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
ACE LTD SHS H0023R105 1,050 11,732 SH   SOLE   11,732 0 0
AES CORP COM 00130H105 8,495 708,500 SH   SOLE   708,500 0 0
ALNYLAM PHARMACEUTICALS INC COM 02043Q107 3,770 121,614 SH   SOLE   121,614 0 0
AMBOW ED HLDG LTD ADR REPSTG CL A 02322P101 19 20,000 SH   SOLE   20,000 0 0
AMERCO COM 023586100 17,252 106,559 SH   SOLE   106,559 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 861 75,043 SH   SOLE   75,043 0 0
APOLLO GROUP INC CL A 037604105 1,557 87,891 SH   SOLE   87,891 0 0
APPLE INC COM 037833100 3,677 9,668 SH   SOLE   9,668 0 0
ASSURED GUARANTY LTD COM G0585R106 1,113 50,425 SH   SOLE   50,425 0 0
ASURE SOFTWARE INC COM 04649U102 129 22,243 SH   SOLE   22,243 0 0
BANK OF AMERICA CORPORATION COM 060505104 8,404 653,494 SH   SOLE   653,494 0 0
BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 306 55,998 SH Call SOLE   55,998 0 0
BAZAARVOICE INC COM 073271108 472 50,000 SH   SOLE   50,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,517 19 SH   SOLE   19 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 708 6,324 SH   SOLE   6,324 0 0
BLUEKNIGHT ENERGY PARTNERS L COM UNIT 09625U109 3,728 425,342 SH   SOLE   425,342 0 0
BLYTH INC COM NEW 09643P207 2,977 213,290 SH   SOLE   213,290 0 0
BRIDGEPOINT ED INC COM 10807M105 5,801 488,468 SH   SOLE   488,468 0 0
CAL MAINE FOODS INC COM NEW 128030202 820 17,642 SH   SOLE   17,642 0 0
CAREER EDUCATION CORP COM 141665109 43 14,700 SH   SOLE   14,700 0 0
CHINA CORD BLOOD CORP SHS G21107100 185 66,012 SH   SOLE   66,012 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 2,390 47,665 SH   SOLE   47,665 0 0
CLEARONE INC COM 18506U104 679 79,768 SH   SOLE   79,768 0 0
COMERICA INC COM 200340107 11,786 295,907 SH   SOLE   295,907 0 0
COOPER COS INC COM NEW 216648402 6,874 57,741 SH   SOLE   57,741 0 0
DOLE FOOD CO INC NEW COM 256603101 261 20,461 SH   SOLE   20,461 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 7,988 630,909 SH   SOLE   630,909 0 0
ENERGY XXI (BERMUDA) LTD USD UNRS SHS G10082140 1,846 84,927 SH   SOLE   84,927 0 0
ENVIROSTAR INC COM 29414M100 157 116,061 SH   SOLE   116,061 0 0
ESCALADE INC COM 296056104 124 20,082 SH   SOLE   20,082 0 0
GOOGLE INC CL A 38259P508 3,228 3,981 SH   SOLE   3,981 0 0
HERBALIFE LTD COM USD SHS G4412G101 9,924 219,850 SH   SOLE   219,850 0 0
INFUSYSTEM HLDGS INC COM 45685K102 78 52,219 SH   SOLE   52,219 0 0
ING U S INC COM 45685E106 4,622 170,796 SH   SOLE   170,796 0 0
INTERACTIVE BROKERS GROUP IN COM 45841N107 2,077 130,090 SH   SOLE   130,090 0 0
INTERCONTINENTALEXCHANGE INC COM 45865V100 5,176 30,472 SH   SOLE   30,472 0 0
INTERPUBLIC GROUP COS INC COM 460690100 2,867 197,043 SH   SOLE   197,043 0 0
ISHARES INC MSCI TURKEY FD 464286715 5,843 98,371 SH   SOLE   98,371 0 0
ITT EDUCATIONAL SERVICES INC COM 45068B109 414 16,975 SH   SOLE   16,975 0 0
JIAYUAN COM INTL LTD SPONSORED ADR 477374102 326 62,582 SH   SOLE   62,582 0 0
JPMORGAN CHASE & CO COM 46625H100 1,183 22,409 SH   SOLE   22,409 0 0
LINDSAY CORP COM 535555106 9,868 131,608 SH   SOLE   131,608 0 0
MAXYGEN INC COM 577776107 598 261,649 SH   SOLE   261,649 0 0
MENS WEARHOUSE INC COM 587118100 2,268 59,916 SH   SOLE   59,916 0 0
METLIFE INC COM 59156R108 5,290 115,591 SH   SOLE   115,591 0 0
MICRON TECHNOLOGY INC COM 595112103 275 19,200 SH   SOLE   19,200 0 0
MINDSPEED TECHNOLOGIES INC COM NEW 602682205 1,296 399,934 SH   SOLE   399,934 0 0
MORGANS HOTEL GROUP CO COM 61748W108 10,368 1,286,457 SH   SOLE   1,286,457 0 0
NAM TAI ELECTRS INC COM PAR $0.02 629865205 102 18,234 SH   SOLE   18,234 0 0
NTS INC NEV COM 62943B105 276 175,898 SH   SOLE   175,898 0 0
OCEAN RIG UDW INC SHS Y64354205 5,045 269,388 SH   SOLE   269,388 0 0
OIL STS INTL INC COM 678026105 386 4,165 SH   SOLE   4,165 0 0
OMNICOM GROUP INC COM 681919106 14,149 225,062 SH   SOLE   225,062 0 0
PENN NATL GAMING INC COM 707569109 412 7,784 SH   SOLE   7,784 0 0
RIGNET INC COM 766582100 430 16,871 SH   SOLE   16,871 0 0
RIO ALTO MNG LTD NEW COM 76689T104 1,441 796,313 SH   SOLE   796,313 0 0
SMARTPROS LTD COM 83171G103 236 167,945 SH   SOLE   167,945 0 0
STRAYER ED INC COM 863236105 11,674 239,065 SH   SOLE   239,065 0 0
SYNACOR INC COM 871561106 177 57,147 SH   SOLE   57,147 0 0
SYNNEX CORP COM 87162W100 2,656 62,819 SH   SOLE   62,819 0 0
TEKMIRA PHARMACEUTICALS CORP COM NEW 87911B209 167 35,560 SH   SOLE   35,560 0 0
TMS INTL CORP CL A 87261Q103 2,422 167,937 SH   SOLE   167,937 0 0
UNION PAC CORP COM 907818108 2,496 16,957 SH   SOLE   16,957 0 0
WAL-MART STORES INC COM 931142103 9,141 122,720 SH   SOLE   122,720 0 0
WILLIAMS SONOMA INC COM 969904101 5,112 92,389 SH   SOLE   92,389 0 0