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
58.COM-ADR SPON ADR REP A 31680Q104 1,870 45,000 SH   SOLE N/A 45,000 0 0
ALIBABA GRP-ADR SPON ADR 01609W102 24,010 231,000 SH   SOLE N/A 231,000 0 0
ALTRIA GROUP INC COM 02209S103 16,515 335,200 SH   SOLE N/A 335,200 0 0
AMAZON.COM INC COM 023135106 79,139 255,000 SH   SOLE N/A 255,000 0 0
AMBEV SA-ADR SPON ADR 02319V103 33,289 5,351,900 SH   SOLE N/A 5,351,900 0 0
AMERICAN AIRLINE COM 02376R102 79,009 1,473,230 SH   SOLE N/A 1,473,230 0 0
AMERICAN INTERNA SPON ADR 026874784 98,858 1,765,000 SH   SOLE N/A 1,765,000 0 0
AMERICAN TOWER C COM 03027X100 100,827 1,020,000 SH   SOLE N/A 1,020,000 0 0
AMERICA-SPON ADR COM 02364W105 44,537 2,007,984 SH   SOLE N/A 2,007,984 0 0
AMGEN INC COM 031162100 16,120 101,200 SH   SOLE N/A 101,200 0 0
APACHE CORP COM 037411105 42,616 680,000 SH   SOLE N/A 680,000 0 0
APPLE INC COM 037833100 145,207 1,315,518 SH   SOLE N/A 1,315,518 0 0
BANCO SANTAN-ADR SP ADR PFD 05965X109 19,451 986,374 SH   SOLE N/A 986,374 0 0
BANCOLOMBIA-ADR SP ADR REP COM 05968L102 3,495 73,000 SH   SOLE N/A 73,000 0 0
BCE INC SPON ADR 05534B760 0 2 SH   SOLE N/A 2 0 0
BIOMARIN PHARMAC COM 09061G101 66,836 739,334 SH   SOLE N/A 739,334 0 0
BLACKROCK INC COM 09247X101 8,867 24,800 SH   SOLE N/A 24,800 0 0
BOEING CO/THE COM 097023105 8,657 66,600 SH   SOLE N/A 66,600 0 0
BORGWARNER INC COM 099724106 95,888 1,745,000 SH   SOLE N/A 1,745,000 0 0
BRADESCO-ADR COM 059460303 28,229 2,111,345 SH   SOLE N/A 2,111,345 0 0
BRISTOW GROUP IN COM 110394103 21,527 327,210 SH   SOLE N/A 327,210 0 0
CADENCE DESIGN COM 127387108 96,770 5,101,200 SH   SOLE N/A 5,101,200 0 0
CAE INC COM 124765108 39,141 2,595,564 SH   SOLE N/A 2,595,564 0 0
CANADIAN PACIFIC COM 13645T100 73,860 330,100 SH   SOLE N/A 330,100 0 0
CBS CORP-B CL B 124857202 70,152 1,267,662 SH   SOLE N/A 1,267,662 0 0
CELGENE CORP COM 151020104 93,627 837,000 SH   SOLE N/A 837,000 0 0
CEMEX SAB-SP ADR SPON ADR NEW 151290889 37,786 3,708,127 SH   SOLE N/A 3,708,127 0 0
CITIGROUP INC COM 172967424 133,111 2,460,000 SH   SOLE N/A 2,460,000 0 0
COGNIZANT TECH-A CL A 192446102 104,530 1,985,000 SH   SOLE N/A 1,985,000 0 0
CVS HEALTH CORP COM 126650100 149,280 1,550,000 SH   SOLE N/A 1,550,000 0 0
DEAN FOODS CO COM 242370203 33,206 1,713,394 SH   SOLE N/A 1,713,394 0 0
DOLLAR TREE INC COM 256746108 66,650 947,000 SH   SOLE N/A 947,000 0 0
EOG RESOURCES COM 26875P101 115,088 1,250,000 SH   SOLE N/A 1,250,000 0 0
