<?xml version="1.0"?>
<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><infoTable><nameOfIssuer>3M CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>88579Y101</cusip><value>19008</value><shrsOrPrnAmt><sshPrnamt>107859</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>107859</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ABBOTT LABS</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>002824100</cusip><value>11372</value><shrsOrPrnAmt><sshPrnamt>268903</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>268903</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ABBVIE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00287Y109</cusip><value>18694</value><shrsOrPrnAmt><sshPrnamt>296405</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>296405</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ABIOMED INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>003654100</cusip><value>939</value><shrsOrPrnAmt><sshPrnamt>7300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ACADIA HEALTHCARE COMPANY IN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00404A109</cusip><value>659</value><shrsOrPrnAmt><sshPrnamt>13300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ACADIA PHARMACEUTICALS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>004225108</cusip><value>554</value><shrsOrPrnAmt><sshPrnamt>17400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ACCENTURE PLC IRELAND</nameOfIssuer><titleOfClass>SHS CLASS A</titleOfClass><cusip>G1151C101</cusip><value>13954</value><shrsOrPrnAmt><sshPrnamt>114217</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>114217</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ACTIVISION BLIZZARD INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00507V109</cusip><value>4535</value><shrsOrPrnAmt><sshPrnamt>102386</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>102386</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ACUITY BRANDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00508Y102</cusip><value>2117</value><shrsOrPrnAmt><sshPrnamt>8000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ADOBE SYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00724F101</cusip><value>9695</value><shrsOrPrnAmt><sshPrnamt>89322</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>89322</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ADVANCE AUTO PARTS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00751Y106</cusip><value>1943</value><shrsOrPrnAmt><sshPrnamt>13036</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13036</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AECOM</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00766T100</cusip><value>825</value><shrsOrPrnAmt><sshPrnamt>27729</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27729</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AES CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00130H105</cusip><value>1549</value><shrsOrPrnAmt><sshPrnamt>120554</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>120554</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AETNA INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00817Y108</cusip><value>7183</value><shrsOrPrnAmt><sshPrnamt>62214</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>62214</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AFFILIATED MANAGERS GROUP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>008252108</cusip><value>1439</value><shrsOrPrnAmt><sshPrnamt>9949</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9949</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AFLAC INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>001055102</cusip><value>5284</value><shrsOrPrnAmt><sshPrnamt>73521</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>73521</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AGCO CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>001084102</cusip><value>619</value><shrsOrPrnAmt><sshPrnamt>12564</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12564</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AGILENT TECHNOLOGIES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00846U101</cusip><value>2794</value><shrsOrPrnAmt><sshPrnamt>59339</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>59339</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AGIOS PHARMACEUTICALS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00847X104</cusip><value>290</value><shrsOrPrnAmt><sshPrnamt>5500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>5500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AIR LEASE CORP</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>00912X302</cusip><value>499</value><shrsOrPrnAmt><sshPrnamt>17435</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17435</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AIR PRODS &amp; CHEMS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>009158106</cusip><value>5389</value><shrsOrPrnAmt><sshPrnamt>35843</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>35843</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AKAMAI TECHNOLOGIES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00971T101</cusip><value>1669</value><shrsOrPrnAmt><sshPrnamt>31496</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31496</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AKORN INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>009728106</cusip><value>414</value><shrsOrPrnAmt><sshPrnamt>15200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALASKA AIR GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>011659109</cusip><value>1442</value><shrsOrPrnAmt><sshPrnamt>21900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALBEMARLE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>012653101</cusip><value>1743</value><shrsOrPrnAmt><sshPrnamt>20379</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>20379</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALCOA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>013817101</cusip><value>2441</value><shrsOrPrnAmt><sshPrnamt>240750</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>240750</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALERE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>01449J105</cusip><value>679</value><shrsOrPrnAmt><sshPrnamt>15711</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15711</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALEXANDRIA REAL ESTATE EQ IN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>015271109</cusip><value>1834</value><shrsOrPrnAmt><sshPrnamt>16869</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16869</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALEXION PHARMACEUTICALS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>015351109</cusip><value>4877</value><shrsOrPrnAmt><sshPrnamt>39803</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>39803</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALIGN TECHNOLOGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>016255101</cusip><value>1238</value><shrsOrPrnAmt><sshPrnamt>13200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALKERMES PLC</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G01767105</cusip><value>1288</value><shrsOrPrnAmt><sshPrnamt>27400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALLEGHANY CORP DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>017175100</cusip><value>1441</value><shrsOrPrnAmt><sshPrnamt>2745</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>2745</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALLEGION PUB LTD CO</nameOfIssuer><titleOfClass>ORD SHS</titleOfClass><cusip>G0176J109</cusip><value>1210</value><shrsOrPrnAmt><sshPrnamt>17565</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17565</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALLERGAN PLC</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G0177J108</cusip><value>16689</value><shrsOrPrnAmt><sshPrnamt>72461</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>72461</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALLIANCE DATA SYSTEMS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>018581108</cusip><value>2272</value><shrsOrPrnAmt><sshPrnamt>10591</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10591</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALLIANT ENERGY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>018802108</cusip><value>1586</value><shrsOrPrnAmt><sshPrnamt>41390</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>41390</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALLIED WRLD ASSUR COM HLDG A</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>H01531104</cusip><value>641</value><shrsOrPrnAmt><sshPrnamt>15874</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15874</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALLISON TRANSMISSION HLDGS I</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>01973R101</cusip><value>737</value><shrsOrPrnAmt><sshPrnamt>25700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALLSCRIPTS HEALTHCARE SOLUTN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>01988P108</cusip><value>447</value><shrsOrPrnAmt><sshPrnamt>33964</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33964</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALLSTATE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>020002101</cusip><value>4739</value><shrsOrPrnAmt><sshPrnamt>68493</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>68493</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALLY FINL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>02005N100</cusip><value>1577</value><shrsOrPrnAmt><sshPrnamt>81000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>81000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALNYLAM PHARMACEUTICALS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>02043Q107</cusip><value>928</value><shrsOrPrnAmt><sshPrnamt>13700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALPHABET INC</nameOfIssuer><titleOfClass>CAP STK CL C</titleOfClass><cusip>02079K107</cusip><value>42305</value><shrsOrPrnAmt><sshPrnamt>54426</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>54426</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALPHABET INC</nameOfIssuer><titleOfClass>CAP STK CL A</titleOfClass><cusip>02079K305</cusip><value>43248</value><shrsOrPrnAmt><sshPrnamt>53787</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>53787</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALTRIA GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>02209S103</cusip><value>22665</value><shrsOrPrnAmt><sshPrnamt>358444</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>358444</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMAZON COM INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>023135106</cusip><value>59661</value><shrsOrPrnAmt><sshPrnamt>71253</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>71253</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMC NETWORKS INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>00164V103</cusip><value>561</value><shrsOrPrnAmt><sshPrnamt>10816</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10816</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMDOCS LTD</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G02602103</cusip><value>1559</value><shrsOrPrnAmt><sshPrnamt>26959</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26959</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERCO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>023586100</cusip><value>389</value><shrsOrPrnAmt><sshPrnamt>1200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMEREN CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>023608102</cusip><value>2178</value><shrsOrPrnAmt><sshPrnamt>44285</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>44285</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERICAN AIRLS GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>02376R102</cusip><value>3540</value><shrsOrPrnAmt><sshPrnamt>96700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>96700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERICAN CAMPUS CMNTYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>024835100</cusip><value>1456</value><shrsOrPrnAmt><sshPrnamt>28618</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28618</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERICAN CAPITAL AGENCY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>02503X105</cusip><value>1183</value><shrsOrPrnAmt><sshPrnamt>60519</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>60519</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERICAN ELEC PWR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>025537101</cusip><value>5782</value><shrsOrPrnAmt><sshPrnamt>90040</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>90040</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERICAN EXPRESS CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>025816109</cusip><value>9384</value><shrsOrPrnAmt><sshPrnamt>146533</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>146533</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERICAN FINL GROUP INC OHIO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>025932104</cusip><value>930</value><shrsOrPrnAmt><sshPrnamt>12403</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12403</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERICAN HOMES 4 RENT</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>02665T306</cusip><value>656</value><shrsOrPrnAmt><sshPrnamt>30300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>30300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERICAN INTL GROUP INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>026874784</cusip><value>12056</value><shrsOrPrnAmt><sshPrnamt>203163</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>203163</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERICAN TOWER CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>03027X100</cusip><value>9774</value><shrsOrPrnAmt><sshPrnamt>86244</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>86244</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERICAN WTR WKS CO INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>030420103</cusip><value>2432</value><shrsOrPrnAmt><sshPrnamt>32495</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>32495</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERIPRISE FINL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>03076C106</cusip><value>2867</value><shrsOrPrnAmt><sshPrnamt>28734</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28734</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERISOURCEBERGEN CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>03073E105</cusip><value>2627</value><shrsOrPrnAmt><sshPrnamt>32518</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>32518</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMETEK INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>031100100</cusip><value>2008</value><shrsOrPrnAmt><sshPrnamt>42030</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>42030</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMGEN INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>031162100</cusip><value>22975</value><shrsOrPrnAmt><sshPrnamt>137728</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>137728</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMPHENOL CORP NEW</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>032095101</cusip><value>3560</value><shrsOrPrnAmt><sshPrnamt>54832</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>54832</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMSURG CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>03232P405</cusip><value>657</value><shrsOrPrnAmt><sshPrnamt>9800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMTRUST FINL SVCS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>032359309</cusip><value>429</value><shrsOrPrnAmt><sshPrnamt>16000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ANADARKO PETE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>032511107</cusip><value>6351</value><shrsOrPrnAmt><sshPrnamt>100235</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>100235</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ANALOG DEVICES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>032654105</cusip><value>3616</value><shrsOrPrnAmt><sshPrnamt>56101</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>56101</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ANNALY CAP MGMT INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>035710409</cusip><value>1952</value><shrsOrPrnAmt><sshPrnamt>185922</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>185922</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ANSYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>03662Q105</cusip><value>1489</value><shrsOrPrnAmt><sshPrnamt>16075</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16075</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ANTERO RES CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>03674X106</cusip><value>884</value><shrsOrPrnAmt><sshPrnamt>32800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>32800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ANTHEM INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>036752103</cusip><value>6050</value><shrsOrPrnAmt><sshPrnamt>48282</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>48282</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AON PLC</nameOfIssuer><titleOfClass>SHS CL A</titleOfClass><cusip>G0408V102</cusip><value>5426</value><shrsOrPrnAmt><sshPrnamt>48240</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>48240</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>APACHE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>037411105</cusip><value>4432</value><shrsOrPrnAmt><sshPrnamt>69385</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>69385</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>APARTMENT INVT &amp; MGMT CO</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>03748R101</cusip><value>1572</value><shrsOrPrnAmt><sshPrnamt>34239</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>34239</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>APPLE HOSPITALITY REIT INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>03784Y200</cusip><value>677</value><shrsOrPrnAmt><sshPrnamt>36600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>APPLE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>037833100</cusip><value>113558</value><shrsOrPrnAmt><sshPrnamt>1004495</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1004495</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>APPLIED MATLS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>038222105</cusip><value>6011</value><shrsOrPrnAmt><sshPrnamt>199365</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>199365</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>APTARGROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>038336103</cusip><value>875</value><shrsOrPrnAmt><sshPrnamt>11296</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11296</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AQUA AMERICA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>03836W103</cusip><value>985</value><shrsOrPrnAmt><sshPrnamt>32321</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>32321</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ARAMARK</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>03852U106</cusip><value>1677</value><shrsOrPrnAmt><sshPrnamt>44100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>44100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ARCH CAP GROUP LTD</nameOfIssuer><titleOfClass>ORD</titleOfClass><cusip>G0450A105</cusip><value>1661</value><shrsOrPrnAmt><sshPrnamt>20954</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>20954</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ARCHER DANIELS MIDLAND CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>039483102</cusip><value>4435</value><shrsOrPrnAmt><sshPrnamt>105160</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>105160</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ARISTA NETWORKS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>040413106</cusip><value>604</value><shrsOrPrnAmt><sshPrnamt>7100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ARMSTRONG WORLD INDS INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>04247X102</cusip><value>344</value><shrsOrPrnAmt><sshPrnamt>8339</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8339</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ARRIS INTL INC</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G0551A103</cusip><value>974</value><shrsOrPrnAmt><sshPrnamt>34400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>34400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ARROW ELECTRS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>042735100</cusip><value>1060</value><shrsOrPrnAmt><sshPrnamt>16569</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16569</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ASHLAND GLOBAL HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>044186104</cusip><value>1317</value><shrsOrPrnAmt><sshPrnamt>11360</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11360</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ASPEN INSURANCE HOLDINGS LTD</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G05384105</cusip><value>507</value><shrsOrPrnAmt><sshPrnamt>10885</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10885</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ASSOCIATED BANC CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>045487105</cusip><value>532</value><shrsOrPrnAmt><sshPrnamt>27128</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27128</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ASSURANT INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>04621X108</cusip><value>1043</value><shrsOrPrnAmt><sshPrnamt>11306</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11306</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ASSURED GUARANTY LTD</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>G0585R106</cusip><value>672</value><shrsOrPrnAmt><sshPrnamt>24216</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24216</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AT&amp;T INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00206R102</cusip><value>45851</value><shrsOrPrnAmt><sshPrnamt>1129059</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1129059</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ATHENAHEALTH INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>04685W103</cusip><value>908</value><shrsOrPrnAmt><sshPrnamt>7200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ATMOS ENERGY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>049560105</cusip><value>1373</value><shrsOrPrnAmt><sshPrnamt>18435</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18435</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AUTODESK INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>052769106</cusip><value>2800</value><shrsOrPrnAmt><sshPrnamt>38715</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>38715</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AUTOMATIC DATA PROCESSING IN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>053015103</cusip><value>7361</value><shrsOrPrnAmt><sshPrnamt>83457</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>83457</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AUTONATION INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>05329W102</cusip><value>575</value><shrsOrPrnAmt><sshPrnamt>11800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AUTOZONE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>053332102</cusip><value>4175</value><shrsOrPrnAmt><sshPrnamt>5434</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>5434</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AVALONBAY CMNTYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>053484101</cusip><value>5072</value><shrsOrPrnAmt><sshPrnamt>28520</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28520</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AVANGRID INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>05351W103</cusip><value>426</value><shrsOrPrnAmt><sshPrnamt>10200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AVERY DENNISON CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>053611109</cusip><value>1270</value><shrsOrPrnAmt><sshPrnamt>16325</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16325</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AVIS BUDGET GROUP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>053774105</cusip><value>520</value><shrsOrPrnAmt><sshPrnamt>15200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AVNET INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>053807103</cusip><value>957</value><shrsOrPrnAmt><sshPrnamt>23307</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23307</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AXALTA COATING SYS LTD</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>G0750C108</cusip><value>846</value><shrsOrPrnAmt><sshPrnamt>29900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AXIS CAPITAL HOLDINGS LTD</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G0692U109</cusip><value>901</value><shrsOrPrnAmt><sshPrnamt>16582</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16582</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>B/E AEROSPACE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>073302101</cusip><value>957</value><shrsOrPrnAmt><sshPrnamt>18511</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18511</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BAKER HUGHES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>057224107</cusip><value>4041</value><shrsOrPrnAmt><sshPrnamt>80070</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>80070</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BALL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>058498106</cusip><value>2557</value><shrsOrPrnAmt><sshPrnamt>31202</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31202</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BANK AMER CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>060505104</cusip><value>29478</value><shrsOrPrnAmt><sshPrnamt>1883604</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1883604</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BANK HAWAII CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>062540109</cusip><value>563</value><shrsOrPrnAmt><sshPrnamt>7762</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7762</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BANK NEW YORK MELLON CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>064058100</cusip><value>7645</value><shrsOrPrnAmt><sshPrnamt>191700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>191700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BANKUNITED INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>06652K103</cusip><value>544</value><shrsOrPrnAmt><sshPrnamt>17995</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17995</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BARD C R INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>067383109</cusip><value>3034</value><shrsOrPrnAmt><sshPrnamt>13529</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13529</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BAXTER INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>071813109</cusip><value>4341</value><shrsOrPrnAmt><sshPrnamt>91196</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>91196</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BB&amp;T CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>054937107</cusip><value>5615</value><shrsOrPrnAmt><sshPrnamt>148851</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>148851</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BECTON DICKINSON &amp; CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>075887109</cusip><value>6889</value><shrsOrPrnAmt><sshPrnamt>38326</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>38326</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BED BATH &amp; BEYOND INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>075896100</cusip><value>1166</value><shrsOrPrnAmt><sshPrnamt>27055</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27055</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BEMIS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>081437105</cusip><value>875</value><shrsOrPrnAmt><sshPrnamt>17145</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17145</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BERKLEY W R CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>084423102</cusip><value>1007</value><shrsOrPrnAmt><sshPrnamt>17442</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17442</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BERKSHIRE HATHAWAY INC DEL</nameOfIssuer><titleOfClass>CL B NEW</titleOfClass><cusip>084670702</cusip><value>50066</value><shrsOrPrnAmt><sshPrnamt>346551</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>346551</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BERRY PLASTICS GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>08579W103</cusip><value>964</value><shrsOrPrnAmt><sshPrnamt>22000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BEST