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 278 6,675 SH   SOLE   0 0 6,675
ABBVIE INC COM 00287Y109 374 6,475 SH   SOLE   0 0 6,475
AERCAP HOLDINGS NV SHS N00985106 802 19,610 SH   SOLE   19,610 0 0
ALCATEL-LUCENT SPONSORED ADR 13904305 1,127 371,940 SH   SOLE   371,940 0 0
ALCOA INC COM 13817101 763 47,425 SH   SOLE   0 0 47,425
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 2,693 200,749 SH   SOLE   200,749 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 2,327 938,339 SH   SOLE   938,339 0 0
AT&T INC COM 00206R102 486 13,800 SH   SOLE   0 0 13,800
AUTOBYTEL INC COM NEW 05275N205 1,545 179,859 SH   SOLE   179,859 0 0
AXT INC COM 00246W103 1,603 657,120 SH   SOLE   657,120 0 0
BEBE STORES INC COM 75571109 1,329 572,703 SH   SOLE   572,703 0 0
BENCHMARK ELECTRS INC COM 08160H101 1,683 75,788 SH   SOLE   75,788 0 0
BLACK DIAMOND INC COM 09202G101 2,361 312,340 SH   SOLE   312,340 0 0
BLOUNT INTL INC COM 95180105 6,206 410,167 SH   SOLE   410,167 0 0
BOSTON SCIENTIFIC CORP COM 101137107 459 38,825 SH   SOLE   0 0 38,825
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 5,007 460,600 SH   SOLE   460,600 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 3,740 437,468 SH   SOLE   437,468 0 0
CALLAWAY GOLF CO COM 131193104 3,679 508,081 SH   SOLE   508,081 0 0
CAPSTONE TURBINE CORP COM 14067D102 1,175 1,098,041 SH   SOLE   1,098,041 0 0
CNO FINL GROUP INC COM 12621E103 4,371 257,726 SH   SOLE   257,726 0 0
COCA COLA ENTERPRISES INC NE COM 19122T109 574 12,950 SH   SOLE   0 0 12,950
COMVERSE INC COM 20585P105 3,351 150,085 SH   SOLE   150,085 0 0
CONSOLIDATED EDISON INC COM 209115104 460 8,125 SH   SOLE   0 0 8,125
COVANTA HLDG CORP COM 22282E102 7,435 350,400 SH   SOLE   350,400 0 0
COWEN GROUP INC NEW CL A 223622101 3,740 997,344 SH   SOLE   997,344 0 0
CRYOLIFE INC COM 228903100 2,906 294,427 SH   SOLE   294,427 0 0
CTS CORP COM 126501105 3,074 193,440 SH   SOLE   193,440 0 0
DEAN FOODS CO COM NEW 242370203 4,725 356,600 SH   SOLE   356,600 0 0
DYNEGY INC NEW COM 26817R108 3,836 132,906 SH   SOLE   132,906 0 0
EASTMAN KODAK CO COM NEW 277461406 2,594 118,086 SH   SOLE   118,086 0 0
ELECTRO SCIENTIFIC INDS COM 285229100 3,160 465,425 SH   SOLE   465,425 0 0
EMCOR GROUP INC COM 29084Q100 1,536 38,434 SH   SOLE   38,434 0 0
EMULEX CORP COM NEW 292475209 29 5,800 SH   SOLE   5,800 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 5,352 96,988 SH   SOLE   96,988 0 0
EXELON CORP COM 30161N101 378 11,090 SH   SOLE   0 0 11,090
EXPRESS INC COM 30219E103 5,603 358,947 SH   SOLE   358,947 0 0
FIRSTMERIT CORP COM 337915102 5,414 307,639 SH   SOLE   307,639 0 0
FLY LEASING LTD SPONSORED ADR 34407D109 5,659 441,730 SH   SOLE   441,730 0 0
FRESH DEL MONTE PRODUCE INC ORD G36738105 5,648 177,067 SH   SOLE   177,067 0 0
GAIAM INC CL A 36268Q103 2,218 302,192 SH   SOLE   302,192 0 0
GENERAL ELECTRIC CO COM 369604103 389 15,200 SH   SOLE   0 0 15,200
GENWORTH FINL INC COM CL A 37247D106 3,900 297,675 SH   SOLE   275,800 0 21,875
GFI GROUP INC COM 361652209 1,695 313,251 SH   SOLE   313,251 0 0
GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 5,070 340,298 SH   SOLE   340,298 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 781 20,975 SH   SOLE   0 0 20,975
HOOPER HOLMES INC COM 439104100 597 982,282 SH   SOLE   982,282 0 0
HUNTSMAN CORP COM 447011107 678 26,075 SH   SOLE   0 0 26,075
IAC INTERACTIVECORP COM PAR $.001 44919P508 3,220 48,859 SH   SOLE   48,859 0 0
INTRALINKS HLDGS INC COM 46118H104 2,713 334,949 SH   SOLE   334,949 0 0
