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
3M COMPANY COMMON 88579Y101 1,608 14,707 SH   SOLE   14,707 0 0
ACE LTD COMMON H0023R105 73,882 822,281 SH   SOLE   822,281 0 0
AMAZON.COM INC COMMON 023135106 3,380 12,172 SH   SOLE   12,172 0 0
AMERICAN CAPITAL COMMON 02503Y103 5,691 448,946 SH   SOLE   448,946 0 0
AMERICAN TOWER REIT (HLDG CO) SH COMMON 03027X100 1,562 21,342 SH   SOLE   21,342 0 0
AMERISAFE COMMON 03071H100 9,046 277,945 SH   SOLE   277,945 0 0
AON CORPORATION COMMON G0408V102 481 7,471 SH   SOLE   7,471 0 0
APPLE INC COMMON 037833100 454 1,146 SH   SOLE   1,146 0 0
ARCOS DORADOS HOLDINGS INC COMMON G0457F107 53,871 4,615,969 SH   SOLE   4,615,969 0 0
ARM HOLDINGS ADR COMMON 042068106 35,650 974,870 SH   SOLE   974,870 0 0
ASML HOLDING ADR COMMON N07059210 62,079 776,615 SH   SOLE   776,615 0 0
ASOS PLC - UNSPONSORED ADR COMMON 00212V105 14,611 233,032 SH   SOLE   233,032 0 0
AUTOMATIC DATA PROCESSING COMMON 053015103 287 4,163 SH   SOLE   4,163 0 0
AVISTA CORP COMMON 05379B107 7,049 260,884 SH   SOLE   260,884 0 0
BARNES GROUP COMMON 067806109 12,267 408,147 SH   SOLE   408,147 0 0
BBCN BANCORP COMMON 073295107 15,024 1,053,591 SH   SOLE   1,053,591 0 0
BERKSHIRE HATHAWAY INC CL B COMMON 084670702 523 4,675 SH   SOLE   4,675 0 0
BLUCORA INC COMMON 095229100 15,653 842,427 SH   SOLE   842,427 0 0
BRF SA - ADR COMMON 10552T107 54,132 2,504,214 SH   SOLE   2,504,214 0 0
BRINKER INTERNATIONAL INC COMMON 109641100 14,203 359,687 SH   SOLE   359,687 0 0
BROOKS AUTOMATION COMMON 114340102 5,107 523,823 SH   SOLE   523,823 0 0
CABELA`S INC COMMON 126804301 11,101 171,169 SH   SOLE   171,169 0 0
CAL MAINE FOODS COMMON 128030202 7,430 159,397 SH   SOLE   159,397 0 0
CANADIAN NATL RAILWAY CO COMMON 136375102 65,583 672,898 SH   SOLE   672,898 0 0
CBL & ASSOCIATES PROPERTIES COMMON 124830100 13,942 650,902 SH   SOLE   650,902 0 0
CELESTICA COMMON 15101Q108 5,143 544,270 SH   SOLE   544,270 0 0
CELGENE CORP COMMON 151020104 1,379 11,789 SH   SOLE   11,789 0 0
CHEVRON COMMON 166764100 1,006 8,503 SH   SOLE   8,503 0 0
CNO FINANCIAL GROUP INC COMMON 12621E103 16,873 1,298,115 SH   SOLE   1,298,115 0 0
COCA-COLA COMPANY COMMON 191216100 439 10,946 SH   SOLE   10,946 0 0
COCA-COLA ENTERPRISES COMMON 19122T109 57,262 1,622,476 SH   SOLE   1,622,476 0 0
COGNEX CORP COMMON 192422103 16,682 367,744 SH   SOLE   367,744 0 0
COLGATE-PALMOLIVE COMPANY COMMON 194162103 227 3,961 SH   SOLE   3,961 0 0
CORE LABORATORIES N.V. COMMON N22717107 66,827 438,525 SH   SOLE   438,525 0 0
CORPORATE EXECUTIVE BOARD CO COMMON 21988R102 12,833 202,751 SH   SOLE   202,751 0 0