BUY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>086516101</cusip><value>1930</value><shrsOrPrnAmt><sshPrnamt>50553</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>50553</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BIO RAD LABS INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>090572207</cusip><value>618</value><shrsOrPrnAmt><sshPrnamt>3771</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>3771</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BIO TECHNE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>09073M104</cusip><value>739</value><shrsOrPrnAmt><sshPrnamt>6747</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6747</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BIOGEN INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>09062X103</cusip><value>12557</value><shrsOrPrnAmt><sshPrnamt>40114</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>40114</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BIOMARIN PHARMACEUTICAL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>09061G101</cusip><value>2885</value><shrsOrPrnAmt><sshPrnamt>31181</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31181</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BLACKROCK INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>09247X101</cusip><value>8308</value><shrsOrPrnAmt><sshPrnamt>22922</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22922</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BLOCK H &amp; R INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>093671105</cusip><value>948</value><shrsOrPrnAmt><sshPrnamt>40939</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>40939</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BLUE BUFFALO PET PRODS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>09531U102</cusip><value>257</value><shrsOrPrnAmt><sshPrnamt>10800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BOEING CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>097023105</cusip><value>14404</value><shrsOrPrnAmt><sshPrnamt>109338</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>109338</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BOK FINL CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>05561Q201</cusip><value>322</value><shrsOrPrnAmt><sshPrnamt>4673</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>4673</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BOOZ ALLEN HAMILTON HLDG COR</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>099502106</cusip><value>652</value><shrsOrPrnAmt><sshPrnamt>20641</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>20641</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BORGWARNER INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>099724106</cusip><value>1393</value><shrsOrPrnAmt><sshPrnamt>39580</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>39580</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BOSTON PROPERTIES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>101121101</cusip><value>4679</value><shrsOrPrnAmt><sshPrnamt>34337</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>34337</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BOSTON SCIENTIFIC CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>101137107</cusip><value>5869</value><shrsOrPrnAmt><sshPrnamt>246605</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>246605</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BRANDYWINE RLTY TR</nameOfIssuer><titleOfClass>SH BEN INT NEW</titleOfClass><cusip>105368203</cusip><value>703</value><shrsOrPrnAmt><sshPrnamt>45048</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>45048</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BRINKER INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>109641100</cusip><value>509</value><shrsOrPrnAmt><sshPrnamt>10085</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10085</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BRISTOL MYERS SQUIBB CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>110122108</cusip><value>16498</value><shrsOrPrnAmt><sshPrnamt>305962</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>305962</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BRIXMOR PPTY GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>11120U105</cusip><value>1195</value><shrsOrPrnAmt><sshPrnamt>43000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>43000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BROADCOM LTD</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>Y09827109</cusip><value>11930</value><shrsOrPrnAmt><sshPrnamt>69148</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>69148</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BROADRIDGE FINL SOLUTIONS IN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>11133T103</cusip><value>1459</value><shrsOrPrnAmt><sshPrnamt>21514</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21514</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BROCADE COMMUNICATIONS SYS I</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>111621306</cusip><value>699</value><shrsOrPrnAmt><sshPrnamt>75654</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>75654</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BROOKDALE SR LIVING INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>112463104</cusip><value>585</value><shrsOrPrnAmt><sshPrnamt>33542</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33542</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BROWN &amp; BROWN INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>115236101</cusip><value>799</value><shrsOrPrnAmt><sshPrnamt>21192</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21192</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BROWN FORMAN CORP</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>115637100</cusip><value>497</value><shrsOrPrnAmt><sshPrnamt>10000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BROWN FORMAN CORP</nameOfIssuer><titleOfClass>CL B</titleOfClass><cusip>115637209</cusip><value>1723</value><shrsOrPrnAmt><sshPrnamt>36322</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36322</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BRUKER CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>116794108</cusip><value>430</value><shrsOrPrnAmt><sshPrnamt>18989</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18989</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BRUNSWICK CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>117043109</cusip><value>805</value><shrsOrPrnAmt><sshPrnamt>16500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BUNGE LIMITED</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>G16962105</cusip><value>1501</value><shrsOrPrnAmt><sshPrnamt>25342</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25342</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BURLINGTON STORES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>122017106</cusip><value>1037</value><shrsOrPrnAmt><sshPrnamt>12800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BWX TECHNOLOGIES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>05605H100</cusip><value>650</value><shrsOrPrnAmt><sshPrnamt>16939</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16939</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>C H ROBINSON WORLDWIDE INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>12541W209</cusip><value>1830</value><shrsOrPrnAmt><sshPrnamt>25968</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25968</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>12673P105</cusip><value>1758</value><shrsOrPrnAmt><sshPrnamt>53144</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>53144</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CABELAS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>126804301</cusip><value>500</value><shrsOrPrnAmt><sshPrnamt>9100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CABLE ONE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>12685J105</cusip><value>549</value><shrsOrPrnAmt><sshPrnamt>939</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>939</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CABOT CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>127055101</cusip><value>578</value><shrsOrPrnAmt><sshPrnamt>11027</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11027</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CABOT OIL &amp; GAS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>127097103</cusip><value>2168</value><shrsOrPrnAmt><sshPrnamt>84024</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>84024</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CADENCE DESIGN SYSTEM INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>127387108</cusip><value>1393</value><shrsOrPrnAmt><sshPrnamt>54575</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>54575</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CALATLANTIC GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>128195104</cusip><value>451</value><shrsOrPrnAmt><sshPrnamt>13500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CALPINE CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>131347304</cusip><value>825</value><shrsOrPrnAmt><sshPrnamt>65279</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>65279</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CAMDEN PPTY TR</nameOfIssuer><titleOfClass>SH BEN INT</titleOfClass><cusip>133131102</cusip><value>1651</value><shrsOrPrnAmt><sshPrnamt>19714</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19714</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CAMPBELL SOUP CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>134429109</cusip><value>1859</value><shrsOrPrnAmt><sshPrnamt>33985</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33985</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CAPITAL ONE FINL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>14040H105</cusip><value>6716</value><shrsOrPrnAmt><sshPrnamt>93488</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>93488</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CARDINAL HEALTH INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>14149Y108</cusip><value>4638</value><shrsOrPrnAmt><sshPrnamt>59693</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>59693</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CARE CAP PPTYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>141624106</cusip><value>479</value><shrsOrPrnAmt><sshPrnamt>16804</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16804</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CARLISLE COS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>142339100</cusip><value>1172</value><shrsOrPrnAmt><sshPrnamt>11430</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11430</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CARMAX INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>143130102</cusip><value>1878</value><shrsOrPrnAmt><sshPrnamt>35199</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>35199</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CARNIVAL CORP</nameOfIssuer><titleOfClass>UNIT 99/99/9999</titleOfClass><cusip>143658300</cusip><value>3636</value><shrsOrPrnAmt><sshPrnamt>74479</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>74479</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CARTER INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>146229109</cusip><value>789</value><shrsOrPrnAmt><sshPrnamt>9100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CASEYS GEN STORES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>147528103</cusip><value>865</value><shrsOrPrnAmt><sshPrnamt>7200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CATERPILLAR INC DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>149123101</cusip><value>9070</value><shrsOrPrnAmt><sshPrnamt>102179</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>102179</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CBL &amp; ASSOC PPTYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>124830100</cusip><value>272</value><shrsOrPrnAmt><sshPrnamt>22438</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22438</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CBOE HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>12503M108</cusip><value>956</value><shrsOrPrnAmt><sshPrnamt>14742</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14742</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CBRE GROUP INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>12504L109</cusip><value>1925</value><shrsOrPrnAmt><sshPrnamt>68808</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>68808</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CBS CORP NEW</nameOfIssuer><titleOfClass>CL B</titleOfClass><cusip>124857202</cusip><value>4035</value><shrsOrPrnAmt><sshPrnamt>73718</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>73718</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CDK GLOBAL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>12508E101</cusip><value>1631</value><shrsOrPrnAmt><sshPrnamt>28418</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28418</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CDW CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>12514G108</cusip><value>1358</value><shrsOrPrnAmt><sshPrnamt>29700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CELANESE CORP DEL</nameOfIssuer><titleOfClass>COM SER A</titleOfClass><cusip>150870103</cusip><value>1790</value><shrsOrPrnAmt><sshPrnamt>26889</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26889</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CELGENE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>151020104</cusip><value>14711</value><shrsOrPrnAmt><sshPrnamt>140732</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>140732</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CENTENE CORP DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>15135B101</cusip><value>2041</value><shrsOrPrnAmt><sshPrnamt>30492</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>30492</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CENTERPOINT ENERGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>15189T107</cusip><value>1830</value><shrsOrPrnAmt><sshPrnamt>78739</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>78739</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CENTURYLINK INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>156700106</cusip><value>2694</value><shrsOrPrnAmt><sshPrnamt>98216</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>98216</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CERNER CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>156782104</cusip><value>3318</value><shrsOrPrnAmt><sshPrnamt>53728</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>53728</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CF INDS HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>125269100</cusip><value>1036</value><shrsOrPrnAmt><sshPrnamt>42565</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>42565</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHARLES RIV LABS INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>159864107</cusip><value>716</value><shrsOrPrnAmt><sshPrnamt>8597</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8597</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHARTER COMMUNICATIONS INC N</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>16119P108</cusip><value>9904</value><shrsOrPrnAmt><sshPrnamt>36684</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36684</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHENIERE ENERGY INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>16411R208</cusip><value>1582</value><shrsOrPrnAmt><sshPrnamt>36300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHESAPEAKE ENERGY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>165167107</cusip><value>696</value><shrsOrPrnAmt><sshPrnamt>111036</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>111036</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHEVRON CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>166764100</cusip><value>35465</value><shrsOrPrnAmt><sshPrnamt>344597</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>344597</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHICAGO BRIDGE &amp; IRON CO N V</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>167250109</cusip><value>531</value><shrsOrPrnAmt><sshPrnamt>18952</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18952</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHIMERA INVT CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>16934Q208</cusip><value>544</value><shrsOrPrnAmt><sshPrnamt>34139</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>34139</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHIPOTLE MEXICAN GRILL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>169656105</cusip><value>2171</value><shrsOrPrnAmt><sshPrnamt>5127</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>5127</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHOICE HOTELS INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>169905106</cusip><value>267</value><shrsOrPrnAmt><sshPrnamt>5912</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>5912</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHUBB LIMITED</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>H1467J104</cusip><value>10645</value><shrsOrPrnAmt><sshPrnamt>84712</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>84712</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHURCH &amp; DWIGHT INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>171340102</cusip><value>2247</value><shrsOrPrnAmt><sshPrnamt>46876</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>46876</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CIGNA CORPORATION</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>125509109</cusip><value>6064</value><shrsOrPrnAmt><sshPrnamt>46531</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>46531</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CIMAREX ENERGY CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>171798101</cusip><value>2301</value><shrsOrPrnAmt><sshPrnamt>17121</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17121</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CINCINNATI FINL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>172062101</cusip><value>2065</value><shrsOrPrnAmt><sshPrnamt>27369</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27369</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CINEMARK HOLDINGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>17243V102</cusip><value>739</value><shrsOrPrnAmt><sshPrnamt>19300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CINTAS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>172908105</cusip><value>1831</value><shrsOrPrnAmt><sshPrnamt>16264</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16264</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CISCO SYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>17275R102</cusip><value>29256</value><shrsOrPrnAmt><sshPrnamt>922325</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>922325</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CIT GROUP INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>125581801</cusip><value>1317</value><shrsOrPrnAmt><sshPrnamt>36282</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36282</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CITIGROUP INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>172967424</cusip><value>25411</value><shrsOrPrnAmt><sshPrnamt>538024</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>538024</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CITIZENS FINL GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>174610105</cusip><value>2392</value><shrsOrPrnAmt><sshPrnamt>96800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>96800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CITRIX SYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>177376100</cusip><value>2415</value><shrsOrPrnAmt><sshPrnamt>28348</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28348</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CLEAN HARBORS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>184496107</cusip><value>456</value><shrsOrPrnAmt><sshPrnamt>9500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CLOROX CO DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>189054109</cusip><value>2969</value><shrsOrPrnAmt><sshPrnamt>23721</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23721</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CME GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>12572Q105</cusip><value>6469</value><shrsOrPrnAmt><sshPrnamt>61900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>61900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CMS ENERGY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>125896100</cusip><value>2133</value><shrsOrPrnAmt><sshPrnamt>50785</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>50785</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COACH INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>189754104</cusip><value>1859</value><shrsOrPrnAmt><sshPrnamt>50835</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>50835</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COCA COLA CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>191216100</cusip><value>30208</value><shrsOrPrnAmt><sshPrnamt>713780</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>713780</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COGNEX CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>192422103</cusip><value>777</value><shrsOrPrnAmt><sshPrnamt>14700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COGNIZANT TECHNOLOGY SOLUTIO</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>192446102</cusip><value>5271</value><shrsOrPrnAmt><sshPrnamt>110472</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>110472</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COLFAX CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>194014106</cusip><value>563</value><shrsOrPrnAmt><sshPrnamt>17900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COLGATE PALMOLIVE CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>194162103</cusip><value>11787</value><shrsOrPrnAmt><sshPrnamt>158978</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>158978</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COLUMBIA PPTY TR INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>198287203</cusip><value>805</value><shrsOrPrnAmt><sshPrnamt>35946</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>35946</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COMCAST CORP NEW</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>20030N101</cusip><value>29293</value><shrsOrPrnAmt><sshPrnamt>441557</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>441557</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COMERICA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>200340107</cusip><value>1505</value><shrsOrPrnAmt><sshPrnamt>31796</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31796</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COMMERCE BANCSHARES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>200525103</cusip><value>744</value><shrsOrPrnAmt><sshPrnamt>15105</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15105</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COMMSCOPE HLDG CO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>20337X109</cusip><value>702</value><shrsOrPrnAmt><sshPrnamt>23300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COMMUNICATIONS SALES&amp;LEAS IN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>20341J104</cusip><value>698</value><shrsOrPrnAmt><sshPrnamt>22233</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22233</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COMPASS MINERALS INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>20451N101</cusip><value>451</value><shrsOrPrnAmt><sshPrnamt>6118</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6118</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COMPUTER SCIENCES CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>205363104</cusip><value>1317</value><shrsOrPrnAmt><sshPrnamt>25233</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25233</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CONAGRA FOODS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>205887102</cusip><value>3762</value><shrsOrPrnAmt><sshPrnamt>79855</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>79855</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CONCHO RES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>20605P101</cusip><value>3532</value><shrsOrPrnAmt><sshPrnamt>25719</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25719</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CONOCOPHILLIPS</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>20825C104</cusip><value>9866</value><shrsOrPrnAmt><sshPrnamt>226969</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>226969</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CONSOL ENERGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>20854P109</cusip><value>795</value><shrsOrPrnAmt><sshPrnamt>41371</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>41371</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CONSOLIDATED EDISON INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>209115104</cusip><value>4204</value><shrsOrPrnAmt><sshPrnamt>55820</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>55820</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CONSTELLATION BRANDS INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>21036P108</cusip><value>5067</value><shrsOrPrnAmt><sshPrnamt>30438</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>30438</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CONTINENTAL RESOURCES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>212015101</cusip><value>816</value><shrsOrPrnAmt><sshPrnamt>15704</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15704</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COOPER COS INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>216648402</cusip><value>1556</value><shrsOrPrnAmt><sshPrnamt>8678</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8678</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COPA HOLDINGS SA</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>P31076105</cusip><value>490</value><shrsOrPrnAmt><sshPrnamt>5571</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>5571</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COPART INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>217204106</cusip><value>954</value><shrsOrPrnAmt><sshPrnamt>17811</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17811</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CORELOGIC INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>21871D103</cusip><value>629</value><shrsOrPrnAmt><sshPrnamt>16042</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16042</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CORNING INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>219350105</cusip><value>4655</value><shrsOrPrnAmt><sshPrnamt>196854</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>196854</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CORPORATE OFFICE PPTYS TR</nameOfIssuer><titleOfClass>SH BEN INT</titleOfClass><cusip>22002T108</cusip><value>701</value><shrsOrPrnAmt><sshPrnamt>24747</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24747</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CORRECTIONS CORP AMER NEW</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>22025Y407</cusip><value>621</value><shrsOrPrnAmt><sshPrnamt>44820</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>44820</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COSTAR GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>22160N109</cusip><value>1277</value><shrsOrPrnAmt><sshPrnamt>5900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>5900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COSTCO WHSL CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>22160K105</cusip><value>12171</value><shrsOrPrnAmt><sshPrnamt>79801</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>79801</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COVANTA HLDG CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>22282E102</cusip><value>326</value><shrsOrPrnAmt><sshPrnamt>21165</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21165</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CRANE CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>224399105</cusip><value>556</value><shrsOrPrnAmt><sshPrnamt>8825</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8825</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CREDIT ACCEP CORP MICH</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>225310101</cusip><value>321</value><shrsOrPrnAmt><sshPrnamt>1600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CREE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>225447101</cusip><value>464</value><shrsOrPrnAmt><sshPrnamt>18058</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18058</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CROWN CASTLE INTL CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>22822V101</cusip><value>6434</value><shrsOrPrnAmt><sshPrnamt>68293</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>68293</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CROWN HOLDINGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>228368106</cusip><value>1399</value><shrsOrPrnAmt><sshPrnamt>24499</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24499</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CSRA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>12650T104</cusip><value>800</value><shrsOrPrnAmt><sshPrnamt>29733</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29733</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CST BRANDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>12646R105</cusip><value>649</value><shrsOrPrnAmt><sshPrnamt>13503</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13503</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CSX CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>126408103</cusip><value>5325</value><shrsOrPrnAmt><sshPrnamt>174597</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>174597</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CUBESMART</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>229663109</cusip><value>974</value><shrsOrPrnAmt><sshPrnamt>35700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>35700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CULLEN FROST BANKERS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>229899109</cusip><value>693</value><shrsOrPrnAmt><sshPrnamt>9637</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9637</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CUMMINS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>231021106</cusip><value>3703</value><shrsOrPrnAmt><sshPrnamt>28899</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28899</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CVS HEALTH CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>126650100</cusip><value>17504</value><shrsOrPrnAmt><sshPrnamt>196700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>196700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CYPRESS SEMICONDUCTOR CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>232806109</cusip><value>691</value><shrsOrPrnAmt><sshPrnamt>56800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>56800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CYRUSONE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>23283R100</cusip><value>609</value><shrsOrPrnAmt><sshPrnamt>12800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>D R HORTON INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>23331A109</cusip><value>1860</value><shrsOrPrnAmt><sshPrnamt>61580</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>61580</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DANAHER CORP DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>235851102</cusip><value>8694</value><shrsOrPrnAmt><sshPrnamt>110903</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>110903</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DARDEN RESTAURANTS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>237194105</cusip><value>1299</value><shrsOrPrnAmt><sshPrnamt>21189</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21189</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DAVITA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>23918K108</cusip><value>2023</value><shrsOrPrnAmt><sshPrnamt>30618</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>30618</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DCT INDUSTRIAL TRUST INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>233153204</cusip><value>942</value><shrsOrPrnAmt><sshPrnamt>19407</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19407</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DDR CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>23317H102</cusip><value>1197</value><shrsOrPrnAmt><sshPrnamt>68696</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>68696</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DEERE &amp; CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>244199105</cusip><value>4916</value><shrsOrPrnAmt><sshPrnamt>57606</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>57606</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DELL TECHNOLOGIES INC</nameOfIssuer><titleOfClass>COM CL V</titleOfClass><cusip>24703L103</cusip><value>1904</value><shrsOrPrnAmt><sshPrnamt>39834</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>39834</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DELPHI AUTOMOTIVE PLC</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G27823106</cusip><value>3551</value><shrsOrPrnAmt><sshPrnamt>49800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>49800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DELTA AIR LINES INC DEL</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>247361702</cusip><value>5554</value><shrsOrPrnAmt><sshPrnamt>141108</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>141108</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DENTSPLY SIRONA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>24906P109</cusip><value>2495</value><shrsOrPrnAmt><sshPrnamt>41993</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>41993</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DEVON ENERGY CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>25179M103</cusip><value>4211</value><shrsOrPrnAmt><sshPrnamt>95470</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>95470</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DEXCOM INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>252131107</cusip><value>1315</value><shrsOrPrnAmt><sshPrnamt>15000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DIAMOND OFFSHORE DRILLING IN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>25271C102</cusip><value>204</value><shrsOrPrnAmt><sshPrnamt>11590</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11590</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DIAMONDBACK ENERGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>25278X109</cusip><value>1371</value><shrsOrPrnAmt><sshPrnamt>14200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DIAMONDROCK HOSPITALITY CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>252784301</cusip><value>149</value><shrsOrPrnAmt><sshPrnamt>16363</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16363</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DICKS SPORTING GOODS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>253393102</cusip><value>903</value><shrsOrPrnAmt><sshPrnamt>15917</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15917</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DIGITAL RLTY TR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>253868103</cusip><value>3224</value><shrsOrPrnAmt><sshPrnamt>33194</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33194</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DILLARDS INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>254067101</cusip><value>211</value><shrsOrPrnAmt><sshPrnamt>3351</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>3351</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DISCOVER FINL SVCS</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>254709108</cusip><value>4240</value><shrsOrPrnAmt><sshPrnamt>74991</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>74991</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DISCOVERY COMMUNICATNS NEW</nameOfIssuer><titleOfClass>COM SER A</titleOfClass><cusip>25470F104</cusip><value>734</value><shrsOrPrnAmt><sshPrnamt>27243</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27243</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DISCOVERY COMMUNICATNS NEW</nameOfIssuer><titleOfClass>COM SER C</titleOfClass><cusip>25470F302</cusip><value>1130</value><shrsOrPrnAmt><sshPrnamt>42943</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>42943</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DISH NETWORK CORP</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>25470M109</cusip><value>2197</value><shrsOrPrnAmt><sshPrnamt>40116</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>40116</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DISNEY WALT CO</nameOfIssuer><titleOfClass>COM DISNEY</titleOfClass><cusip>254687106</cusip><value>27605</value><shrsOrPrnAmt><sshPrnamt>297277</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>297277</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DOLBY LABORATORIES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>25659T107</cusip><value>497</value><shrsOrPrnAmt><sshPrnamt>9142</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9142</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DOLLAR GEN CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>256677105</cusip><value>3642</value><shrsOrPrnAmt><sshPrnamt>52033</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>52033</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DOLLAR TREE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>256746108</cusip><value>3272</value><shrsOrPrnAmt><sshPrnamt>41455</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>41455</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DOMINION RES INC VA NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>25746U109</cusip><value>8372</value><shrsOrPrnAmt><sshPrnamt>112731</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>112731</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DOMINOS PIZZA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>25754A201</cusip><value>1382</value><shrsOrPrnAmt><sshPrnamt>9100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DOMTAR CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>257559203</cusip><value>416</value><shrsOrPrnAmt><sshPrnamt>11196</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11196</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DONALDSON INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>257651109</cusip><value>861</value><shrsOrPrnAmt><sshPrnamt>23047</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23047</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DONNELLEY R R &amp; SONS CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>257867101</cusip><value>596</value><shrsOrPrnAmt><sshPrnamt>37971</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>37971</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DOUGLAS EMMETT INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>25960P109</cusip><value>1146</value><shrsOrPrnAmt><sshPrnamt>31315</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31315</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DOVER CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>260003108</cusip><value>2063</value><shrsOrPrnAmt><sshPrnamt>28014</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28014</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DOW CHEM CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>260543103</cusip><value>10651</value><shrsOrPrnAmt><sshPrnamt>205499</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>205499</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DR PEPPER SNAPPLE GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>26138E109</cusip><value>3091</value><shrsOrPrnAmt><sshPrnamt>33851</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33851</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DRIL-QUIP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>262037104</cusip><value>385</value><shrsOrPrnAmt><sshPrnamt>6900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DST SYS INC DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>233326107</cusip><value>710</value><shrsOrPrnAmt><sshPrnamt>6027</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6027</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DTE ENERGY CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>233331107</cusip><value>3070</value><shrsOrPrnAmt><sshPrnamt>32780</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>32780</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DU PONT E I DE NEMOURS &amp; CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>263534109</cusip><value>10723</value><shrsOrPrnAmt><sshPrnamt>160110</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>160110</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DUKE ENERGY CORP NEW</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>26441C204</cusip><value>10108</value><shrsOrPrnAmt><sshPrnamt>126283</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>126283</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DUKE REALTY CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>264411505</cusip><value>2144</value><shrsOrPrnAmt><sshPrnamt>78449</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>78449</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DUN &amp; BRADSTREET CORP DEL NE</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>26483E100</cusip><value>916</value><shrsOrPrnAmt><sshPrnamt>6705</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6705</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DUNKIN BRANDS GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>265504100</cusip><value>868</value><shrsOrPrnAmt><sshPrnamt>16675</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16675</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>E TRADE FINANCIAL CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>269246401</cusip><value>1482</value><shrsOrPrnAmt><sshPrnamt>50906</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>50906</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EAGLE MATERIALS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>26969P108</cusip><value>665</value><shrsOrPrnAmt><sshPrnamt>8600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EAST WEST BANCORP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>27579R104</cusip><value>958</value><shrsOrPrnAmt><sshPrnamt>26094</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26094</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EASTMAN CHEM CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>277432100</cusip><value>1821</value><shrsOrPrnAmt><sshPrnamt>26912</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26912</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EATON CORP PLC</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G29183103</cusip><value>5498</value><shrsOrPrnAmt><sshPrnamt>83669</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>83669</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EATON VANCE CORP</nameOfIssuer><titleOfClass>COM NON VTG</titleOfClass><cusip>278265103</cusip><value>776</value><shrsOrPrnAmt><sshPrnamt>19882</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19882</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EBAY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>278642103</cusip><value>6430</value><shrsOrPrnAmt><sshPrnamt>195443</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>195443</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ECHOSTAR CORP</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>278768106</cusip><value>362</value><shrsOrPrnAmt><sshPrnamt>8262</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8262</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ECOLAB INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>278865100</cusip><value>5811</value><shrsOrPrnAmt><sshPrnamt>47734</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>47734</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EDGEWELL PERS CARE CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>28035Q102</cusip><value>861</value><shrsOrPrnAmt><sshPrnamt>10824</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10824</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EDISON INTL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>281020107</cusip><value>4187</value><shrsOrPrnAmt><sshPrnamt>57942</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>57942</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EDWARDS LIFESCIENCES CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>28176E108</cusip><value>4658</value><shrsOrPrnAmt><sshPrnamt>38636</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>38636</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ELECTRONIC ARTS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>285512109</cusip><value>4539</value><shrsOrPrnAmt><sshPrnamt>53148</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>53148</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EMERSON ELEC CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>291011104</cusip><value>6395</value><shrsOrPrnAmt><sshPrnamt>117316</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>117316</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EMPIRE ST RLTY TR INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>292104106</cusip><value>463</value><shrsOrPrnAmt><sshPrnamt>22100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ENDO INTL PLC</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G30401106</cusip><value>750</value><shrsOrPrnAmt><sshPrnamt>37221</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>37221</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ENDURANCE SPECIALTY HLDGS LT</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G30397106</cusip><value>759</value><shrsOrPrnAmt><sshPrnamt>11587</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11587</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ENERGEN CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>29265N108</cusip><value>1017</value><shrsOrPrnAmt><sshPrnamt>17622</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17622</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ENERGIZER HLDGS INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>29272W109</cusip><value>556</value><shrsOrPrnAmt><sshPrnamt>11124</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11124</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ENSCO PLC</nameOfIssuer><titleOfClass>SHS CLASS A</titleOfClass><cusip>G3157S106</cusip><value>467</value><shrsOrPrnAmt><sshPrnamt>54971</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>54971</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ENTERGY CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>29364G103</cusip><value>2511</value><shrsOrPrnAmt><sshPrnamt>32726</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>32726</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ENVISION HEALTHCARE HLDGS IN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>29413U103</cusip><value>755</value><shrsOrPrnAmt><sshPrnamt>33900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EOG RES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>26875P101</cusip><value>9734</value><shrsOrPrnAmt><sshPrnamt>100652</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>100652</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EPR PPTYS</nameOfIssuer><titleOfClass>COM SH BEN INT</titleOfClass><cusip>26884U109</cusip><value>1108</value><shrsOrPrnAmt><sshPrnamt>14069</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14069</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EQT CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>26884L109</cusip><value>2288</value><shrsOrPrnAmt><sshPrnamt>31508</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31508</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EQUIFAX INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>294429105</cusip><value>2924</value><shrsOrPrnAmt><sshPrnamt>21726</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21726</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EQUINIX INC</nameOfIssuer><titleOfClass>COM PAR $0.001</titleOfClass><cusip>29444U700</cusip><value>5012</value><shrsOrPrnAmt><sshPrnamt>13912</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13912</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EQUITY COMWLTH</nameOfIssuer><titleOfClass>COM SH BEN INT</titleOfClass><cusip>294628102</cusip><value>976</value><shrsOrPrnAmt><sshPrnamt>32280</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>32280</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EQUITY LIFESTYLE PPTYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>29472R108</cusip><value>1254</value><shrsOrPrnAmt><sshPrnamt>16258</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16258</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EQUITY ONE</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>294752100</cusip><value>604</value><shrsOrPrnAmt><sshPrnamt>19738</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19738</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EQUITY RESIDENTIAL</nameOfIssuer><titleOfClass>SH BEN INT</titleOfClass><cusip>29476L107</cusip><value>5102</value><shrsOrPrnAmt><sshPrnamt>79298</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>79298</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ERIE INDTY CO</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>29530P102</cusip><value>453</value><shrsOrPrnAmt><sshPrnamt>4434</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>4434</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ESSEX PPTY TR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>297178105</cusip><value>2941</value><shrsOrPrnAmt><sshPrnamt>13207</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13207</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EURONET WORLDWIDE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>298736109</cusip><value>745</value><shrsOrPrnAmt><sshPrnamt>9100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EVEREST RE GROUP LTD</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>G3223R108</cusip><value>1457</value><shrsOrPrnAmt><sshPrnamt>7668</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7668</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EVERSOURCE ENERGY</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>30040W108</cusip><value>3143</value><shrsOrPrnAmt><sshPrnamt>57999</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>57999</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EXELON CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>30161N101</cusip><value>5405</value><shrsOrPrnAmt><sshPrnamt>162365</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>162365</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EXPEDIA INC DEL</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>30212P303</cusip><value>2550</value><shrsOrPrnAmt><sshPrnamt>21855</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21855</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EXPEDITORS INTL WASH INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>302130109</cusip><value>1703</value><shrsOrPrnAmt><sshPrnamt>33047</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33047</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EXPRESS SCRIPTS HLDG CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>30219G108</cusip><value>8168</value><shrsOrPrnAmt><sshPrnamt>115814</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>115814</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EXTENDED STAY AMER INC</nameOfIssuer><titleOfClass>UNIT 99/99/9999B</titleOfClass><cusip>30224P200</cusip><value>190</value><shrsOrPrnAmt><sshPrnamt>13400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EXTRA SPACE STORAGE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>30225T102</cusip><value>1922</value><shrsOrPrnAmt><sshPrnamt>24206</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24206</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>30231G102</cusip><value>66587</value><shrsOrPrnAmt><sshPrnamt>762921</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>762921</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>F M C CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>302491303</cusip><value>1176</value><shrsOrPrnAmt><sshPrnamt>24342</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24342</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>F5 NETWORKS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>315616102</cusip><value>1531</value><shrsOrPrnAmt><sshPrnamt>12278</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12278</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FACEBOOK INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>30303M102</cusip><value>52757</value><shrsOrPrnAmt><sshPrnamt>411300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>411300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FACTSET RESH SYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>303075105</cusip><value>1193</value><shrsOrPrnAmt><sshPrnamt>7364</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7364</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FASTENAL CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>311900104</cusip><value>2195</value><shrsOrPrnAmt><sshPrnamt>52540</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>52540</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FEDERAL REALTY INVT TR</nameOfIssuer><titleOfClass>SH BEN INT NEW</titleOfClass><cusip>313747206</cusip><value>2322</value><shrsOrPrnAmt><sshPrnamt>15086</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15086</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FEDERATED INVS INC PA</nameOfIssuer><titleOfClass>CL B</titleOfClass><cusip>314211103</cusip><value>502</value><shrsOrPrnAmt><sshPrnamt>16946</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16946</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FEDEX CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>31428X106</cusip><value>7987</value><shrsOrPrnAmt><sshPrnamt>45724</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>45724</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FIDELITY NATIONAL FINANCIAL</nameOfIssuer><titleOfClass>FNF GROUP COM</titleOfClass><cusip>31620R303</cusip><value>1766</value><shrsOrPrnAmt><sshPrnamt>47824</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>47824</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FIDELITY NATL INFORMATION SV</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>31620M106</cusip><value>4576</value><shrsOrPrnAmt><sshPrnamt>59404</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>59404</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FIFTH THIRD BANCORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>316773100</cusip><value>2859</value><shrsOrPrnAmt><sshPrnamt>139739</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>139739</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FIREEYE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>31816Q101</cusip><value>405</value><shrsOrPrnAmt><sshPrnamt>27500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FIRST AMERN FINL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>31847R102</cusip><value>762</value><shrsOrPrnAmt><sshPrnamt>19400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FIRST DATA CORP NEW</nameOfIssuer><titleOfClass>COM CL A</titleOfClass><cusip>32008D106</cusip><value>751</value><shrsOrPrnAmt><sshPrnamt>57100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>57100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FIRST HORIZON NATL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>320517105</cusip><value>640</value><shrsOrPrnAmt><sshPrnamt>42047</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>42047</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FIRST REP BK SAN FRANCISCO C</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>33616C100</cusip><value>2044</value><shrsOrPrnAmt><sshPrnamt>26502</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26502</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FIRST SOLAR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>336433107</cusip><value>541</value><shrsOrPrnAmt><sshPrnamt>13700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FIRSTENERGY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>337932107</cusip><value>2572</value><shrsOrPrnAmt><sshPrnamt>77756</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>77756</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FISERV INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>337738108</cusip><value>4040</value><shrsOrPrnAmt><sshPrnamt>40620</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>40620</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FITBIT INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>33812L102</cusip><value>340</value><shrsOrPrnAmt><sshPrnamt>22900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FLEETCOR TECHNOLOGIES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>339041105</cusip><value>2924</value><shrsOrPrnAmt><sshPrnamt>16828</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16828</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FLIR SYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>302445101</cusip><value>784</value><shrsOrPrnAmt><sshPrnamt>24940</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24940</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FLOWERS FOODS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>343498101</cusip><value>476</value><shrsOrPrnAmt><sshPrnamt>31509</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31509</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FLOWSERVE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>34354P105</cusip><value>1141</value><shrsOrPrnAmt><sshPrnamt>23654</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23654</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FLUOR CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>343412102</cusip><value>1303</value><shrsOrPrnAmt><sshPrnamt>25386</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25386</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FMC