 867914103 1,641 44,560 SH   SOLE   0 0 44,560
US BANCORP DEL COM NEW 902973304 2,434 60,245 SH   SOLE   0 0 60,245
WELLS FARGO & CO NEW COM 949746101 2,757 60,735 SH   SOLE   0 0 60,735