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
ARI NETWORK SVCS INC COM NEW 001930205 7 1,000 SH   SOLE   1,000 0 0
ALERE INC COM 01449J105 2,510 50,000 SH   SOLE   50,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 284 2,017 SH   SOLE   2,017 0 0
ALTABA INC COM 021346101 5,993 110,000 SH   SOLE   110,000 0 0
AUTOHOME INC SP ADR RP CL A 05278C107 307 6,767 SH   SOLE   6,767 0 0
BANCO MACRO SA SPON ADR B 05961W105 222 2,404 SH   SOLE   2,404 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 46 1,040 SH   SOLE   1,040 0 0
CABELAS INC COM 126804301 891 15,000 SH   SOLE   15,000 0 0
CHINA BIOLOGIC PRODS INC COM 16938C106 105 932 SH   SOLE   932 0 0
CHINA LODGING GROUP LTD SPONSORED ADR 16949N109 288 3,575 SH   SOLE   3,575 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 203 2,400 SH   SOLE   2,400 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 1,273 23,641 SH   SOLE   23,641 0 0
FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 1,565 100,000 SH   SOLE   100,000 0 0
FANG HLDGS LTD ADR 30711Y102 752 202,750 SH   SOLE   202,750 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 328 3,333 SH   SOLE   3,333 0 0
GAS NAT INC COM 367204104 614 47,532 SH   SOLE   47,532 0 0
GENWORTH FINL INC COM CL A 37247D106 471 125,000 SH   SOLE   125,000 0 0
HUNTSMAN CORP COM 447011107 2,222 86,000 SH   SOLE   86,000 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 1,374 56,949 SH   SOLE   56,949 0 0
JD COM INC SPON ADR CL A 47215P106 437 11,138 SH   SOLE   11,138 0 0
JUMEI INTL HLDG LTD SPONSORED ADR 48138L107 1,161 545,000 SH   SOLE   545,000 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 999 150,000 SH   SOLE   150,000 0 0
MERCADOLIBRE INC COM 58733R102 85 339 SH   SOLE   339 0 0
MONEYGRAM INTL INC COM NEW 60935Y208 203 11,770 SH   SOLE   11,770 0 0
MONSANTO CO NEW COM 61166W101 3,373 28,500 SH   SOLE   28,500 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 289 4,106 SH   SOLE   4,106 0 0
PDC ENERGY INC COM 69327R101 40,094 930,043 SH   SOLE   930,043 0 0
PRICESMART INC COM 741511109 31 352 SH   SOLE   352 0 0
QIWI PLC SPON ADR REP B 74735M108 134 5,445 SH   SOLE   5,445 0 0
RITE AID CORP COM 767754104 1,106 375,000 SH   SOLE   375,000 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 195 7,600 SH   SOLE   7,600 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 172 5,200 SH   SOLE   5,200 0 0
SOHU COM INC COM 83408W103 45 996 SH   SOLE   996 0 0
SOUTHERN COPPER CORP COM 84265V105 137 3,942 SH   SOLE   3,942 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 1,270 27,500 SH   SOLE   27,500 0 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 243 9,592 SH   SOLE   9,592 0 0
TERRAFORM GLOBAL INC CL A 88104M101 1,515 300,000 SH   SOLE   300,000 0 0
TRIBUNE MEDIA CO CL A 896047503 1,223 30,000 SH   SOLE   30,000 0 0
21VIANET GROUP INC SPONSORED ADR 90138A103 783 156,000 SH   SOLE   156,000 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 665 63,000 SH   SOLE   63,000 0 0
XCERRA CORP COM 98400J108 1,954 200,000 SH   SOLE   200,000 0 0
YY INC ADS REPCOM CLA 98426T106 3,656 63,000 SH   SOLE   63,000 0 0
ZHAOPIN LTD SPONSORED ADR 98954L103 1,158 62,500 SH   SOLE   62,500 0 0
CREDICORP LTD COM G2519Y108 148 824 SH   SOLE   824 0 0
COSAN LTD SHS A G25343107 106 16,578 SH   SOLE   16,578 0 0
HOLLYSYS AUTOMATION TECHNOLO SHS G45667105 913 54,966 SH   SOLE   54,966 0 0
COPA HOLDINGS SA CL A P31076105 124 1,060 SH   SOLE   1,060 0 0