TECHNOLOGIES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>30249U101</cusip><value>1222</value><shrsOrPrnAmt><sshPrnamt>41178</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>41178</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FOOT LOCKER INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>344849104</cusip><value>1668</value><shrsOrPrnAmt><sshPrnamt>24627</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24627</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FORD MTR CO DEL</nameOfIssuer><titleOfClass>COM PAR $0.01</titleOfClass><cusip>345370860</cusip><value>8582</value><shrsOrPrnAmt><sshPrnamt>711033</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>711033</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FOREST CITY RLTY TR INC</nameOfIssuer><titleOfClass>COM CL A</titleOfClass><cusip>345605109</cusip><value>963</value><shrsOrPrnAmt><sshPrnamt>41654</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>41654</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FORTINET INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>34959E109</cusip><value>971</value><shrsOrPrnAmt><sshPrnamt>26271</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26271</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FORTIVE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>34959J108</cusip><value>2817</value><shrsOrPrnAmt><sshPrnamt>55351</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>55351</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FORTUNE BRANDS HOME &amp; SEC IN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>34964C106</cusip><value>1620</value><shrsOrPrnAmt><sshPrnamt>27885</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27885</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FRANKLIN RES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>354613101</cusip><value>2344</value><shrsOrPrnAmt><sshPrnamt>65902</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>65902</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FREEPORT-MCMORAN INC</nameOfIssuer><titleOfClass>CL B</titleOfClass><cusip>35671D857</cusip><value>2635</value><shrsOrPrnAmt><sshPrnamt>242626</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>242626</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FRONTIER COMMUNICATIONS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>35906A108</cusip><value>887</value><shrsOrPrnAmt><sshPrnamt>213287</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>213287</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GALLAGHER ARTHUR J &amp; CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>363576109</cusip><value>1627</value><shrsOrPrnAmt><sshPrnamt>31989</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31989</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GAMESTOP CORP NEW</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>36467W109</cusip><value>512</value><shrsOrPrnAmt><sshPrnamt>18561</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18561</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GAMING &amp; LEISURE PPTYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>36467J108</cusip><value>1233</value><shrsOrPrnAmt><sshPrnamt>36856</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36856</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GAP INC DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>364760108</cusip><value>903</value><shrsOrPrnAmt><sshPrnamt>40603</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>40603</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GARMIN LTD</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>H2906T109</cusip><value>972</value><shrsOrPrnAmt><sshPrnamt>20205</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>20205</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GARTNER INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>366651107</cusip><value>1292</value><shrsOrPrnAmt><sshPrnamt>14608</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14608</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GENERAL DYNAMICS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>369550108</cusip><value>6938</value><shrsOrPrnAmt><sshPrnamt>44714</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>44714</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GENERAL ELECTRIC CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>369604103</cusip><value>49956</value><shrsOrPrnAmt><sshPrnamt>1686536</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1686536</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GENERAL GROWTH PPTYS INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>370023103</cusip><value>3494</value><shrsOrPrnAmt><sshPrnamt>126591</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>126591</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GENERAL MLS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>370334104</cusip><value>6946</value><shrsOrPrnAmt><sshPrnamt>108744</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>108744</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GENERAL MTRS CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>37045V100</cusip><value>8153</value><shrsOrPrnAmt><sshPrnamt>256637</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>256637</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GENESEE &amp; WYO INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>371559105</cusip><value>704</value><shrsOrPrnAmt><sshPrnamt>10200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GENPACT LIMITED</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G3922B107</cusip><value>657</value><shrsOrPrnAmt><sshPrnamt>27405</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27405</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GENTEX CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>371901109</cusip><value>906</value><shrsOrPrnAmt><sshPrnamt>51618</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>51618</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GENUINE PARTS CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>372460105</cusip><value>2689</value><shrsOrPrnAmt><sshPrnamt>26767</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26767</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GILEAD SCIENCES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>375558103</cusip><value>19209</value><shrsOrPrnAmt><sshPrnamt>242786</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>242786</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GLOBAL PMTS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>37940X102</cusip><value>2147</value><shrsOrPrnAmt><sshPrnamt>27976</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27976</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GODADDY INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>380237107</cusip><value>290</value><shrsOrPrnAmt><sshPrnamt>8400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GOLDMAN SACHS GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>38141G104</cusip><value>11400</value><shrsOrPrnAmt><sshPrnamt>70688</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>70688</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GOODYEAR TIRE &amp; RUBR CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>382550101</cusip><value>1568</value><shrsOrPrnAmt><sshPrnamt>48542</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>48542</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GRACE W R &amp; CO DEL NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>38388F108</cusip><value>946</value><shrsOrPrnAmt><sshPrnamt>12811</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12811</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GRACO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>384109104</cusip><value>746</value><shrsOrPrnAmt><sshPrnamt>10078</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10078</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GRAHAM HLDGS CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>384637104</cusip><value>404</value><shrsOrPrnAmt><sshPrnamt>839</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>839</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GRAINGER W W INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>384802104</cusip><value>2280</value><shrsOrPrnAmt><sshPrnamt>10139</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10139</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GRAMERCY PPTY TR</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>385002100</cusip><value>100</value><shrsOrPrnAmt><sshPrnamt>10400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GRAPHIC PACKAGING HLDG CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>388689101</cusip><value>813</value><shrsOrPrnAmt><sshPrnamt>58100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>58100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GREAT PLAINS ENERGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>391164100</cusip><value>766</value><shrsOrPrnAmt><sshPrnamt>28101</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28101</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GROUPON INC</nameOfIssuer><titleOfClass>COM CL A</titleOfClass><cusip>399473107</cusip><value>344</value><shrsOrPrnAmt><sshPrnamt>66775</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>66775</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GUIDEWIRE SOFTWARE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>40171V100</cusip><value>792</value><shrsOrPrnAmt><sshPrnamt>13200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GULFPORT ENERGY CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>402635304</cusip><value>647</value><shrsOrPrnAmt><sshPrnamt>22900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HAIN CELESTIAL GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>405217100</cusip><value>658</value><shrsOrPrnAmt><sshPrnamt>18500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HALLIBURTON CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>406216101</cusip><value>7037</value><shrsOrPrnAmt><sshPrnamt>156814</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>156814</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HANESBRANDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>410345102</cusip><value>1735</value><shrsOrPrnAmt><sshPrnamt>68720</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>68720</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HANOVER INS GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>410867105</cusip><value>584</value><shrsOrPrnAmt><sshPrnamt>7746</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7746</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HARLEY DAVIDSON INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>412822108</cusip><value>1738</value><shrsOrPrnAmt><sshPrnamt>33033</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33033</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HARMAN INTL INDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>413086109</cusip><value>1084</value><shrsOrPrnAmt><sshPrnamt>12839</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12839</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HARRIS CORP DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>413875105</cusip><value>2081</value><shrsOrPrnAmt><sshPrnamt>22716</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22716</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HARTFORD FINL SVCS GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>416515104</cusip><value>3061</value><shrsOrPrnAmt><sshPrnamt>71493</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>71493</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HASBRO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>418056107</cusip><value>1627</value><shrsOrPrnAmt><sshPrnamt>20508</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>20508</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HAWAIIAN ELEC INDUSTRIES</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>419870100</cusip><value>581</value><shrsOrPrnAmt><sshPrnamt>19476</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19476</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HCA HOLDINGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>40412C101</cusip><value>4244</value><shrsOrPrnAmt><sshPrnamt>56123</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>56123</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HCP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>40414L109</cusip><value>4316</value><shrsOrPrnAmt><sshPrnamt>113707</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>113707</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HD SUPPLY HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>40416M105</cusip><value>1171</value><shrsOrPrnAmt><sshPrnamt>36600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HEALTHCARE TR AMER INC</nameOfIssuer><titleOfClass>CL A NEW</titleOfClass><cusip>42225P501</cusip><value>961</value><shrsOrPrnAmt><sshPrnamt>29466</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29466</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HEICO CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>422806109</cusip><value>249</value><shrsOrPrnAmt><sshPrnamt>3600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>3600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HEICO CORP NEW</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>422806208</cusip><value>418</value><shrsOrPrnAmt><sshPrnamt>6900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HELMERICH &amp; PAYNE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>423452101</cusip><value>1191</value><shrsOrPrnAmt><sshPrnamt>17699</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17699</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HENRY JACK &amp; ASSOC INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>426281101</cusip><value>1223</value><shrsOrPrnAmt><sshPrnamt>14300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HERBALIFE LTD</nameOfIssuer><titleOfClass>COM USD SHS</titleOfClass><cusip>G4412G101</cusip><value>829</value><shrsOrPrnAmt><sshPrnamt>13365</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13365</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HERSHEY CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>427866108</cusip><value>2446</value><shrsOrPrnAmt><sshPrnamt>25586</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25586</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HERTZ GLOBAL HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>42806J106</cusip><value>529</value><shrsOrPrnAmt><sshPrnamt>13156</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13156</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HESS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>42809H107</cusip><value>2758</value><shrsOrPrnAmt><sshPrnamt>51434</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>51434</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HEWLETT PACKARD ENTERPRISE C</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>42824C109</cusip><value>7189</value><shrsOrPrnAmt><sshPrnamt>316035</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>316035</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HEXCEL CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>428291108</cusip><value>749</value><shrsOrPrnAmt><sshPrnamt>16900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HIGHWOODS PPTYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>431284108</cusip><value>1170</value><shrsOrPrnAmt><sshPrnamt>22438</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22438</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HILL ROM HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>431475102</cusip><value>738</value><shrsOrPrnAmt><sshPrnamt>11913</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11913</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HILTON WORLDWIDE HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>43300A104</cusip><value>2194</value><shrsOrPrnAmt><sshPrnamt>95700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>95700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HOLLYFRONTIER CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>436106108</cusip><value>725</value><shrsOrPrnAmt><sshPrnamt>29582</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29582</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HOLOGIC INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>436440101</cusip><value>1974</value><shrsOrPrnAmt><sshPrnamt>50845</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>50845</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HOME DEPOT INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>437076102</cusip><value>29348</value><shrsOrPrnAmt><sshPrnamt>228072</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>228072</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HONEYWELL INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>438516106</cusip><value>16266</value><shrsOrPrnAmt><sshPrnamt>139512</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>139512</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HORMEL FOODS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>440452100</cusip><value>1874</value><shrsOrPrnAmt><sshPrnamt>49394</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>49394</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HOSPITALITY PPTYS TR</nameOfIssuer><titleOfClass>COM SH BEN INT</titleOfClass><cusip>44106M102</cusip><value>1393</value><shrsOrPrnAmt><sshPrnamt>46859</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>46859</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HOST HOTELS &amp; RESORTS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>44107P104</cusip><value>3001</value><shrsOrPrnAmt><sshPrnamt>192734</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>192734</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HOWARD HUGHES CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>44267D107</cusip><value>764</value><shrsOrPrnAmt><sshPrnamt>6666</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6666</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>40434L105</cusip><value>4909</value><shrsOrPrnAmt><sshPrnamt>316135</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>316135</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HUBBELL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>443510607</cusip><value>1084</value><shrsOrPrnAmt><sshPrnamt>10065</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10065</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HUMANA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>444859102</cusip><value>4842</value><shrsOrPrnAmt><sshPrnamt>27377</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27377</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HUNT J B TRANS SVCS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>445658107</cusip><value>1308</value><shrsOrPrnAmt><sshPrnamt>16116</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16116</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HUNTINGTON BANCSHARES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>446150104</cusip><value>1939</value><shrsOrPrnAmt><sshPrnamt>196648</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>196648</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HUNTINGTON INGALLS INDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>446413106</cusip><value>1306</value><shrsOrPrnAmt><sshPrnamt>8519</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8519</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HUNTSMAN CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>447011107</cusip><value>588</value><shrsOrPrnAmt><sshPrnamt>36137</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36137</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HYATT HOTELS CORP</nameOfIssuer><titleOfClass>COM CL A</titleOfClass><cusip>448579102</cusip><value>211</value><shrsOrPrnAmt><sshPrnamt>4286</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>4286</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>IAC INTERACTIVECORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>44919P508</cusip><value>800</value><shrsOrPrnAmt><sshPrnamt>12808</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12808</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>IDEX CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>45167R104</cusip><value>1300</value><shrsOrPrnAmt><sshPrnamt>13888</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13888</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>IDEXX LABS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>45168D104</cusip><value>1832</value><shrsOrPrnAmt><sshPrnamt>16248</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16248</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ILLINOIS TOOL WKS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>452308109</cusip><value>6465</value><shrsOrPrnAmt><sshPrnamt>53947</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>53947</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ILLUMINA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>452327109</cusip><value>4867</value><shrsOrPrnAmt><sshPrnamt>26790</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26790</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>IMS HEALTH HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>44970B109</cusip><value>862</value><shrsOrPrnAmt><sshPrnamt>27500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INCYTE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>45337C102</cusip><value>2801</value><shrsOrPrnAmt><sshPrnamt>29700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INGERSOLL-RAND PLC</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G47791101</cusip><value>3193</value><shrsOrPrnAmt><sshPrnamt>46997</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>46997</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INGRAM MICRO INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>457153104</cusip><value>942</value><shrsOrPrnAmt><sshPrnamt>26425</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26425</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INGREDION INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>457187102</cusip><value>1757</value><shrsOrPrnAmt><sshPrnamt>13202</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13202</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INOVALON HLDGS INC</nameOfIssuer><titleOfClass>COM CL A</titleOfClass><cusip>45781D101</cusip><value>158</value><shrsOrPrnAmt><sshPrnamt>10700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTEL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>458140100</cusip><value>32694</value><shrsOrPrnAmt><sshPrnamt>866082</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>866082</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTERACTIVE BROKERS GROUP IN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>45841N107</cusip><value>405</value><shrsOrPrnAmt><sshPrnamt>11484</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11484</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTERCEPT PHARMACEUTICALS IN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>45845P108</cusip><value>510</value><shrsOrPrnAmt><sshPrnamt>3100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>3100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTERCONTINENTAL EXCHANGE IN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>45866F104</cusip><value>5828</value><shrsOrPrnAmt><sshPrnamt>21637</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21637</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTERNATIONAL BUSINESS MACHS</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>459200101</cusip><value>25600</value><shrsOrPrnAmt><sshPrnamt>161161</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>161161</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTERNATIONAL FLAVORS&amp;FRAGRA</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>459506101</cusip><value>2086</value><shrsOrPrnAmt><sshPrnamt>14590</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14590</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTERNATIONAL GAME TECHNOLOG</nameOfIssuer><titleOfClass>SHS USD</titleOfClass><cusip>G4863A108</cusip><value>417</value><shrsOrPrnAmt><sshPrnamt>17100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTERPUBLIC GROUP COS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>460690100</cusip><value>1637</value><shrsOrPrnAmt><sshPrnamt>73245</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>73245</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTL PAPER CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>460146103</cusip><value>3597</value><shrsOrPrnAmt><sshPrnamt>74965</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>74965</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTREXON CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>46122T102</cusip><value>281</value><shrsOrPrnAmt><sshPrnamt>10000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTUIT</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>461202103</cusip><value>4905</value><shrsOrPrnAmt><sshPrnamt>44586</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>44586</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTUITIVE SURGICAL INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>46120E602</cusip><value>5021</value><shrsOrPrnAmt><sshPrnamt>6927</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6927</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INVESCO LTD</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G491BT108</cusip><value>2347</value><shrsOrPrnAmt><sshPrnamt>75040</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>75040</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INVESTORS REAL ESTATE TR</nameOfIssuer><titleOfClass>SH BEN INT</titleOfClass><cusip>461730103</cusip><value>80</value><shrsOrPrnAmt><sshPrnamt>13404</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13404</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>IONIS PHARMACEUTICALS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>462222100</cusip><value>803</value><shrsOrPrnAmt><sshPrnamt>21900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>IPG PHOTONICS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>44980X109</cusip><value>530</value><shrsOrPrnAmt><sshPrnamt>6440</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6440</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>IRON MTN INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>46284V101</cusip><value>2959</value><shrsOrPrnAmt><sshPrnamt>78862</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>78862</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ITC HLDGS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>465685105</cusip><value>1277</value><shrsOrPrnAmt><sshPrnamt>27479</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27479</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ITT INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>45073V108</cusip><value>587</value><shrsOrPrnAmt><sshPrnamt>16391</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16391</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>JABIL CIRCUIT INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>466313103</cusip><value>742</value><shrsOrPrnAmt><sshPrnamt>34008</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>34008</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>JACOBS ENGR GROUP INC DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>469814107</cusip><value>1132</value><shrsOrPrnAmt><sshPrnamt>21891</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21891</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>JETBLUE AIRWAYS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>477143101</cusip><value>1012</value><shrsOrPrnAmt><sshPrnamt>58700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>58700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>JOHNSON &amp; JOHNSON</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>478160104</cusip><value>59494</value><shrsOrPrnAmt><sshPrnamt>503630</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>503630</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>JOHNSON CTLS INTL PLC</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G51502105</cusip><value>7851</value><shrsOrPrnAmt><sshPrnamt>168710</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>168710</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>JONES LANG LASALLE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>48020Q107</cusip><value>1331</value><shrsOrPrnAmt><sshPrnamt>11693</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11693</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>JPMORGAN CHASE &amp; CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>46625H100</cusip><value>44423</value><shrsOrPrnAmt><sshPrnamt>667116</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>667116</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>JUNIPER NETWORKS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>48203R104</cusip><value>1640</value><shrsOrPrnAmt><sshPrnamt>68185</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>68185</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>JUNO THERAPEUTICS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>48205A109</cusip><value>342</value><shrsOrPrnAmt><sshPrnamt>11400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KANSAS CITY SOUTHERN</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>485170302</cusip><value>1839</value><shrsOrPrnAmt><sshPrnamt>19710</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19710</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KAR