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
21Vianet Group Inc ADR ADR 90138A103 92 5,100 SH   SOLE   5,100 0 0
Air Products and Chemicals COM 009158106 1,280 9,830 SH   SOLE   9,830 0 0
Alexion Pharmaceuticals, Inc. COM 015351109 1,800 10,855 SH   SOLE   10,855 0 0
Alibaba Group Holding ADR ADR 01609W102 444 5,000 SH   DFND 1 0 5,000 0
Alliance Data Systems Corp COM 018581108 733 2,952 SH   SOLE   2,952 0 0
Amazon.com, Inc. COM 023135106 1,612 5,000 SH   SOLE   5,000 0 0
America Movil SAB de CV ADR 02364W105 489 19,400 SH   SOLE   19,400 0 0
American Express Company COM 025816109 779 8,900 SH   SOLE   8,900 0 0
Ameriprise Financial, Inc. COM 03076C106 2,352 19,060 SH   SOLE   19,060 0 0
Amphenol Corp. COM 032095101 1,979 19,815 SH   SOLE   19,815 0 0
Apple Computer, Inc. COM 037833100 4,721 46,855 SH   SOLE   46,855 0 0
Applied Materials COM 038222105 2,099 97,140 SH   SOLE   97,140 0 0
Baidu, Inc. ADR 056752108 5,718 26,200 SH   DFND 1 0 26,200 0
Baidu, Inc. ADR 056752108 2,719 12,460 SH   SOLE   12,460 0 0
Banco Bradesco S.A. ADR ADR 059460303 287 20,160 SH   SOLE   20,160 0 0
BanColombia SA ADR ADR 05968L102 153 2,700 SH   SOLE   2,700 0 0
Biogen Idec, Inc. COM 09062X103 3,045 9,205 SH   SOLE   9,205 0 0
Blackstone Group LP COM 09253U108 2,615 83,080 SH   SOLE   83,080 0 0
Canadian Pacific Railway Ltd COM 13645T100 602 2,900 SH   SOLE   2,900 0 0
Ctrip.com International - ADR ADR 22943F100 148 2,600 SH   SOLE   2,600 0 0
Cummins, Inc. COM 231021106 2,855 21,630 SH   SOLE   21,630 0 0
CVS Health Corp. COM 126650100 1,356 17,035 SH   SOLE   17,035 0 0
Dow Chemical Company COM 260543103 1,574 30,020 SH   SOLE   30,020 0 0
Embraer SA ADR ADR 29082A107 1,243 31,700 SH   SOLE   31,700 0 0
EOG Resources Inc COM 26875P101 1,749 17,665 SH   SOLE   17,665 0 0
Exxon Mobil Corp. COM 30231G102 1,097 11,660 SH   SOLE   11,660 0 0
Facebook, Inc. COM 30303M102 2,676 33,850 SH   SOLE   33,850 0 0
Gilead Sciences, Inc. COM 375558103 2,429 22,820 SH   SOLE   22,820 0 0
Google Inc., Class A COM 38259P508 2,717 4,617 SH   SOLE   4,617 0 0
Google, Inc. Class C COM 38259P706 2,663 4,612 SH   SOLE   4,612 0 0
Grupo Televisa S.A. ADR 40049J206 427 12,600 SH   SOLE   12,600 0 0
Halliburton Company COM 406216101 1,240 19,215 SH   SOLE   19,215 0 0
HDFC Bank Ltd. ADR ADR 40415F101 661 14,200 SH   SOLE   14,200 0 0
Home Depot, Inc. COM 437076102 2,127 23,185 SH   SOLE   23,185 0 0
Icici Bank ADR ADR 45104G104 648 13,200 SH   SOLE   13,200 0 0
ICON PLC COM G4705A100 92 1,600 SH   SOLE   1,600 0 0
IDEXX Laboratiroes Inc. COM 45168D104 1,680 14,260 SH   SOLE   14,260 0 0
Itau Unibanco Holding SA ADR 465562106 389 28,000 SH   SOLE   28,000 0 0
Kroger Company COM 501044101 1,431 27,520 SH   SOLE   27,520 0 0
Lam Research Corp. COM 512807108 1,914 25,620 SH   SOLE   25,620 0 0
Lazard Ltd. Other G54050102 1,289 25,420 SH   SOLE   25,420 0 0
Legg Mason, Inc. COM 524901105 1,807 35,320 SH   SOLE   35,320 0 0
Lockheed Martin Corporation COM 539830109 1,253 6,855 SH   SOLE   6,855 0 0
Lowe's Companies COM 548661107 1,429 27,000 SH   SOLE   27,000 0 0
Market Vectors Vietnam ETF ETF 57060U761 2,453 112,000 SH   DFND 1 0 112,000 0
MasterCard, Inc. COM 57636Q104 1,001 13,535 SH   SOLE   13,535 0 0
McKesson Corporation COM 58155Q103 1,758 9,030 SH   SOLE   9,030 0 0
Merck & Co., Inc. COM 58933Y105 1,139 19,215 SH   SOLE   19,215 0 0
Nike, Inc. Class B COM 654106103 1,326 14,860 SH   SOLE   14,860 0 0
Northrop Grumman Corp COM 666807102 1,965 14,910 SH   SOLE   14,910 0 0
Priceline Group, Inc. COM 741503403 1,906 1,645 SH   SOLE   1,645 0 0
Raytheon Company COM 755111507 1,052 10,355 SH   SOLE   10,355 0 0
Regeneron Pharmaceuticals Inc. COM 75886F107 1,450 4,023 SH   SOLE   4,023 0 0
Schlumberger, Ltd. COM 806857108 2,157 21,215 SH   SOLE   21,215 0 0
SK Telecom Co. Ltd ADR 78440P108 479 15,800 SH   SOLE   15,800 0 0
Suncor Energy, Inc. COM 867224107 727 20,100 SH   SOLE   20,100 0 0
Taiwan Semiconductor ADR ADR 874039100 482 23,900 SH   SOLE   23,900 0 0
Tata Motors Ltd ADR 876568502 87 2,000 SH   SOLE   2,000 0 0
Union Pacific Corp. COM 907818108 4,404 40,620 SH   SOLE   40,620 0 0
Universal Health Services Inc. COM 913903100 1,652 15,810 SH   SOLE   15,810 0 0
Walt Disney Company COM 254687106 1,541 17,310 SH   SOLE   17,310 0 0
Wells Fargo Company COM 949746101 2,268 43,730 SH   SOLE   43,730 0 0