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
21VIANET GROUP INC SPONSORED ADR 90138A103 934 116,999 SH   SOLE   116,999 0 0
AETNA INC NEW COM 00817Y108 1,263 7,000 SH   SOLE   7,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 354 2,051 SH   SOLE   2,051 0 0
ALTABA INC COM 021346101 3,877 55,500 SH   SOLE   55,500 0 0
AUTOHOME INC SP ADR RP CL A 05278C107 209 3,233 SH   SOLE   3,233 0 0
BANCO MACRO SA SPON ADR B 05961W105 279 2,404 SH   SOLE   2,404 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 389 9,819 SH   SOLE   9,819 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 3,169 176,635 SH   SOLE   176,635 0 0
CALPINE CORP COM NEW 131347304 1,400 92,500 SH   SOLE   92,500 0 0
CARRIZO OIL & GAS INC COM 144577103 5,062 237,857 SH   SOLE   237,857 0 0
CHINA LODGING GROUP LTD SPONSORED ADR 16949N109 175 1,210 SH   SOLE   1,210 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 167 2,400 SH   SOLE   2,400 0 0
COPA HOLDINGS SA CL A P31076105 142 1,060 SH   SOLE   1,060 0 0
COSAN LTD SHS A G25343107 187 19,269 SH   SOLE   19,269 0 0
CREDICORP LTD COM G2519Y108 174 841 SH   SOLE   841 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 230 5,205 SH   SOLE   5,205 0 0
FANG HLDGS LTD ADR 30711Y102 937 168,000 SH   SOLE   168,000 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 331 3,520 SH   SOLE   3,520 0 0
GENWORTH FINL INC COM CL A 37247D106 389 125,000 SH   SOLE   125,000 0 0
INDEPENDENCE CONTRACT DRIL I COM 453415309 1,562 392,500 SH   SOLE   392,500 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 2,117 71,529 SH   SOLE   71,529 0 0
JD COM INC SPON ADR CL A 47215P106 340 8,202 SH   SOLE   8,202 0 0
JUMEI INTL HLDG LTD SPONSORED ADR 48138L107 1,743 596,999 SH   SOLE   596,999 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 434 75,000 SH   SOLE   75,000 0 0
MERCADOLIBRE INC COM 58733R102 116 370 SH   SOLE   370 0 0
MONEYGRAM INTL INC COM NEW 60935Y208 1,186 90,000 SH   SOLE   90,000 0 0
MONSANTO CO NEW COM 61166W101 3,328 28,500 SH   SOLE   28,500 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 243 2,582 SH   SOLE   2,582 0 0
NXSTAGE MEDICAL INC COM COM 67072V103 1,212 50,000 SH   SOLE   50,000 0 0
PDC ENERGY INC COM 69327R101 47,934 930,043 SH   SOLE   930,043 0 0
PRICESMART INC COM 741511109 95 1,100 SH   SOLE   1,100 0 0
QIWI PLC SPON ADR REP B 74735M108 94 5,445 SH   SOLE   5,445 0 0
REDFIN CORP COM 75737F108 14,203 453,468 SH   SOLE   453,468 0 0
RESOLUTE ENERGY CORP COM NEW 76116A306 4,639 147,425 SH   SOLE   147,425 0 0
SK TELECOM LTD SPONSORED ADR 78440P108 212 7,600 SH   SOLE   7,600 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 183 3,082 SH   SOLE   3,082 0 0
SOUTHERN COPPER CORP COM 84265V105 187 3,942 SH   SOLE   3,942 0 0
SPARTON CORP COM 847235108 1,268 55,000 SH   SOLE   55,000 0 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 374 10,197 SH   SOLE   10,197 0 0
TRIBUNE MEDIA CO CL A 896047503 1,274 30,000 SH   SOLE   30,000 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 369 31,500 SH   SOLE   31,500 0 0
XCERRA CORP COM 98400J108 1,958 200,000 SH   SOLE   200,000 0 0