AUCTION SVCS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>48238T109</cusip><value>1083</value><shrsOrPrnAmt><sshPrnamt>25100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KATE SPADE &amp; CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>485865109</cusip><value>399</value><shrsOrPrnAmt><sshPrnamt>23300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KBR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>48242W106</cusip><value>393</value><shrsOrPrnAmt><sshPrnamt>26018</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26018</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KELLOGG CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>487836108</cusip><value>3511</value><shrsOrPrnAmt><sshPrnamt>45322</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>45322</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KEYCORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>493267108</cusip><value>2397</value><shrsOrPrnAmt><sshPrnamt>197000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>197000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KEYSIGHT TECHNOLOGIES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>49338L103</cusip><value>991</value><shrsOrPrnAmt><sshPrnamt>31269</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31269</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KILROY RLTY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>49427F108</cusip><value>1343</value><shrsOrPrnAmt><sshPrnamt>19350</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19350</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KIMBERLY CLARK CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>494368103</cusip><value>8297</value><shrsOrPrnAmt><sshPrnamt>65782</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>65782</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KIMCO RLTY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>49446R109</cusip><value>2597</value><shrsOrPrnAmt><sshPrnamt>89738</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>89738</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KINDER MORGAN INC DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>49456B101</cusip><value>8147</value><shrsOrPrnAmt><sshPrnamt>352222</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>352222</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KIRBY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>497266106</cusip><value>600</value><shrsOrPrnAmt><sshPrnamt>9639</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9639</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KLA-TENCOR CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>482480100</cusip><value>1982</value><shrsOrPrnAmt><sshPrnamt>28430</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28430</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KOHLS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>500255104</cusip><value>1469</value><shrsOrPrnAmt><sshPrnamt>33594</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33594</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KOSMOS ENERGY LTD</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G5315B107</cusip><value>183</value><shrsOrPrnAmt><sshPrnamt>28545</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28545</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KRAFT HEINZ CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>500754106</cusip><value>9781</value><shrsOrPrnAmt><sshPrnamt>109273</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>109273</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KROGER CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>501044101</cusip><value>5165</value><shrsOrPrnAmt><sshPrnamt>174012</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>174012</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>L BRANDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>501797104</cusip><value>3135</value><shrsOrPrnAmt><sshPrnamt>44298</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>44298</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>L-3 COMMUNICATIONS HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>502424104</cusip><value>2120</value><shrsOrPrnAmt><sshPrnamt>14067</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14067</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LABORATORY CORP AMER HLDGS</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>50540R409</cusip><value>2570</value><shrsOrPrnAmt><sshPrnamt>18698</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18698</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LAM RESEARCH CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>512807108</cusip><value>2764</value><shrsOrPrnAmt><sshPrnamt>29179</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29179</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LAMAR ADVERTISING CO NEW</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>512816109</cusip><value>977</value><shrsOrPrnAmt><sshPrnamt>14957</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14957</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LANDSTAR SYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>515098101</cusip><value>521</value><shrsOrPrnAmt><sshPrnamt>7652</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7652</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LAREDO PETROLEUM INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>516806106</cusip><value>338</value><shrsOrPrnAmt><sshPrnamt>26166</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26166</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LAS VEGAS SANDS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>517834107</cusip><value>3820</value><shrsOrPrnAmt><sshPrnamt>66396</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>66396</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LAUDER ESTEE COS INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>518439104</cusip><value>3511</value><shrsOrPrnAmt><sshPrnamt>39651</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>39651</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LAZARD LTD</nameOfIssuer><titleOfClass>SHS A</titleOfClass><cusip>G54050102</cusip><value>842</value><shrsOrPrnAmt><sshPrnamt>23139</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23139</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LEAR CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>521865204</cusip><value>1647</value><shrsOrPrnAmt><sshPrnamt>13580</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13580</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LEGG MASON INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>524901105</cusip><value>641</value><shrsOrPrnAmt><sshPrnamt>19147</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19147</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LEGGETT &amp; PLATT INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>524660107</cusip><value>1102</value><shrsOrPrnAmt><sshPrnamt>24176</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24176</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LEIDOS HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>525327102</cusip><value>1043</value><shrsOrPrnAmt><sshPrnamt>24098</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24098</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LENNAR CORP</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>526057104</cusip><value>1395</value><shrsOrPrnAmt><sshPrnamt>32943</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>32943</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LENNOX INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>526107107</cusip><value>1140</value><shrsOrPrnAmt><sshPrnamt>7260</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7260</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LEUCADIA NATL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>527288104</cusip><value>1141</value><shrsOrPrnAmt><sshPrnamt>59924</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>59924</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LEVEL 3 COMMUNICATIONS INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>52729N308</cusip><value>2478</value><shrsOrPrnAmt><sshPrnamt>53424</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>53424</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LEXINGTON REALTY TRUST</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>529043101</cusip><value>180</value><shrsOrPrnAmt><sshPrnamt>17501</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17501</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LEXMARK INTL INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>529771107</cusip><value>446</value><shrsOrPrnAmt><sshPrnamt>11156</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11156</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LIBERTY BROADBAND CORP</nameOfIssuer><titleOfClass>COM SER A</titleOfClass><cusip>530307107</cusip><value>324</value><shrsOrPrnAmt><sshPrnamt>4623</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>4623</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LIBERTY BROADBAND CORP</nameOfIssuer><titleOfClass>COM SER C</titleOfClass><cusip>530307305</cusip><value>1347</value><shrsOrPrnAmt><sshPrnamt>18847</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18847</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LIBERTY INTERACTIVE CORP</nameOfIssuer><titleOfClass>QVC GP COM SER A</titleOfClass><cusip>53071M104</cusip><value>1622</value><shrsOrPrnAmt><sshPrnamt>81058</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>81058</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LIBERTY INTERACTIVE CORP</nameOfIssuer><titleOfClass>LBT VENT COM A</titleOfClass><cusip>53071M880</cusip><value>964</value><shrsOrPrnAmt><sshPrnamt>24177</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24177</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LIBERTY MEDIA CORP DELAWARE</nameOfIssuer><titleOfClass>COM A SIRIUSXM</titleOfClass><cusip>531229409</cusip><value>560</value><shrsOrPrnAmt><sshPrnamt>16495</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16495</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LIBERTY MEDIA CORP DELAWARE</nameOfIssuer><titleOfClass>COM C SIRIUSXM</titleOfClass><cusip>531229607</cusip><value>1116</value><shrsOrPrnAmt><sshPrnamt>33390</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33390</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LIBERTY PPTY TR</nameOfIssuer><titleOfClass>SH BEN INT</titleOfClass><cusip>531172104</cusip><value>1473</value><shrsOrPrnAmt><sshPrnamt>36523</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36523</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LIFE STORAGE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>53223X107</cusip><value>835</value><shrsOrPrnAmt><sshPrnamt>9396</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9396</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LIFEPOINT HEALTH INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>53219L109</cusip><value>436</value><shrsOrPrnAmt><sshPrnamt>7350</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7350</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LILLY ELI &amp; CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>532457108</cusip><value>14337</value><shrsOrPrnAmt><sshPrnamt>178636</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>178636</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LINCOLN ELEC HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>533900106</cusip><value>694</value><shrsOrPrnAmt><sshPrnamt>11081</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11081</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LINCOLN NATL CORP IND</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>534187109</cusip><value>2047</value><shrsOrPrnAmt><sshPrnamt>43572</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>43572</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LINEAR TECHNOLOGY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>535678106</cusip><value>2575</value><shrsOrPrnAmt><sshPrnamt>43427</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>43427</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LINKEDIN CORP</nameOfIssuer><titleOfClass>COM CL A</titleOfClass><cusip>53578A108</cusip><value>4118</value><shrsOrPrnAmt><sshPrnamt>21549</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21549</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LIONS GATE ENTMNT CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>535919203</cusip><value>340</value><shrsOrPrnAmt><sshPrnamt>17000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LIVE NATION ENTERTAINMENT IN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>538034109</cusip><value>657</value><shrsOrPrnAmt><sshPrnamt>23900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LKQ CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>501889208</cusip><value>1976</value><shrsOrPrnAmt><sshPrnamt>55724</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>55724</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LOCKHEED MARTIN CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>539830109</cusip><value>11158</value><shrsOrPrnAmt><sshPrnamt>46546</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>46546</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LOEWS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>540424108</cusip><value>2105</value><shrsOrPrnAmt><sshPrnamt>51151</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>51151</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LOWES COS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>548661107</cusip><value>11831</value><shrsOrPrnAmt><sshPrnamt>163848</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>163848</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LPL FINL HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>50212V100</cusip><value>469</value><shrsOrPrnAmt><sshPrnamt>15676</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15676</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LULULEMON ATHLETICA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>550021109</cusip><value>1084</value><shrsOrPrnAmt><sshPrnamt>17768</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17768</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LYONDELLBASELL INDUSTRIES N</nameOfIssuer><titleOfClass>SHS - A -</titleOfClass><cusip>N53745100</cusip><value>5121</value><shrsOrPrnAmt><sshPrnamt>63491</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>63491</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>M &amp; T BK CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>55261F104</cusip><value>3186</value><shrsOrPrnAmt><sshPrnamt>27438</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27438</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MACERICH CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>554382101</cusip><value>2557</value><shrsOrPrnAmt><sshPrnamt>31623</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31623</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MACK CALI RLTY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>554489104</cusip><value>308</value><shrsOrPrnAmt><sshPrnamt>11307</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11307</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MACQUARIE INFRASTRUCTURE COR</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>55608B105</cusip><value>1132</value><shrsOrPrnAmt><sshPrnamt>13600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MACYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>55616P104</cusip><value>2086</value><shrsOrPrnAmt><sshPrnamt>56308</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>56308</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MADISON SQUARE GARDEN CO NEW</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>55825T103</cusip><value>606</value><shrsOrPrnAmt><sshPrnamt>3573</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>3573</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MALLINCKRODT PUB LTD CO</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G5785G107</cusip><value>1395</value><shrsOrPrnAmt><sshPrnamt>20005</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>20005</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MANHATTAN ASSOCS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>562750109</cusip><value>749</value><shrsOrPrnAmt><sshPrnamt>13000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MANITOWOC FOODSERVICE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>563568104</cusip><value>373</value><shrsOrPrnAmt><sshPrnamt>22996</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22996</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MANPOWERGROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>56418H100</cusip><value>933</value><shrsOrPrnAmt><sshPrnamt>12918</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12918</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MARATHON OIL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>565849106</cusip><value>2448</value><shrsOrPrnAmt><sshPrnamt>154867</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>154867</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MARATHON PETE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>56585A102</cusip><value>3901</value><shrsOrPrnAmt><sshPrnamt>96122</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>96122</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MARKEL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>570535104</cusip><value>2299</value><shrsOrPrnAmt><sshPrnamt>2476</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>2476</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MARKETAXESS HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>57060D108</cusip><value>1109</value><shrsOrPrnAmt><sshPrnamt>6700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MARRIOTT INTL INC NEW</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>571903202</cusip><value>3966</value><shrsOrPrnAmt><sshPrnamt>58915</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>58915</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MARSH &amp; MCLENNAN COS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>571748102</cusip><value>6416</value><shrsOrPrnAmt><sshPrnamt>95393</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>95393</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MARTIN MARIETTA MATLS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>573284106</cusip><value>2087</value><shrsOrPrnAmt><sshPrnamt>11650</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11650</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MARVELL TECHNOLOGY GROUP LTD</nameOfIssuer><titleOfClass>ORD</titleOfClass><cusip>G5876H105</cusip><value>976</value><shrsOrPrnAmt><sshPrnamt>73525</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>73525</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MASCO CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>574599106</cusip><value>2075</value><shrsOrPrnAmt><sshPrnamt>60481</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>60481</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MASTERCARD INCORPORATED</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>57636Q104</cusip><value>17970</value><shrsOrPrnAmt><sshPrnamt>176580</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>176580</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MATTEL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>577081102</cusip><value>1885</value><shrsOrPrnAmt><sshPrnamt>62255</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>62255</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MAXIM INTEGRATED PRODS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>57772K101</cusip><value>2062</value><shrsOrPrnAmt><sshPrnamt>51657</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>51657</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MCCORMICK &amp; CO INC</nameOfIssuer><titleOfClass>COM NON VTG</titleOfClass><cusip>579780206</cusip><value>2105</value><shrsOrPrnAmt><sshPrnamt>21066</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21066</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MCDONALDS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>580135101</cusip><value>18584</value><shrsOrPrnAmt><sshPrnamt>161097</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>161097</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MCKESSON CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>58155Q103</cusip><value>6869</value><shrsOrPrnAmt><sshPrnamt>41191</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>41191</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MDU RES GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>552690109</cusip><value>899</value><shrsOrPrnAmt><sshPrnamt>35352</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>35352</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MEAD JOHNSON NUTRITION CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>582839106</cusip><value>2703</value><shrsOrPrnAmt><sshPrnamt>34200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>34200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MEDNAX INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>58502B106</cusip><value>1113</value><shrsOrPrnAmt><sshPrnamt>16800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MEDTRONIC PLC</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G5960L103</cusip><value>22210</value><shrsOrPrnAmt><sshPrnamt>257058</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>257058</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MERCK &amp; CO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>58933Y105</cusip><value>31686</value><shrsOrPrnAmt><sshPrnamt>507710</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>507710</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MERCURY GENL CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>589400100</cusip><value>269</value><shrsOrPrnAmt><sshPrnamt>4919</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>4919</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>METLIFE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>59156R108</cusip><value>7567</value><shrsOrPrnAmt><sshPrnamt>170327</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>170327</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>METTLER TOLEDO INTERNATIONAL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>592688105</cusip><value>2050</value><shrsOrPrnAmt><sshPrnamt>4882</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>4882</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MFA FINL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>55272X102</cusip><value>505</value><shrsOrPrnAmt><sshPrnamt>67500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>67500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MGM RESORTS INTERNATIONAL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>552953101</cusip><value>2254</value><shrsOrPrnAmt><sshPrnamt>86581</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>86581</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MICHAEL KORS HLDGS LTD</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G60754101</cusip><value>1385</value><shrsOrPrnAmt><sshPrnamt>29599</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29599</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MICHAELS COS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>59408Q106</cusip><value>408</value><shrsOrPrnAmt><sshPrnamt>16900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MICROCHIP TECHNOLOGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>595017104</cusip><value>2383</value><shrsOrPrnAmt><sshPrnamt>38344</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>38344</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MICRON TECHNOLOGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>595112103</cusip><value>3366</value><shrsOrPrnAmt><sshPrnamt>189295</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>189295</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MICROSOFT CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>594918104</cusip><value>79954</value><shrsOrPrnAmt><sshPrnamt>1388092</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1388092</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MID-AMER APT CMNTYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>59522J103</cusip><value>1529</value><shrsOrPrnAmt><sshPrnamt>16271</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16271</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MIDDLEBY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>596278101</cusip><value>1285</value><shrsOrPrnAmt><sshPrnamt>10400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MOHAWK INDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>608190104</cusip><value>2263</value><shrsOrPrnAmt><sshPrnamt>11297</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11297</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MOLSON COORS BREWING CO</nameOfIssuer><titleOfClass>CL B</titleOfClass><cusip>60871R209</cusip><value>3448</value><shrsOrPrnAmt><sshPrnamt>31403</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31403</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MONDELEZ INTL INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>609207105</cusip><value>12012</value><shrsOrPrnAmt><sshPrnamt>273623</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>273623</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MONSANTO CO NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>61166W101</cusip><value>8161</value><shrsOrPrnAmt><sshPrnamt>79863</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>79863</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MONSTER BEVERAGE CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>61174X109</cusip><value>3738</value><shrsOrPrnAmt><sshPrnamt>25465</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25465</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MOODYS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>615369105</cusip><value>3360</value><shrsOrPrnAmt><sshPrnamt>31035</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31035</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MORGAN STANLEY</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>617446448</cusip><value>8378</value><shrsOrPrnAmt><sshPrnamt>261320</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>261320</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MORNINGSTAR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>617700109</cusip><value>260</value><shrsOrPrnAmt><sshPrnamt>3290</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>3290</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MOSAIC CO NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>61945C103</cusip><value>1563</value><shrsOrPrnAmt><sshPrnamt>63905</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>63905</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MOTOROLA SOLUTIONS INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>620076307</cusip><value>2439</value><shrsOrPrnAmt><sshPrnamt>31969</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31969</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MSC INDL DIRECT INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>553530106</cusip><value>636</value><shrsOrPrnAmt><sshPrnamt>8666</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8666</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MSCI INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>55354G100</cusip><value>1392</value><shrsOrPrnAmt><sshPrnamt>16589</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16589</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MURPHY OIL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>626717102</cusip><value>905</value><shrsOrPrnAmt><sshPrnamt>29742</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29742</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MURPHY USA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>626755102</cusip><value>479</value><shrsOrPrnAmt><sshPrnamt>6710</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6710</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MYLAN N V</nameOfIssuer><titleOfClass>SHS EURO</titleOfClass><cusip>N59465109</cusip><value>3189</value><shrsOrPrnAmt><sshPrnamt>83637</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>83637</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NABORS INDUSTRIES LTD</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G6359F103</cusip><value>611</value><shrsOrPrnAmt><sshPrnamt>50240</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>50240</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NASDAQ INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>631103108</cusip><value>1386</value><shrsOrPrnAmt><sshPrnamt>20518</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>20518</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NATIONAL FUEL GAS CO N J</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>636180101</cusip><value>721</value><shrsOrPrnAmt><sshPrnamt>13330</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13330</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NATIONAL INSTRS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>636518102</cusip><value>532</value><shrsOrPrnAmt><sshPrnamt>18752</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18752</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NATIONAL OILWELL