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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
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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
BROADCOM LTD SHS Y09827109 40,750 172,925 SH   SOLE   172,925 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 2,326 254,210 SH   SOLE   254,210 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 98,044 534,181 SH   SOLE   530,746 0 3,435
BAIDU INC SPON ADR REP A 056752108 89 400 SH   SOLE   400 0 0
ENEL AMERICAS S A SPONSORED ADR 29274F104 1,648 141,829 SH   SOLE   141,829 0 0
GLOBANT S A COM L44385109 1,947 37,782 SH   SOLE   37,782 0 0
ISHARES TR GLOBAL TECH ETF 464287291 4,569 28,860 SH   SOLE   28,860 0 0
JD COM INC SPON ADR CL A 47215P106 1,988 49,100 SH   SOLE   45,600 0 3,500
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 2,546 15,900 SH   SOLE   15,900 0 0
SPDR SERIES TRUST PORTFOLIO LN TSR 78464A664 3,563 101,500 SH   SOLE   101,500 0 0
ISHARES TR 20 YR TR BD ETF 464287432 4,340 35,600 SH   SOLE   35,600 0 0
VALE S A ADR 91912E105 2,985 234,685 SH   SOLE   234,685 0 0
VANGUARD SCOTTSDALE FDS LONG TERM TREAS 92206C847 5,814 77,500 SH   SOLE   77,500 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 944 14,000 SH   SOLE   14,000 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 3,510 47,242 SH   SOLE   47,242 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 2,170 100,377 SH   SOLE   100,377 0 0