INVACARE CORP COM 461203101 1,850 156,660 SH   SOLE   156,660 0 0
IPASS INC COM 46261V108 2,162 1,431,538 SH   SOLE   1,431,538 0 0
JANUS CAP GROUP INC COM 47102X105 4,154 285,668 SH   SOLE   285,668 0 0
JETBLUE AIRWAYS CORP COM 477143101 4,293 404,255 SH   SOLE   404,255 0 0
JOHNSON & JOHNSON COM 478160104 266 2,500 SH   SOLE   0 0 2,500
JOURNAL COMMUNICATIONS INC CL A 481130102 5,544 657,620 SH   SOLE   657,620 0 0
KCG HLDGS INC CL A 48244B100 5,507 543,613 SH   SOLE   543,613 0 0
KRATON PERFORMANCE POLYMERS COM 50077C106 2,548 143,049 SH   SOLE   143,049 0 0
LIBERATOR MEDICAL HLDGS INC COM 53012L108 188 60,108 SH   SOLE   60,108 0 0
LMI AEROSPACE INC COM 502079106 1,821 142,247 SH   SOLE   142,247 0 0
LSI INDS INC COM 50216C108 3,148 518,670 SH   SOLE   518,670 0 0
MATTSON TECHNOLOGY INC COM 577223100 5,735 2,321,769 SH   SOLE   2,321,769 0 0
MCDERMOTT INTL INC COM 580037109 4,063 710,321 SH   SOLE   710,321 0 0
METLIFE INC COM 59156R108 618 11,500 SH   SOLE   0 0 11,500
MFA FINL INC COM 55272X102 3,996 513,592 SH   SOLE   513,592 0 0
MICROSOFT CORP COM 594918104 409 8,825 SH   SOLE   0 0 8,825
MONDELEZ INTL INC CL A 609207105 276 8,050 SH   SOLE   0 0 8,050
MONTPELIER RE HOLDINGS LTD SHS G62185106 2,238 72,000 SH   SOLE   72,000 0 0
MORGAN STANLEY COM NEW 617446448 573 16,575 SH   SOLE   0 0 16,575
NEOPHOTONICS CORP COM 64051T100 2,598 775,662 SH   SOLE   775,662 0 0
NISOURCE INC COM 65473P105 564 13,775 SH   SOLE   0 0 13,775
OFFICE DEPOT INC COM 676220106 3,296 641,337 SH   SOLE   641,337 0 0
ORTHOFIX INTL N V COM N6748L102 5,065 163,586 SH   SOLE   163,586 0 0
OWENS & MINOR INC NEW COM 690732102 5,194 158,642 SH   SOLE   158,642 0 0
PAN AMERICAN SILVER CORP COM 697900108 3,994 363,758 SH   SOLE   363,758 0 0
PFIZER INC COM 717081103 322 10,905 SH   SOLE   0 0 10,905
PHOENIX COS INC NEW COM NEW 71902E604 3,224 57,508 SH   SOLE   57,508 0 0
PRGX GLOBAL INC COM NEW 69357C503 3,884 662,826 SH   SOLE   662,826 0 0
REALNETWORKS INC COM NEW 75605L708 3,529 507,756 SH   SOLE   507,181 0 575
SANDRIDGE ENERGY INC COM 80007P307 2,149 500,980 SH   SOLE   500,980 0 0
SANMINA CORPORATION COM 801056102 3,483 166,989 SH   SOLE   166,989 0 0
SEABOARD CORP COM 811543107 2,747 1,027 SH   SOLE   1,027 0 0
SEACHANGE INTL INC COM 811699107 4,442 638,285 SH   SOLE   638,285 0 0
SELECTIVE INS GROUP INC COM 816300107 4,535 204,834 SH   SOLE   204,834 0 0
STEWART INFORMATION SVCS COR COM 860372101 3,360 114,464 SH   SOLE   114,464 0 0
SUPERIOR INDS INTL INC COM 868168105 2,142 122,208 SH   SOLE   122,208 0 0
TECK RESOURCES LTD CL B 878742204 309 16,350 SH   SOLE   0 0 16,350
TETRA TECHNOLOGIES INC DEL COM 88162F105 4,512 417,036 SH   SOLE   417,036 0 0
TRAVELCENTERS OF AMERICA LLC COM 894174101 5,254 531,765 SH   SOLE   531,765 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 4,031 220,638 SH   SOLE   220,638 0 0
TRUSTCO BK CORP N Y COM 898349105 387 60,050 SH   SOLE   0 0 60,050
VIOLIN MEMORY INC COM 92763A101 4,744 974,168 SH   SOLE   974,168 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 4,504 315,160 SH   SOLE   315,160 0 0
VISTEON CORP COM NEW 92839U206 1,681 17,288 SH   SOLE   17,288 0 0
VITESSE SEMICONDUCTOR CORP COM NEW 928497304 3,635 1,009,704 SH   SOLE   1,009,704 0 0
VONAGE HLDGS CORP COM 92886T201 4,152 1,265,957 SH   SOLE   1,265,957 0 0
W&T Offshore Inc COM 92922P106 2,799 254,479 SH   SOLE   254,479 0 0
XEROX CORP COM 984121103 630 47,600 SH   SOLE   0 0 47,600
YAHOO INC COM 984332106 286 7,025 SH   SOLE   0 0 7,025