VARCO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>637071101</cusip><value>2534</value><shrsOrPrnAmt><sshPrnamt>68952</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>68952</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NATIONAL RETAIL PPTYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>637417106</cusip><value>1535</value><shrsOrPrnAmt><sshPrnamt>30181</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>30181</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NAVIENT CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>63938C108</cusip><value>868</value><shrsOrPrnAmt><sshPrnamt>59982</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>59982</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NCR CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>62886E108</cusip><value>725</value><shrsOrPrnAmt><sshPrnamt>22508</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22508</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NETAPP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>64110D104</cusip><value>1898</value><shrsOrPrnAmt><sshPrnamt>52975</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>52975</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NETFLIX INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>64110L106</cusip><value>7364</value><shrsOrPrnAmt><sshPrnamt>74724</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>74724</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NETSUITE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>64118Q107</cusip><value>808</value><shrsOrPrnAmt><sshPrnamt>7300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NEUROCRINE BIOSCIENCES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>64125C109</cusip><value>790</value><shrsOrPrnAmt><sshPrnamt>15600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NEW YORK CMNTY BANCORP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>649445103</cusip><value>1232</value><shrsOrPrnAmt><sshPrnamt>86559</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>86559</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NEWELL BRANDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>651229106</cusip><value>4527</value><shrsOrPrnAmt><sshPrnamt>85966</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>85966</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NEWFIELD EXPL CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>651290108</cusip><value>1574</value><shrsOrPrnAmt><sshPrnamt>36216</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36216</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NEWMARKET CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>651587107</cusip><value>601</value><shrsOrPrnAmt><sshPrnamt>1400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NEWMONT MINING CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>651639106</cusip><value>3819</value><shrsOrPrnAmt><sshPrnamt>97191</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>97191</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NEWS CORP NEW</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>65249B109</cusip><value>969</value><shrsOrPrnAmt><sshPrnamt>69345</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>69345</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NEWS CORP NEW</nameOfIssuer><titleOfClass>CL B</titleOfClass><cusip>65249B208</cusip><value>314</value><shrsOrPrnAmt><sshPrnamt>22100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NEXTERA ENERGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>65339F101</cusip><value>10327</value><shrsOrPrnAmt><sshPrnamt>84422</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>84422</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NIELSEN HLDGS PLC</nameOfIssuer><titleOfClass>SHS EUR</titleOfClass><cusip>G6518L108</cusip><value>3524</value><shrsOrPrnAmt><sshPrnamt>65790</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>65790</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NIKE INC</nameOfIssuer><titleOfClass>CL B</titleOfClass><cusip>654106103</cusip><value>12775</value><shrsOrPrnAmt><sshPrnamt>242636</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>242636</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NISOURCE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>65473P105</cusip><value>1415</value><shrsOrPrnAmt><sshPrnamt>58684</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>58684</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NOBLE CORP PLC</nameOfIssuer><titleOfClass>SHS USD</titleOfClass><cusip>G65431101</cusip><value>280</value><shrsOrPrnAmt><sshPrnamt>44102</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>44102</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NOBLE ENERGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>655044105</cusip><value>2776</value><shrsOrPrnAmt><sshPrnamt>77660</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>77660</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NORDSON CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>655663102</cusip><value>1037</value><shrsOrPrnAmt><sshPrnamt>10412</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10412</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NORDSTROM INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>655664100</cusip><value>1166</value><shrsOrPrnAmt><sshPrnamt>22479</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22479</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NORFOLK SOUTHERN CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>655844108</cusip><value>5241</value><shrsOrPrnAmt><sshPrnamt>54005</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>54005</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NORTHERN TR CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>665859104</cusip><value>2576</value><shrsOrPrnAmt><sshPrnamt>37898</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>37898</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NORTHROP GRUMMAN CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>666807102</cusip><value>6528</value><shrsOrPrnAmt><sshPrnamt>30515</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>30515</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NORTHSTAR ASSET MGMT GROUP I</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>66705Y104</cusip><value>434</value><shrsOrPrnAmt><sshPrnamt>33600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NORTHSTAR RLTY FIN CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>66704R803</cusip><value>584</value><shrsOrPrnAmt><sshPrnamt>44400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>44400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NORWEGIAN CRUISE LINE HLDGS</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G66721104</cusip><value>1090</value><shrsOrPrnAmt><sshPrnamt>28900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NRG ENERGY INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>629377508</cusip><value>644</value><shrsOrPrnAmt><sshPrnamt>57503</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>57503</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NU SKIN ENTERPRISES INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>67018T105</cusip><value>648</value><shrsOrPrnAmt><sshPrnamt>10000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NUANCE COMMUNICATIONS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>67020Y100</cusip><value>590</value><shrsOrPrnAmt><sshPrnamt>40681</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>40681</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NUCOR CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>670346105</cusip><value>2874</value><shrsOrPrnAmt><sshPrnamt>58117</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>58117</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NVIDIA CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>67066G104</cusip><value>6380</value><shrsOrPrnAmt><sshPrnamt>93105</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>93105</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NVR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>62944T105</cusip><value>904</value><shrsOrPrnAmt><sshPrnamt>551</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>551</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>O REILLY AUTOMOTIVE INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>67103H107</cusip><value>4844</value><shrsOrPrnAmt><sshPrnamt>17295</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17295</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>OCCIDENTAL PETE CORP DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>674599105</cusip><value>10184</value><shrsOrPrnAmt><sshPrnamt>139665</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>139665</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>OCEANEERING INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>675232102</cusip><value>489</value><shrsOrPrnAmt><sshPrnamt>17782</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17782</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>OGE ENERGY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>670837103</cusip><value>1148</value><shrsOrPrnAmt><sshPrnamt>36290</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36290</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>OLD DOMINION FGHT LINES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>679580100</cusip><value>844</value><shrsOrPrnAmt><sshPrnamt>12300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>OLD REP INTL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>680223104</cusip><value>775</value><shrsOrPrnAmt><sshPrnamt>43988</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>43988</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>OMEGA HEALTHCARE INVS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>681936100</cusip><value>1376</value><shrsOrPrnAmt><sshPrnamt>38796</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>38796</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>OMNICOM GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>681919106</cusip><value>3673</value><shrsOrPrnAmt><sshPrnamt>43201</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>43201</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ON SEMICONDUCTOR CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>682189105</cusip><value>926</value><shrsOrPrnAmt><sshPrnamt>75141</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>75141</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ONEMAIN HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>68268W103</cusip><value>297</value><shrsOrPrnAmt><sshPrnamt>9600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ONEOK INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>682680103</cusip><value>1958</value><shrsOrPrnAmt><sshPrnamt>38094</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>38094</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>OPKO HEALTH INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>68375N103</cusip><value>621</value><shrsOrPrnAmt><sshPrnamt>58600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>58600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ORACLE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>68389X105</cusip><value>21286</value><shrsOrPrnAmt><sshPrnamt>541896</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>541896</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ORBITAL ATK INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>68557N103</cusip><value>812</value><shrsOrPrnAmt><sshPrnamt>10660</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10660</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>OSHKOSH CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>688239201</cusip><value>742</value><shrsOrPrnAmt><sshPrnamt>13250</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13250</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>OUTFRONT MEDIA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>69007J106</cusip><value>595</value><shrsOrPrnAmt><sshPrnamt>25164</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25164</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>OWENS CORNING NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>690742101</cusip><value>1117</value><shrsOrPrnAmt><sshPrnamt>20912</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>20912</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>OWENS ILL INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>690768403</cusip><value>540</value><shrsOrPrnAmt><sshPrnamt>29341</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29341</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PACCAR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>693718108</cusip><value>3676</value><shrsOrPrnAmt><sshPrnamt>62546</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>62546</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PACKAGING CORP AMER</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>695156109</cusip><value>1385</value><shrsOrPrnAmt><sshPrnamt>17043</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17043</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PACWEST BANCORP DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>695263103</cusip><value>927</value><shrsOrPrnAmt><sshPrnamt>21600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PALO ALTO NETWORKS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>697435105</cusip><value>2534</value><shrsOrPrnAmt><sshPrnamt>15900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PANDORA MEDIA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>698354107</cusip><value>576</value><shrsOrPrnAmt><sshPrnamt>40186</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>40186</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PANERA BREAD CO</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>69840W108</cusip><value>805</value><shrsOrPrnAmt><sshPrnamt>4135</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>4135</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PARAMOUNT GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>69924R108</cusip><value>600</value><shrsOrPrnAmt><sshPrnamt>36600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PARKER HANNIFIN CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>701094104</cusip><value>3075</value><shrsOrPrnAmt><sshPrnamt>24494</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24494</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PARSLEY ENERGY INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>701877102</cusip><value>995</value><shrsOrPrnAmt><sshPrnamt>29700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PATTERSON COMPANIES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>703395103</cusip><value>697</value><shrsOrPrnAmt><sshPrnamt>15168</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15168</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PATTERSON UTI ENERGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>703481101</cusip><value>588</value><shrsOrPrnAmt><sshPrnamt>26273</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26273</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PAYCHEX INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>704326107</cusip><value>3410</value><shrsOrPrnAmt><sshPrnamt>58921</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>58921</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PAYPAL HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>70450Y103</cusip><value>8487</value><shrsOrPrnAmt><sshPrnamt>207143</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>207143</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PBF ENERGY INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>69318G106</cusip><value>403</value><shrsOrPrnAmt><sshPrnamt>17800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PENNEY J C INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>708160106</cusip><value>517</value><shrsOrPrnAmt><sshPrnamt>56105</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>56105</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PENSKE AUTOMOTIVE GRP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>70959W103</cusip><value>332</value><shrsOrPrnAmt><sshPrnamt>6900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PENTAIR PLC</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G7S00T104</cusip><value>1945</value><shrsOrPrnAmt><sshPrnamt>30284</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>30284</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PEOPLES UNITED FINANCIAL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>712704105</cusip><value>892</value><shrsOrPrnAmt><sshPrnamt>56380</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>56380</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PEPSICO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>713448108</cusip><value>28795</value><shrsOrPrnAmt><sshPrnamt>264726</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>264726</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PERKINELMER INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>714046109</cusip><value>1109</value><shrsOrPrnAmt><sshPrnamt>19776</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19776</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PERRIGO CO PLC</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G97822103</cusip><value>2320</value><shrsOrPrnAmt><sshPrnamt>25123</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25123</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PFIZER INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>717081103</cusip><value>37297</value><shrsOrPrnAmt><sshPrnamt>1101193</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1101193</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PG&amp;E CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>69331C108</cusip><value>5557</value><shrsOrPrnAmt><sshPrnamt>90843</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>90843</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PHILIP MORRIS INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>718172109</cusip><value>27607</value><shrsOrPrnAmt><sshPrnamt>283962</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>283962</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PHILLIPS 66</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>718546104</cusip><value>6653</value><shrsOrPrnAmt><sshPrnamt>82598</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>82598</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PIEDMONT NAT GAS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>720186105</cusip><value>876</value><shrsOrPrnAmt><sshPrnamt>14600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PIEDMONT OFFICE REALTY TR IN</nameOfIssuer><titleOfClass>COM CL A</titleOfClass><cusip>720190206</cusip><value>902</value><shrsOrPrnAmt><sshPrnamt>41460</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>41460</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PILGRIMS PRIDE CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>72147K108</cusip><value>226</value><shrsOrPrnAmt><sshPrnamt>10700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PINNACLE FOODS INC DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>72348P104</cusip><value>1054</value><shrsOrPrnAmt><sshPrnamt>21000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PINNACLE WEST CAP CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>723484101</cusip><value>1538</value><shrsOrPrnAmt><sshPrnamt>20250</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>20250</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PIONEER NAT RES CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>723787107</cusip><value>5528</value><shrsOrPrnAmt><sshPrnamt>29775</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29775</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PITNEY BOWES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>724479100</cusip><value>623</value><shrsOrPrnAmt><sshPrnamt>34333</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>34333</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PLATFORM SPECIALTY PRODS COR</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>72766Q105</cusip><value>278</value><shrsOrPrnAmt><sshPrnamt>34300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>34300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PNC FINL SVCS GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>693475105</cusip><value>8223</value><shrsOrPrnAmt><sshPrnamt>91276</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>91276</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>POLARIS INDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>731068102</cusip><value>850</value><shrsOrPrnAmt><sshPrnamt>10978</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10978</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>POOL CORPORATION</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>73278L105</cusip><value>699</value><shrsOrPrnAmt><sshPrnamt>7400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>POPULAR INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>733174700</cusip><value>711</value><shrsOrPrnAmt><sshPrnamt>18609</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18609</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>POST HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>737446104</cusip><value>903</value><shrsOrPrnAmt><sshPrnamt>11700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>POST PPTYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>737464107</cusip><value>767</value><shrsOrPrnAmt><sshPrnamt>11592</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11592</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PPG INDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>693506107</cusip><value>5016</value><shrsOrPrnAmt><sshPrnamt>48524</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>48524</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PPL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>69351T106</cusip><value>4286</value><shrsOrPrnAmt><sshPrnamt>123983</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>123983</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PRAXAIR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>74005P104</cusip><value>6321</value><shrsOrPrnAmt><sshPrnamt>52310</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>52310</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PREMIER INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>74051N102</cusip><value>268</value><shrsOrPrnAmt><sshPrnamt>8300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PRICE T ROWE GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>74144T108</cusip><value>2947</value><shrsOrPrnAmt><sshPrnamt>44322</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>44322</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PRICELINE GRP INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>741503403</cusip><value>13310</value><shrsOrPrnAmt><sshPrnamt>9045</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9045</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PRINCIPAL FINL GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>74251V102</cusip><value>2518</value><shrsOrPrnAmt><sshPrnamt>48878</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>48878</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PROASSURANCE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>74267C106</cusip><value>504</value><shrsOrPrnAmt><sshPrnamt>9600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PROCTER AND GAMBLE CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>742718109</cusip><value>43825</value><shrsOrPrnAmt><sshPrnamt>488306</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>488306</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PROGRESSIVE CORP OHIO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>743315103</cusip><value>3350</value><shrsOrPrnAmt><sshPrnamt>106349</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>106349</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PROLOGIS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>74340W103</cusip><value>5957</value><shrsOrPrnAmt><sshPrnamt>111258</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>111258</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PRUDENTIAL FINL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>744320102</cusip><value>6603</value><shrsOrPrnAmt><sshPrnamt>80869</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>80869</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PTC INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>69370C100</cusip><value>917</value><shrsOrPrnAmt><sshPrnamt>20700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>20700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PUBLIC STORAGE</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>74460D109</cusip><value>6847</value><shrsOrPrnAmt><sshPrnamt>30683</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>30683</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PUBLIC SVC ENTERPRISE GROUP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>744573106</cusip><value>3869</value><shrsOrPrnAmt><sshPrnamt>92396</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>92396</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PULTE GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>745867101</cusip><value>1259</value><shrsOrPrnAmt><sshPrnamt>62782</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>62782</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PVH CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>693656100</cusip><value>1623</value><shrsOrPrnAmt><sshPrnamt>14681</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14681</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>QEP RES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>74733V100</cusip><value>852</value><shrsOrPrnAmt><sshPrnamt>43594</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>43594</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>QIAGEN NV</nameOfIssuer><titleOfClass>REG SHS</titleOfClass><cusip>N72482107</cusip><value>1141</value><shrsOrPrnAmt><sshPrnamt>41556</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>41556</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>QORVO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>74736K101</cusip><value>1298</value><shrsOrPrnAmt><sshPrnamt>23300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>QUALCOMM INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>747525103</cusip><value>18431</value><shrsOrPrnAmt><sshPrnamt>269058</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>269058</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>QUANTA SVCS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>74762E102</cusip><value>735</value><shrsOrPrnAmt><sshPrnamt>26253</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26253</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>QUEST DIAGNOSTICS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>74834L100</cusip><value>2194</value><shrsOrPrnAmt><sshPrnamt>25934</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25934</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>QUINTILES TRANSNATIO HLDGS I</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>74876Y101</cusip><value>1224</value><shrsOrPrnAmt><sshPrnamt>15100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RACKSPACE HOSTING INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>750086100</cusip><value>615</value><shrsOrPrnAmt><sshPrnamt>19412</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19412</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RALPH LAUREN CORP</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>751212101</cusip><value>1061</value><shrsOrPrnAmt><sshPrnamt>10489</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10489</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RANGE RES CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>75281A109</cusip><value>1441</value><shrsOrPrnAmt><sshPrnamt>37183</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>37183</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RAYMOND JAMES FINANCIAL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>754730109</cusip><value>1342</value><shrsOrPrnAmt><sshPrnamt>23047</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23047</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RAYONIER INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>754907103</cusip><value>593</value><shrsOrPrnAmt><sshPrnamt>22327</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22327</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RAYTHEON CO</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>755111507</cusip><value>7398</value><shrsOrPrnAmt><sshPrnamt>54343</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>54343</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>REALOGY HLDGS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>75605Y106</cusip><value>972</value><shrsOrPrnAmt><sshPrnamt>37600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>37600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>REALTY INCOME CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>756109104</cusip><value>3488</value><shrsOrPrnAmt><sshPrnamt>52118</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>52118</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RED HAT INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>756577102</cusip><value>2674</value><shrsOrPrnAmt><sshPrnamt>33076</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33076</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>REGAL BELOIT CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>758750103</cusip><value>481</value><shrsOrPrnAmt><sshPrnamt>8095</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8095</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>REGAL ENTMT GROUP</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>758766109</cusip><value>319</value><shrsOrPrnAmt><sshPrnamt>14637</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14637</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>REGENCY CTRS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>758849103</cusip><value>1729</value><shrsOrPrnAmt><sshPrnamt>22310</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22310</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>REGENERON PHARMACEUTICALS</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>75886F107</cusip><value>5729</value><shrsOrPrnAmt><sshPrnamt>14252</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14252</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>REGIONS FINL CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>7591EP100</cusip><value>2289</value><shrsOrPrnAmt><sshPrnamt>231917</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>231917</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>REINSURANCE GROUP AMER INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>759351604</cusip><value>1267</value><shrsOrPrnAmt><sshPrnamt>11732</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11732</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RELIANCE STEEL &amp; ALUMINUM CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>759509102</cusip><value>913</value><shrsOrPrnAmt><sshPrnamt>12672</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12672</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RENAISSANCERE HOLDINGS LTD</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>G7496G103</cusip><value>931</value><shrsOrPrnAmt><sshPrnamt>7750</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7750</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>REPUBLIC SVCS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>760759100</cusip><value>2168</value><shrsOrPrnAmt><sshPrnamt>42979</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>42979</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RESMED INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>761152107</cusip><value>1651</value><shrsOrPrnAmt><sshPrnamt>25483</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25483</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RETAIL PPTYS AMER INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>76131V202</cusip><value>1003</value><shrsOrPrnAmt><sshPrnamt>59683</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>59683</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>REYNOLDS AMERICAN INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>761713106</cusip><value>7127</value><shrsOrPrnAmt><sshPrnamt>151150</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>151150</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RICE ENERGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>762760106</cusip><value>564</value><shrsOrPrnAmt><sshPrnamt>21600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RITE AID CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>767754104</cusip><value>1444</value><shrsOrPrnAmt><sshPrnamt>187800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>187800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ROBERT HALF INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>770323103</cusip><value>875</value><shrsOrPrnAmt><sshPrnamt>23120</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23120</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ROCKWELL AUTOMATION INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>773903109</cusip><value>2910</value><shrsOrPrnAmt><sshPrnamt>23786</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23786</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ROCKWELL COLLINS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>774341101</cusip><value>2008</value><shrsOrPrnAmt><sshPrnamt>23798</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23798</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ROLLINS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>775711104</cusip><value>509</value><shrsOrPrnAmt><sshPrnamt>17400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ROPER TECHNOLOGIES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>776696106</cusip><value>3344</value><shrsOrPrnAmt><sshPrnamt>18323</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18323</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ROSS STORES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>778296103</cusip><value>4631</value><shrsOrPrnAmt><sshPrnamt>72024</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>72024</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ROWAN COMPANIES PLC</nameOfIssuer><titleOfClass>SHS CL A</titleOfClass><cusip>G7665A101</cusip><value>346</value><shrsOrPrnAmt><sshPrnamt>22842</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22842</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ROYAL CARIBBEAN CRUISES LTD</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>V7780T103</cusip><value>2306</value><shrsOrPrnAmt><sshPrnamt>30765</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>30765</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ROYAL GOLD INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>780287108</cusip><value>917</value><shrsOrPrnAmt><sshPrnamt>11846</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11846</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RPC INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>749660106</cusip><value>178</value><shrsOrPrnAmt><sshPrnamt>10560</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10560</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RPM INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>749685103</cusip><value>1277</value><shrsOrPrnAmt><sshPrnamt>23778</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23778</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RYDER SYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>783549108</cusip><value>638</value><shrsOrPrnAmt><sshPrnamt>9689</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9689</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>S&amp;P GLOBAL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>78409V104</cusip><value>6118</value><shrsOrPrnAmt><sshPrnamt>48337</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>48337</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SABRE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>78573M104</cusip><value>1062</value><shrsOrPrnAmt><sshPrnamt>37700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>37700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SALESFORCE COM INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>79466L302</cusip><value>8359</value><shrsOrPrnAmt><sshPrnamt>117188</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>117188</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SALLY BEAUTY HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>79546E104</cusip><value>683</value><shrsOrPrnAmt><sshPrnamt>26602</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>26602</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SANTANDER CONSUMER USA HDG I</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>80283M101</cusip><value>233</value><shrsOrPrnAmt><sshPrnamt>19200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SBA COMMUNICATIONS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>78388J106</cusip><value>2559</value><shrsOrPrnAmt><sshPrnamt>22818</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22818</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SCANA CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>80589M102</cusip><value>1719</value><shrsOrPrnAmt><sshPrnamt>23751</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23751</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SCHEIN HENRY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>806407102</cusip><value>2449</value><shrsOrPrnAmt><sshPrnamt>15025</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15025</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SCHLUMBERGER LTD</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>806857108</cusip><value>20057</value><shrsOrPrnAmt><sshPrnamt>255048</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>255048</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SCHWAB CHARLES CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>808513105</cusip><value>6731</value><shrsOrPrnAmt><sshPrnamt>213232</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>213232</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SCOTTS MIRACLE GRO CO</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>810186106</cusip><value>688</value><shrsOrPrnAmt><sshPrnamt>8260</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8260</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SCRIPPS NETWORKS INTERACT IN</nameOfIssuer><titleOfClass>CL A COM</titleOfClass><cusip>811065101</cusip><value>955</value><shrsOrPrnAmt><sshPrnamt>15042</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15042</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SEALED AIR CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>81211K100</cusip><value>1639</value><shrsOrPrnAmt><sshPrnamt>35784</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>35784</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SEATTLE GENETICS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>812578102</cusip><value>945</value><shrsOrPrnAmt><sshPrnamt>17500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SEI INVESTMENTS CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>784117103</cusip><value>1063</value><shrsOrPrnAmt><sshPrnamt>23288</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23288</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SEMPRA ENERGY</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>816851109</cusip><value>4898</value><shrsOrPrnAmt><sshPrnamt>45689</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>45689</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SENIOR HSG PPTYS TR</nameOfIssuer><titleOfClass>SH BEN INT</titleOfClass><cusip>81721M109</cusip><value>1372</value><shrsOrPrnAmt><sshPrnamt>60408</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>60408</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SERVICE CORP INTL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>817565104</cusip><value>908</value><shrsOrPrnAmt><sshPrnamt>34208</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>34208</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SERVICEMASTER GLOBAL HLDGS I</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>81761R109</cusip><value>832</value><shrsOrPrnAmt><sshPrnamt>24700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SERVICENOW INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>81762P102</cusip><value>2280</value><shrsOrPrnAmt><sshPrnamt>28800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SHERWIN WILLIAMS CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>824348106</cusip><value>4103</value><shrsOrPrnAmt><sshPrnamt>14830</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14830</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SIGNATURE BK NEW YORK N Y</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>82669G104</cusip><value>1137</value><shrsOrPrnAmt><sshPrnamt>9600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SIGNET JEWELERS LIMITED</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G81276100</cusip><value>1065</value><shrsOrPrnAmt><sshPrnamt>14296</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14296</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SILGAN HOLDINGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>827048109</cusip><value>372</value><shrsOrPrnAmt><sshPrnamt>7352</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7352</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SIMON PPTY GROUP INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>828806109</cusip><value>13739</value><shrsOrPrnAmt><sshPrnamt>66368</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>66368</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SIRIUS XM HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>82968B103</cusip><value>1357</value><shrsOrPrnAmt><sshPrnamt>325283</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>325283</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SIX FLAGS ENTMT CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>83001A102</cusip><value>697</value><shrsOrPrnAmt><sshPrnamt>13000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SKECHERS U S A INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>830566105</cusip><value>543</value><shrsOrPrnAmt><sshPrnamt>23700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SKYWORKS SOLUTIONS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>83088M102</cusip><value>2641</value><shrsOrPrnAmt><sshPrnamt>34681</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>34681</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SL GREEN RLTY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>78440X101</cusip><value>2286</value><shrsOrPrnAmt><sshPrnamt>21140</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21140</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SLM CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>78442P106</cusip><value>580</value><shrsOrPrnAmt><sshPrnamt>77682</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>77682</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SM ENERGY CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>78454L100</cusip><value>602</value><shrsOrPrnAmt><sshPrnamt>15620</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15620</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SMITH A O</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>831865209</cusip><value>1313</value><shrsOrPrnAmt><sshPrnamt>13300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SMUCKER J M CO</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>832696405</cusip><value>2889</value><shrsOrPrnAmt><sshPrnamt>21315</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21315</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SNAP ON INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>833034101</cusip><value>1606</value><shrsOrPrnAmt><sshPrnamt>10565</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10565</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SOLARCITY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>83416T100</cusip><value>233</value><shrsOrPrnAmt><sshPrnamt>11900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SONOCO PRODS CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>835495102</cusip><value>950</value><shrsOrPrnAmt><sshPrnamt>17983</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17983</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SOUTHERN CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>842587107</cusip><value>8829</value><shrsOrPrnAmt><sshPrnamt>172101</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>172101</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SOUTHERN COPPER CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>84265V105</cusip><value>400</value><shrsOrPrnAmt><sshPrnamt>15185</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15185</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SOUTHWEST AIRLS CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>844741108</cusip><value>4546</value><shrsOrPrnAmt><sshPrnamt>116874</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>116874</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SOUTHWESTERN ENERGY CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>845467109</cusip><value>1239</value><shrsOrPrnAmt><sshPrnamt>89556</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>89556</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPECTRA ENERGY CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>847560109</cusip><value>5469</value><shrsOrPrnAmt><sshPrnamt>127931</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>127931</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPECTRUM BRANDS HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>84763R101</cusip><value>620</value><shrsOrPrnAmt><sshPrnamt>4500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>4500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPIRIT AEROSYSTEMS HLDGS INC</nameOfIssuer><titleOfClass>COM CL A</titleOfClass><cusip>848574109</cusip><value>1069</value><shrsOrPrnAmt><sshPrnamt>24000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPIRIT AIRLS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>848577102</cusip><value>549</value><shrsOrPrnAmt><sshPrnamt>12900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPIRIT RLTY CAP INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>84860W102</cusip><value>1319</value><shrsOrPrnAmt><sshPrnamt>98900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>98900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPLUNK INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>848637104</cusip><value>1402</value><shrsOrPrnAmt><sshPrnamt>23900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPRINT CORP</nameOfIssuer><titleOfClass>COM SER 1</titleOfClass><cusip>85207U105</cusip><value>917</value><shrsOrPrnAmt><sshPrnamt>138281</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>138281</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPROUTS FMRS MKT INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>85208M102</cusip><value>525</value><shrsOrPrnAmt><sshPrnamt>25400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SS&amp;C TECHNOLOGIES HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>78467J100</cusip><value>987</value><shrsOrPrnAmt><sshPrnamt>30700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>30700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ST JUDE MED INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>790849103</cusip><value>4053</value><shrsOrPrnAmt><sshPrnamt>50823</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>50823</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>STANLEY BLACK &amp; DECKER INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>854502101</cusip><value>3370</value><shrsOrPrnAmt><sshPrnamt>27402</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27402</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>STAPLES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>855030102</cusip><value>1007</value><shrsOrPrnAmt><sshPrnamt>117699</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>117699</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>STARBUCKS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>855244109</cusip><value>14145</value><shrsOrPrnAmt><sshPrnamt>261268</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>261268</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>STARWOOD PPTY TR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>85571B105</cusip><value>950</value><shrsOrPrnAmt><sshPrnamt>42200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>42200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>STARZ</nameOfIssuer><titleOfClass>COM SER A</titleOfClass><cusip>85571Q102</cusip><value>477</value><shrsOrPrnAmt><sshPrnamt>15295</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15295</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>STATE STR CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>857477103</cusip><value>5021</value><shrsOrPrnAmt><sshPrnamt>72114</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>72114</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>STEEL DYNAMICS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>858119100</cusip><value>1068</value><shrsOrPrnAmt><sshPrnamt>42741</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>42741</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>STERICYCLE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>858912108</cusip><value>1206</value><shrsOrPrnAmt><sshPrnamt>15049</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15049</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>STORE CAP CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>862121100</cusip><value>811</value><shrsOrPrnAmt><sshPrnamt>27500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>STRYKER CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>863667101</cusip><value>7169</value><shrsOrPrnAmt><sshPrnamt>61578</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>61578</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SUN CMNTYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>866674104</cusip><value>1026</value><shrsOrPrnAmt><sshPrnamt>13087</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13087</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SUNPOWER CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>867652406</cusip><value>94</value><shrsOrPrnAmt><sshPrnamt>10500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SUNTRUST BKS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>867914103</cusip><value>4018</value><shrsOrPrnAmt><sshPrnamt>91751</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>91751</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SUPERIOR ENERGY SVCS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>868157108</cusip><value>490</value><shrsOrPrnAmt><sshPrnamt>27379</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27379</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SVB FINL GROUP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>78486Q101</cusip><value>1050</value><shrsOrPrnAmt><sshPrnamt>9500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SYMANTEC CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>871503108</cusip><value>2812</value><shrsOrPrnAmt><sshPrnamt>112010</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>112010</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SYNCHRONY FINL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>87165B103</cusip><value>4281</value><shrsOrPrnAmt><sshPrnamt>152900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>152900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SYNOPSYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>871607107</cusip><value>1636</value><shrsOrPrnAmt><sshPrnamt>27562</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27562</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SYNOVUS FINL CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>87161C501</cusip><value>735</value><shrsOrPrnAmt><sshPrnamt>22621</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22621</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SYSCO CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>871829107</cusip><value>4703</value><shrsOrPrnAmt><sshPrnamt>95974</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>95974</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>T MOBILE US INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>872590104</cusip><value>2435</value><shrsOrPrnAmt><sshPrnamt>52104</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>52104</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TABLEAU SOFTWARE INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>87336U105</cusip><value>553</value><shrsOrPrnAmt><sshPrnamt>10000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TAHOE RES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>873868103</cusip><value>703</value><shrsOrPrnAmt><sshPrnamt>54800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>54800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TANGER FACTORY OUTLET CTRS I</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>875465106</cusip><value>821</value><shrsOrPrnAmt><sshPrnamt>21085</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21085</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TARGA RES CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>87612G101</cusip><value>1394</value><shrsOrPrnAmt><sshPrnamt>28400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TARGET CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>87612E106</cusip><value>7427</value><shrsOrPrnAmt><sshPrnamt>108133</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>108133</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TAUBMAN CTRS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>876664103</cusip><value>1027</value><shrsOrPrnAmt><sshPrnamt>13803</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13803</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TCF FINL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>872275102</cusip><value>414</value><shrsOrPrnAmt><sshPrnamt>28554</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28554</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TD AMERITRADE HLDG CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>87236Y108</cusip><value>1597</value><shrsOrPrnAmt><sshPrnamt>45301</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>45301</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TEGNA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>87901J105</cusip><value>869</value><shrsOrPrnAmt><sshPrnamt>39757</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>39757</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TELEFLEX INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>879369106</cusip><value>1359</value><shrsOrPrnAmt><sshPrnamt>8090</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8090</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TELEPHONE &amp; DATA SYS INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>879433829</cusip><value>470</value><shrsOrPrnAmt><sshPrnamt>17276</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17276</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TEMPUR SEALY INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>88023U101</cusip><value>549</value><shrsOrPrnAmt><sshPrnamt>9670</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9670</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TENET HEALTHCARE CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>88033G407</cusip><value>329</value><shrsOrPrnAmt><sshPrnamt>14547</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14547</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TERADATA CORP DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>88076W103</cusip><value>728</value><shrsOrPrnAmt><sshPrnamt>23488</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>23488</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TERADYNE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>880770102</cusip><value>798</value><shrsOrPrnAmt><sshPrnamt>36957</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36957</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TEREX CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>880779103</cusip><value>488</value><shrsOrPrnAmt><sshPrnamt>19211</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19211</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TESLA MTRS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>88160R101</cusip><value>4388</value><shrsOrPrnAmt><sshPrnamt>21507</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21507</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TESORO CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>881609101</cusip><value>1733</value><shrsOrPrnAmt><sshPrnamt>21785</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21785</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TEXAS INSTRS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>882508104</cusip><value>12913</value><shrsOrPrnAmt><sshPrnamt>183999</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>183999</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TEXTRON INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>883203101</cusip><value>1954</value><shrsOrPrnAmt><sshPrnamt>49159</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>49159</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TFS FINL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>87240R107</cusip><value>183</value><shrsOrPrnAmt><sshPrnamt>10262</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10262</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>THERMO FISHER SCIENTIFIC INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>883556102</cusip><value>11442</value><shrsOrPrnAmt><sshPrnamt>71934</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>71934</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>THOMSON REUTERS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>884903105</cusip><value>2269</value><shrsOrPrnAmt><sshPrnamt>54816</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>54816</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>THOR INDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>885160101</cusip><value>737</value><shrsOrPrnAmt><sshPrnamt>8705</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8705</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TIFFANY &amp; CO NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>886547108</cusip><value>1450</value><shrsOrPrnAmt><sshPrnamt>19954</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19954</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TIME WARNER INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>887317303</cusip><value>11473</value><shrsOrPrnAmt><sshPrnamt>144112</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>144112</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TIMKEN CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>887389104</cusip><value>450</value><shrsOrPrnAmt><sshPrnamt>12824</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12824</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TJX COS INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>872540109</cusip><value>9050</value><shrsOrPrnAmt><sshPrnamt>121021</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>121021</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TOLL BROTHERS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>889478103</cusip><value>839</value><shrsOrPrnAmt><sshPrnamt>28105</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28105</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TORCHMARK CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>891027104</cusip><value>1381</value><shrsOrPrnAmt><sshPrnamt>21620</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21620</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TORO CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>891092108</cusip><value>913</value><shrsOrPrnAmt><sshPrnamt>19492</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19492</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TOTAL SYS SVCS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>891906109</cusip><value>1425</value><shrsOrPrnAmt><sshPrnamt>30227</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>30227</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TRACTOR SUPPLY CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>892356106</cusip><value>1641</value><shrsOrPrnAmt><sshPrnamt>24364</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24364</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TRANSDIGM GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>893641100</cusip><value>2646</value><shrsOrPrnAmt><sshPrnamt>9154</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9154</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TRANSOCEAN LTD</nameOfIssuer><titleOfClass>REG SHS</titleOfClass><cusip>H8817H100</cusip><value>671</value><shrsOrPrnAmt><sshPrnamt>63000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>63000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TRANSUNION</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>89400J107</cusip><value>331</value><shrsOrPrnAmt><sshPrnamt>9600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TRAVELERS COMPANIES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>89417E109</cusip><value>6122</value><shrsOrPrnAmt><sshPrnamt>53444</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>53444</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TREEHOUSE FOODS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>89469A104</cusip><value>872</value><shrsOrPrnAmt><sshPrnamt>10000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TRIBUNE MEDIA CO</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>896047503</cusip><value>515</value><shrsOrPrnAmt><sshPrnamt>14100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TRIMBLE NAVIGATION LTD</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>896239100</cusip><value>1309</value><shrsOrPrnAmt><sshPrnamt>45822</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>45822</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TRINITY INDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>896522109</cusip><value>656</value><shrsOrPrnAmt><sshPrnamt>27128</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27128</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TRIPADVISOR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>896945201</cusip><value>1311</value><shrsOrPrnAmt><sshPrnamt>20761</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>20761</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TUPPERWARE BRANDS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>899896104</cusip><value>596</value><shrsOrPrnAmt><sshPrnamt>9111</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9111</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TWENTY FIRST CENTY FOX INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>90130A101</cusip><value>4817</value><shrsOrPrnAmt><sshPrnamt>198881</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>198881</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TWENTY FIRST CENTY FOX INC</nameOfIssuer><titleOfClass>CL B</titleOfClass><cusip>90130A200</cusip><value>2212</value><shrsOrPrnAmt><sshPrnamt>89400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>89400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TWITTER INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>90184L102</cusip><value>2667</value><shrsOrPrnAmt><sshPrnamt>115700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>115700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TWO HBRS INVT CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>90187B101</cusip><value>539</value><shrsOrPrnAmt><sshPrnamt>63100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>63100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TYLER TECHNOLOGIES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>902252105</cusip><value>1028</value><shrsOrPrnAmt><sshPrnamt>6000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TYSON FOODS INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>902494103</cusip><value>3978</value><shrsOrPrnAmt><sshPrnamt>53273</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>53273</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>U S G CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>903293405</cusip><value>409</value><shrsOrPrnAmt><sshPrnamt>15800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UDR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>902653104</cusip><value>2081</value><shrsOrPrnAmt><sshPrnamt>57843</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>57843</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UGI CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>902681105</cusip><value>1415</value><shrsOrPrnAmt><sshPrnamt>31266</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31266</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ULTA SALON COSMETCS &amp; FRAG I</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>90384S303</cusip><value>2568</value><shrsOrPrnAmt><sshPrnamt>10792</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>10792</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ULTIMATE SOFTWARE GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>90385D107</cusip><value>1022</value><shrsOrPrnAmt><sshPrnamt>5000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>5000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UNDER ARMOUR INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>904311107</cusip><value>1291</value><shrsOrPrnAmt><sshPrnamt>33376</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33376</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UNDER ARMOUR INC</nameOfIssuer><titleOfClass>CL C</titleOfClass><cusip>904311206</cusip><value>1141</value><shrsOrPrnAmt><sshPrnamt>33702</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33702</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UNION PAC CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>907818108</cusip><value>15080</value><shrsOrPrnAmt><sshPrnamt>154622</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>154622</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UNITED CONTL HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>910047109</cusip><value>3215</value><shrsOrPrnAmt><sshPrnamt>61266</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>61266</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UNITED PARCEL SERVICE INC</nameOfIssuer><titleOfClass>CL B</titleOfClass><cusip>911312106</cusip><value>13860</value><shrsOrPrnAmt><sshPrnamt>126739</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>126739</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UNITED RENTALS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>911363109</cusip><value>1264</value><shrsOrPrnAmt><sshPrnamt>16100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UNITED STATES STL CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>912909108</cusip><value>531</value><shrsOrPrnAmt><sshPrnamt>28147</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28147</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UNITED TECHNOLOGIES CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>913017109</cusip><value>14453</value><shrsOrPrnAmt><sshPrnamt>142255</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>142255</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UNITED THERAPEUTICS CORP DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>91307C102</cusip><value>953</value><shrsOrPrnAmt><sshPrnamt>8065</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8065</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UNITEDHEALTH GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>91324P102</cusip><value>24046</value><shrsOrPrnAmt><sshPrnamt>171758</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>171758</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UNIVERSAL HLTH SVCS INC</nameOfIssuer><titleOfClass>CL B</titleOfClass><cusip>913903100</cusip><value>1925</value><shrsOrPrnAmt><sshPrnamt>15621</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15621</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>UNUM GROUP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>91529Y106</cusip><value>1531</value><shrsOrPrnAmt><sshPrnamt>43375</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>43375</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>URBAN OUTFITTERS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>917047102</cusip><value>560</value><shrsOrPrnAmt><sshPrnamt>16215</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16215</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>US BANCORP DEL</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>902973304</cusip><value>12755</value><shrsOrPrnAmt><sshPrnamt>297388</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>297388</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>V F CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>918204108</cusip><value>3484</value><shrsOrPrnAmt><sshPrnamt>62160</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>62160</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VAIL RESORTS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>91879Q109</cusip><value>1051</value><shrsOrPrnAmt><sshPrnamt>6700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VALERO ENERGY CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>91913Y100</cusip><value>4554</value><shrsOrPrnAmt><sshPrnamt>85938</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>85938</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VALIDUS HOLDINGS LTD</nameOfIssuer><titleOfClass>COM SHS</titleOfClass><cusip>G9319H102</cusip><value>681</value><shrsOrPrnAmt><sshPrnamt>13681</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13681</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VALMONT INDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>920253101</cusip><value>554</value><shrsOrPrnAmt><sshPrnamt>4119</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>4119</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VALSPAR CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>920355104</cusip><value>1522</value><shrsOrPrnAmt><sshPrnamt>14348</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14348</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VANTIV INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>92210H105</cusip><value>1593</value><shrsOrPrnAmt><sshPrnamt>28300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VARIAN MED SYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>92220P105</cusip><value>1729</value><shrsOrPrnAmt><sshPrnamt>17378</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17378</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VCA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>918194101</cusip><value>989</value><shrsOrPrnAmt><sshPrnamt>14136</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14136</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VECTREN CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>92240G101</cusip><value>758</value><shrsOrPrnAmt><sshPrnamt>15098</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15098</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VEEVA SYS INC</nameOfIssuer><titleOfClass>CL A COM</titleOfClass><cusip>922475108</cusip><value>718</value><shrsOrPrnAmt><sshPrnamt>17400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VENTAS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>92276F100</cusip><value>5538</value><shrsOrPrnAmt><sshPrnamt>78409</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>78409</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VEREIT INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>92339V100</cusip><value>1926</value><shrsOrPrnAmt><sshPrnamt>185800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>185800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VERIFONE SYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>92342Y109</cusip><value>312</value><shrsOrPrnAmt><sshPrnamt>19824</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>19824</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VERISIGN INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>92343E102</cusip><value>1356</value><shrsOrPrnAmt><sshPrnamt>17340</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17340</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VERISK ANALYTICS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>92345Y106</cusip><value>2278</value><shrsOrPrnAmt><sshPrnamt>28020</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>28020</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VERIZON COMMUNICATIONS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>92343V104</cusip><value>38873</value><shrsOrPrnAmt><sshPrnamt>747859</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>747859</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VERTEX PHARMACEUTICALS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>92532F100</cusip><value>3935</value><shrsOrPrnAmt><sshPrnamt>45127</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>45127</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VIACOM INC NEW</nameOfIssuer><titleOfClass>CL B</titleOfClass><cusip>92553P201</cusip><value>2399</value><shrsOrPrnAmt><sshPrnamt>62968</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>62968</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VISA INC</nameOfIssuer><titleOfClass>COM CL A</titleOfClass><cusip>92826C839</cusip><value>28881</value><shrsOrPrnAmt><sshPrnamt>349224</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>349224</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VISTA OUTDOOR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>928377100</cusip><value>440</value><shrsOrPrnAmt><sshPrnamt>11020</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11020</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VISTEON CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>92839U206</cusip><value>445</value><shrsOrPrnAmt><sshPrnamt>6206</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6206</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VMWARE INC</nameOfIssuer><titleOfClass>CL A COM</titleOfClass><cusip>928563402</cusip><value>1082</value><shrsOrPrnAmt><sshPrnamt>14748</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14748</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VORNADO RLTY TR</nameOfIssuer><titleOfClass>SH BEN INT</titleOfClass><cusip>929042109</cusip><value>4123</value><shrsOrPrnAmt><sshPrnamt>40744</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>40744</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VOYA FINL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>929089100</cusip><value>1072</value><shrsOrPrnAmt><sshPrnamt>37200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>37200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VULCAN MATLS CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>929160109</cusip><value>2759</value><shrsOrPrnAmt><sshPrnamt>24260</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24260</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VWR CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>91843L103</cusip><value>403</value><shrsOrPrnAmt><sshPrnamt>14200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>W P CAREY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>92936U109</cusip><value>1434</value><shrsOrPrnAmt><sshPrnamt>22220</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22220</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WABCO HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>92927K102</cusip><value>1097</value><shrsOrPrnAmt><sshPrnamt>9666</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9666</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WABTEC CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>929740108</cusip><value>1281</value><shrsOrPrnAmt><sshPrnamt>15690</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15690</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WALGREENS BOOTS ALLIANCE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>931427108</cusip><value>12697</value><shrsOrPrnAmt><sshPrnamt>157497</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>157497</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WAL-MART STORES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>931142103</cusip><value>19994</value><shrsOrPrnAmt><sshPrnamt>277230</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>277230</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WASTE MGMT INC DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>94106L109</cusip><value>5173</value><shrsOrPrnAmt><sshPrnamt>81131</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>81131</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WATERS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>941848103</cusip><value>2237</value><shrsOrPrnAmt><sshPrnamt>14118</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14118</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WATSCO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>942622200</cusip><value>676</value><shrsOrPrnAmt><sshPrnamt>4800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>4800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WEATHERFORD INTL PLC</nameOfIssuer><titleOfClass>ORD SHS</titleOfClass><cusip>G48833100</cusip><value>917</value><shrsOrPrnAmt><sshPrnamt>163049</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>163049</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WEC ENERGY GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>92939U106</cusip><value>3461</value><shrsOrPrnAmt><sshPrnamt>57788</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>57788</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WEINGARTEN RLTY INVS</nameOfIssuer><titleOfClass>SH BEN INT</titleOfClass><cusip>948741103</cusip><value>1074</value><shrsOrPrnAmt><sshPrnamt>27544</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>27544</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WELLCARE HEALTH PLANS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>94946T106</cusip><value>949</value><shrsOrPrnAmt><sshPrnamt>8100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WELLS FARGO &amp; CO NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>949746101</cusip><value>37078</value><shrsOrPrnAmt><sshPrnamt>837363</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>837363</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WELLTOWER INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>95040Q104</cusip><value>5893</value><shrsOrPrnAmt><sshPrnamt>78816</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>78816</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WENDYS CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>95058W100</cusip><value>413</value><shrsOrPrnAmt><sshPrnamt>38182</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>38182</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WESCO INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>95082P105</cusip><value>467</value><shrsOrPrnAmt><sshPrnamt>7593</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7593</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WEST PHARMACEUTICAL SVSC INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>955306105</cusip><value>976</value><shrsOrPrnAmt><sshPrnamt>13100</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13100</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WESTAR ENERGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>95709T100</cusip><value>1464</value><shrsOrPrnAmt><sshPrnamt>25791</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>25791</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WESTERN ALLIANCE BANCORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>957638109</cusip><value>638</value><shrsOrPrnAmt><sshPrnamt>17000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>17000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WESTERN DIGITAL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>958102105</cusip><value>3013</value><shrsOrPrnAmt><sshPrnamt>51526</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>51526</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WESTERN UN CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>959802109</cusip><value>1871</value><shrsOrPrnAmt><sshPrnamt>89895</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>89895</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WESTLAKE CHEM CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>960413102</cusip><value>368</value><shrsOrPrnAmt><sshPrnamt>6890</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6890</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WESTROCK CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>96145D105</cusip><value>2217</value><shrsOrPrnAmt><sshPrnamt>45747</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>45747</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WEX INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>96208T104</cusip><value>756</value><shrsOrPrnAmt><sshPrnamt>7000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WEYERHAEUSER CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>962166104</cusip><value>4331</value><shrsOrPrnAmt><sshPrnamt>135595</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>135595</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WHIRLPOOL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>963320106</cusip><value>2214</value><shrsOrPrnAmt><sshPrnamt>13659</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13659</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WHITE MTNS INS GROUP LTD</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>G9618E107</cusip><value>735</value><shrsOrPrnAmt><sshPrnamt>885</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>885</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WHITEWAVE FOODS CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>966244105</cusip><value>1720</value><shrsOrPrnAmt><sshPrnamt>31598</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>31598</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WHITING PETE CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>966387102</cusip><value>321</value><shrsOrPrnAmt><sshPrnamt>36683</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36683</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WHOLE FOODS MKT INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>966837106</cusip><value>1649</value><shrsOrPrnAmt><sshPrnamt>58172</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>58172</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WILEY JOHN &amp; SONS INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>968223206</cusip><value>412</value><shrsOrPrnAmt><sshPrnamt>7983</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7983</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WILLIAMS COS INC DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>969457100</cusip><value>3868</value><shrsOrPrnAmt><sshPrnamt>125861</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>125861</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WILLIAMS SONOMA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>969904101</cusip><value>823</value><shrsOrPrnAmt><sshPrnamt>16117</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16117</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WORKDAY INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>98138H101</cusip><value>1953</value><shrsOrPrnAmt><sshPrnamt>21300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>21300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WORLD FUEL SVCS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>981475106</cusip><value>578</value><shrsOrPrnAmt><sshPrnamt>12500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WPX ENERGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>98212B103</cusip><value>801</value><shrsOrPrnAmt><sshPrnamt>60761</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>60761</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WYNDHAM WORLDWIDE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>98310W108</cusip><value>1354</value><shrsOrPrnAmt><sshPrnamt>20108</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>20108</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WYNN RESORTS LTD</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>983134107</cusip><value>1421</value><shrsOrPrnAmt><sshPrnamt>14583</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14583</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>XCEL ENERGY INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>98389B100</cusip><value>3820</value><shrsOrPrnAmt><sshPrnamt>92850</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>92850</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>XEROX CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>984121103</cusip><value>1863</value><shrsOrPrnAmt><sshPrnamt>183951</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>183951</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>XILINX INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>983919101</cusip><value>2516</value><shrsOrPrnAmt><sshPrnamt>46300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>46300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>XL GROUP LTD</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>G98294104</cusip><value>1697</value><shrsOrPrnAmt><sshPrnamt>50463</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>50463</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>XYLEM INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>98419M100</cusip><value>1708</value><shrsOrPrnAmt><sshPrnamt>32565</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>32565</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>YAHOO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>984332106</cusip><value>6838</value><shrsOrPrnAmt><sshPrnamt>158634</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>158634</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>YELP INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>985817105</cusip><value>517</value><shrsOrPrnAmt><sshPrnamt>12400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>YUM BRANDS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>988498101</cusip><value>6418</value><shrsOrPrnAmt><sshPrnamt>70674</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>70674</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ZAYO GROUP HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>98919V105</cusip><value>882</value><shrsOrPrnAmt><sshPrnamt>29700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ZEBRA TECHNOLOGIES CORP</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>989207105</cusip><value>649</value><shrsOrPrnAmt><sshPrnamt>9332</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9332</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ZILLOW GROUP INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>98954M101</cusip><value>320</value><shrsOrPrnAmt><sshPrnamt>9300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ZILLOW GROUP INC</nameOfIssuer><titleOfClass>CL C CAP STK</titleOfClass><cusip>98954M200</cusip><value>648</value><shrsOrPrnAmt><sshPrnamt>18700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ZIMMER BIOMET HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>98956P102</cusip><value>4388</value><shrsOrPrnAmt><sshPrnamt>33752</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33752</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ZIONS BANCORPORATION</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>989701107</cusip><value>1138</value><shrsOrPrnAmt><sshPrnamt>36680</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36680</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ZOETIS INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>98978V103</cusip><value>4333</value><shrsOrPrnAmt><sshPrnamt>83300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>83300</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ZYNGA INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>98986T108</cusip><value>385</value><shrsOrPrnAmt><sshPrnamt>132388</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>132388</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable></informationTable>
