The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBOTT LABS COM 002824100 273 6,675 SH   SOLE None 0 0 6,675
ABBVIE INC COM 00287Y109 365 6,475 SH   SOLE None 0 0 6,475
AERCAP HOLDINGS NV SHS N00985106 2,790 60,910 SH   SOLE None 60,910 0 0
ALCATEL-LUCENT SPONSORED ADR 013904305 1,324 371,940 SH   SOLE None 371,940 0 0
ALCOA INC COM 013817101 724 48,625 SH   SOLE None 0 0 48,625
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 3,222 200,749 SH   SOLE None 200,749 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 4,606 1,241,616 SH   SOLE None 1,241,616 0 0
ASSURED GUARANTY LTD COM G0585R106 2,649 108,141 SH   SOLE None 108,141 0 0
AT&T INC COM 00206R102 488 13,800 SH   SOLE None 0 0 13,800
AUTOBYTEL INC COM NEW 05275N205 668 50,953 SH   SOLE None 50,953 0 0
AXT INC COM 00246W103 1,406 657,120 SH   SOLE None 657,120 0 0
BEBE STORES INC COM 075571109 1,402 459,795 SH   SOLE None 459,795 0 0
BENCHMARK ELECTRS INC COM 08160H101 1,931 75,788 SH   SOLE None 75,788 0 0
BLACK DIAMOND INC COM 09202G101 3,263 290,798 SH   SOLE None 290,798 0 0
BLOUNT INTL INC COM 095180105 6,542 463,666 SH   SOLE None 463,666 0 0
BOSTON SCIENTIFIC CORP COM 101137107 528 41,325 SH   SOLE None 0 0 41,325
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,158 27,800 SH   SOLE None 27,800 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 4,238 460,600 SH   SOLE None 460,600 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 3,750 400,177 SH   SOLE None 400,177 0 0
CALLAWAY GOLF CO COM 131193104 4,227 508,081 SH   SOLE None 508,081 0 0
CAPSTONE TURBINE CORP COM 14067D102 1,658 1,098,041 SH   SOLE None 1,098,041 0 0
CNO FINL GROUP INC COM 126501105 4,588 257,726 SH   SOLE None 257,726 0 0
COCA COLA ENTERPRISES INC NE COM 19122T109 619 12,950 SH   SOLE None 0 0 12,950
COMVERSE INC COM 20585P105 4,004 150,085 SH   SOLE None 150,085 0 0
CONSOLIDATED EDISON INC COM 209115104 469 8,125 SH   SOLE None 0 0 8,125
COVANTA HLDG CORP COM 22282E102 7,632 370,300 SH   SOLE None 370,300 0 0
COWEN GROUP INC NEW CL A 223622101 4,167 987,344 SH   SOLE None 987,344 0 0
CRYOLIFE INC COM 228903100 2,635 294,427 SH   SOLE None 294,427 0 0
CTS CORP COM 126501105 3,617 193,440 SH   SOLE None 193,440 0 0
DEAN FOODS CO COM NEW 242370203 6,273 356,600 SH   SOLE None 356,600 0 0
DYNEGY INC NEW COM 26817R108 4,625 132,906 SH   SOLE None 132,906 0 0
EASTMAN KODAK CO COM NEW 277461406 2,113 86,356 SH   SOLE None 86,356 0 0
ELECTRO SCIENTIFIC INDS COM 285229100 2,791 409,879 SH   SOLE None 409,879 0 0
EMCOR GROUP INC COM 29084Q100 1,818 40,834 SH   SOLE None 40,834 0 0
EMULEX CORP COM NEW 292475209 2,123 372,513 SH   SOLE None 372,513 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 5,004 96,988 SH   SOLE None 96,988 0 0
EXELON CORP COM 30161N101 405 11,090 SH   SOLE None 0 0 11,090
EXPRESS INC COM 30219E103 6,113 358,947 SH   SOLE None 358,947 0 0
FIRSTMERIT CORP COM 337915102 4,515 228,611 SH   SOLE None 228,611 0 0
FLY LEASING LTD SPONSORED ADR 34407D109 6,401 441,730 SH   SOLE None 441,730 0 0
FRESH DEL MONTE PRODUCE INC ORD G36738105 5,427 177,067 SH   SOLE None 177,067 0 0
GAIAM INC CL A 36268Q103 2,321 302,192 SH   SOLE None 302,192 0 0
GENERAL ELECTRIC CO COM 369604103 413 15,700 SH   SOLE None 0 0 15,700
GENWORTH FINL INC COM CL A 37247D106 4,684 269,175 SH   SOLE None 247,300 0 21,875
GFI GROUP INC COM 361652209 1,353 407,482 SH   SOLE None 407,482 0 0
GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 4,772 295,298 SH   SOLE None 295,298 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 751 20,975 SH   SOLE None 0 0 20,975
HOOPER HOLMES INC COM 439104100 749 1,002,577 SH   SOLE None 1,002,577 0 0
HUNTSMAN CORP COM 447011107 740 26,325 SH   SOLE None 0 0 26,325
