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
Air Lease Corp COM 00912X302 1,313 49,019 SH   OTR   0 49,019 0
Allete Inc COM 018522300 1,920 29,700 SH   OTR   0 29,700 0
Alliance Data Systems Corp COM 018581108 442 2,255 SH   OTR   0 2,255 0
America Movil ADR 02364W105 228 18,619 SH   OTR   0 18,619 0
Ameris Bancorp COM 03076K108 3,496 117,700 SH   OTR   0 117,700 0
Anglogold Ashanti ADR 035128206 56 3,117 SH   OTR   0 3,117 0
Arc Document Solutions COM 00191G103 200 51,309 SH   OTR   0 51,309 0
Asbury Automotive Group COM 043436104 1,474 27,946 SH   OTR   0 27,946 0
Astoria Financial Corp COM 046265104 1,841 120,100 SH   OTR   0 120,100 0
Banco Santender Chile ADR 05965X109 108 5,562 SH   OTR   0 5,562 0
Bel Fuse Inc COM 077347300 1,707 9,600 SH   OTR   0 9,600 0
BHP Billiton ADR 05545E209 35,319 1,391,600 SH   OTR   0 1,391,600 0
BNC Bancorp COM 05566T101 1,958 86,200 SH   OTR   0 86,200 0
Brandywine Realty Trust REIT 105368203 469 27,912 SH   OTR   0 27,912 0
Brookline Bancorp Inc COM 11373M107 1,721 156,000 SH   OTR   0 156,000 0
Bryn Mawr Bank Corp COM 117665109 1,581 54,146 SH   OTR   0 54,146 0
Cambrex Corp COM 132011107 1,107 21,397 SH   OTR   0 21,397 0
Cardtronics Inc COM 14161H108 1,839 46,183 SH   OTR   0 46,183 0
Cemex Sab Spons ADR 151290889 87 14,058 SH   OTR   0 14,058 0
CIA Energetica ADR 204409601 16 7,462 SH   OTR   0 7,462 0
Central Pacific Financial Co COM 154760409 1,980 83,883 SH   OTR   0 83,883 0
China Unicom ADR 16945R104 54 5,202 SH   OTR   0 5,202 0
Chunghwa Tel ADR 17133Q502 168 4,621 SH   OTR   0 4,621 0
CIA Cervecerias ADR 204429104 159 6,817 SH   OTR   0 6,817 0
CIA de Minas ADR 204448104 111 9,289 SH   OTR   0 9,289 0
Cinemark Holdings Inc COM 17243V102 1,757 48,191 SH   OTR   0 48,191 0
Cobiz Financial Inc COM 190897108 1,216 103,909 SH   OTR   0 103,909 0
Coca Cola Femsa ADR 191241108 62 744 SH   OTR   0 744 0
Colony Bankcorp COM 19623P101 190 20,000 SH   OTR   0 20,000 0
CPFL Energia ADR 126153105 59 4,579 SH   OTR   0 4,579 0
Deckers Outdoor Corp COM 243537107 1,570 27,300 SH   OTR   0 27,300 0
Diamondback Energy Inc COM 25278X109 1,520 16,670 SH   OTR   0 16,670 0
Dime Community Bancshares COM 253922108 1,648 96,900 SH   OTR   0 96,900 0
Dupont Fabros Technology REIT 26613Q106 2,339 49,205 SH   OTR   0 49,205 0
Education Realty Trust Inc REIT 28140H203 2,720 58,957 SH   OTR   0 58,957 0
Embraer SA ADR 29082A107 101 4,668 SH   OTR   0 4,668 0
Empresa NAC ADR 29244T101 70 2,531 SH   OTR   0 2,531 0
Endesa Americas SA ADR 29261D104 35 2,531 SH   OTR   0 2,531 0
Enersis Chile SA ADR 29278D105 83 14,195 SH   OTR   0 14,195 0
Enersis SA ADR 29274F104 60 6,997 SH   OTR   0 6,997 0
Entravision Communications COM 29382R107 1,492 222,064 SH   OTR   0 222,064 0
EPR Properties REIT 26884U109 4,309 53,410 SH   OTR   0 53,410 0
Fairpoint Communications Inc COM 305560302 1,305 88,873 SH   OTR   0 88,873 0
Ferro Corp COM 315405100 2,516 188,035 SH   OTR   0 188,035 0
FNB Corp COM 302520101 1,478 117,880 SH   OTR   0 117,880 0
Fomento Economento ADR 344419106 74 795 SH   OTR   0 795 0
Gerdau ADR 373737105 27 14,699 SH   OTR   0 14,699 0
Gold Fields ADR 38059T106 64 13,043 SH   OTR   0 13,043 0
Greenbrier Companies Inc COM 393657101 1,594 54,718 SH   OTR   0 54,718 0
Grupo Aeroportuario ADR 400506101 153 1,490 SH   OTR   0 1,490 0
Grupo Televisa ADR 40049J206 186 7,161 SH   OTR   0 7,161 0
Hercules Technology Growth COM 427096508 1,523 122,636 SH   OTR   0 122,636 0
Hersha Hospitality Trust REIT 427825500 1,082 63,083 SH   OTR   0 63,083 0
