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
ADVANCED SEMICONDUCTOR ENGINEE ADR 00756M404 223 40,100 SH   SOLE 1 40,100 0 0
AIR PRODUCTS & CHEMICALS INC Common Stock 009158106 1,920 16,133 SH   SOLE 1 16,133 0 0
ALON USA ENERGY INC Common Stock 020520102 576 38,569 SH   SOLE 1 38,569 0 0
AMBEV SA ADR 02319V103 34,056 4,595,900 SH   SOLE 1 4,595,900 0 0
AMDOCS LTD Common Stock G02602103 98,754 2,125,567 SH   SOLE 1 2,125,567 0 0
AVIANCA HOLDINGS SA ADR 05367G100 14,220 834,000 SH   SOLE 1 834,000 0 0
B2GOLD CORP Common Stock 11777Q209 7,239 2,663,435 SH   SOLE 1 2,663,435 0 0
BANCOLOMBIA SA ADR 05968L102 271 4,800 SH   SOLE 1 4,800 0 0
BRF SA ADR 10552T107 12,775 639,400 SH   SOLE 1 639,400 0 0
CABOT OIL & GAS CORP Common Stock 127097103 22,176 654,546 SH   SOLE 1 654,546 0 0
CELANESE CORP Common Stock 150870103 1,219 21,956 SH   SOLE 1 21,956 0 0
CHEMED CORP Common Stock 16359R103 17,854 199,593 SH   SOLE 1 199,593 0 0
COBALT INTERNATIONAL ENERGY IN Common Stock 19075F106 288 15,725 SH   SOLE 1 15,725 0 0
CONVERSANT INC Common Stock 21249J105 98,729 3,507,239 SH   SOLE 1 3,507,239 0 0
COSAN LTD Common Stock G25343107 308 27,000 SH   SOLE 1 27,000 0 0
CTRIP.COM INTERNATIONAL LTD ADR 22943F100 464 9,213 SH   SOLE 1 9,213 0 0
DELEK US HOLDINGS INC Common Stock 246647101 502 17,280 SH   SOLE 1 17,280 0 0
DIRECTV Common Stock 25490A309 180,124 2,357,028 SH   SOLE 1 2,357,028 0 0
DOMTAR CORP Common Stock 257559203 143,971 1,282,937 SH   SOLE 1 1,282,937 0 0
DR REDDY'S LABORATORIES LTD ADR 256135203 22,104 503,500 SH   SOLE 1 503,500 0 0
EBAY INC Common Stock 278642103 38,421 695,530 SH   SOLE 1 695,530 0 0
ENCANA CORP Common Stock 292505104 19,384 906,187 SH   SOLE 1 906,187 0 0
EROS INTERNATIONAL PLC Common Stock G3788M114 18,239 1,135,000 SH   SOLE 1 1,135,000 0 0
FOMENTO ECONOMICO MEXICANO SAB ADR 344419106 82 902 SH   SOLE 1 902 0 0
FOSSIL GROUP INC Common Stock 34988V106 84,074 720,990 SH   SOLE 1 720,990 0 0
GAP INC/THE Common Stock 364760108 88,150 2,200,443 SH   SOLE 1 2,200,443 0 0
GRAHAM HOLDINGS CO Common Stock 384637104 31,924 45,363 SH   SOLE 1 45,363 0 0
HALLIBURTON CO Common Stock 406216101 40,934 695,092 SH   SOLE 1 695,092 0 0
HESS CORP Common Stock 42809H107 201,400 2,430,025 SH   SOLE 1 2,430,025 0 0
HOME DEPOT INC/THE Common Stock 437076102 10,296 130,119 SH   SOLE 1 130,119 0 0
INGREDION INC Common Stock 457187102 565 8,300 SH   SOLE 1 8,300 0 0
INTERDIGITAL INC/PA Common Stock 45867G101 7,540 227,715 SH   SOLE 1 227,715 0 0
IPATH S&P 500 VIX SHORT-TERM F ETP 06742E711 499 11,829 SH   SOLE 1 11,829 0 0
ISHARES MSCI ACWI ETF ETP 464288257 12,493 214,881 SH   SOLE 1 214,881 0 0
ISHARES MSCI BRAZIL CAPPED ETF ETP 464286400 778 17,278 SH   SOLE 1 17,278 0 0
ISHARES MSCI TAIWAN ETF ETP 464286731 890 61,905 SH   SOLE 1 61,905 0 0
JONES LANG LASALLE INC Common Stock 48020Q107 93,756 791,185 SH   SOLE 1 791,185 0 0
LORILLARD INC Common Stock 544147101 92,255 1,705,898 SH   SOLE 1 1,705,898 0 0
MEDNAX INC Common Stock 58502B106 30,227 487,688 SH   SOLE 1 487,688 0 0
NEW ORIENTAL EDUCATION & TECHN ADR 647581107 50,280 1,713,118 SH   SOLE 1 1,713,118 0 0
NEWMONT MINING CORP Common Stock 651639106 53,040 2,262,812 SH   SOLE 1 2,262,812 0 0
OSHKOSH CORP Common Stock 688239201 44,640 758,285 SH   SOLE 1 758,285 0 0
PHILLIPS 66 Common Stock 718546104 43,056 558,737 SH   SOLE 1 558,737 0 0
PRAXAIR INC Common Stock 74005P104 2,485 18,971 SH   SOLE 1 18,971 0 0
PRECISION DRILLING CORP Common Stock 74022D308 14,644 1,220,768 SH   SOLE 1 1,220,768 0 0
PRIMERO MINING CORP Common Stock 74164W106 2,708 373,139 SH   SOLE 1 373,139 0 0
SANDERSON FARMS INC Common Stock 800013104 10,412 132,655 SH   SOLE 1 132,655 0 0
SESA STERLITE LTD ADR 78413F103 129 10,400 SH   SOLE 1 10,400 0 0
SOCIEDAD QUIMICA Y MINERA DE C ADR 833635105 685 21,574 SH   SOLE 1 21,574 0 0
TAHOE RESOURCES INC Common Stock 873868103 3,856 182,121 SH   SOLE 1 182,121 0 0
TESORO CORP Common Stock 881609101 14,700 290,566 SH   SOLE 1 290,566 0 0
TURKCELL ILETISIM HIZMETLERI A ADR 900111204 161 11,662 SH   SOLE 1 11,662 0 0
ULTRAPAR PARTICIPACOES SA ADR 90400P101 848 35,200 SH   SOLE 1 35,200 0 0
US SILICA HOLDINGS INC Common Stock 90346E103 11,583 303,459 SH   SOLE 1 303,459 0 0
VANTIV INC Common Stock 92210H105 165,781 5,485,815 SH   SOLE 1 5,485,815 0 0
WEIGHT WATCHERS INTERNATIONAL Common Stock 948626106 7,446 362,507 SH   SOLE 1 362,507 0 0
YAMANA GOLD INC Common Stock 98462Y100 15,230 1,736,607 SH   SOLE 1 1,736,607 0 0