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
AMERICAN INTL GROUP INC COM NEW 026874784 2,731 50,574 SH   SOLE   50,574 0 0
APACHE CORP COM 037411105 2,771 29,529 SH   SOLE   29,529 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 797 58,200 SH   SOLE   31,300 0 26,900
BP PLC SPONSORED ADR 055622104 54,087 1,230,639 SH   SOLE   103,736 7,367 1,119,536
BANCO SANTANDER SA ADR 05964H105 172 18,129 SH   SOLE   18,129 0 0
BARCLAYS PLC ADR 06738E204 3,289 222,098 SH   SOLE   216,924 0 5,173
BED BATH & BEYOND INC COM 075896100 2,041 30,997 SH   SOLE   30,997 0 0
CTC MEDIA INC COM 12642X106 1,206 181,300 SH   SOLE   181,300 0 0
CACI INTL INC CL A 127190304 3,936 55,233 SH   SOLE   55,233 0 0
CARNIVAL CORP PAIRED CTF 143658300 22,748 566,300 SH   SOLE   7,800 0 558,500
CITIGROUP INC COM NEW 172967424 5,031 97,102 SH   SOLE   97,102 0 0
COACH INC COM 189754104 7,559 212,291 SH   SOLE   212,291 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 720 88,888 SH   SOLE   88,888 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 3,499 126,569 SH   SOLE   110,360 0 16,209
EXPRESS INC COM 30219E103 3,653 234,011 SH   SOLE   234,011 0 0
GNC HLDGS INC COM CL A 36191G107 6,377 164,628 SH   SOLE   164,628 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 5,913 32,209 SH   SOLE   32,209 0 0
INFOSYS LTD SPONSORED ADR 456788108 71,191 1,176,944 SH   SOLE   146,129 5,265 1,025,550
INTUITIVE SURGICAL INC COM NEW 46120E602 2,593 5,615 SH   SOLE   5,615 0 0
JABIL CIRCUIT INC COM 466313103 3,793 188,058 SH   SOLE   188,058 0 0
KBR INC COM 48242W106 1,576 83,676 SH   SOLE   83,676 0 0
KOHLS CORP COM 500255104 5,091 83,425 SH   SOLE   83,425 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 9,492 637,464 SH   SOLE   84,764 0 552,700
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,484 104,563 SH   SOLE   80,549 4,000 20,014
QIWI PLC SPON ADR REP B 74735M108 1,453 46,000 SH   SOLE   46,000 0 0
ROYAL BK SCOTLAND GROUP PLC SPONS ADR 20 ORD 780097689 208 17,400 SH   SOLE   17,400 0 0
SYMANTEC CORP COM 871503108 1,905 81,007 SH   SOLE   81,007 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 1,499 74,293 SH   SOLE   74,293 0 0
TERADATA CORP DEL COM 88076W103 3,863 92,163 SH   SOLE   92,163 0 0
ULTRA PETROLEUM CORP COM 903914109 28,229 1,213,652 SH   SOLE   121,259 7,100 1,085,293
VALE S A ADR 91912E105 1,662 150,859 SH   SOLE   150,859 0 0
VIMPELCOM LTD SPONSORED ADR 92719A106 1,133 156,900 SH   SOLE   156,900 0 0
YOUKU TUDOU INC SPONSORED ADR 98742U100 437 24,400 SH   SOLE   24,400 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 319 53,300 SH   SOLE   53,300 0 0
ENSCO PLC SHS CLASS A G3157S106 38,543 933,065 SH   SOLE   84,744 5,500 842,821
WEATHERFORD INTL PLC ORD SHS G48833100 19,544 939,625 SH   SOLE   25,800 5,900 907,925