Imax Corp COM 45245E109 2,604 88,331 SH   OTR   0 88,331 0
Infosys Technologies ADR 456788108 32,654 1,829,322 SH   OTR   0 1,829,322 0
Integrated Device Tech Inc COM 458118106 2,171 107,839 SH   OTR   0 107,839 0
International Bancshares Crp COM 459044103 1,584 60,700 SH   OTR   0 60,700 0
International Game Technolog COM G4863A108 34,994 1,867,365 SH   OTR   0 1,867,365 0
IPATH MSCI India ETF 06739F291 2,101 32,295 SH   OTR   0 32,295 0
ISHARES MSCI EM ETF 464287234 3 100 SH   OTR   0 100 0
ISHARES MSCI INDIA ETF 46429B598 605 21,680 SH   OTR   0 21,680 0
Itau Corpbanca ADR 400506101 128 9,996 SH   OTR   0 9,996 0
JD.com Inc ADR 47215P106 38 1,792 SH   OTR   0 1,792 0
Kforce Inc COM 493732101 2,022 119,694 SH   OTR   0 119,694 0
KT Corp ADR 48268K101 100 7,023 SH   OTR   0 7,023 0
Luxoft Holding Inc COM G57279104 1,766 26,281 SH   OTR   0 26,281 0
Microsemi Corp COM 595137100 1,135 34,728 SH   OTR   0 34,728 0
Mobile Tel ADR 607409109 538 64,908 SH   OTR   0 64,908 0
Motorcar Parts of America Inc COM 620071100 1,174 43,206 SH   OTR   0 43,206 0
National Cinemedia Inc COM 635309107 1,532 98,995 SH   OTR   0 98,995 0
Natus Medical Inc COM 639050103 2,503 66,220 SH   OTR   0 66,220 0
NCI Building Systems Inc. COM 628852204 615 38,474 SH   OTR   0 38,474 0
New Oriental Education ADR 647581107 51 1,226 SH   OTR   0 1,226 0
Papa Johns Intl Inc COM 698813102 1,505 22,128 SH   OTR   0 22,128 0
PETROCHINA ADR 71646E100 34 505 SH   OTR   0 505 0
Phibro Animal Health Corp COM 71742Q106 1,433 76,800 SH   OTR   0 76,800 0
Philippine Long Dist ADR 718252604 107 2,406 SH   OTR   0 2,406 0
Physicians Realty Trust REIT 71943U104 2,429 115,622 SH   OTR   0 115,622 0
Pinnacle Financial Partners COM 72346Q104 1,386 28,369 SH   OTR   0 28,369 0
Qihoo 360 Tech ADR 74734M109 26 359 SH   OTR   0 359 0
Quimica Y Minera ADR 833635105 165 6,667 SH   OTR   0 6,667 0
Regal Entertainment Group COM 758766109 2,356 106,911 SH   OTR   0 106,911 0
Restoration Hardware Holding COM 761283100 1,189 41,458 SH   OTR   0 41,458 0
Select Income REIT 81618T100 1,188 45,722 SH   OTR   0 45,722 0
SK Telecom ADR 78440P108 156 7,472 SH   OTR   0 7,472 0
Southern Copper COM 84265V105 142 5,250 SH   OTR   0 5,250 0
Southwest Bancorp COM 844767103 1,502 88,700 SH   OTR   0 88,700 0
Spirit Airlines Inc COM 848577102 593 13,226 SH   OTR   0 13,226 0
Swift Transporation Co COM 87074U101 1,640 106,414 SH   OTR   0 106,414 0
Taiwan Semiconductor ADR 874039100 28 1,057 SH   OTR   0 1,057 0
Tal Education Group ADR 874080104 47 754 SH   OTR   0 754 0
Telefonica Brasil ADR 87936R106 78 5,751 SH   OTR   0 5,751 0
Telekomunik Indonesia ADR 715684106 221 3,589 SH   OTR   0 3,589 0
Teva Pharm ADR 881624209 31,108 619,319 SH   OTR   0 619,319 0
TIM Part ADR 88706P205 65 6,144 SH   OTR   0 6,144 0
Trex Company Inc COM 89531P105 1,698 37,800 SH   OTR   0 37,800 0
Turkcell ADR 900111204 71 7,788 SH   OTR   0 7,788 0
Tutor Perini Corp COM 901109108 2,036 86,471 SH   OTR   0 86,471 0
United Insurance Holdings Co COM 910710102 1,339 81,741 SH   OTR   0 81,741 0
US Concrete Inc COM 90333L201 1,630 26,760 SH   OTR   0 26,760 0
Vanguard FTSE EM ETF 922042858 2,103 59,700 SH   OTR   0 59,700 0
Verint Systems Inc. COM 92343X100 1,005 30,324 SH   OTR   0 30,324 0
Web.com Group COM 94733A104 1,443 79,400 SH   OTR   0 79,400 0
Wesco International Inc COM 95082P105 1,766 34,300 SH   OTR   0 34,300 0
Wisdomtree India COM 97717W422 260 12,900 SH   OTR   0 12,900 0
YY Inc ADR 98426T106 434 12,801 SH   OTR   0 12,801 0