COSTCO WHOLESALE CORP COMMON 22160K105 436 3,940 SH   SOLE   3,940 0 0
COVIDIEN LTD COMMON G2554F113 58,904 949,037 SH   SOLE   949,037 0 0
CUBIC CORP COMMON 229669106 7,275 151,007 SH   SOLE   151,007 0 0
CVB FINANCIAL COMMON 126600105 12,642 1,073,399 SH   SOLE   1,073,399 0 0
DISNEY (WALT) COMMON 254687106 413 6,533 SH   SOLE   6,533 0 0
DOUGLAS EMMETT COMMON 25960P109 8,892 356,375 SH   SOLE   356,375 0 0
EAST WEST BANCORP COMMON 27579R104 15,117 549,071 SH   SOLE   549,071 0 0
EBAY INC COMMON 278642103 1,455 28,132 SH   SOLE   28,132 0 0
EMBRAER SA-ADR COMMON 29082A107 213 5,779 SH   SOLE   5,779 0 0
EMERSON ELECTRIC COMPANY COMMON 291011104 350 6,421 SH   SOLE   6,421 0 0
EXXON MOBIL CORPORATION COMMON 30231G102 735 8,140 SH   SOLE   8,140 0 0
FANUC CORPORATION COMMON 307305102 23,051 948,429 SH   SOLE   948,429 0 0
FOOT LOCKER INC COMMON 344849104 7,448 211,722 SH   SOLE   211,722 0 0
GATX CORP COMMON 361448103 10,206 215,426 SH   SOLE   215,426 0 0
GENERAL ELECTRIC COMPANY COMMON 369604103 742 32,009 SH   SOLE   32,009 0 0
GENERAL MILLS COMMON 370334104 349 7,185 SH   SOLE   7,185 0 0
GENWORTH FINANCIAL COMMON 37247D106 204 17,900 SH   SOLE   17,900 0 0
GLACIER BANCORP COMMON 37637Q105 7,867 354,550 SH   SOLE   354,550 0 0
GLAXOSMITHKLINE PLC - SPON ADR COMMON 37733W105 316 6,320 SH   SOLE   6,320 0 0
GLOBAL INDEMNITY PLC COMMON G39319101 4,068 172,750 SH   SOLE   172,750 0 0
GOOGLE INC COMMON 38259P508 1,648 1,872 SH   SOLE   1,872 0 0
GRAN TIERRA ENERGY COMMON 38500T101 10,740 1,786,222 SH   SOLE   1,786,222 0 0
GROUP 1 AUTOMOTIVE INC COMMON 398905109 12,032 186,756 SH   SOLE   186,756 0 0
GRUPO TELEVISA SA COMMON 40049J206 200 8,063 SH   SOLE   8,063 0 0
HELEN OF TROY LTD COMMON G4388N106 8,637 224,224 SH   SOLE   224,224 0 0
HI-TECH PHARM COMMON 42840B101 4,810 144,879 SH   SOLE   144,879 0 0
HOME DEPOT INC COMMON 437076102 670 8,650 SH   SOLE   8,650 0 0
HORNBECK OFFSHORE SERVICES COMMON 440543106 22,212 414,505 SH   SOLE   414,505 0 0
IMMUNOMEDICS COMMON 452907108 2,684 494,216 SH   SOLE   494,216 0 0
INDITEX-UNSPON ADR COMMON 455793109 11,038 441,849 SH   SOLE   441,849 0 0
INSIGHT ENTERPRISES COMMON 45765U103 5,713 321,047 SH   SOLE   321,047 0 0
INTEL CORP COMMON 458140100 380 15,703 SH   SOLE   15,703 0 0
JAZZ PHARMACEUTICALS PLC COMMON G50871105 241 3,500 SH   SOLE   3,500 0 0
JERONIMO MARTINS SGPS SA - ADR COMMON 476493101 14,013 336,068 SH   SOLE   336,068 0 0
JOHNSON & JOHNSON COMMON 478160104 558 6,494 SH   SOLE   6,494 0 0
KADANT INC COMMON 48282T104 5,005 165,887 SH   SOLE   165,887 0 0