EQUINIX INC COM NEW 29444U502 58,383 257,500 SH   SOLE N/A 257,500 0 0
ESTEE LAUDER CL A 518439104 16,238 213,100 SH   SOLE N/A 213,100 0 0
EXXON MOBIL CORP COM 30231G102 111,687 1,208,076 SH   SOLE N/A 1,208,076 0 0
FOMENTO ECON-ADR SPON ADR UNITS 344419106 38,795 440,700 SH   SOLE N/A 440,700 0 0
FREEPORT-MCMORAN COM 35671D857 53,728 2,300,000 SH   SOLE N/A 2,300,000 0 0
GILDAN ACTIVEWEA COM 375916103 79,896 1,216,070 SH   SOLE N/A 1,216,070 0 0
GILEAD SCIENCES COM 375558103 112,169 1,190,000 SH   SOLE N/A 1,190,000 0 0
GOOGLE INC-A CL A 38259P508 73,665 138,818 SH   SOLE N/A 138,818 0 0
GOOGLE INC-C CL C 38259P706 78,338 148,818 SH   SOLE N/A 148,818 0 0
GRUPO TELEV-ADR SPON ADR 40049J206 42,456 1,246,500 SH   SOLE N/A 1,246,500 0 0
HALLIBURTON CO COM 406216101 63,754 1,621,000 SH   SOLE N/A 1,621,000 0 0
HONEYWELL INTL COM 438516106 8,613 86,200 SH   SOLE N/A 86,200 0 0
HORMEL FOODS CRP COM 440452100 15,760 302,500 SH   SOLE N/A 302,500 0 0
ISHARES MSCI SOU MCSI STH KOR ETF 464286772 45,891 830,000 SH   SOLE N/A 830,000 0 0
ISHARES MSCI TAI MCSI TAIWAN ETF 464286731 22,816 1,510,000 SH   SOLE N/A 1,510,000 0 0
ITAU UNIBANC-ADR SPON ADR REP PFD 465562106 42,480 3,265,217 SH   SOLE N/A 3,265,217 0 0
JOHNSON&JOHNSON COM 478160104 15,968 152,700 SH   SOLE N/A 152,700 0 0
JPMORGAN CHASE COM 46625H100 112,644 1,800,000 SH   SOLE N/A 1,800,000 0 0
KROGER CO COM 501044101 95,673 1,490,000 SH   SOLE N/A 1,490,000 0 0
LAM RESEARCH COM 512807108 118,163 1,489,325 SH   SOLE N/A 1,489,325 0 0
LAREDO PETROLEUM COM 516806106 761 73,500 SH   SOLE N/A 73,500 0 0
MCDONALDS CORP COM 580135101 16,219 173,100 SH   SOLE N/A 173,100 0 0
MEDTRONIC INC GOLD MINER ETF 585055106 80,431 1,114,000 SH   SOLE N/A 1,114,000 0 0
MELCO CROWN-ADR COM 585464100 72,783 2,865,476 SH   SOLE N/A 2,865,476 0 0
MERCK & CO COM 58933Y105 16,202 285,300 SH   SOLE N/A 285,300 0 0
METHANEX CORP ADR 59151K108 61,919 1,160,183 SH   SOLE N/A 1,160,183 0 0
METLIFE INC COM 59156R108 8,535 157,800 SH   SOLE N/A 157,800 0 0
MICROSOFT CORP COM 594918104 170,198 3,664,110 SH   SOLE N/A 3,664,110 0 0
MKT VECT-GOLD MI COM 57060U100 183,910 10,006,000 SH   SOLE N/A 10,006,000 0 0
MKT VECT-RUSSIA RUSSIA ETF 57060U506 55,799 3,814,000 SH   SOLE N/A 3,814,000 0 0
MONDELEZ INTER-A CL A 609207105 65,017 1,789,873 SH   SOLE N/A 1,789,873 0 0
MONSANTO CO COM 61166W101 70,487 590,000 SH   SOLE N/A 590,000 0 0
