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
WELLS FARGO & CO NEW COM 949746101 2,038 39,290 SH   SOLE   39,290 0 0
WASTE MGMT INC DEL COM 94106L109 665 14,000 SH   SOLE   14,000 0 0
WAL-MART STORES INC COM 931142103 306 4,000 SH   SOLE   4,000 0 0
VERMILION ENERGY INC COM 923725105 1,379 22,600 SH   SOLE   22,600 0 0
VALE S A ADR 91912E105 916 83,200 SH   SOLE   83,200 0 0
UNITEDHEALTH GROUP INC COM 91324P102 16,066 186,270 SH   SOLE   186,270 0 0
TUPPERWARE BRANDS CORP COM 899896104 9,672 140,090 SH   SOLE   140,090 0 0
TIFFANY & CO NEW COM 886547108 7,140 74,140 SH   SOLE   74,140 0 0
THORATEC CORP COM NEW 885175307 2,673 100,000 SH   SOLE   100,000 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 15,059 280,160 SH   SOLE   280,160 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 2,906 144,010 SH   SOLE   144,010 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 11,759 313,460 SH   SOLE   313,460 0 0
QUANTA SVCS INC COM 74762E102 12,907 355,660 SH   SOLE   355,660 0 0
PEPSICO INC COM 713448108 8,478 91,078 SH   SOLE   91,078 0 0
ORACLE CORP COM 68389X105 9,788 255,702 SH   SOLE   255,702 0 0
NVIDIA CORP COM 67066G104 7,700 417,340 SH   SOLE   417,340 0 0
NASDAQ OMX GROUP INC COM 631103108 10,387 244,850 SH   SOLE   244,850 0 0
MONDELEZ INTL INC CL A 609207105 7,903 230,640 SH   SOLE   230,640 0 0
MICROSOFT CORP COM 594918104 9,610 207,300 SH   SOLE   207,300 0 0
MEDNAX INC COM 58502B106 1,645 30,000 SH   SOLE   30,000 0 0
MCDONALDS CORP COM 580135101 20,611 217,390 SH   SOLE   217,390 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 3,301 154,630 SH   SOLE   154,630 0 0
M & T BK CORP COM 55261F104 7,559 61,310 SH   SOLE   61,310 0 0
LILLY ELI & CO COM 532457108 908 14,000 SH   SOLE   14,000 0 0
KROGER CO COM 501044101 848 16,300 SH   SOLE   16,300 0 0
JOHNSON & JOHNSON COM 478160104 1,316 12,350 SH   SOLE   12,350 0 0
JPMORGAN CHASE & CO COM 46625H100 7,653 127,040 SH   SOLE   127,040 0 0
ISHARES INC CORE MSCI EMKT 46434G103 35,010 699,650 SH   SOLE   699,650 0 0
ISHARES GL TIMB FORE ETF 464288174 1,282 26,000 SH   SOLE   26,000 0 0
ISHARES MSCI TURKEY ETF 464286715 18,233 371,500 SH   SOLE   371,500 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 835 4,400 SH   SOLE   4,400 0 0
HOST HOTELS & RESORTS INC COM 44107P104 4,108 192,580 SH   SOLE   192,580 0 0
HEALTH CARE REIT INC COM 42217K106 11,247 180,335 SH   SOLE   180,335 0 0
HASBRO INC COM 418056107 605 11,000 SH   SOLE   11,000 0 0
HALLIBURTON CO COM 406216101 7,403 114,760 SH   SOLE   114,760 0 0
HCP INC COM 40414L109 7,148 180,000 SH   SOLE   180,000 0 0
GOOGLE INC CL A 38259P508 15,593 26,500 SH   SOLE   26,500 0 0
FREEPORT-MCMORAN INC CL B 35671D857 7,728 236,690 SH   SOLE   236,690 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 6,647 449,450 SH   SOLE   449,450 0 0
EXXON MOBIL CORP COM 30231G102 8,279 88,030 SH   SOLE   88,030 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 4,101 66,590 SH   SOLE   66,590 0 0
EMBOTELLADORA ANDINA S A SPON ADR B 29081P303 910 47,500 SH   SOLE   47,500 0 0
DIRECTV COM 25490A309 7,431 85,890 SH   SOLE   85,890 0 0
DANAHER CORP DEL COM 235851102 7,973 104,940 SH   SOLE   104,940 0 0
CUMMINS INC COM 231021106 7,025 53,230 SH   SOLE   53,230 0 0
CONOCOPHILLIPS COM 20825C104 1,643 21,470 SH   SOLE   21,470 0 0
COLGATE PALMOLIVE CO COM 194162103 1,246 19,100 SH   SOLE   19,100 0 0
COCA COLA CO COM 191216100 640 15,000 SH   SOLE   15,000 0 0
CANADIAN PAC RY LTD COM 13645T100 728 3,500 SH   SOLE   3,500 0 0
BAXTER INTL INC COM 071813109 16,346 227,760 SH   SOLE   227,760 0 0
BARRICK GOLD CORP COM 067901108 884 60,000 SH   SOLE   60,000 0 0
AVON PRODS INC COM 054303102 4,057 322,000 SH   SOLE   322,000 0 0
APPLE INC COM 037833100 8,963 88,960 SH   SOLE   88,960 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 2,028 169,000 SH   SOLE   169,000 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 10,148 210,410 SH   SOLE   210,410 0 0
AMERICAN TOWER CORP NEW COM 03027X100 3,952 42,210 SH   SOLE   42,210 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 874 14,610 SH   SOLE   14,610 0 0
AGNICO EAGLE MINES LTD COM 008474108 1,362 47,000 SH   SOLE   47,000 0 0
MEDTRONIC INC COM 585055106 1,908 30,800 SH   SOLE   30,800 0 0