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
ARCOS DORADOS HOLDINGS INC SHS CLASS -A- G0457F107 96,843 8,220,943 SH   SOLE NONE 8,220,943 0 0
NEW ORIENTAL EDUCATIO SPON ADR 647581107 50,977 1,921,470 SH   SOLE NONE 1,921,470 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 91,531 1,833,560 SH   SOLE NONE 1,833,560 0 0
51JOB INC SP ADR REP COM 316827104 13,297 174,937 SH   SOLE NONE 174,937 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 122,668 1,380,770 SH   SOLE NONE 1,380,770 0 0
GUESS INC COM 401617105 7,010 222,040 SH   SOLE NONE 222,040 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 9,633 1,100,957 SH   SOLE NONE 1,100,957 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,010 288,100 SH   SOLE NONE 288,100 0 0
BAIDU INC SPON ADR REP A 056752108 101,329 657,470 SH   SOLE NONE 657,470 0 0
DOLLAR GEN CORP NEW COM 256677105 32,033 541,370 SH   SOLE NONE 541,370 0 0
YUM BRANDS INC COM 988498101 42,128 631,040 SH   SOLE NONE 631,040 0 0
OCH ZIFF CAP MGMT GROUP CL A 67551U105 6,644 529,810 SH   SOLE NONE 529,810 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 33,060 1,248,966 SH   SOLE NONE 1,248,966 0 0
COLGATE PALMOLIVE CO COM 194162103 52,357 808,480 SH   SOLE NONE 808,480 0 0
GANNETT INC COM 364730101 5,033 182,900 SH   SOLE NONE 182,900 0 0
EMBOTELLADORA ANDINA S A SPON ADR A 29081P204 3,016 118,262 SH   SOLE NONE 118,262 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 5,237 197,310 SH   SOLE NONE 197,310 0 0
DOLLAR TREE INC COM 256746108 8,610 145,370 SH   SOLE NONE 145,370 0 0
KKR & CO L P DEL COM UNITS 48248M102 10,600 446,707 SH   SOLE NONE 446,707 0 0
RALPH LAUREN CORP CALL 751212101 6,871 41,630 SH   SOLE NONE 41,630 0 0
TAL ED GROUP ADS REPSTG COM 874080104 637 34,096 SH   SOLE NONE 34,096 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 2,210 135,058 SH   SOLE NONE 135,058 0 0
DIRECTV COM 25490A309 7,565 119,910 SH   SOLE NONE 119,910 0 0
TRONOX LTD SHS CL A Q9235V101 553 23,500 SH   SOLE NONE 23,500 0 0
PRICELINE COM INC COM NEW 741503403 9,912 9,350 SH   SOLE NONE 9,350 0 0
MCDONALDS CORP COM 580135101 14,960 156,860 SH   SOLE NONE 156,860 0 0
WAL-MART STORES INC COM 931142103 28,677 371,750 SH   SOLE NONE 371,750 0 0
DISNEY WALT CO COM DISNEY 254687106 12,332 178,730 SH   SOLE NONE 178,730 0 0
COCA COLA CO COM 191216100 16,240 410,005 SH   SOLE NONE 410,005 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 7,321 210,200 SH   SOLE NONE 210,200 0 0
MASTERCARD INC CL A 57636Q104 7,132 9,770 SH   SOLE NONE 9,770 0 0
GOOGLE INC CL A 38259P508 24,543 24,180 SH   SOLE NONE 24,180 0 0
VISA INC COM CL A 92826C839 8,359 41,160 SH   SOLE NONE 41,160 0 0
APPLE INC COM 037833100 18,966 35,793 SH   SOLE NONE 35,793 0 0
AMAZON COM INC COM 023135106 5,852 16,340 SH   SOLE NONE 16,340 0 0
NIKE INC CL B 654106103 1,611 21,330 SH   SOLE NONE 21,330 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,169 10,000 SH   SOLE NONE 10,000 0 0
CVS CAREMARK CORPORATION COM 126650100 274 4,440 SH   SOLE NONE 4,440 0 0
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 78 11,100 SH   SOLE NONE 11,100 0 0