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
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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
Ace Limited COM H0023R105 1,113 11,900 SH   SOLE   11,900 0 0
Alexion Pharmaceuticals Inc COM 015351109 1,127 9,700 SH   SOLE   9,700 0 0
Alliance Data Systems Corp COM 018581108 1,205 5,700 SH   SOLE   5,700 0 0
Allstate Corporation COM 020002101 854 16,900 SH   SOLE   16,900 0 0
Amazoncom Inc COM 023135106 5,248 16,785 SH   SOLE   16,785 0 0
Ambev ADR ADR 20441W203 1,898 49,500 SH   SOLE   7,500 0 42,000
American Express Company COM 025816109 1,322 17,500 SH   SOLE   17,500 0 0
Ameriprise Financial Inc COM 03076C106 638 7,000 SH   SOLE   7,000 0 0
Amphenol Corp COM 032095101 766 9,900 SH   SOLE   9,900 0 0
Apple Computer Inc COM 037833100 2,658 5,575 SH   SOLE   5,575 0 0
Baidu Inc ADR 056752108 1,986 12,800 SH   SOLE   4,000 0 8,800
Baidu Inc ADR 056752108 1,909 12,300 SH   OTR 1 0 12,300 0
Banco Bradesco SA ADR ADR 059460303 1,596 114,950 SH   SOLE   17,160 0 97,790
Biogen Idec Inc COM 09062X103 5,556 23,075 SH   SOLE   23,075 0 0
BioMarin Pharmaceutical Inc COM 09061G101 1,119 15,500 SH   SOLE   15,500 0 0
Blackstone Group LP UNIT 09253U108 5,453 219,100 SH   SOLE   219,100 0 0
Boeing Company COM 097023105 3,889 33,100 SH   SOLE   33,100 0 0
Canadian National Railway Co ADR COM 136375102 385 3,800 SH   SOLE   3,800 0 0
CBS Corporation COM 124857202 1,749 31,700 SH   SOLE   31,700 0 0
Celgene Corporation COM 151020104 1,264 8,200 SH   SOLE   8,200 0 0
Cigna Corp COM 125509109 1,852 24,100 SH   SOLE   24,100 0 0
Cisco Systems COM 17275R102 1,476 63,000 SH   SOLE   63,000 0 0
Colgate Palmolive COM 194162103 836 14,100 SH   SOLE   14,100 0 0
Concho Resources Inc COM 20605P101 2,122 19,500 SH   SOLE   19,500 0 0
Costco Wholesale Corporation COM 22160K105 2,649 23,000 SH   SOLE   23,000 0 0
Credicorp Limited COM G2519Y108 1,657 12,900 SH   SOLE   2,000 0 10,900
Cummins Inc COM 231021106 3,774 28,400 SH   SOLE   28,400 0 0
CVS Caremark Corp COM 126650100 1,504 26,500 SH   SOLE   26,500 0 0
Discovery Communications Inc COM 25470F104 1,486 17,600 SH   SOLE   17,600 0 0
Dow Chemical Company COM 260543103 1,440 37,500 SH   SOLE   37,500 0 0
EI DuPont De Nemours & Co COM 263534109 19 330 SH   SOLE   330 0 0
Ecolab Inc COM 278865100 3,071 31,100 SH   SOLE   31,100 0 0
Ecopetrol SA ADR ADR 279158109 1,242 27,000 SH   SOLE   4,000 0 23,000
Facebook Inc COM 30303M102 1,442 28,700 SH   SOLE   28,700 0 0
Fomento Economico Mex-SP ADR ADR 344419106 4,893 50,400 SH   SOLE   15,000 0 35,400
Ford Motor Co COM 345370860 3,760 222,900 SH   SOLE   222,900 0 0
Gilead Sciences Inc COM 375558103 1,396 22,200 SH   SOLE   22,200 0 0
Goldman Sachs Group Inc COM 38141G104 554 3,500 SH   SOLE   3,500 0 0
Google Inc COM 38259P508 4,971 5,675 SH   SOLE   5,675 0 0
Home Depot Inc COM 437076102 2,177 28,700 SH   SOLE   28,700 0 0
Humana Inc COM 444859102 2,791 29,900 SH   SOLE   29,900 0 0
Icici Bank ADR ADR 45104G104 1,570 51,500 SH   SOLE   7,500 0 44,000
Invesco Ltd COM G491BT108 1,659 52,000 SH   SOLE   52,000 0 0
JP Morgan Chase & Co COM 46625H100 879 17,000 SH   SOLE   17,000 0 0
LinkedIn Corp COM 53578A108 1,882 7,650 SH   SOLE   7,650 0 0
Lockheed Martin Corporation COM 539830109 1,327 10,400 SH   SOLE   10,400 0 0
MasterCard Inc COM 57636Q104 3,044 4,525 SH   SOLE   4,525 0 0
McKesson Corporation COM 58155Q103 1,437 11,200 SH   SOLE   11,200 0 0
NetSuite Inc COM 64118Q107 1,166 10,800 SH   SOLE   10,800 0 0
New Oriental Education & Technology ADR 647581107 3,113 125,000 SH   SOLE   19,000 0 106,000
Nike Inc Class B COM 654106103 1,845 25,400 SH   SOLE   25,400 0 0
Northrop Grumman Corp COM 666807102 1,448 15,200 SH   SOLE   15,200 0 0
O'Reilly Automotive Inc COM 67103H107 1,327 10,400 SH   SOLE   10,400 0 0
Pioneer Natural Resources Co COM 723787107 1,246 6,600 SH   SOLE   6,600 0 0
PowerShares QQQ Call Option 12/20/14 @ 75 CALL 73935A904 388 500 SH   SOLE   500 0 0
Pricelinecom Inc COM 741503403 1,764 1,745 SH   SOLE   1,745 0 0
Qihoo 360 Technology Co Ltd ADR 74734M109 2,621 31,500 SH   SOLE   8,900 0 22,600
Qihoo 360 Technology Co Ltd ADR 74734M109 2,072 24,900 SH   OTR 1 0 24,900 0
Starbucks Corporation COM 855244109 1,647 21,400 SH   SOLE   21,400 0 0
T Rowe Price Group Inc COM 74144T108 2,762 38,400 SH   SOLE   38,400 0 0
The Walt Disney Company COM 254687106 2,012 31,200 SH   SOLE   31,200 0 0
TJX Companies Inc COM 872540109 3,000 53,200 SH   SOLE   53,200 0 0
Towers Watson & Co COM 891894107 941 8,800 SH   SOLE   8,800 0 0
Union Pacific Corp COM 907818108 5,891 37,925 SH   SOLE   37,925 0 0
United Technologies Corp COM 913017109 2,016 18,700 SH   SOLE   18,700 0 0
Verizon Communications Inc COM 92343V104 383 8,200 SH   SOLE   8,200 0 0
Viacom Inc COM 92553P201 3,761 45,000 SH   SOLE   45,000 0 0
Vipshop Holdings Ltd ADR 92763W103 1,221 21,500 SH   SOLE   3,300 0 18,200
Visa Inc COM 92826C839 1,815 9,500 SH   SOLE   9,500 0 0
Xilinx COM 983919101 1,434 30,600 SH   SOLE   30,600 0 0
Youku Tudou Inc ADR ADR 98742U100 6,836 249,500 SH   SOLE   49,300 0 200,200
Youku Tudou Inc ADR ADR 98742U100 3,425 125,000 SH   OTR 1 0 125,000 0