L`OREAL - UNSPONS ADR COMMON 502117203 19,664 596,340 SH   SOLE   596,340 0 0
LACLEDE GROUP INC COMMON 505597104 11,188 244,971 SH   SOLE   244,971 0 0
LAZARD LTD-CL A COMMON G54050102 51,667 1,606,135 SH   SOLE   1,606,135 0 0
LINDSAY CORPORATION COMMON 535555106 7,313 97,420 SH   SOLE   97,420 0 0
LVMH MOET HENNESSY-UNSP ADR COMMON 502441306 16,777 508,305 SH   SOLE   508,305 0 0
MCDONALD`S CORP COMMON 580135101 352 3,556 SH   SOLE   3,556 0 0
MEDCATH CORP COMMON 58404W109 408 285,049 SH   SOLE   285,049 0 0
MERCADOLIBRE INC COMMON 58733R102 36,870 341,175 SH   SOLE   341,175 0 0
MERITAGE HOMES CORP COMMON 59001A102 8,812 203,341 SH   SOLE   203,341 0 0
MONSANTO CO COMMON 61166W101 1,845 18,676 SH   SOLE   18,676 0 0
MONTPELIER RE HOLDINGS LTD COMMON G62185106 10,737 428,854 SH   SOLE   428,854 0 0
MOOG INC-CLASS A COMMON 615394202 5,691 110,443 SH   SOLE   110,443 0 0
NATIONAL OILWELL VARCO INC COMMON 637071101 1,690 24,526 SH   SOLE   24,526 0 0
NESTLE SA COMMON 007123870 33,250 507,181 SH   SOLE   507,181 0 0
NESTLE SA - SPONS ADR FOR REG COMMON 641069406 32,434 493,699 SH   SOLE   493,699 0 0
NEWPORT CORP COMMON 651824104 3,890 279,238 SH   SOLE   279,238 0 0
NIKE INC B COMMON 654106103 1,425 22,374 SH   SOLE   22,374 0 0
NOVO-NORDISK A/S-SPONS ADR COMMON 670100205 46,919 300,507 SH   SOLE   300,507 0 0
NOVOZYMES A/S - ADR COMMON 670108109 23,239 717,862 SH   SOLE   717,862 0 0
OFG BANCORP COMMON 67103X102 10,494 579,488 SH   SOLE   579,488 0 0
OLIN CORP COMMON 680665205 4,081 170,602 SH   SOLE   170,602 0 0
PAYCHEX INC COMMON 704326107 300 8,224 SH   SOLE   8,224 0 0
PEPSICO INC COMMON 713448108 343 4,196 SH   SOLE   4,196 0 0
PERRIGO CO COMMON 714290103 877 7,249 SH   SOLE   7,249 0 0
PFIZER INC COMMON 717081103 1,071 38,246 SH   SOLE   38,246 0 0
PHILIP MORRIS INTL COMMON 718172109 921 10,630 SH   SOLE   10,630 0 0
POPULAR INC COMMON 733174700 5,760 189,663 SH   SOLE   189,663 0 0
PORTLAND GENERAL ELECTRIC COMMON 736508847 5,042 164,817 SH   SOLE   164,817 0 0
POTASH CORP OF SASKATCHEWAN COMMON 73755L107 61,888 1,616,714 SH   SOLE   1,616,714 0 0
PRICESMART INC COMMON 741511109 1,073 12,244 SH   SOLE   12,244 0 0
PROASSURANCE CORP COMMON 74267C106 10,989 210,485 SH   SOLE   210,485 0 0
PROCTER & GAMBLE CO COMMON 742718109 517 6,720 SH   SOLE   6,720 0 0
REDWOOD TRUST COMMON 758075402 15,206 894,476 SH   SOLE   894,476 0 0
REGAL-BELOIT COMMON 758750103 11,095 171,074 SH   SOLE   171,074 0 0
ROGERS COMMUNICATION COMMON 775109200 284 7,255 SH   SOLE   7,255 0 0