NUANCE COMMUNICA COM 67020Y100 4,495 315,000 SH   SOLE N/A 315,000 0 0
OSHKOSH CORP COM 688239201 56,151 1,154,182 SH   SOLE N/A 1,154,182 0 0
OUTFRONT MEDIA I COM 69007J106 4,051 150,947 SH   SOLE N/A 150,947 0 0
PETROBRAS SA-ADR SPON ADR 71654V408 10,062 1,378,309 SH   SOLE N/A 1,378,309 0 0
PFIZER INC COM 717081103 85,991 2,760,561 SH   SOLE N/A 2,760,561 0 0
PPL CORP COM 69351T106 48,123 1,324,620 SH   SOLE N/A 1,324,620 0 0
PRECISION DRILL COM 74022D308 33,088 4,686,700 SH   SOLE N/A 4,686,700 0 0
PRUDENTL FINL COM 744320102 88,310 976,238 SH   SOLE N/A 976,238 0 0
QUALCOMM INC COM 747525103 66,020 888,204 SH   SOLE N/A 888,204 0 0
QUANTA SERVICES COM 74762E102 45,704 1,609,858 SH   SOLE N/A 1,609,858 0 0
RAYTHEON CO COM NEW 755111507 8,751 80,900 SH   SOLE N/A 80,900 0 0
SALLY BEAUTY HOL COM 79546E104 29,695 966,000 SH   SOLE N/A 966,000 0 0
SANDISK CORP COM 80004C101 95,041 970,000 SH   SOLE N/A 970,000 0 0
SCHLUMBERGER LTD COM 806857108 36,726 430,000 SH   SOLE N/A 430,000 0 0
SHERWIN-WILLIAMS COM 824348106 121,335 461,281 SH   SOLE N/A 461,281 0 0
SK TELEC-SPN ADR SPON ADR 78440P108 21,251 786,800 SH   SOLE N/A 786,800 0 0
STRYKER CORP COM 863667101 71,219 755,000 SH   SOLE N/A 755,000 0 0
SUNTRUST BANKS COM 867914103 79,338 1,893,519 SH   SOLE N/A 1,893,519 0 0
TALMER BANCORP-A COM 87482X101 28,966 2,063,133 SH   SOLE N/A 2,063,133 0 0
TD AMERITRADE HO COM 87236Y108 97,518 2,725,488 SH   SOLE N/A 2,725,488 0 0
TELUS CORP COM 87971M103 18,310 437,100 SH   SOLE N/A 437,100 0 0
TEXAS INSTRUMENT COM 882508104 83,681 1,565,158 SH   SOLE N/A 1,565,158 0 0
TPG SPECIALTY LE COM 87265K102 58,676 3,488,476 SH   SOLE N/A 3,488,476 0 0
UNION PAC CORP COM 907818108 112,506 944,400 SH   SOLE N/A 944,400 0 0
UNITED RENTALS COM 911363109 101,326 993,291 SH   SOLE N/A 993,291 0 0
UNITEDHEALTH GRP COM 91324P102 141,232 1,397,093 SH   SOLE N/A 1,397,093 0 0
US BANCORP COM NEW 902973304 17,270 384,200 SH   SOLE N/A 384,200 0 0
VALE SA-SP P ADR ADR REPSTG PFD 91912E204 3,320 457,332 SH   SOLE N/A 457,332 0 0
VERIZON COMMUNIC COM 92343V104 100,343 2,145,000 SH   SOLE N/A 2,145,000 0 0
VISA INC-CLASS A COM CL A 92826C839 100,423 383,000 SH   SOLE N/A 383,000 0 0
WELLS FARGO & CO COM 949746101 185,785 3,389,000 SH   SOLE N/A 3,389,000 0 0
WEYERHAEUSER CO COM 962166104 86,689 2,415,406 SH   SOLE N/A 2,415,406 0 0
YUM! BRANDS INC COM 988498101 91,705 1,258,815 SH   SOLE N/A 1,258,815 0 0