IAC INTERACTIVECORP COM PAR $.001 44919P508 3,383 48,859 SH   SOLE None 48,859 0 0
INTRALINKS HLDGS INC COM 46118H104 2,859 321,542 SH   SOLE None 321,542 0 0
IPASS INC COM 46261V108 1,647 1,372,713 SH   SOLE None 1,372,713 0 0
JANUS CAP GROUP INC COM 47102X105 4,688 375,668 SH   SOLE None 375,668 0 0
JETBLUE AIRWAYS CORP COM 477143101 4,386 404,255 SH   SOLE None 404,255 0 0
JOHNSON & JOHNSON COM 478160104 262 2,500 SH   SOLE None 0 0 2,500
JOURNAL COMMUNICATIONS INC CL A 481130102 5,724 645,267 SH   SOLE None 645,267 0 0
KCG HLDGS INC CL A 48244B100 6,458 543,613 SH   SOLE None 543,613 0 0
KRATON PERFORMANCE POLYMERS COM 50077C106 3,262 145,688 SH   SOLE None 145,688 0 0
LMI AEROSPACE INC COM 502079106 1,825 139,496 SH   SOLE None 139,496 0 0
LSI INDS INC COM 50216C108 3,301 413,653 SH   SOLE None 413,653 0 0
MATTSON TECHNOLOGY INC COM 577223100 5,085 2,321,769 SH   SOLE None 2,321,769 0 0
MCDERMOTT INTL INC COM 580037109 5,323 657,921 SH   SOLE None 657,921 0 0
METLIFE INC COM 59156R108 639 11,500 SH   SOLE None 0 0 11,500
MFA FINL INC COM 55272X102 4,217 513,592 SH   SOLE None 513,592 0 0
MICROSOFT CORP COM 594918104 368 8,825 SH   SOLE None 0 0 8,825
MONDELEZ INTL INC CL A 609207105 303 8,050 SH   SOLE None 0 0 8,050
MONTPELIER RE HOLDINGS LTD SHS G62185106 2,300 72,000 SH   SOLE None 72,000 0 0
MORGAN STANLEY COM NEW 617446448 536 16,575 SH   SOLE None 0 0 16,575
NEOPHOTONICS CORP COM 64051T100 2,800 672,981 SH   SOLE None 672,981 0 0
NISOURCE INC COM 65473P105 557 14,150 SH   SOLE None 0 0 14,150
OFFICE DEPOT INC COM 676220106 4,565 802,337 SH   SOLE None 802,337 0 0
OMEGA PROTEIN CORP COM 68210P107 1,334 97,508 SH   SOLE None 97,508 0 0
ORTHOFIX INTL N V COM N6748L102 5,930 163,586 SH   SOLE None 163,586 0 0
OWENS & MINOR INC NEW COM 690732102 5,136 151,142 SH   SOLE None 151,142 0 0
PAN AMERICAN SILVER CORP COM 697900108 5,584 363,758 SH   SOLE None 363,758 0 0
PFIZER INC COM 717081103 327 11,005 SH   SOLE None 0 0 11,005
PHOENIX COS INC NEW COM NEW 71902E604 3,291 68,011 SH   SOLE None 68,011 0 0
PRGX GLOBAL INC COM NEW 69357C503 3,714 581,143 SH   SOLE None 581,143 0 0
REALNETWORKS INC COM NEW 75605L708 3,505 459,425 SH   SOLE None 458,850 0 575
SANDRIDGE ENERGY INC COM 80007P307 3,582 500,980 SH   SOLE None 500,980 0 0
SANMINA CORPORATION COM 801056102 3,804 166,989 SH   SOLE None 166,989 0 0
SEABOARD CORP COM 811543107 3,060 1,013 SH   SOLE None 1,013 0 0
SEACHANGE INTL INC COM 811699107 4,594 573,559 SH   SOLE None 573,559 0 0
SELECTIVE INS GROUP INC COM 816300107 4,962 200,725 SH   SOLE None 200,725 0 0
STEWART INFORMATION SVCS COR COM 860372101 3,550 114,464 SH   SOLE None 114,464 0 0
SUPERIOR INDS INTL INC COM 868168105 2,360 114,445 SH   SOLE None 114,445 0 0
TETRA TECHNOLOGIES INC DEL COM 88162F105 4,913 417,036 SH   SOLE None 417,036 0 0
TRAVELCENTERS OF AMERICA LLC COM 894174101 4,678 526,765 SH   SOLE None 526,765 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 4,252 184,638 SH   SOLE None 184,638 0 0
TRUSTCO BK CORP N Y COM 898349105 401 60,050 SH   SOLE None 0 0 60,050
UNS ENERGY CORP COM 903119105 3,046 50,430 SH   SOLE None 50,430 0 0
VIOLIN MEMORY INC COM 92763A101 4,316 974,168 SH   SOLE None 974,168 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 4,882 315,160 SH   SOLE None 315,160 0 0
VISTEON CORP COM NEW 92839U206 3,171 32,688 SH   SOLE None 32,688 0 0
VITESSE SEMICONDUCTOR CORP COM NEW 928497304 3,046 882,932 SH   SOLE None 882,932 0 0
VONAGE HLDGS CORP COM 92886T201 3,990 1,064,120 SH   SOLE None 1,064,120 0 0
W&T Offshore Inc COM 92922P106 752 45,919 SH   SOLE None 45,919 0 0
XEROX CORP COM 984121103 592 47,600 SH   SOLE None 0 0 47,600
YAHOO INC COM 984332106 250 7,125 SH   SOLE None 0 0 7,125