SAFETY INSURANCE GROUP INC COMMON 78648T100 6,474 133,147 SH   SOLE   133,147 0 0
SAIA COMMON 78709Y105 9,199 305,642 SH   SOLE   305,642 0 0
SCHWAB (CHARLES) CORP COMMON 808513105 338 15,915 SH   SOLE   15,915 0 0
SENSATA TECHNOLOGIES HOLDING COMMON N7902X106 51,870 1,478,199 SH   SOLE   1,478,199 0 0
SENSIENT TECHNOLOGIES COMMON 81725T100 4,750 117,381 SH   SOLE   117,381 0 0
SGS SA COMMON 004824778 34,836 16,224 SH   SOLE   16,224 0 0
SGS SA - ADR COMMON 818800104 33,928 1,564,520 SH   SOLE   1,564,520 0 0
SHANDONG WEIGAO GP ADR COMMON 81941W101 11,239 2,645,788 SH   SOLE   2,645,788 0 0
SHFL ENTERTAINMENT COMMON 78423R105 8,124 458,281 SH   SOLE   458,281 0 0
SHOPRITE HOLDINGS COMMON 82510E100 17,240 466,158 SH   SOLE   466,158 0 0
SNAP-ON INC COMMON 833034101 11,213 125,350 SH   SOLE   125,350 0 0
SPECTRA ENERGY CORP COMMON 847560109 252 7,320 SH   SOLE   7,320 0 0
STARBUCKS CORP COMMON 855244109 203 3,100 SH   SOLE   3,100 0 0
SUSQUEHANNA BANCSHARES COMMON 869099101 8,455 656,764 SH   SOLE   656,764 0 0
SVENSKA CELLULOSA AB-SP ADR COMMON 869587402 22,112 867,442 SH   SOLE   867,442 0 0
SYSCO CORP COMMON 871829107 319 9,324 SH   SOLE   9,324 0 0
SYSMEX CORP UNSPON ADR COMMON 87184P109 16,590 509,865 SH   SOLE   509,865 0 0
TAIWAN SEMICONDUCTOR-SP ADR COMMON 874039100 95,017 5,188,744 SH   SOLE   5,188,744 0 0
TD AMERITRADE HOLDINGS COMMON 87236Y108 1,299 53,488 SH   SOLE   53,488 0 0
TENCENT HOLDINGS LTD-UNS ADR COMMON 88032Q109 24,498 627,151 SH   SOLE   627,151 0 0
THE ANDERSONS INC COMMON 034164103 9,389 176,376 SH   SOLE   176,376 0 0
TITAN MACHINERY COMMON 88830R101 4,931 251,173 SH   SOLE   251,173 0 0
TSINGTAO BREWERY-SPONS ADR COMMON 898529102 916 12,895 SH   SOLE   12,895 0 0
TUESDAY MORNING COMMON 899035505 9,470 911,125 SH   SOLE   911,125 0 0
VAALCO ENERGY COMMON 91851C201 3,135 544,591 SH   SOLE   544,591 0 0
VIROPHARMA INC COMMON 928241108 18,171 633,691 SH   SOLE   633,691 0 0
WALMART DE MEXICO-SPON ADR V COMMON 93114W107 20,786 743,150 SH   SOLE   743,150 0 0
WANT WANT CHINA - UNSPON ADR COMMON 93370R107 11,905 172,047 SH   SOLE   172,047 0 0
WELLCARE HEALTH PLANS INC COMMON 94946T106 17,357 312,151 SH   SOLE   312,151 0 0
WELLS FARGO & COMPANY COMMON 949746101 386 9,351 SH   SOLE   9,351 0 0
WERNER ENTERPRISES COMMON 950755108 10,016 414,153 SH   SOLE   414,153 0 0
WESTERN REFINING COMMON 959319104 18,361 654,915 SH   SOLE   654,915 0 0
WHOLE FOODS MARKET INC COMMON 966837106 206 4,000 SH   SOLE   4,000 0 0
YANDEX NV-A COMMON N97284108 299 10,831 SH   SOLE   10,831 0 0
YUM! BRANDS INC COMMON 988498101 1,846 26,624 SH   SOLE   26,624 0 0